Please find enclosed herewith the Business Update for Q3 FY2026
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Niyogin Fintech reported its Q3 FY2026 business update with Gross Loan AUM at Rs. 321.1 Cr, up 33% year-on-year but down 6% from the previous quarter. The company mentioned adopting a cautious stance on unsecured lending disbursements amid evolving market conditions. Its iServeU Tech subsidiary continued strong momentum with Net Revenue of Rs. 19.5 Cr, up 91% year-on-year and 13% sequentially. The iServeU Tech order book has expanded to Rs. 620 Cr. All numbers are provisional pending audit committee and board approval.
Mixed signals for shareholders: strong YoY growth in both AUM and iServeU revenue is positive, but the QoQ decline in loan AUM and cautious lending stance may temper near-term growth expectations. The substantial Rs. 620 Cr order book at iServeU provides visibility on future revenue.