shares rose as much as 6 per cent in early trade on Wednesday after the company reported a sharp jump in quarterly profit, signalling a turnaround in performance.
The stock climbed to ₹465 on the NSE before trimming gains to trade at ₹449.90 at 10.07 am, compared with the previous close of ₹439.
The company posted a standalone net profit of ₹254.79 crore for the quarter ended March 2026, up sharply from ₹62.33 crore in the same period last year, reflecting strong earnings momentum.
Operationally, assets under management stood at ₹60,348 crore, with a secured to unsecured on-book mix of 54:46. Net interest income, including fees and other income, rose 78.5 per cent y-o-y to ₹1,276 crore. Net interest margin improved to 9.05 per cent in Q4 FY26 from 8.62 per cent in Q3 FY26, expanding 43 basis points q-o-q.
For the full year FY26, profit after tax stood at ₹541.81 crore, compared with a loss of ₹98.34 crore in FY25, marking a significant recovery in profitability.
The board said it has decided to conserve capital and, accordingly, did not declare any dividend for FY25-26.
Commenting on the performance, Managing Director and CEO Arvind Kapil said the company has reached an inflection point in its growth trajectory, supported by expanding yields and improving operating efficiency.
He noted that incremental net interest margins are strengthening, while lower credit costs and operating leverage are positioning the business for sustained profitability. He added that the company will continue to invest strategically to ensure long-term, durable earnings growth.