Finova Capital FY26 revenue up 21% to Rs 921 crore, net profit falls 11%
Total expenses surged 36% to nearly Rs 700 crore during FY26 as compared to Rs 513.8 crore in FY25.
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Finova Capital reported a 21% jump in revenue from operations to Rs 921.4 crore in FY26 from Rs 762.3 crore in the previous fiscal.
The company's net profit declined 11% to Rs 165.3 crore in FY26 from Rs 185 crore in FY25, according to the company's annual report.
Total expenses surged 36% to nearly Rs 700 crore during FY26 as compared to Rs 513.8 crore in FY25.
Employee benefit expenses grew 23% to Rs 268.4 crore in FY26 from around Rs 218.2 crore in the previous financial year.
Founded in 2015 by Mohit Sahney and Sunita Sahney, Finova Capital is a middle-layer NBFC focused on MSME and home loans in semi-urban and rural markets. The company has raised more than $270 million in equity and debt funding from investors including Peak XV Partners, Norwest Venture Partners, Faering Capital, Avaatar Venture Partners, and Sofina.
During FY26, Finova’s loan disbursements declined 17% to Rs 1,161.9 crore from Rs 1,396.9 crore, while its gross AUM increased 10% to Rs 3,827.8 crore. Asset quality weakened, with gross NPAs rising to 3.22% from 2.39% and net NPAs increasing to 1.94% from 1.41%.