Purple Finance Limited has marked a significant milestone in its growth journey by reporting profitability in the third quarter of FY26, signalling a turnaround for the digital-first NBFC focused on SME lending through a phygital distribution model.
The company posted a profit after tax (PAT) of Rs 1.22 lakh in Q3 FY26, compared to a loss of Rs 162.99 lakh in the previous quarter. This improvement was supported by steady portfolio performance and continued momentum in the SME lending segment. Total income and assets under management (AUM) both grew by 20 per cent quarter-on-quarter, reflecting expanding scale and improved operating efficiency.
On a year-on-year basis, Purple Finance recorded a sharp 255 per cent increase in total income and a 173 per cent rise in AUM, underlining strong business expansion compared to the same period last year. As of December 31, 2025, the company operated through 44 branches with a workforce of 435 employees and managed over 3,400 active loan accounts across its SME-focused loan book.
During the year, Purple Finance also strengthened its capital base. The company raised Rs 40 crore through a rights issue in Q2 FY26 and an additional Rs 39 crore via share warrants in Q3 FY26. In January 2026, it further diversified its funding sources by successfully listing retail non-convertible debentures (NCDs) amounting to Rs 25 crore, enhancing both liquidity and market visibility.
Commenting on the performance, Amitabh Chaturvedi, Executive Chairman, Purple Finance, said the company’s first profitable quarter represents a defining moment. He highlighted that the expanding branch network, improved cost discipline, and stronger capital position provide a solid foundation to scale the SME lending franchise in a sustainable manner.
With improved financial stability and strengthened funding access, Purple Finance is now entering its next phase of growth, focused on deepening its presence in India’s SME lending ecosystem while maintaining prudent risk management.
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