What was Dar Credit's revenue in Q3 FY26?

Dar Credit reported revenue of ₹13 Cr in Q3 FY26, a — change year-over-year.

Did Dar Credit management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Dar Credit Q3 FY26 Research Workspace: Revenue ₹13 Cr (—)

Q: What guidance did Dar Credit management give?

AUM to reach ₹235 crore by Q4 FY26: Management expects to add ₹30-35 crore in AUM during Q4, closing FY26 at around ₹235 crore.

Revenue ₹13 Cr

EBITDA —

PAT ₹3 Cr

EBITDA Margin —

Duration 49 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

Dar Credit & Capital delivered a strong Q3 FY26 with net profit of ₹2.52 crore and PAT margin expanding to 20%, the highest in five quarters. Revenue stood at ₹12.61 crore and EPS at ₹1.77 (quarterly). The 9-month PAT of ₹7.04 crore already crossed 85% of FY25 full-year PAT, positioning the company for record annual profitability. Growth was driven by disciplined underwriting, a shift toward secured MSME lending (micro LAP) and the niche municipal employee loan product, which together now form the core portfolio. Asset quality remains robust with GNPA at 1.9% and NNPA below 1%. Management guided for AUM to reach ₹235 crore by Q4 FY26 and cross ₹300 crore by FY27, supported by branch expansion into Bihar, Jharkhand, and Rajasthan. No equity fundraising is planned given a strong CAR of 43.84% and ample debt headroom. Key risk: rapid geographic expansion could strain asset quality if underwriting standards slip.

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Research workspace

Focused Modules

⚖Claim Ledger 88% answered

Did management answer the analysts?

12 analyst questions audited, 1 evaded or deflected.

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!Risks 4 risks

Risk Intelligence

Geographic expansion into new states may strain asset quality

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Quarter Snapshot

AUM (including managed portfolio) ₹213 crore

+13.3% vs FY25 close

Total loan book including managed portfolio grew from ₹188 crore in FY25 to ₹213 crore.

Secured MSME loan book ₹50 crore

+66.7% vs FY25

Secured MSME (micro LAP) grew from ₹30 crore in FY25 to ₹50 crore in 9M FY26.

Municipal employee loan book ₹82.5 crore

+7.8% vs FY25

Niche personal loan to municipal employees grew from ₹76.5 crore in FY25 to ₹82.5 crore.

CAR (Capital Adequacy Ratio) 43.84%

flat vs prior quarter

CAR remains well above RBI minimum of 15%, providing headroom for growth.

Fast read

Guidance and risk preview

Top guidance AUM to reach ₹235 crore by Q4 FY26

Management expects to add ₹30-35 crore in AUM during Q4, closing FY26 at around ₹235 crore.

Top risk Geographic expansion into new states may strain asset quality

Branch expansion into Bihar, Jharkhand, and Rajasthan for secured MSME lending could face underwriting challenges in unfamiliar markets.