Laxmi India Finance Ltd

AR 2025-26 publication

• Annual Report for FY 2025-26 and 29th AGM notice published online.
• Available on company site and BSE/NSE portals for shareholders and debenture holders.
• Email addresses not registered; link and QR code provided for access.
• Web-Link: lifc.co.in/uploads/Annual Report 2025-26.pdf.
• Path to access: Home > Investors > Annual Report > 2025-2026.
• Physical copies available on request via investors@lifc.in.
• Shareholders/debenture holders urged to register email with DP/RTA for future communications.
• No financial metrics disclosed in this update.

Financial Performance

• Total income: ₹31,959.01 Lakh in FY2025-26, up 28.85% YoY.
• PAT after tax: ₹4,975.74 Lakh; YoY growth 38.34%.

Revenue & KPIs

• Revenue from operations: ₹31,702.72 Lakh.
• AUM: ₹1,626.26 Cr; YoY growth 27.35%.

IPO & Capital Structure

• IPO net proceeds: ₹15,158.6 Lakh; Tier I capital strengthened.
• CRAR: 26.12%.

Balance Sheet & Assets

• Borrowings: ₹1,26,778.97 Lakh.
• Total equity: ₹46,547.35 Lakh.

Cash Flows

• Operating cash flow: −₹27,999.15 Lakh.
• Financing cash flow: ₹35,427.55 Lakh.

Meeting Details

• Business Operation Committee meeting scheduled for August 25, 2026.

Key Agenda Items

• Consider private placement of 50,000 NCDs at INR 10,000 each up to INR 50 crore.
• Green Shoe option to extend aggregate size to INR 100 crore.

Other Notes

• Trading window closed from August 20, 2026 for 48 hours post-meeting.

Meeting Details

• Date: August 20, 2026.
• Type and mode: Investors/Analysts meeting; audio recording.

Participants

• Key company participant: Company Secretary & Chief Compliance Officer.

Purpose

• Purpose: investor/analyst interaction.

Availability

• Audio recording is available on the company website.

Meeting Details

• Date and time: August 20, 2026, 2:00 PM–3:00 PM.
• Type/Mode: Virtual group analyst/investor meet.
• Event: GIA BFSI/Fintech Analyst Meet.

Participants

• Company representatives (management) to participate.

Purpose

• Investor/analyst engagement via virtual analyst meet.

Financial Performance

• AUM at INR 1721.7 crores as on Jun-30-2026, up 28% YoY.
• Own book rose 31.7% to INR 1626.9 crores.
• Quarterly disbursements: INR 232 crores vs INR 166 crores in Q1 FY26.
• Net interest income: INR 47.1 crores, +39% YoY.
• PBT: INR 21.9 crores; PAT: INR 16.4 crores, up ~72% and ~70%.
• ROA improved to 3.45% from 2.75%.
• NIM expanded to 11.36% from 10.43% YoY.
• Avg cost of borrowing declined to 10.66% (down 67 bps YoY).
• Bank borrowings ~70% of total; 84% of incremental borrowing from banks.
• ICICI Bank added as a new lending partner; rating upgraded to A from A-.
• Gross NPA 2.08%; Net NPA 0.93%.
• Credit cost for the quarter INR 3.69 crores (0.95%).
• Portfolio yield broadly stable at 21.67%.
• CAR 25.32%; Tier 1 24.82%; liquidity ~INR 255.9 crores.

Operating / Segment Update

• MSME remains core; MSME AUM ~ INR 1,395 crores.
• Vehicle finance AUM ~ INR 131 crores; LAP ~ INR 90 crores; Construction ~ INR 90 crores; Wholesale ~ INR 58 crores; Personal ~ INR 49 crores.
• AUM CAGR since FY23: 32.68%.
• Branch network 184 as of 30-Jun-2026; opened 25 branches last year.
• New geography expansion: UP (10 branches) and Maharashtra (6 branches).
• Sourcing & servicing largely digital; manual signing remains; eSign expected soon.
• Vehicle credit cost is localized; underwriting tightened; field follow-ups increased.

Balance Sheet & Liquidity

• Net worth INR 482.8 crores.
• Car 25.32%; Tier 1 24.82%; debt-to-equity 3.1x; net debt-to-equity 2.57x.
• Liquidity ~INR 255.9 crores; ALM position comfortable with cumulative surplus.
• Borrowings in Q1 ~INR 296 crores across 9 facilities; banks >84% of incremental borrowing.
• New lender ICICI Bank; increased diversification of lender base.

Projects & Capex

• Branch expansion ongoing; 184 branches; 7–9 months to branch breakeven.
• Per-branch AUM at breakeven ~ INR 1.5–2.0 crores.
• AUM growth source includes maturation of recently opened branches and network density.

Guidance / Outlook

• FY27 AUM growth target: 30%–35% annually.
• FY27 PAT growth target: 40%–45%; Q1 PAT growth ahead of this range.
• Management intends to maintain guidance and assess performance over next quarters.

Q&A

• Branch performance: 7–9 months to breakeven; AUM per branch ~INR 1.5–2 crores; some reach breakeven in 5–6 months.
• Growth trajectory: CAGR 30–35% AUM; ROA target 3.5–3.75% by year-end; Rajasthan remains main state but others gaining share.
• Geography mix: 3–4 years ahead, other states will contribute a meaningful share alongside Rajasthan.
• Credit costs: wheels portfolio drove uptick; 10% extra provisioning on up-money transactions; ~70% provisioning booked so far.
• Slippages: INR 3.26 crores in the quarter.
• Funding headroom: cost of borrowing could fall another 20–25 bps; target to reduce further if global/rate conditions stay stable.
• Disbursement vs AUM gap: disbursements 232 crores; run-rate supports AUM growth; AUM depends on disbursement and repayments.

Meeting Details

• Date: August 13, 2026.
• Type and mode: Earnings call; audio recording.
• Organiser: Laxmi India Finance Limited.
• Purpose: Discuss unaudited standalone results for the quarter ended June 30, 2026.
• Availability: Audio recording is available on the company website.