What’s new

• Net profit climbed to ₹33.4 lakhs from ₹17.2 lakhs in the prior year.
• Revenue from operations grew 45% to ₹371.2 lakhs.
• Gross non-performing loans dropped to 3.48% from 4.74% in the previous quarter.

Why it matters

For a lender with a market cap of only ₹13 crore, the jump in provision coverage to 90% is a defensive move that suggests management is cleaning up the balance sheet. While the absolute profit figures remain small, the trend of rising income alongside falling bad loans is a positive signal for a nano-cap entity.

What we’re watching

• Whether the company can sustain this revenue growth in the coming fiscal year.
• Further reduction in Stage 3 assets below the current 3.48% level.
• Any updates on capital infusion to support a larger loan book.

The full read

SI Capital & Financial Services delivered a strong finish to FY26, with net profit nearly doubling to ₹33.4 lakhs from ₹17.2 lakhs the previous year. Revenue from operations rose 45% to ₹371.2 lakhs, as the company managed to expand its top line while keeping costs in check. The most telling improvement, however, is in asset quality. Gross non-performing loans fell to 3.48% from 4.74% in the previous quarter. Simultaneously, the company lifted its provision coverage ratio to 90% from 55%. This aggressive provisioning suggests a management team focused on balance-sheet hygiene. With a market capitalization of just ₹13 crore, the company remains a tiny player, but these results show a clear improvement in both earnings power and risk management. Basic earnings per share rose to ₹0.67 from ₹0.39.

Primary source: BSE · NSE