Sammaan Capital Limited has informed the Exchange about Transcript
SAMMAANCAP · price
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Sammaan Capital Limited reported Q1 FY26 results with net worth of INR 22,106 crores, total AUM of INR 62,378 crores, and growth AUM rising to INR 38,897 crores (64% of total) from INR 37,452 crores in Q4. Net interest income stood at INR 1,213 crores, pre-provision operating profit at INR 934 crores, and profit after tax at INR 334 crores, with gross NPAs stable at 1.5% and net NPAs at 0.8%. The company highlighted its asset-light co-lending model, now working with 24 bank partners, and welcomed the RBI's revised co-lending guidelines that reduce the minimum retention ratio from 20% to 10%. Management guided to annualized credit costs of 100 basis points, legacy book run-down of INR 6,000-7,000 crores in H1 FY26, and a target ROE of low-teens by FY27. The company also plans to induct a strategic equity partner into subsidiary Sammaan Finserve within 9 months, alongside appointing a Deputy CEO within 3 weeks.
Stable asset quality and steady AUM growth signal operational health, but the company is in a transition phase with significant legacy book run-down. The strategic equity infusion into Sammaan Finserve and digitization push could be positive for long-term valuations, though near-term earnings growth may remain modest as capital is being redeployed rather than returned to shareholders.