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Purple Finance, a digital-first NBFC focused on SME lending, reported its first profitable quarter in Q3 FY26 with a net profit of ₹1.22 Lakhs, reversing a loss of ₹163 Lakhs in Q2 FY26. Total income rose 21% quarter-on-quarter to ₹1,338 Lakhs and jumped 255% year-on-year, while Assets Under Management (AUM) grew 20% QoQ to ₹19,596 Lakhs (up 173% YoY). The company operates 44 branches with 435 employees and a diversified loan book of 3,400+ active accounts. During the year, Purple Finance raised ₹40 crore via a Rights Issue (Q2 FY26), ₹39 crore through Share Warrants (Q3 FY26), and listed ₹25 crore of Retail Non-Convertible Debentures on the exchanges in January 2026, strengthening its capital base and funding diversification.
Turning profitable is a positive milestone for shareholders and demonstrates operating leverage as the business scales, though the absolute profit (₹1.22 Lakhs) is still marginal and the company remains in an early growth phase. Aggressive top-line and AUM growth (255% YoY revenue, 173% YoY AUM) and recent capital raises support expansion, but equity dilution from the rights issue and warrants should be weighed by existing shareholders.