Laxmi India Finance Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Laxmi India Finance reported Q1 FY27 assets under management of Rs 1,721.7 crore, up 28% year-on-year, with net interest income rising 39% to Rs 47.1 crore and profit after tax growing 70% to Rs 16.4 crore. Management attributed the margin improvement to a decline in the average cost of borrowing to 10.66%, even as portfolio yield stayed broadly stable. The company also reported gross NPA of 2.08% and net NPA of 0.93%, both improved sequentially, while flagging higher credit cost in the vehicle financing portfolio.
Laxmi India Finance reported AUM growth of over 27% year-on-year to Rs 1,626 crores for FY26, with net interest income up nearly 39% to Rs 161 crores and profit after tax up over 38% to Rs 49.7 crores. Management attributed the improvement to portfolio growth, better pricing discipline, and a reduced cost of borrowing which fell to 10.8% from 11.48% in FY25. The company also discussed a credit rating upgrade, an increase in net worth following its August 2025 IPO, and a provision made against a one-off exposure related to Up Money.