Sammaan Capital Reports Rise in Q4 NPAs, Shows Mixed Financial Performance
Sammaan Capital's Q4 financial results show a rise in NPAs, with GNPA increasing to 1.83% from 1.14% QoQ. Despite this, the company reported improved profitability with net profit surging 155.11% QoQ to ₹281.90 crore. Q4 revenue stood at ₹1,905.30 crore, while operating profit increased by 17.31% to ₹1,512.30 crore. The Operating Profit Margin improved to 79.49% from 62.40% in the previous quarter. Annual revenue slightly decreased to ₹8,624.80 crore, but net profit increased by 7.92% YoY to ₹1,217.00 crore.
22Apr 25
Sammaan Capital Surpasses Legacy Loan Collection Target, Amassing ₹15,325 Crore in FY25
Sammaan Capital Limited reported total collections of ₹15,325.00 crore from its legacy loan book in FY25, exceeding targets. Q4 collections reached ₹4,235.00 crore against a ₹4,075.00 crore target. Total recoveries for FY25 stood at ₹2,491.00 crore. The company attributes success to robust real estate market conditions, superior price realization, strong collection traction from written-off pools, and successful sales to ARCs. Sammaan Capital plans to continue selling delinquent loan pools to ARCs to accelerate collections without impacting earnings.
28Mar 25
Sammaan Capital Raises ₹145 Crore Through Secured NCDs at 9.75% Coupon Rate
Sammaan Capital Limited, formerly Indiabulls Housing Finance, has successfully raised ₹145 crore by allotting secured Non-Convertible Debentures (NCDs). The NCDs carry a 9.75% coupon rate with a 3.04-year tenor, maturing on April 12, 2028. Secured by the company's financial and non-financial assets, the NCDs will be listed on NSE and BSE. Interest payments will be made annually, with the final payment alongside principal repayment at maturity.
21Feb 25
Sammaan Capital Launches ₹300 Crore NCD Issue with Attractive Interest Rates
Sammaan Capital Limited (formerly Indiabulls Housing Finance) has launched a public issue of secured, redeemable non-convertible debentures (NCDs) worth ₹300 crore. The base issue size is ₹100 crore with an option to retain oversubscription up to ₹200 crore. The NCDs offer interest rates ranging from 9.25% to 10.75% across various tenures from 24 to 120 months. The issue opens on February 27, 2025, and closes on March 12, 2025. The NCDs have received 'AA' ratings from CRISIL and ICRA, indicating high safety and low credit risk. Some series feature staggered redemption plans. The company aims to raise funds while providing attractive investment options to the public.