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The company reported a loss of ₹239 Cr for the quarter ended June 30, 2025, a significant decline from a profit of ₹137 Cr in the prior year's same quarter. Asset quality deteriorated with Gross NPAs at 11.4% (vs 2.8% YoY) and Net NPAs at 5.0% (vs 0.3% YoY). Net Interest Margin declined to 5.93% and Cost to Income ratio rose to 83.0%.
Management acknowledged MFI industry contraction and increased provisions, but highlighted efforts on strengthening collections, robust risk frameworks, and CGFMU cover for new disbursements. Strategic goals include de-risking the portfolio, increasing secured loans (currently 45%), and retail deposit growth. Management expects normalization by H2 FY26, targeting 25-30% portfolio growth and ~15% ROE in 2-3 years, reflecting a determined approach for future recovery.