Announced Tue, 21 Jul · 23:09 IST
Purple Finance Q1 PAT Rs 38.43L; to acquire Saksham Gram Credit as 100% subsidiary
Compliance View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-7.4%1-day move
₹74.50
prior close
₹78.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.8-3.2——-7.4-8.0-3.7———————
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AI summary
Purple Finance reported Q1 FY27 total income of Rs 16.22 crore, up 162.55% YoY, with PAT of Rs 38.43 lakh against a loss in the year-ago quarter. AUM rose to Rs 278 crore, a 116% increase. Board approved in-principle 100% acquisition of Saksham Gram Credit, a business correspondent with 147 branches across 10 states. Combined AUM expected near Rs 850 crore. Company secured Rs 108 crore equity commitments.
Likely market impact
Strong growth and turnaround to profit are positives. Acquisition adds rural reach and scale, supporting the long-term Small Finance Bank ambition.