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Laxmi India Finance Receives 'ACUITE A-' Rating with Positive Outlook for Rs 1,576 Cr Facilities
Acuité Ratings & Research has reaffirmed the credit rating of 'ACUITE A-' for Laxmi India Finance Limited's existing bank loans and Non-Convertible Debentures. Furthermore, the agency assigned the same rating to new bank loans worth Rs 450 crore, bringing the total rated bank facilities to Rs 1,576.86 crore. Crucially, the 'Positive' outlook has been maintained, suggesting a potential for a rating upgrade in the medium term. This rating covers a diversified lender base including major PSU banks, private banks, and small finance banks.
Key Highlights
Acuité reaffirmed 'ACUITE A-' rating for bank loans worth Rs 1,126.86 crore
Assigned a new 'ACUITE A-' rating for additional bank loans worth Rs 450 crore
Maintained a 'Positive' outlook for all rated instruments including NCDs
Total bank loan facilities covered under this rating action amount to Rs 1,576.86 crore
The rating involves a wide consortium of lenders including SBI, Bank of Baroda, and Canara Bank
💼 Action for Investors
The 'Positive' outlook is a significant indicator of improving credit strength, which may lead to lower borrowing costs for the company. Investors should view this as a sign of financial stability and potential for future rating upgrades.
Laxmi India Finance Reports ₹1,451 Cr AUM and Targets 30% Growth in Investor Session
Laxmi India Finance Limited (LAXMIINDIA) shared its Q3 FY26 performance and strategic outlook during a recent investor interaction. The company reported an AUM of ₹1,451 crore and a 9-month PAT of ₹29 crore, achieving an RoA of 2.53%. Management is focused on secured MSME lending, which makes up over 83% of the portfolio, and aims for a 30% AUM growth rate. The company plans to improve its RoA to 3.5%-3.75% by optimizing leverage and maintaining its tech-enabled high-touch assessment model.
Key Highlights
AUM grew to ₹1,451 crore with a 9-month PAT of ₹29 crore and RoNW of 11% as of December 2025.
Secured MSME/SME loans constitute 83-84% of the portfolio with a conservative 42% average LTV.
Asset quality remains stable with Gross NPA at 2.4% and Net NPA at 1.4%.
Management targets 30% AUM growth and an improved RoA target of 3.5% to 3.75%.
Operational footprint includes 170 branches primarily across Rajasthan, Gujarat, and Madhya Pradesh.
💼 Action for Investors
Investors should monitor the company's ability to scale its MSME book while maintaining asset quality in the NIP segment. The target RoA expansion suggests potential for significant bottom-line growth if leverage is optimized.
Laxmi India Finance Q3 FY26: PAT Grows 36% to ₹29.1 Cr; AUM Hits ₹1,451 Cr
Laxmi India Finance reported a robust 36.01% YoY growth in Profit After Tax (PAT) to ₹29.10 Cr for 9M FY26, despite accounting for ₹2.55 Cr in IPO expenses. Assets Under Management (AUM) expanded by 21.11% YoY to ₹1,451.10 Cr, supported by a network of 170 branches. Net Interest Margins (NIM) showed significant improvement, rising to 10.82% from 9.53% a year ago. However, asset quality deteriorated with Gross NPA rising to 2.40% from 0.97% YoY, primarily due to financial stress encountered by a Direct Assignment (DA) partner.
Key Highlights
9M FY26 Net Interest Income (NII) surged 43.51% YoY to ₹109.67 Cr.
AUM reached ₹1,451.10 Cr with a customer base of 40,837 across 5 states.
Net Interest Margin (NIM) expanded to 10.82% while Cost of Borrowing decreased to 10.94%.
Gross NPA increased to 2.40% and Net NPA to 1.24% due to DA partner-related stress.
Capital Adequacy Ratio (CRAR) remains strong at 28.40% with a Net Worth of ₹445.17 Cr.
💼 Action for Investors
Investors should weigh the strong operational growth and NIM expansion against the sudden spike in NPAs caused by the DA partner issue. Monitor the management's ability to resolve this specific asset quality stress and maintain credit costs in future quarters.
Laxmi India Finance to Raise ₹50 Crore via Private Placement of Secured NCDs
Laxmi India Finance Limited has approved the issuance of 50,000 listed, rated, senior, secured, and redeemable Non-Convertible Debentures (NCDs). The NCDs have a face value of ₹10,000 each, aggregating to a total issue size of ₹50 crore. These instruments will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt segment of the BSE. The issuance is secured by a first and exclusive charge on identified receivables of the company.
Key Highlights
Issuance of 50,000 NCDs with a face value of ₹10,000 each.
Total fundraising amount aggregates up to ₹50,00,00,000 (₹50 Crores).
NCDs are senior, secured, and will be listed on the BSE Wholesale Debt segment.
The debt is secured by a first and exclusive charge on identified receivables via hypothecation.
The issuance was approved by the Business Operation Committee on February 12, 2026.
💼 Action for Investors
Investors should view this as a positive step for the NBFC to secure capital for its lending operations. Monitor the company's future interest coverage ratio and loan book growth following this infusion.
Laxmi India Finance Q3 FY26: PAT Grows 36% to ₹29.1 Cr, AUM Reaches ₹1,451 Cr
Laxmi India Finance Limited reported a robust performance for 9M FY26, with Profit After Tax (PAT) rising 36% YoY to ₹29.10 crore. Net Interest Income (NII) saw a significant jump of 43.5% to ₹109.67 crore, driven by a 21% growth in Assets Under Management (AUM) to ₹1,451.10 crore. The company's capital position has strengthened remarkably, with Net Worth increasing 83% to ₹445.17 crore and CRAR improving to 28.40%. Asset quality remains stable with a Gross NPA of 2.40% and Net NPA of 1.24%.
Key Highlights
9M FY26 PAT increased by 36.01% YoY to ₹29.10 crore; NII grew by 43.51% to ₹109.67 crore.
Assets Under Management (AUM) grew 21.11% YoY to ₹1,451.10 crore with a branch network of 170.
Net Interest Margin (NIM) expanded to 10.82% compared to 9.53% in 9M FY25.
Average Cost of Borrowing (COB) decreased to 10.94% from 11.58% in the previous year.
Capital Adequacy Ratio (CRAR) stands strong at 28.40% with a significantly improved Debt-Equity ratio of 2.69.
💼 Action for Investors
Investors should monitor the company's ability to maintain its NIM expansion and asset quality as it scales its branch network. The significant capital buffer and declining cost of borrowing provide a strong foundation for sustained growth.
Laxmi India Q3 PAT Surges 64% YoY to ₹10.04 Cr; AUM Up 21% Amid One-Time Asset Stress
Laxmi India Finance reported a robust 64.32% YoY increase in Q3 PAT to ₹10.04 crore, supported by a 21.11% growth in AUM to ₹1,451.10 crore. Operational efficiency improved as the cost of borrowing fell to 10.94% while yields rose to 21.76%. However, asset quality was temporarily hit by a default in a Direct Assignment (DA) loan pool, raising GNPA to 2.40% from a normalized 0.94%. The company's capital position remains strong with a CRAR of 28.40%, providing significant growth headroom.
Key Highlights
Q3 PAT grew 64.32% YoY to ₹10.04 crore; 9M PAT rose 36.04% to ₹29.10 crore
AUM increased 21.11% YoY to ₹1,451.10 crore with Own Book expanding 23.68%
GNPA rose to 2.40% due to DA pool stress; normalized GNPA without this event would be 0.94%
Capital Adequacy Ratio (CRAR) improved significantly to 28.40% from 20.76% YoY
Average Cost of Borrowings declined to 10.94% from 11.58% YoY, improving spreads
💼 Action for Investors
Investors should monitor the resolution of the stressed DA loan pool to ensure it remains an isolated event. The underlying business shows strong growth and margin expansion, making the stock a watch for long-term performance.
Laxmi India Finance Q3 PAT Jumps 63.6% YoY to ₹10.06 Cr; Appoints New CTO
Laxmi India Finance Limited reported a robust performance for the quarter ended December 31, 2025, with Profit After Tax (PAT) surging 63.6% year-on-year to ₹10.06 crore. Total income for the quarter rose to ₹79.82 crore, up from ₹61.74 crore in the corresponding period last year, driven by strong interest income. The company also strengthened its leadership by appointing Mr. Vinod Maheshwari as the Chief Technology Officer. This growth follows the company's successful IPO in August 2025, indicating positive momentum in its lending business.
Key Highlights
Net Profit for Q3 FY26 increased to ₹10.06 crore compared to ₹6.15 crore in Q3 FY25.
Total Revenue from Operations grew 28.8% YoY to ₹78.83 crore from ₹61.19 crore.
Profit Before Tax (PBT) for the quarter stood at ₹13.43 crore, up from ₹7.99 crore YoY.
Nine-month PAT for FY26 reached ₹29.24 crore, a significant rise from ₹21.43 crore in the previous year.
Appointment of Mr. Vinod Maheshwari (formerly VP-IT) as the Chief Technology Officer (CTO).
💼 Action for Investors
Investors should view these results positively as the company shows strong scalability and profit growth post-listing. Monitor the sustainability of interest margins and any impact of the new CTO's digital initiatives on operational efficiency.
Laxmi India Finance Q3 Net Profit Surges 63.6% YoY to ₹10.06 Cr; Appoints New CTO
Laxmi India Finance Limited reported a robust 63.6% year-on-year growth in net profit to ₹10.06 crore for the quarter ended December 31, 2025. Total income for the quarter rose to ₹79.82 crore, up from ₹61.74 crore in the previous year's corresponding quarter. For the nine-month period, the company achieved a net profit of ₹29.24 crore on a total income of ₹226.13 crore. The company also strengthened its leadership by appointing Vinod Maheshwari as the Chief Technology Officer.
Key Highlights
Net Profit for Q3 FY26 increased to ₹1,006.22 lakhs compared to ₹615.10 lakhs in Q3 FY25.
Total Revenue from Operations grew 28.8% YoY to ₹7,883.23 lakhs in the December quarter.
9M FY26 Net Profit reached ₹2,924.13 lakhs, a 36.4% increase over the previous year's nine-month period.
Impairment on financial instruments rose significantly to ₹718.43 lakhs in Q3 FY26 from ₹313.06 lakhs in Q3 FY25.
The company is now categorized under the 'Middle Layer' NBFC framework by the Reserve Bank of India.
💼 Action for Investors
The strong bottom-line growth and revenue expansion post-IPO are positive signals; however, investors should monitor the rising impairment costs. The stock remains a growth play in the NBFC sector with improving management depth.
Laxmi India Finance NCD Rating Reaffirmed at 'ACUITE A-' with Positive Outlook
Acuité Ratings & Research Limited has reaffirmed the credit rating for Laxmi India Finance Limited's Non-Convertible Debentures (NCDs) at 'ACUITE A-'. Significantly, the agency has maintained a 'Positive' outlook, which suggests a potential for a rating upgrade in the near future. The reaffirmation covers multiple tranches of existing and proposed debt instruments totaling Rs. 80 crore. This stability in credit standing reflects the company's consistent financial profile and its ability to service debt obligations.
Key Highlights
Credit rating for Non-Convertible Debentures reaffirmed at 'ACUITE A-'
Rating outlook maintained as 'Positive', indicating potential for future upgrades
Total rated debt instruments aggregate to Rs. 80 crore across existing and proposed NCDs
Specific tranches include Rs. 25 crore, Rs. 15 crore, and a proposed Rs. 40 crore issuance
Rating verification was successfully completed and verified on February 4, 2026
💼 Action for Investors
The 'Positive' outlook is a constructive signal regarding the company's credit health; investors should monitor if this leads to a formal rating upgrade which could reduce borrowing costs. No immediate action is required, but the reaffirmation supports the company's credibility in the debt market.
Laxmi India Finance Shareholders Approve ESOP 2023 Amendments and Large Option Grants
Laxmi India Finance Limited has successfully passed two special resolutions via postal ballot with an overwhelming 99.99% majority. Shareholders approved amendments to the 'Employee Stock Option Scheme – 2023' and authorized the grant of options ranging from 1% to 4% of the issued capital to specific employees within a single financial year. While the promoter group provided the bulk of the support, the move signals a strong focus on long-term management incentives. Investors should note that no institutional investors participated in the voting process.
Key Highlights
Approved grant of ESOPs between 1% and 4% of issued capital to identified employees in a single financial year
Special resolutions passed with 99.9985% votes in favor and only 0.0015% against
Total votes polled represented 59.90% of the company's total 5.22 crore issued shares
Promoter group voted 100% in favor, contributing 3.11 crore votes to the total
Zero participation recorded from Public Institutional Holders in the voting process
💼 Action for Investors
Investors should monitor the future impact of equity dilution as these options are granted and exercised. The approval for up to 4% grant in a single year is significant and reflects aggressive management incentive planning.