Northern ARC Capital

Northern ARC Capital delivered a strong Q4 FY26 with PAT of ₹133 croreCurrent reported value: ₹133 crore. No comparable prior figure is available in the source record. (up 32% QoQ) and full-year PAT of ₹406 croreCurrent reported value: ₹406 crore. No comparable prior figure is available in the source record. (+33Current reported value: 33. No comparable prior figure is available in the source record.% YoY), driven by AUM growth of 22% YoYCurrent reported value: 22% YoY. No comparable prior figure is available in the source record. to ₹16,594 croreCurrent ₹16,594 crore. Reported change: +22% YoY. and NIM expansion of 25bps to 9.4%. The direct-to-customer segment now constitutes 59%Current 59%. Reported change: +40pp vs FY21. of AUM, with MSME finance growing 43% YoY and consumer finance maintaining risk-adjusted yields of ~15%. Credit costs improved to 2.2% in Q4 (full year 2.8%), aided by RBI's FLG clarity and better collection efficiency. Management guided for AUM growth of 22-25% in FY27 and ROA of 3%+, with ROE targeting mid-to-late teens over 8-10 quarters. Key risk: geopolitical tensions in West Asia could impact MSME portfolio segments (currently <2% exposure).