Apollo Finvest Posts Strong Q1 FY27 Results, Plans Rs 100 Crore NCD Raise

Net profit for Q1 FY27 Rs 3.35 crore; Revenue from operations Rs 8.47 crore.

Reader Takeaway: Strong profit growth and capital raise plans signal expansion, while auditor change appears routine.

What just happened

Apollo Finvest India Ltd announced its financial results for the quarter ended June 30, 2026 (Q1 FY27). The company reported a net profit of Rs 3.35 crore, a significant increase of 45% compared to Rs 2.31 crore in the same quarter last fiscal year (Q1 FY26). Revenue from operations also saw substantial growth, rising to Rs 8.47 crore from Rs 5.21 crore in Q1 FY26.

Additionally, the company's Board approved a proposal to borrow up to Rs 100 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. These NCDs will have a redemption period of three years, with an option for early redemption.

The company also announced a change in its secretarial auditor. M/s. SGGS & Associates resigned due to a disagreement in commercial arrangements, and M/s. Pranay D. Vaidya and Co. have been appointed as the new secretarial auditors for a five-year term, subject to shareholder approval at the upcoming 40th Annual General Meeting (AGM).

Why this matters

The robust profit growth indicates improved operational efficiency and expanding business. The planned NCD issuance suggests the company is seeking funds for expansion, strategic initiatives, or to strengthen its capital base, which could fuel future growth. The change in secretarial auditor, attributed to commercial differences, is a routine corporate event, but the new appointment will require shareholder ratification.

The backstory

Apollo Finvest India operates in the financial services sector, primarily focusing on lending and related activities. The company has been working on growing its loan portfolio and co-lending partnerships. The current results and the proposed NCD issuance are part of its ongoing strategy to scale operations and manage its funding requirements effectively.

What changes now

With the Board's approval, Apollo Finvest can now proceed with the process of issuing NCDs to raise capital, subject to market conditions and regulatory compliances. The appointment of the new secretarial auditor will be formally confirmed at the AGM. This change ensures continued compliance with secretarial audit requirements.

Risks to watch

While the financial performance is positive, investors should watch the terms and interest rates on the proposed NCD issuance. The company's ability to effectively deploy the raised capital for growth and maintain profitability will be crucial. The co-lending arrangement's high weighted average interest rate of 39% warrants scrutiny regarding its sustainability and risk.

Peer comparison

Information on specific peers and their comparable Q1 FY27 results is not available in the filing. However, generally, financial services companies focused on lending aim for steady revenue growth and healthy profit margins. Apollo Finvest's revenue growth of over 60% and profit growth of 45% appear strong within the sector, though a direct comparison would require specific peer data.

Context metrics

For Q1 FY27, Apollo Finvest reported Revenue from Operations of Rs 8.47 crore and Net Profit of Rs 3.35 crore. Earnings Per Share (EPS) stood at Rs 8.99. In its co-lending operations as Partner RE, the company reported 14,978 disbursements totaling Rs 45.63 crore, with a weighted average interest rate of 39.00%.

What to track next

Investors will be keen to observe the successful completion of the Rs 100 crore NCD issuance and how the company plans to utilize these funds. Performance in subsequent quarters, especially regarding the growth in revenue and profitability, and the effective management of its co-lending portfolio will be key indicators to monitor.