Assets Under Management
₹61,909M
+17% YoY
AUM grew to ₹61,909 million, reflecting steady expansion across income generation and MSME lending.
PAISALODIGITAL
Information Technology
15 May 2026
Paisalo Digital Ltd — Q4 FY26
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%).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Disbursements (Q4)
₹13,440M
+27% QoQ
Quarterly disbursements of ₹13,440 million indicate sustained borrower demand and healthy sourcing momentum.
Collection Efficiency
98.5%
flat YoY
Collection efficiency of 98.5% reflects strong repayment behavior and effective portfolio oversight.
Cost of Borrowing
10.22%
-80bps YoY
Cost of borrowing moderated to 10.22%, reflecting improved credit standing and liability optimization.
Management Guidance
Double AUM and profit in three years
Management reaffirmed guidance to double AUM, income, and net profit over the next three fiscal years, excluding co-lending contributions.
Management guidance growthNIM target of 6.5% for FY27
Management guided for NIM to be maintained at 6.5% in FY27, down from the current 6.83%, but expects to overachieve.
Management guidance marginsCo-lending with SBI to go live in Q1 FY27
One co-lending method is expected to go live within Q1 FY27; the second awaits bank compliance confirmation.
Management guidance expansionKey Risks
Middle East tensions impacting MSME exports
Geopolitical developments in the Middle East could affect MSME borrowers dependent on exports, though management sees minimal direct exposure.
medium · analyst_questionCo-lending regulatory delays
Co-lending with SBI is delayed due to pending bank compliance with RBI circular; management could not confirm exact timeline for second method.
medium · management_commentaryIndustry-wide MFI stress
Small-ticket MFI lending is under stress industry-wide, but management differentiates Paisalo's model as not MFI but income-generation loans.
low · analyst_questionNotable 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.
Frequently Asked Questions
What was Paisalo Digital's revenue in Q4 FY26?
Paisalo Digital reported revenue of ₹2,609 Cr in Q4 FY26, representing a +35% change compared to the same quarter last year.
What guidance did Paisalo Digital management give for FY27?
Double AUM and profit in three years: Management reaffirmed guidance to double AUM, income, and net profit over the next three fiscal years, excluding co-lending contributions. NIM target of 6.5% for FY27: Management guided for NIM to be maintained at 6.5% in FY27, down from the current 6.83%, but expects to overachieve. Co-lending with SBI to go live in Q1 FY27: One co-lending method is expected to go live within Q1 FY27; the second awaits bank compliance confirmation.
What are the key risks for Paisalo Digital in FY27?
Key risks include Middle East tensions impacting MSME exports — Geopolitical developments in the Middle East could affect MSME borrowers dependent on exports, though management sees minimal direct exposure.; Co-lending regulatory delays — Co-lending with SBI is delayed due to pending bank compliance with RBI circular; management could not confirm exact timeline for second method.; Industry-wide MFI stress — Small-ticket MFI lending is under stress industry-wide, but management differentiates Paisalo's model as not MFI but income-generation loans..
Did Paisalo Digital meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Paisalo Digital Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.