Indel Money Q2FY27 PAT surges 222% to Rs 80 crore; AUM grows 83% to Rs 5,015 crore
Net income more than doubles to Rs 160 crore; Net Interest Income rises 118%
Indel Money Limited, a leading gold-loan non-banking financial company (NBFC) which is part of the Indel Group, announced its financial results for the quarter ended September 2026 (Q2FY27). The company has reported a Profit After Tax (PAT) of Rs 79.98 crore, registering an impressive year-on-year (y-o-y) growth of 222%. The results were approved by the Board of Directors on 5th November 2026.
For the first half (H1FY27) ending September 2026, the company reported a PAT of Rs 107.62 crore, which is an y-o-y increase of 121%. The NBFC’s overall AUM (Assets Under Management) grew 83% year on year to Rs 5,015 crore. Its net income increased 111% y-o-y to Rs 159.81 crore, and Net Interest Income by 118% to Rs 145 crore.
The gold-loan NBFC’s Pre-Provision Operating Profit (PPOP), a key financial metric used to measure the profitability of core business, jumped 182% to Rs 98.95 crore. The company reported a Gross Non-Performing Assets (GNPA) growth of 1.41% only, which is sequentially lower compared to the previous quarter.
For Q2, the company’s Return on Assets (RoA) stands at 6.85% and for H1, 4.85%. The company also reported a CRAR (Capital to Risk-Weighted Assets Ratio) of 22.20% at the end of the quarter, well above the regulatory requirement of 15%.
The company raised funds of Rs 1,496 crore during the second quarter, and an overall Rs 2,220 crore in H1FY27, largely through NCDs and Term Loans. It also saw a total disbursement of Rs 2,480 crore during the quarter, and approximately Rs 4,500 crore in H1FY27. During the quarter under review, the company has opened 27 new branches, taking the total number of branches to 427.
Commenting on the performance, Umesh Mohanan, Executive Director and CEO, Indel Money, said, “Our Q2FY27 performance reflects the strong growth momentum that Indel Money has built over the past few quarters. The significant improvement in profitability, coupled with robust AUM expansion, underscores the growing scale of our operations and the strength of our customer proposition. We see considerable headroom for growth in India's gold-loan market, particularly across underserved and emerging markets. We are strengthening our distribution network while leveraging strategic partnerships such as co-lending to expand our reach and diversify our business. With a strong operating foundation and a clear growth roadmap, we are confident of achieving our FY27 business targets and creating long-term value for our stakeholders.”
The NBFC entered into a Co-Lending agreement with Godrej Finance and started disbursements during the quarter. As of September 2026, the company has Co-Lending agreements with three entities for a total value of Rs 1,400 crore. Going forward, the company is planning to sign similar agreements with other financial institutions. Further, the gold-loan company is targeting more than Rs 6,200-crore AUM by the end of the current financial year (FY27), and it is planning to go public (IPO) in the next three fiscal years (by FY30).
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