Sammaan Capital Q2 Results: Profit edges up to ₹312 crore, core income turns negative

Résumé détaillé

Sammaan Capital's ’s AUM stood at ₹59,188 crore as of September 30, 2026, up 5% from ₹56,239 crore at the end of the previous quarter. Disbursements rose 62% sequentially to…

Sammaan Capital, on Saturday, November 14, reported a 1.3% year-on-year increase in consolidated net profit at ₹312.34 crore for the September quarter from ₹308.47 crore in the year-ago period.

However, the company’s net interest income (NII) or core income turned into a loss of ₹138.06 crore in Q2FY27, against a profit of ₹163.02 crore in the corresponding quarter last year. This is because interest costs of ₹1,299.32 crore exceeded interest income of ₹1,161.26 crore during the quarter.

On a sequential basis, net profit rose 28.4% from ₹243.30 crore in Q1 FY27. Profit before tax increased to ₹424.57 crore from ₹326.01 crore in the previous quarter, while total income rose 10% quarter-on-quarter to ₹1,850.85 crore.

Revenue from operations stood at ₹1,849.97 crore, down from ₹2,250.60 crore in Q2FY26. The year-on-year decline was partly offset by higher gains on fair value changes, which increased to ₹648.11 crore from ₹291.64 crore a year ago.

Gains on derecognition of financial instruments, meanwhile, declined sharply to ₹7.19 crore from ₹468.81 crore.

The company’s assets under management (AUM) stood at ₹59,188 crore as of September 30, up 5% from ₹56,239 crore at the end of the previous quarter. Disbursements rose 62% sequentially to ₹6,278 crore, compared with ₹3,875 crore in Q1FY27. The company disbursed around 30,700 loans during the quarter.

Asset quality improved during the quarter, with gross non-performing assets (GNPA) declining to 0.15% from 0.21% in Q1 FY27, while net non-performing assets (NNPA) fell to 0.11% from 0.15%. The company reported a blended cumulative collection efficiency of 99.6%.

Sammaan Capital’s capital adequacy ratio stood at 20%, while its net worth was ₹19,445 crore as of September 30, excluding the ₹906 crore received from the first tranche of warrant conversion completed on October 30.

The company also expanded its branch network to 245 branches across 20 states, from 217 branches in the previous quarter.

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