Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹2,609 Cr
verified against source
Revenue YoY
35%
reported change
EBITDA
Pending
latest reported figure
Source
screener in partial
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Paisalo Digital delivered a strong Q4 FY26 with record PAT of ₹722 million (+56% YoY) and total income of ₹2,609 million (+35% YoY), driven by steady AUM growth (17% YoY to ₹61,909 million) and improving funding efficiency (cost of borrowing down to 10.22%). Asset quality remained pristine with GNPA at 0.76% (down 23bps YoY). Management reaffirmed its three-year guidance to double AUM and profit, supported by distribution expansion (5,299 touch points), AI-driven productivity gains (headcount down 3% despite AUM growth), and new product segments. Key risk: potential stress in MSME exports due to Middle East tensions, though management sees minimal direct exposure.
Colored figures show movement against the previous available record.
Guidance to track
- Management reaffirmed guidance to double AUM, income, and net profit over the next three fiscal years, excluding co-lending contributions.
- Management guided for NIM to be maintained at 6.5% in FY27, down from the current 6.83%, but expects to overachieve.
- One co-lending method is expected to go live within Q1 FY27; the second awaits bank compliance confirmation.
Risks flagged
- Geopolitical developments in the Middle East could affect MSME borrowers dependent on exports, though management sees minimal direct exposure.
- Co-lending with SBI is delayed due to pending bank compliance with RBI circular; management could not confirm exact timeline for second method.
- Small-ticket MFI lending is under stress industry-wide, but management differentiates Paisalo's model as not MFI but income-generation loans.
Key quotes
- We have survived 35 years in the industry as a listed entity for more than our 30 years is because we have had the approach of lend right and collect tight.
- We have not taken co-lending as the growth driver there. Co-lending is going to be an addition on top of that.
- Our target remains the same and we hope we overachieve the NIM in the upcoming financial year too.
Research modules