Mantra Capital Limited (formerly Savani Financials Limited) announced its unaudited financial results for Q3FY26 alongside significant business milestones, revealing a mixed performance with substantial revenue growth offset by increased losses. The BSE-listed, RBI-regulated NBFC has achieved remarkable operational expansion while implementing strategic capital restructuring initiatives.

Financial Performance Overview

The company reported a net loss of Rs. 306.01 lakhs for Q3FY26, representing a 59.23% increase from the loss of Rs. 192.20 lakhs recorded in Q3FY25. Despite the widening losses, revenue performance showed exceptional growth with total revenue surging 524.61% year-on-year.

Business Growth and Operational Milestones

Mantra Capital achieved significant operational milestones during the quarter, crossing the Rs. 100 crore Assets Under Management (AUM) threshold. The company's quarterly AUM progression demonstrates consistent growth trajectory across recent quarters.

The company operates across four key markets with 18 branches: Karnataka (6 branches), Andhra Pradesh (6 branches), Telangana (5 branches), and Delhi NCR (1 branch). The employee base has grown to 176 personnel, with 107 direct customer-facing team members as of Q3FY26.

Revenue Components and Strategic Partnerships

Interest income surged to Rs. 422.04 lakhs from Rs. 30.06 lakhs year-on-year, while fees and commission income increased to Rs. 37.76 lakhs from Rs. 8.66 lakhs. The company has established 11 strategic partnerships, including tie-ups with Mahindra, OSM, Greaves, and institutional partnerships with AU Small Finance Bank.

Capital Restructuring Initiatives

The Board approved comprehensive capital initiatives to support business expansion, including authorized capital increase from Rs. 38 crores to Rs. 50 crores and preferential allotment worth Rs. 18.65 crores.

Product Portfolio and Market Focus

Mantra Capital specializes in secured lending solutions, maintaining a 100% secured loan portfolio focused on green loans and business loans for India's entrepreneur-led businesses. The company targets general trade and the logistics & mobility economy across high-potential markets in South India and Delhi NCR. The valuation for securities issuance was conducted by registered valuer Mr. Anurag Singal, with all proposed initiatives subject to member approval and statutory requirements.

Mantra Capital Limited (formerly Savani Financials Limited) has reached a significant milestone by crossing ₹100 crore in Assets Under Management (AUM), as announced in a media release dated January 28, 2026. The BSE-listed, RBI-regulated Non-Banking Financial Company (NBFC) filed this achievement under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Milestone Achievement Details

The company's achievement of ₹100 crore in AUM represents a significant growth milestone in its journey as an NBFC focused on empowering entrepreneur-led businesses. This milestone reflects the company's strategic focus on providing access to finance for small and emerging entrepreneurs, particularly across South India.

Management Commentary

Deeptal Tracy, Managing Director of Mantra Capital, emphasized the significance of this achievement: "Crossing ₹100 crore in AUM is a meaningful moment for all of us at Mantra Capital. It reinforces our belief that thoughtful credit design, strong governance, and a people-first approach can create scalable and responsible growth. We remain focused on building a resilient institution that supports entrepreneurs while creating long-term value for all stakeholders."

Jatinder Mohan Singh Shah, Chief Executive Officer, highlighted the strategic approach behind this growth: "This milestone represents more than a number. It reflects the trust placed in us by our partners, investors, and the thousands of entrepreneurs we support. Our growth has been driven by a clear strategy — focusing on the right markets, the right products, and building a strong on-ground team backed by data and technology."

Business Strategy and Focus Areas

Mantra Capital's portfolio is anchored in income-generating credit solutions that support sustainable livelihoods and promote the adoption of green mobility. The company's growth strategy encompasses several key elements:

• Regional Focus: Deep concentration on South India markets with expansion into Delhi NCR
• Sector Specialization: General trade and logistics & mobility economy
• Risk Management: Risk-calibrated underwriting processes
• Technology Integration: Data and technology-backed operations
• Sustainability Focus: Climate-positive outcomes through green mobility financing

Company Background

Mantra Capital Limited, formerly known as Savani Financials Limited, operates as a BSE-listed NBFC under RBI regulation. The company is headquartered in Mumbai and focuses on building access to credit for India's entrepreneur-led businesses. The organization designs sharp, risk-calibrated financial solutions specifically tailored for general trade and the expanding logistics and mobility sectors.

The company continues to strengthen its institutional foundations, technology stack, and governance framework to support its next phase of growth, building on the disciplined execution and regional expertise that enabled this AUM milestone.