Laxmi India Finance Limited has delivered robust financial performance for Q3FY26, reporting significant growth across key metrics. The company filed its comprehensive investor presentation under reference number LIFL/SLC/2025-26/49 on February 17, 2026, showcasing strong operational and financial achievements.

Financial Performance Highlights

The company demonstrated exceptional growth momentum with net profit surging 63.59% year-on-year to ₹10.06 crores in Q3FY26. Interest income grew by 24.32% to ₹71.99 crores, while net interest income expanded by 38.10% to ₹37.95 crores compared to the same quarter last year.

Operational Growth and Market Expansion

The company's Assets Under Management (AUM) crossed ₹1,450 crores, supported by a robust branch network of 170+ touchpoints across five states. The customer base expanded significantly, serving 40,800+ customers through diversified product offerings including secured MSME loans, vehicle financing, and business loans.

Strategic Focus and Technology Integration

Laxmi India Finance operates with over 110 technology tools including tablet-based Loan Origination System and Synofin LMS/LOS, enabling reduced turnaround times and enhanced customer experience. The company targets a Return on Assets of 3.50% to 3.75% and Return on Equity of 13.50% to 14.00% through operating leverage optimization.

Asset Quality and Risk Management

During the quarter, the company faced some challenges with a distribution associate partner encountering financial stress, resulting in Gross NPA increasing to 2.40% and Net NPA to 1.24%. The company maintains conservative credit practices with collateral-backed lending and prudent provisioning aligned with RBI ECL framework.

Leadership and Governance

The company operates under experienced leadership with the management team averaging over 10 years of NBFC experience. Key positions include Managing Director Mr. Deepak Baid, Chief Financial Officer Mr. Gopal Krishan Sain, and Chief Treasury Officer Mr. Piyush Somani, supported by a strong governance framework.

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.