Earnings release for the Quarter 1 of FY 2025-26
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Aastamangalam Finance Ltd, a Chennai-based NBFC focused on unsecured corporate lending (especially real estate and construction), reported strong Q1 FY26 results. The loan book reached approximately INR 114 crore as of June 30, 2025, growing from just INR 1 crore in 2016 — a CAGR of over 70% since the Jain family took over in 2017. Asset quality remains excellent with Gross NPA at 1.57% and Net NPA at 0%. Net Total Income for Q1 FY26 stood at INR 413.94 lakhs versus INR 231.53 lakhs in Q1 FY25, while Profit After Tax rose to INR 298.68 lakhs from INR 167.26 lakhs. The company recently raised INR 28 crore via a rights issue to fund further loan growth, and maintains healthy spreads (lending at ~12% vs borrowing at 4.5-7.5%).
The sharp jump in profitability and zero Net NPA signal strong operational momentum, while the fresh capital infusion supports future loan book expansion. For shareholders, this indicates a healthy, growing NBFC with disciplined underwriting, though the heavy concentration in construction lending (55%+) remains a key risk to monitor.