Laxmi India Finance Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key financial metrics. The Board of Directors approved these results at their meeting held on February 10, 2026.

Strong Revenue Growth Drives Performance

The company delivered impressive revenue growth during the third quarter of FY26. Interest income, the primary revenue driver, reached ₹7,198.63 lakhs, marking a substantial 37.30% increase from ₹5,790.35 lakhs in the corresponding quarter of the previous year. This growth reflects the company's expanding lending portfolio and improved asset quality.

Profitability Metrics Show Robust Improvement

The company's profitability metrics demonstrated exceptional performance during the quarter. Net profit surged to ₹1,006.22 lakhs in Q3FY26, representing a remarkable 63.60% increase from ₹615.10 lakhs in the same quarter last year. This improvement was driven by higher revenue generation and controlled expense management.

Portfolio Growth and Operational Metrics

The company's Assets Under Management (AUM) grew 21.11% year-on-year to ₹1,451.10 crore as of December 31, 2025, compared to ₹1,198.12 crore in the previous year. The Own Book expanded 23.68% to ₹1,365.02 crore, reflecting steady portfolio scaling and business expansion.

Direct Assignment Portfolio Stress Event

The company disclosed a one-time stress event in its Direct Assignment (DA) loan pool during Q3 FY26. The company had acquired two loan pools under DA transactions during January 2025 and July 2025, aggregating ₹25.12 crore. The DA partner encountered unexpected financial stress, resulting in non-receipt of EMIs. In line with RBI prudential norms, affected accounts remaining overdue beyond 90 days were classified as NPAs as of December 31, 2025.

Strategic Leadership Appointment

The Board approved the appointment of Mr. Vinod Maheshwari as Chief Technology Officer, elevating him from his current position as Vice President – IT. Mr. Maheshwari brings over 15 years of experience in information technology and fintech transformation across NBFC and regulated financial environments.

Key Financial Ratios and Capital Adequacy

The company maintains strong financial health with robust capital adequacy ratios and operational efficiency indicators:

The company operates as a Middle Layer NBFC under the Reserve Bank of India's Master Direction framework and maintains adequate asset cover for its listed non-convertible debentures. Laxmi India Finance successfully completed its Initial Public Offer in August 2025, raising ₹165.17 crores through fresh issue of equity shares.

Laxmi India Finance Limited has announced the reaffirmation of its credit rating by Acuité Ratings & Research Limited for Non-Convertible Debentures. The rating agency has maintained the ACUITE A- rating with a positive outlook, reflecting the company's stable credit profile and financial standing.

Credit Rating Details

The rating reaffirmation covers multiple debt instruments with specific allocations across different categories. The comprehensive rating action was completed on February 04, 2026, with verification conducted on the same date.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30, 55 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was submitted to both BSE Limited and National Stock Exchange of India Limited on February 05, 2026.

Rating Agency Communication

Acuité Ratings & Research Limited has issued comprehensive rating revalidation letters with specific validity periods. The rating letters contain important compliance requirements and guidelines for the company's ongoing obligations.

Key compliance requirements include:

• Monthly submission of 'No Default Statement' on the first working day
• Immediate notification of NCD issuances within 7 days
• Regular monitoring and surveillance processes

Corporate Structure

The rating covers Laxmi India Finance Limited, formerly known as Laxmi India Finance Private Limited. The company is headquartered at 2, DFL Tower, Gopinath Marg, MI Road, Jaipur 302001, Rajasthan. The rating reaffirmation demonstrates the company's maintained creditworthiness and operational stability in the financial services sector.

The positive outlook indicates Acuité Ratings' expectation of continued stable performance and potential for improvement in the company's credit profile over the rating horizon.