NeoGrowth FY26 revenue falls 21% to Rs 591 crore; swings to net loss

NeoGrowth’s revenue from operations declined 21.2% to Rs 591.07 crore in FY26 from Rs 750.31 crore in FY25, the Entrackr reported based on filings with the Registrar of Companies (RoC).

The MSME-focused lender reported a net loss of Rs 72.34 crore in FY26, compared with a net profit of Rs 9.02 crore in the previous fiscal year.

NeoGrowth’s total expenses fell 6.8% to Rs 687.69 crore in FY26 from Rs 738.19 crore in FY25.

Interest income fell 21.4% to Rs 566.97 crore in FY26 from Rs 721.04 crore in FY25.

Finance costs declined 19.5% to Rs 228.88 crore in FY26 from Rs 284.19 crore in FY25.

Employee benefit expenses increased 3.8% to Rs 109.78 crore in FY26 from Rs 105.76 crore in the previous financial year.

Earlier this month, NeoGrowth raised Rs 85 crore through a mix of debt and equity, led by Dutch development bank FMO, with participation from existing investor LeapFrog Investments.