Finkurve Financial Services Limited has reported a solid performance for the third quarter of FY26, posting a 23.9 per cent year-on-year increase in profit after tax to Rs 6.98 crore, supported by sharp growth in assets under management and steady improvement in operating metrics.
The company’s assets under management surged 118.6 per cent year-on-year to Rs 833.15 crore as of December 31, 2025, compared with Rs 381.08 crore a year earlier. Disbursements during the quarter stood at Rs 1,373.99 crore, while the branch network expanded from 72 to 98 locations, reflecting accelerated scale-up across markets.
Total income for the quarter grew 31.2 per cent year-on-year to Rs 52.47 crore, while net interest income rose sharply by 74.6 per cent to Rs 28.67 crore. Net interest margin stood at 15.24 per cent, supported by higher portfolio yields and improved operating leverage.
Asset quality remained stable, with gross non-performing assets at 0.71 per cent and net NPAs at 0.54 per cent. The capital adequacy ratio remained comfortable at 39.29 per cent, while liquidity stood strong with cash and cash equivalents of Rs 74.93 crore, accounting for nearly 8 per cent of total assets.
During the quarter, Finkurve strengthened its funding profile by onboarding new lenders, increasing borrowings from existing partners and raising Rs 189.5 crore through private placement of non-convertible debentures. Earlier in FY26, the company had also raised approximately Rs 111.5 crore through a combination of equity shares and warrants.
Priyank Kothari, Executive Director, Finkurve Financial Services, said the quarter reflected successful execution of the company’s growth strategy, driven by rapid AUM expansion, higher per-branch productivity and a diversified funding base.
He added that the company remains focused on maintaining strong asset quality, liquidity and capital buffers while scaling its gold loan franchise through a technology-led phygital model.
Founded in 1984 and operating under the brand name Arvog, Finkurve Financial Services is a Reserve Bank of India-registered non-deposit-taking NBFC with a primary focus on gold loans, alongside personal and SME lending. The company is listed on both the NSE and BSE and continues to expand its presence across India.
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