The transcript in regard to Investors/Analysts earnings call held on May 21, 2026 is enclosed herewith.
FINKURVE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Finkurve Financial Services reported strong Q4 & FY26 results, with AUM crossing INR 1,000 crore (up 149% YoY to INR 1,096 crore) and PAT growing 105%. The company added 32 branches taking the total to 105, while maintaining industry-low NPAs (gross NPA 0.13%, net NPA 0.09%). Management highlighted credit rating upgrades from BBB to BBB+, new co-lending partnerships with Godrej and RBL Bank, and transition to middle-layer NBFC status. The company aims to grow AUM by 40-50% YoY with a target of INR 5,000 crore by 2029, and achieve ROE of 17-18% and ROA of 3.5-4% over a 3-5 year horizon. No immediate equity raise is planned as CRAR remains strong at 31% with comfortable leverage room. Cross-sell initiatives through the Arvog Wellness program are in early stages with over 150 policies issued.
The company demonstrated strong execution with disciplined growth, low NPAs, and improving credit profile. The multi-year targets and clear roadmap for AUM growth to INR 5,000 crore, combined with comfortable capital position and diversifying funding sources, are positive signals for shareholders. However, near-term ROE of 7.8% remains below longer-term targets, and investors should monitor margin stability as macro conditions tighten.