Finkurve Financial Services Ltd — Important, 13-02-2026: Company Update

Finkurve Financial Services' Q3 FY26 AUM surged 118% year-on-year to Rs 833 crore, with PAT climbing 24%. The company expanded its branch network from 72 to 98. Management indicated a strategic focus on remaining a pure-play gold NBFC, projecting 40-50% AUM growth for the upcoming year. NPAs were maintained below 2%. NIMS contraction was attributed to increased leverage, currently at 1.67x with a target of 3-4x. Technology is a key driver for risk control and operational efficiency. The organized gold-backed lending market, exceeding Rs 150,000 crore, offers substantial growth potential. Future expansion will be measured and risk-adjusted, prioritizing sustainable growth over aggressive pricing.