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Laxmi India Finance Reports Strong FY26 Results
Laxmi India Finance Ltd announced strong results for the financial year ended March 31, 2026. The company’s Assets Under Management (AUM) grew 27.34% year-on-year, reaching approximately ₹1,626.26 crore.
Disbursements also saw a healthy increase of 14.32% to ₹821.43 crore. The customer base expanded by 20.35% year-on-year, showing strong market penetration.
The company's credit rating was upgraded by Acuite Ratings & Research to ‘ACUITE A (Stable)'.
The cost of funds improved to 10.80% in FY26 from 11.48% in FY25, thanks to new credit lines from financial institutions. The employee base grew to 1,805.
Impact of Performance
The substantial AUM growth shows Laxmi India Finance's lending business is expanding, a key indicator for an NBFC. An improved cost of funds directly leads to better net interest margins and profitability.
The credit rating upgrade by Acuite Ratings & Research enhances the company's financial credibility, which could lead to easier and cheaper access to future borrowing.
Geographic expansion into Maharashtra, increasing the branch network to 176 across 6 states, shows a strategy to broaden market reach and customer acquisition.
Credit Profile Strengthened
Laxmi India Finance's credit standing improved with its recent upgrade to ‘ACUITE A (Stable)' from ‘ACUITE A- (Positive)' by Acuite Ratings & Research. This rating upgrade signals improved financial stability and a stronger market position for the company.
Outlook for Stakeholders
For shareholders, the company's strengthened financial metrics and improved credit standing indicate a positive future.
Enhanced borrowing capacity at potentially lower rates can fund growth plans.
The expansion into new states and increased branch network sets the stage for continued customer acquisition.
Key Risks
The reported financial information is provisional and subject to review and finalization by the company's Statutory Auditors.
Compared to Peers
Compared to peers like Aptus Value Housing Finance India Ltd, Laxmi India Finance demonstrated strong AUM growth. While Aptus reported about 31% year-on-year AUM growth in Q3 FY26 on its larger portfolio of ₹6,780 crore, Laxmi India's 27.34% growth on its FY26 AUM of ₹1,626.26 crore is a significant achievement.
Key Metrics
- Assets Under Management (AUM) stood at ₹1,626.26 crore for FY26 on a consolidated basis.
- Disbursements for FY26 reached ₹821.43 crore, consolidated.
- The cost of funds for FY26 was 10.80% (Consolidated), down from 11.48% in FY25.
Investor Focus Areas
Investors will watch the finalization of the provisional financial results by the Statutory Auditors.
Monitoring the performance and integration of operations in the newly entered Maharashtra market will be important.
Continued growth in AUM and disbursements, along with sustained low funding costs, will be key performance indicators.
The long-term effects of the credit rating upgrade on borrowing costs and capital access will be closely observed.