Finkurve Financial Services Limited — Investor Meet, 27-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Finkurve Financial Services Limited held an earnings conference call to discuss financial performance for Q4 and FY26. Management detailed business execution, achieving INR 1,000 Cr AUM, a credit rating upgrade, and initiating a co-lending partnership with Godrej. Cross-sell initiatives and the transition to a middle-layer NBFC were also highlighted.

**Financial Performance:**

* AUM surged 149% YoY to INR 1,096 Cr.

* Total quarterly income grew 71% to INR 69 Cr.

* PAT saw a 105% increase.

* Gross NPA at 0.13%, Net NPA at 0.09%.

* CRAR stood at 30.96%, Debt-to-Equity at 2.42x.

**Management Commentary & Outlook:**

Management expressed confidence in disciplined growth, focusing on technology, risk management, and asset quality. They aim to scale the business steadily with an emphasis on long-term value creation.

**Order Book & Operational Updates:**

The branch network expanded to 105 from 73, with plans to increase by 50% this fiscal year. A co-lending partnership with Godrej has been established, contributing INR 21 Cr AUM, with aspirations to reach 20% of the portfolio by FY27.

**Analyst Q&A Highlights:**

Discussions covered branch rollout timelines (30-45 days per branch), technology adoption for faster customer onboarding, and strategies to reduce the cost of funds through a diversified borrowing mix and co-lending. Management targets a 17-18% ROE and 3.5-4% ROA over the next five years, aiming for INR 5,000 Cr AUM by FY29.

**Investor Angle:**

The management presented a positive outlook, emphasizing steady growth, operational excellence, and a commitment to asset quality. They are confident in their strategy for sustained value creation.