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Earnings Call Transcript

Finkurve Financial Services Earnings Call Transcript: Key Takeaways

Finkurve (Augmont Group) is aggressively scaling its gold loan franchise through branch expansion, reporting 135% AUM growth. However, rising leverage and sub-3% ROA highlight execution risks as competition from banks intensifies.

Why this was an Alfa AlertManagement guides 60% Revenue growth for FY27 (explicit single-year guidance).
Guidance and delivery
Management target Revenue 60.0% FY27
Highlights
Revenue growth89% YoY revenue increase; AUM doubled on branch and price growth.
MarginsExpect NIM expansion via 50bps yield hike and co-lending scale-up.
Demand visibilityStrong; Tier-2 customers prioritize service and LTV over bank rates.
Management confidenceHigh; emphasizing 'risk-first' strategy and seasoned leadership depth.

Growth

AUM grew 135% YoY; 50% from volume (tonnage) and 50% from price (gold rally).

Outlook

Guided 50-60% AUM growth for FY27; targeting 12-13 Cr AUM per branch.

Risks

Low ROA (2.9%), high cost of funds (11.5%), and sensitivity to gold price corrections.

Last quarter's promises, checked

Delivered

  • Guided 40-50% branch growth → delivered 105 branches (~50% growth) (= BEAT)
  • Guided transition to middle-layer NBFC → delivered compliant status (= BEAT)
  • Guided crossing 1,000 Cr AUM → delivered 1,096 Cr AUM (= BEAT)

Partly delivered

  • Guided 17-18% ROE and 3.5-4% ROA → delivered 7.8% ROE and 3.2% ROA (= PARTIAL)
  • Guided 20% AUM via co-lending → delivered <2% AUM (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: FINKURVE. Summary written with AI assistance from the document.

Read the document ↗

Finkurve Financial Services Ltd: key numbers

Share price
₹69.31
Market cap
₹970.7 Cr
Revenue (annual)
₹207.2 Cr
Net profit (annual)
₹26.03 Cr
P/E (TTM)
33.0×Sector 22.0×
Promoter holding
56.21%-0.03% QoQ
FII holding
7.30%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Finkurve Financial Services Ltd

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16:57 IST BSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing: ₹1.44 Cr

Finkurve Financial Services paid interest on its NCDs (ISIN: INE734I07123). The total interest amount paid was Rs. 1.44 Crore.

Value
₹1.44 Cr
15:48 IST NSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing: ₹0.22 Cr

Finkurve paid Rs. 0.22 Crore monthly NCD interest (ISIN INE734I07099) before the due date. Payment made September 23, 2026, per Reg 57 terms.

Value
₹0.22 Cr
17:15 IST BSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing

Finkurve Financial Services has fixed record dates in October 2026 for interest payments on its various outstanding Non-Convertible Debentures (NCDs).

15:22 IST BSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing: ₹2.6 Cr

Finkurve confirmed quarterly interest of Rs.2.60 Crore paid on its Rs.100 Crore NCDs (ISIN INE734I07115). No redemption occurred for this period.

Value
₹2.60 Cr
15:36 IST BSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing: ₹0.53 Cr

Finkurve Financial Services paid Rs. 0.53 Crore monthly interest on its Rs. 60 Crore NCDs. Payment was made on September 10, 2026, ahead of the due date.

Value
₹0.53 Cr
17:08 IST BSE
Debt & Borrowing

Finkurve Financial Services Debt & Borrowing: ₹1.63 Cr

Finkurve Financial Services has confirmed the timely payment of interest on its Non-Convertible Debentures. Two tranches received interest payments totaling Rs.1.63 Crore.

Value
₹1.63 Cr