Sammaan Capital Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Sammaan Capital (formerly Indiabulls Housing Finance) reported Q1 FY26 consolidated profit after tax of Rs 334.30 crore, up modestly from Rs 326.76 crore a year earlier. Total revenue from operations rose about 9% to Rs 2,400.33 crore, driven largely by interest income and a sharp jump in net gains on derecognition of financial instruments. The company recognized a one-time gain of Rs 661.67 crore (consolidated) from a change in tenure estimation methodology for assignment and co-lending transactions, which flattered earnings. Provisions for impairment on financial instruments spiked nearly 80% YoY to Rs 465.98 crore. Asset quality stayed stable with Gross NPA at 2.07% and Net NPA at 1.20%, while CRAR was a comfortable 29.17% and Liquidity Coverage Ratio at 280%. Total financial indebtedness stood at Rs 41,069.83 crore with a debt-equity ratio of 1.78.
Consolidated EPS came in at Rs 4.10 versus Rs 5.43 in the year-ago quarter, the apparent decline mainly reflecting a larger share base after the rights issue rather than weaker profitability per share. Core operating performance is harder to gauge because the accounting methodology change inflated reported profit, while sharply higher impairment charges suggest some underlying asset-quality stress. Shareholders should note the one-time boost in gains on derecognition when assessing run-rate earnings power.