Finkurve sees 40-50% AUM jump in FY27, doubles co-lending goal
Management updates guidance on call, aiming for ₹5,000 crore AUM by 2029, and says no equity raise this year.
— 5 earlier stories on Finkurve Financial Services Ltd. →What's new
- Revised co-lending target to 20% of AUM by FY27 from 10-15%.
- AUM growth guidance raised to 40-50% for FY27.
- Long-term AUM target set at ₹5,000 crore by 2029.
Why this matters
Finkurve is signaling a step-change in growth ambition. The revised co-lending target suggests confidence in partner bank appetite, and the 40-50% growth guidance implies aggressive branch expansion. Crucially, management confirmed no equity raise, meaning this growth will be funded through internal accruals or debt, putting pressure on return metrics.
What we're watching
- Whether branch expansion and cost of borrowing trends support the aggressive AUM growth.
- Ability to maintain profitability while scaling co-lending book.
- Execution against the ₹5,000 crore AUM target by 2029.
The full read
Finkurve's management used the concall to lay out a more ambitious roadmap than the results disclosure suggested. The co-lending target was doubled to 20% of AUM, and AUM growth guidance for FY27 was set at 40-50%, up from prior expectations. Long-term, the company aims for a ₹5,000 crore AUM by 2029. Notably, management ruled out an equity raise in FY27, indicating confidence in internal cash generation or debt capacity. The concall also provided quantified guidance on branch expansion and cost of borrowing, though profitability targets were not explicitly revised upward in line with growth. For investors, the key question is whether the company can sustain return ratios while scaling at this pace.
Finkurve Financial Services Ltd.
Latest quarter · Dec 2023
Leverage & growth
Story so far
All notes on FINKURVE →- 21 May 2026 · 1:09 PM IST Finkurve sees 40-50% AUM jump in FY27, doubles co-lending goal
- 28d ago Finkurve adds a second ₹50 cr NCD plan to fund AUM growth
- 36d ago Finkurve plans ₹100 cr debt raise after loan book leapt 149%
- 42d ago Finkurve confirms a director it named in April. The loan tweak is the real question.
- 49d ago Finkurve targets 50% AUM growth as it rules out FY27 equity dilution