Laxmi India Finance Limited has informed the Exchange about Transcript
LAXMIINDIA · price
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Laxmi India Finance held an investor call hosted by Go India Advisors with MD Deepak Baid, CBO Kuldeep Singh Sikarwar, and CTO Piyush Somani. The NBFC currently has AUM of ₹1,451 crore spread across 170+ branches in 5 states (Rajasthan, Gujarat, MP, Chhattisgarh, UP), with plans to enter Maharashtra. Key metrics: 9M FY26 PAT of ₹29 crore, RoNW of 11%, ROA of 2.53%, GNPA 2.4% and Net NPA 1.4%. Management disclosed a one-time Direct Assignment default with Jalandhar-based NBFC 'Up Money' which caused an ₹8-9 crore hit (~₹8 crore more provision pending in Q1); excluding this, ROA would have been 3.31%. Management targets 30% AUM growth, ROA improvement to 3.5-3.75%, and cost of funds reduction of 100-150 bps over 1-2 years aided by an expected rating upgrade. Capital adequacy stands at 28-29%.
Reasonable outlook for shareholders: the elevated NPAs are largely a one-off from a single DA counter-party default and should normalize. The roadmap to lower cost of funds, branch expansion into Maharashtra, and operating leverage from tech-driven cost cuts supports improving profitability over the next 1-2 years, though investors should watch for the remaining ₹8 crore provision in Q1 FY27 and pace of recovery from the Up Money exposure.