How much did DhanSafal Finserve earn in FY26?

The company reported a net profit of ₹73.33 lakhs, up from ₹37.14 lakhs in the previous year.

What is the status of the company's loan portfolio?

The loan portfolio grew 71% to reach ₹74.15 crores by the end of March 2026.

How does the co-lending arrangement work?

The company has two active partners for its co-lending operations, which focus on loans against property. These arrangements include Default Loss Guarantees to manage credit risk.

What is the significance of the 1.38% gross NPA ratio?

This is the first time the company has reported gross NPAs, moving from a zero base last year. It signals a shift in credit quality.

Earnings · Finance - NBFC · Micro cap

DhanSafal Finserve revenue jumps 152% as loan book hits ₹74 cr

The NBFC reported a profit of ₹73.33 lakhs for FY26, but the emergence of a 1.38% gross NPA ratio marks a new credit risk for the lender.

— 1 earlier story on DhanSafal Finserve Ltd. →

LUHARUKA 27 May 2026 · 3:03 PM IST Verify on BSE · NSE

Mkt cap₹59.28 cr

P/E141.85×

ROE0.69%

Debt / eq.0.20

1.38% Gross non-performing asset ratio reported for the first time.

What's new

Revenue climbed 152% to ₹12.23 cr for FY26.
Loan portfolio expanded 71% to ₹74.15 cr.
Co-lending book now totals ₹9.02 cr across two partners.

Why this matters

High growth in the MSME segment is paying off in top-line terms, but the appearance of NPAs from a zero base is the real story. Watch if this credit slippage is a one-off or a trend as the company scales its co-lending model.

What we're watching

Whether the NPA ratio climbs further as the loan book seasons.
Performance of the ₹9.02 cr co-lending portfolio.
Sustainability of the 152% revenue growth rate.

The full read

DhanSafal Finserve grew its loan portfolio by 71% to ₹74.15 crore in FY26, pushing revenue up 152% to ₹12.23 crore. Net profit nearly doubled to ₹73.33 lakh from ₹37.14 lakh.

Credit quality is slipping.

While the expansion is rapid, the company also reported a 1.38% gross NPA ratio for the first time, moving from a zero-NPA base. This is the test for the firm's underwriting as it scales. The company is using co-lending to drive this growth, with ₹9.02 crore of its outstanding principal now tied to two partners using Default Loss Guarantees to shield the MSME-focused book from risk. The open question is whether the current pace of asset growth can be maintained without further degrading the quality of the loan book.

Questions answered

How much did DhanSafal Finserve earn in FY26?: The company reported a net profit of ₹73.33 lakhs, up from ₹37.14 lakhs in the previous year.
What is the status of the company's loan portfolio?: The loan portfolio grew 71% to reach ₹74.15 crores by the end of March 2026.
How does the co-lending arrangement work?: The company has two active partners for its co-lending operations, which focus on loans against property. These arrangements include Default Loss Guarantees to manage credit risk.
What is the significance of the 1.38% gross NPA ratio?: This is the first time the company has reported gross NPAs, moving from a zero base last year. It signals a shift in credit quality.

Mentioned: DhanSafal Finserve · FY26 · MSME

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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27 May 2026 · 3:03 PM IST DhanSafal Finserve revenue jumps 152% as loan book hits ₹74 cr
today DhanSafal Finserve revenue jumps 152% as loan book hits ₹74.15 cr