ALFA Finder
The call ran from 3:01 PM to 3:46 PM IST (45 min).
Key takeaways
Management claims record profitability and AUM up ~95% YoY, but analyst-cited QoQ AUM growth was ~3%. Collection efficiency fell from ~98% to ~90%, with NPAs rising.
| Revenue growth | Total income up ~88% YoY per CFO; analyst cited ~20%. |
|---|---|
| Margins | Yields up to 20.8% from 20%; NIM expansion promised, unquantified. |
| Demand visibility | Gold price correction deferring loan demand; no quantified outlook. |
| Management confidence | Over-optimistic; deflects on share price, NPAs and LTV data. |
Growth
CFO cited total income up ~88% YoY and operating profit up 62%; analyst cited ~20% revenue growth. Growth is yield-driven, not volume-driven.
Outlook
Guides 50-60% AUM growth for FY27 and ~150 branches by December 2026. NCDs capped at 40-45% of borrowings.
Risks
Collection efficiency ~90%, NPAs up, ticket sizes falling, LTV rising. Evasive on auctions and share price.
Last quarter's promises, checked
Delivered
- Guided yields ~20–20.5% (+50bps) → delivered 20.8% (= BEAT)
Partly delivered
- Guided co-lending 15–20% of book by FY27-end (from ~3%) → delivered ~5.8% so far (= PARTIAL)
Missed
- Guided 50–60% FY27 AUM growth (Q1 pace 15.9% QoQ) → delivered ~3% QoQ in Q2 (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Finkurve Financial Services Q2 FY27 Results: Net Profit ₹9.6 Cr, Up 62.7% YoY
Finkurve Financial Services Ltd reported revenue from operations of ₹89.9 Cr (+87.3% YoY) and net profit of ₹9.6 Cr (+62.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹9.6 Cr · +62.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided 50-60% AUM growth for FY27; targeting 12-13 Cr AUM per branch.
Growth they described
AUM grew 135% YoY; 50% from volume (tonnage) and 50% from price (gold rally).
Call details
| Company | Finkurve Financial Services Ltd |
|---|---|
| NSE symbol | FINKURVE |
| ISIN | INE734I01027 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 3:00 PM IST |
| Length | 45 min |
| Audio | Our stream on YouTube ↗ |
Finkurve Financial Services Ltd: key numbers
- Share price
- ₹69.50
- Market cap
- ₹973.4 Cr
- Revenue (annual)
- ₹207.2 Cr
- Net profit (annual)
- ₹26.03 Cr
- P/E (TTM)
- 29.4×Sector 20.5×
- Promoter holding
- 56.21%+0.00% QoQ
- FII holding
- 7.80%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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