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- Q2 FY27 results
Finkurve Financial Services Q2 FY27 results: net profit ₹18.03 crore vs ₹5.92 crore
Finkurve Financial Services Limited reported standalone revenue of ₹165.04 crore and a net profit of ₹18.03 crore for Q2 FY27, against ₹48.05 crore and ₹5.92 crore in Q2 FY26. Profit before tax was ₹24.16 crore and basic EPS was ₹1.29, while total expenses rose to ₹142.05 crore. The company reported no EBITDA or EBITDA margin for the quarter.
Key points
- Revenue was ₹165.04 crore in Q2 FY27, up from ₹48.05 crore in Q2 FY26 and ₹75.10 crore in Q1 FY27.
- Net profit was ₹18.03 crore, compared with ₹5.92 crore in Q2 FY26 and ₹8.44 crore in Q1 FY27.
- Profit before tax was ₹24.16 crore, against ₹7.39 crore in Q2 FY26 and ₹11.21 crore in Q1 FY27.
- Basic EPS was ₹1.29, up from ₹0.42 in Q2 FY26 and ₹0.60 in Q1 FY27.
- Total expenses were ₹142.05 crore, including finance costs of ₹57.29 crore and employee costs of ₹29.96 crore; there was no exceptional item.
How did Finkurve Financial Services perform in Q2 FY27?
Finkurve Financial Services reported standalone revenue of ₹165.04 crore in Q2 FY27, up from ₹48.05 crore in Q2 FY26 and ₹75.10 crore in Q1 FY27. Total income was ₹166.21 crore, against ₹48.14 crore a year earlier and ₹75.82 crore in the previous quarter. The results were reported for the quarter and half year ended 30 September 2026, following review by the statutory auditors.
Profit before tax was ₹24.16 crore, compared with ₹7.39 crore in Q2 FY26 and ₹11.21 crore in Q1 FY27. The company reported a net profit of ₹18.03 crore, against ₹5.92 crore in Q2 FY26 and ₹8.44 crore in Q1 FY27. Basic EPS was ₹1.29, up from ₹0.42 in Q2 FY26 and ₹0.60 in Q1 FY27. EBITDA and EBITDA margin were not reported, and no consolidated figures were provided in the result summary.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 165.04 | 75.10 | 48.05 | +243.5% | +119.8% |
| Other income | 1.18 | 0.72 | 0.09 | +1211.1% | +63.9% |
| Total expenses | 142.05 | 64.62 | 40.75 | +248.6% | +119.8% |
| Profit before tax | 24.16 | 11.21 | 7.39 | +226.9% | +115.5% |
| Tax | 6.12 | 2.77 | 1.47 | +316.3% | +120.9% |
| Net profit | 18.03 | 8.44 | 5.92 | +204.6% | +113.6% |
| EPS (₹) | 1.29 | 0.60 | 0.42 | +207.1% | +115.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Finkurve Financial Services' costs and profit?
Total expenses increased to ₹142.05 crore in Q2 FY27 from ₹40.75 crore in Q2 FY26. Finance costs were the largest expense at ₹57.29 crore, up ₹48.93 crore, while employee costs rose ₹25.50 crore to ₹29.96 crore. Other expenses increased ₹2.02 crore to ₹7.48 crore, and depreciation and amortisation rose ₹1.55 crore to ₹2.30 crore. Other income was ₹1.18 crore, up ₹1.09 crore, and there was no exceptional item.
The quarter’s tax expense was ₹6.12 crore, up ₹4.65 crore from Q2 FY26 and ₹3.35 crore from Q1 FY27. The filing also reported impairment or reversal of impairment on financial instruments of ₹174.41 lakh for Q2 FY27, compared with ₹20.38 lakh in Q1 FY27 and ₹526.57 lakh in Q2 FY26. Profit before tax rose ₹16.77 crore from the year-ago quarter, while net profit rose ₹12.11 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 29.96 | 4.46 | +25.50 | +571.7% |
| Finance costs | 57.29 | 8.36 | +48.93 | +585.3% |
| Depreciation | 2.30 | 0.75 | +1.55 | +206.7% |
| Other expenses | 7.48 | 5.46 | +2.02 | +37.0% |
| Total expenses | 142.05 | 40.75 | +101.30 | +248.6% |
| Other income | 1.18 | 0.09 | +1.09 | +1211.1% |
| Tax | 6.12 | 1.47 | +4.65 | +316.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets were ₹1,361.52 crore at 30 September 2026, against ₹1,233.04 crore at 31 March 2026. Total equity was ₹364.52 crore, compared with ₹344.90 crore at the previous balance sheet date, while cash was ₹84.24 crore against ₹102.12 crore. Borrowings were not reported in the balance sheet figures provided.
For H1 FY27, operating cash flow was negative ₹47.23 crore, compared with negative ₹206.35 crore in H1 FY26. Investing cash flow was ₹0.70 crore against negative ₹2.80 crore, and financing cash flow was ₹30.04 crore against ₹232.32 crore. Capital expenditure was negative ₹119.21 crore in H1 FY27, compared with ₹2.88 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,362 | 1,233 |
| Total equity | 364.52 | 344.90 |
| Cash and equivalents | 84.24 | 102.12 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −47.23 | −206.35 |
| Cash from investing | 0.70 | −2.80 |
| Cash from financing | 30.04 | 232.32 |
| Capital expenditure | −119.21 | 2.88 |
Source: Company's results filing (XBRL).
How has Finkurve Financial Services done over the last 8 quarters?
Revenue rose in each of the last eight quarters on a year-on-year basis, and profit rose year on year in each of the last six quarters. Revenue reached ₹165.04 crore in Q2 FY27, compared with ₹40.00 crore in Q3 FY25 and ₹48.05 crore in Q2 FY26. The trend provided does not include EBITDA margins, so no quarterly peak or bottom for that measure can be stated.
Net profit increased to ₹18.03 crore in Q2 FY27 from ₹3.91 crore in Q4 FY25 and ₹5.92 crore in Q2 FY26. The preceding sequence moved from ₹5.09 crore in Q1 FY26 to ₹6.98 crore in Q3 FY26, ₹8.04 crore in Q4 FY26 and ₹8.44 crore in Q1 FY27 before the latest quarter’s increase. The latest quarter was the highest profit point shown in the trend data.
What else did the company announce?
The Board approved the unaudited financial results for the quarter and half year ended 30 September 2026, along with the limited review report, and approved the adoption of a change of brand name from ‘ARVOG’ to ‘AUGMONT’. The Board also approved statements on the utilisation of issue proceeds and any deviation or variation in their use for the preferential issue of equity shares and share warrants, and for non-convertible securities.
CRISIL Ratings’ monitoring-agency report recorded no proceeds deviation and stated that no proceeds were utilised during the reported quarter. It said the issue proceeds had been revised from ₹157.11 crore to ₹141.50 crore because of undersubscription. The filing also referred to a pending ₹30 crore warrant balance and noted that warrants had been issued at ₹65.47 per share, compared with a market price of ₹62 as on 29 October 2026.
What did Finkurve Financial Services' management say?
In the investor presentation for the 5 November 2026 analyst and institutional investor meet, management said the company’s AUM was ₹1,312 crore across 122 branches, with retail gold loans making up 96% of the loan book. Management set a strategic target for co-lending to contribute up to 30% of AUM over the next few years, and said its standardised, technology-led model could roll out a new branch in 30–45 days from planning to launch.
Management’s stated priorities included a retail-first transformation into gold-backed lending, branch expansion in underpenetrated Tier-2 and Tier-3 markets, digitised origination and servicing, and centralised risk controls. The presentation also identified weaker asset quality: NNPA rose to 2.37% from 0.89% year on year, GNPA rose to 2.63% from 1.13%, collection efficiency fell to 90.1% from 98.0% in Q1 FY27, and the gold-loan LTV ratio increased to 80.4% from 64.4%. Management also said debt-to-equity was 2.53x, compared with 1.15x in Q2 FY26.
How did other Non Banking Financial Company (NBFC) companies do?
Among 92 NBFC peers compared for the quarter, the median revenue growth was 23.4%. Eight peers grew revenue faster than Finkurve Financial Services, while 84 peers grew revenue more slowly, so Finkurve’s revenue growth was above the peer median. Of 105 peers for which profit was compared, 70 reported higher profit.
| Finkurve Financial Services revenue growth (YoY) | +243.5% |
|---|---|
| Median of 92 other Non Banking Financial Company (NBFC) companies | +23.4% |
| Companies with slower revenue growth than Finkurve Financial Services | 84 of 92 |
| Companies with faster revenue growth than Finkurve Financial Services | 8 of 92 |
| Companies whose net profit rose | 70 of 105 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Finkurve Financial Services' revenue in Q2 FY27?
Revenue from operations was ₹165.04 crore, up 243.5% from ₹48.05 crore in Q2 FY26 (standalone).
Did Finkurve Financial Services make a profit in Q2 FY27?
Yes. Net profit was ₹18.03 crore, against a net profit of ₹5.92 crore in Q2 FY26.
What was Finkurve Financial Services' EPS in Q2 FY27?
Basic earnings per share were ₹1.29, against ₹0.42 in Q2 FY26.
When did Finkurve Financial Services announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation Of Board Meeting Under Regulations 29 And 50 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015: (BSE, 28 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On November 5, 2026 (BSE, 5 November 2026) · PDF
- The investor presentation (5 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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