LAXMIINDIA
Laxmi India Finance financials
- Market cap
- ₹688 Cr
- Sector
- Financial Services
- Calls analysed
- 5
Laxmi India Finance Limited Q1 FY27
What went well
- Assets Under Management (AUM) grew 28% year-on-year to INR1721.7 crores, reflecting strong business momentum.
- Profit After Tax (PAT) increased by approximately 70% to INR16.4 crores, driven by healthy growth and margin expansion.
- Net Interest Margin (NIM) expanded to 11.36% from 10.43% a year ago, primarily due to a decline in the average cost of borrowing to 10.66%.
What to watch
- Credit cost increased to INR3.69 crores (0.95%) in Q1 FY27 from 0.58% in Q1 FY26, primarily attributed to stress in the vehicle financing portfolio.
- Management noted that crude price increases could indirectly impact borrowers by incrementing their costs, though direct impact from global uncertainties on their Tier 2/3 customer base is limited.
What Laxmi India Finance Limited does
Laxmi India Finance is a Rajasthan-headquartered NBFC, originally founded as Deepak Finance and Leasing Company in 1993-94 focused on vehicle financing, and later re-registered as an RBI NBFC in 2011. It now offers secured MSME/SME loans, mortgage loans (LAP), business loans, personal loans, commercial and non-commercial vehicle loans, tractor loans, two-wheeler and electric-vehicle loans, and wholesale lending. The company operates a branch-led, relationship-driven sourcing and collections model targeting small traders, MSME/self-employed borrowers and vehicle-loan customers in Tier II/III towns, with centralised underwriting and technology run out of its Jaipur head office.
Segments
- Secured MSME/SME Loans
- Vehicle Loans
- Mortgage Loans (LAP)
- Business Loans
- Personal Loans
- Wholesale Lending
- Branch network
- 176 branches across 6 states (Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Maharashtra)
- Employee base
- 1,800+
- Customer base
- 42,809
- Product suite
- 9 loan products
- Lender network
- 50+ PSU, SFB, FI & NBFC partners
- Digital/tech tools
- 110+ tech tools incl. Tab-based LOS, Synofin LMS/LOS, Synno CRM
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 5 delivered 3 missed 7 open- NPA Reduction delivered said Q1 FY26 Promised: get our NPAs on a below 1% in future Q1 FY27: Net NPA reduced to 0.93%, meeting the '<1% NPA' target for the first time. Gross NPA remains higher at 2.08%.
- AUM Compound Growth on track said Q4 FY26 Promised: expect a compound growth of AUM at around 30% to 35% annually over the medium terms. Q1 FY27: Reiterated guidance. Achieved 28% YoY growth, slightly below the 30-35% annual target range but still strong.
- AUM Growth missed said Q1 FY26 Promised: 35% to 40% growth we are assuming for this financial year Q4 FY26: Achieved 27% YoY growth for FY26, below the revised 30% guidance.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 34.3%, net profit up 70.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 61 | 74 | 70 | 76 +29% | 79 +30% | 93 +26% | 94 +34% |
| Net profit | 9 | 6 | 15 | 10 | 9 +0% | 10 +67% | 21 +40% | 17 +70% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −22.5% 1Y
1Y: ₹166.58 on 10 Sept 2025 → ₹129.07. High ₹175.87 (18 Sept 2025), low ₹71.65 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −5.0%
- 13 Aug
- Q4 FY26
- −1.1%
- 14 May
- Q3 FY26
- −3.1%
- 23 Feb
- Q2 FY26
- +9.7%
- 19 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 29.8% a year over 1 year, FY25 to FY26.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹245 Cr | ₹318 Cr |
| Interest | ₹114 Cr | ₹137 Cr |
| Depreciation | ₹2 Cr | ₹3 Cr |
| Net profit | ₹37 Cr | ₹50 Cr |
| Net margin | 15.1% | 15.7% |
| Cash from operations | ₹-311 Cr | ₹-280 Cr |
| Free cash flow | ₹-315 Cr | ₹-286 Cr |
| ROE | 16.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹16 Cr | ₹18 Cr | ₹20 Cr | ₹26 Cr | ₹26 Cr |
| Reserves | ₹85 Cr | ₹111 Cr | ₹134 Cr | ₹182 Cr | ₹409 Cr | ₹439 Cr |
| Borrowings | ₹391 Cr | ₹411 Cr | ₹615 Cr | ₹767 Cr | — | ₹1.3k Cr |
| Other liabilities | ₹21 Cr | ₹20 Cr | ₹11 Cr | ₹16 Cr | ₹16 Cr | ₹15 Cr |
| Total liabilities | ₹512 Cr | ₹558 Cr | ₹779 Cr | ₹985 Cr | ₹1.6k Cr | ₹1.8k Cr |
| Fixed assets | ₹5 Cr | ₹6 Cr | ₹10 Cr | ₹11 Cr | ₹16 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹20 Cr | ₹8 Cr | ₹15 Cr | ₹23 Cr | ₹159 Cr |
| Other assets | ₹505 Cr | ₹532 Cr | ₹761 Cr | ₹959 Cr | ₹1.5k Cr | ₹1.6k Cr |
| Total assets | ₹512 Cr | ₹558 Cr | ₹779 Cr | ₹985 Cr | ₹1.6k Cr | ₹1.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Sep 2025, FIIs trimmed −3.21 pp while the public added +3.21 pp. The shareholder count shrank 11% to 29,591.
- Promoters
- 60.2%
- FIIs
- 1.4%
- DIIs
- 5.3%
- Public
- 33.1%
Since Sep 2025
- FIIs −3.21 pp
- Public +3.21 pp
- DIIs +0.30 pp
How it drifted, 4 quarters
Over this window FIIs fell from 4.6% to 1.4% — −3.2 pp.
Ownership split by quarter, oldest first. Sep '25: Promoters 60.5%, FIIs 4.6%, DIIs 5.0%, Public 29.9%.Dec '25: Promoters 60.5%, FIIs 3.3%, DIIs 4.6%, Public 31.6%.Mar '26: Promoters 60.3%, FIIs 1.6%, DIIs 4.3%, Public 33.8%.Jun '26: Promoters 60.2%, FIIs 1.4%, DIIs 5.3%, Public 33.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sanshi Fund-I AIF +1.40 pp 3.82% held
- Mukul Mahavir Agrawal +0.75 pp 4.58% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Laxmi India Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hirak Vinimay Private Limited | 41.51% | −0.10 pp |
| Deepak Baid | 8.21% | unchanged |
| Deepak Hitech Motors Private Limited | 5.00% | unchanged |
| Mukul Mahavir Agrawal | 4.58% | +0.75 pp |
| Sanshi Fund-I AIF | 3.82% | +1.40 pp |
| Anisha Baid | 1.91% | unchanged |
| Prem Dealers Private Limited | 1.89% | unchanged |
| Prem Devi Baid | 0.95% | unchanged |
| Rashmi Giria | 0.51% | unchanged |
| Preeti Chopra | 0.16% | unchanged |
| Vivan Baid Family Trust | 0.03% | unchanged |
| Shanti Prasad Chajjer HUF | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Laxmi India Finance Limited
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