Niyogin Fintech Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a significant turnaround to profitability on standalone basis. The fintech company's Board of Directors approved the results at their meeting held on February 11, 2026.

Standalone Financial Performance

The company delivered strong standalone results with notable improvements across key metrics:

The company's revenue from operations grew 27.35% year-on-year to ₹2,562.27 lakhs, primarily driven by increased interest income of ₹2,111.22 lakhs and fees and commission income of ₹422.45 lakhs. Total income reached ₹3,388.91 lakhs, including other income of ₹826.64 lakhs.

Nine Months Performance

For the nine months ended December 31, 2025, the standalone business showed continued improvement:

Consolidated Results

On a consolidated basis, the company reported mixed performance for Q3FY26:

The consolidated results included an exceptional item of ₹77.46 lakhs related to incremental impact from new Labour Codes notified by the Government of India on November 21, 2025.

Asset Quality and Financial Ratios

The company maintained strong financial health indicators:

The company's asset quality showed improvement with gross non-performing assets declining to 6.87% from 9.10% in the previous year. Net worth increased significantly to ₹35,876.62 lakhs.

Business Segments

The consolidated business operates across two main segments:

• Financing Related Activities: Generated revenue of ₹3,647.89 lakhs in Q3FY26
• Technology Related Activities: Contributed ₹4,451.27 lakhs in revenue

For the nine months period, financing activities generated ₹12,117.71 lakhs while technology activities contributed ₹12,223.05 lakhs.

Corporate Developments

During the quarter, the company granted 60,000 stock options under the NFL Employee Stock Option Plan 2018. The wholly-owned subsidiary Niyogin Finserv Limited was incorporated on January 28, 2025, following board approval of a composite scheme of arrangement.

The company maintains sufficient asset cover for its non-convertible debentures, with all debentures fully secured by exclusive charge on receivables. The debt-equity ratio stood at 0.31 times for standalone operations.

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Niyogin Fintech Limited has released its business update for the third quarter of FY26, ended December 31, 2025, showcasing a mixed performance across its key business segments. The fintech platform reported resilient execution in its core operations while maintaining a strategic focus on disciplined growth and portfolio quality.

Financial Performance Overview

The company's financial metrics for Q3 FY26 demonstrate varying trends across different business lines:

The Gross Loan Assets Under Management (AUM) reached ₹321.10 crores, reflecting a robust 33% year-on-year growth from the corresponding quarter of the previous fiscal year. However, the AUM experienced a 6% decline from the previous quarter, indicating a more cautious approach to lending activities.

iServeU Tech Division Performance

The iServeU Tech division emerged as a standout performer during the quarter, delivering exceptional growth momentum. The division's net revenue of ₹19.50 crores represents a remarkable 91% year-on-year increase, nearly doubling from the ₹10.20 crores recorded in Q3 FY25. The quarter-on-quarter performance also remained positive with a 13% growth from ₹17.20 crores in Q2 FY26.

A significant highlight for the division is its expanding order book, which now stands at ₹620 crores, indicating strong future revenue visibility and business prospects.

Management Commentary and Strategic Direction

Tashwinder Singh, CEO and Managing Director, emphasized the company's balanced approach during the quarter. The management adopted a more cautious stance toward loan disbursements, particularly in select unsecured lending segments, while simultaneously working on new partnerships to drive scaling opportunities in upcoming quarters.

The company's strategy reflects a focus on three key areas:

• Disciplined profitable growth across business segments
• Maintaining high portfolio quality standards
• Long-term value creation for stakeholders

Business Model and Market Position

Niyogin Fintech operates as a B2B technology-centric platform serving India's underserved MSME segment. The company delivers Banking as a Service (BaaS) platforms and credit solutions across both rural and urban markets through strategic partnerships with Business Correspondents, Banks, and Neobanks/Fintechs. Additionally, it provides credit and financial services through its network of Financial Professionals and Chartered Accountants.

The company's provisional financial figures are subject to approval by the Audit Committee, Board of Directors, and Statutory Auditors, as disclosed in the regulatory filing under SEBI Listing Regulations.