India · Delayed Price · Currency is INR Sammaan Capital Earnings Call Transcripts
Fiscal Year 2026
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Net worth rose to INR 22,423 crores and Q3 PAT reached INR 314 crores, with stable asset quality and gearing. Regulatory approvals for the IFC investment and merger are in final stages, while technology and co-lending initiatives are set to drive growth and cost savings.
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Announced a major capital infusion and potential majority stake by IHC, driving lower funding costs and enabling aggressive AUM and product expansion. Profitability rebounded sharply year-over-year, with stable asset quality and a focus on retail and asset-light strategies.
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Net worth and AUM grew in Q1 FY26, with stable asset quality and strong digital origination. Strategic initiatives include a new equity partner for Sammaan Finserve and continued rundown of the legacy loan book, while maintaining moderate gearing and targeting low-teen ROE by FY27.
Fiscal Year 2025
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Fiscal 2025 was transformational, with strengthened capital, improved asset quality, and a shift to a retail-focused, asset-light model. Growth AUM rose to 60% of total, NIM improved to 6.2%, and credit costs are well-provided for. Ambitious FY27 AUM and ROE targets set.
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Raised $150M via QIP, strengthening capital and reducing promoter influence. Q3 profit reached INR 302 crores, with NPAs at six-year lows and Growth AUM at INR 35,000 crores. Confident in meeting FY27 targets and maintaining strong asset quality.
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Pre-provisioning operating profit and net worth rose sharply, with record cash collections from the legacy book and a one-time INR 4,000 crore provision creating a strong buffer. Asset quality improved to a 22-quarter low in NPAs, and growth AUM now exceeds legacy AUM.
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Net interest income and profit after tax rose year-over-year, with gross NPAs at a 16-quarter low. The company targets INR 1 trillion retail AUM by FY27, supported by strong capital buffers and a focus on asset-light, co-lending growth.