Paisalo Digital LimitedQ2 FY27 Results & Financial Update
Paisalo Digital Limited: Q2 FY27 consolidated results and company financials – revenue ₹277.31 Cr, PAT ₹65.64 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Paisalo Digital Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the quarter ended September 30, 2026, Paisalo Digital posted consolidated total revenue from operations of INR 277.31 crore, reflecting a sequential increase compared to INR 260.29 crore in the preceding quarter ended June 30, 2026.
Interest income formed the bulk of top-line earnings at INR 265.33 crore, rising from INR 250.52 crore in Q1 FY27, while fee and commission income contributed INR 10.12 crore alongside net gains on fair value changes of INR 1.85 crore.
Total expenses for the quarter expanded to INR 189.88 crore from INR 178.08 crore sequentially, driven primarily by higher finance costs of INR 129.67 crore compared to INR 115.58 crore in the previous quarter.
Consolidated profit before tax (PBT) reached INR 87.43 crore, improving from INR 82.21 crore reported in the first quarter of the fiscal year.
Tax expenses for the quarter stood at INR 21.79 crore, comprising current tax of INR 16.90 crore and deferred tax of INR 4.89 crore, leaving a consolidated net profit after tax (PAT) of INR 65.64 crore compared to INR 61.31 crore sequentially.
Basic and diluted earnings per share (EPS) for continuing operations stood at INR 0.72 for the quarter, up from INR 0.67 in the preceding quarter.
The company's consolidated balance sheet expanded significantly, with total assets reaching INR 7,605.06 crore as of September 30, 2026, supported by an increase in loan assets to INR 7,114.40 crore.
01 · Business model
What does Paisalo Digital do?
Paisalo Digital Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India, operating on a consolidated basis with its wholly owned subsidiary, Nupur Finvest Private Limited.
The company generates its primary operating revenue through interest income earned on loans extended to retail and micro-finance borrowers, supplemented by fees, commission income, and net gains on fair value changes.
Its economic model relies on wholesale and retail institutional borrowings, including debt securities, commercial papers, and term loans from banks, to fund an expanding loan portfolio across various Indian geographies.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Total income | ₹277.31 Cr | ₹260.29 Cr |
| Interest income | ₹265.33 Cr | ₹250.52 Cr |
| Other income | ₹0.00 Cr | ₹0.00 Cr |
| Provisions | ₹64.19 Cr | — |
| Profit before tax | ₹87.43 Cr | ₹82.21 Cr |
| Profit after tax | ₹65.64 Cr | ₹61.31 Cr |
| EPS | ₹0.72 | ₹0.67 |
03 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Interest income grew sequentially to INR 265.33 crore in Q2 FY27 from INR 250.52 crore in Q1 FY27, reflecting expansion in the underlying loan book.
Fee and commission income contributed INR 10.12 crore, while net gains on fair value changes added INR 1.85 crore to total operational revenue.
NIM, spread, funding cost and credit cost
Finance costs increased sequentially to INR 129.67 crore from INR 115.58 crore in Q1 FY27, reflecting the higher cost of borrowings and scale of debt funding.
Employee benefit expenses stood at INR 19.32 crore, depreciation and amortisation at INR 5.49 crore, and other expenses at INR 35.64 crore for the quarter.
04 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
The company is engaged in a single business segment, namely financing, and maintains no separate reportable segments under Ind AS 108.
05 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
Consolidated financial results fully incorporate the operational and financial standing of its wholly-owned subsidiary, Nupur Finvest Private Limited, an RBI-registered NBFC.
06 · Reported developments
What changed operationally
Consolidated PAT increased by approximately 7.06% sequentially to INR 65.64 crore in Q2 FY27, backed by higher revenue from operations.
07 · Items worth noticing
The line items that can distort a quick read
The consolidated financial results reflect a negative impairment on financial instruments of INR (0.24) crore for the quarter, indicating a net provision write-back.
08 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Net cash used in operating activities for the half year ended September 30, 2026, was INR 1,080.97 crore, largely driven by an increase in loans and receivables amounting to INR 1,202.23 crore.
Net cash generated from financing activities reached INR 1,188.85 crore for the half-year period, supported by INR 870.46 crore in fresh proceeds from borrowings and INR 299.72 crore from debt securities.
Capital allocation & funding
As of September 30, 2026, consolidated financial liabilities included debt securities of INR 1,511.39 crore and other borrowings of INR 3,968.44 crore, alongside subordinated liabilities of INR 1.00 crore.
All secured non-convertible debentures issued by the company are secured by an exclusive or first pari-passu charge on receivables, maintaining a required asset cover of 1.10 times as of September 30, 2026.
During the quarter ended September 30, 2026, the company raised funds through multiple tranches of listed secured redeemable non-convertible debentures and commercial papers on a public and private placement basis.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
Asset Quality Metrics
As disclosed pursuant to SEBI regulations, the company reported a Gross Non-Performing Asset (GNPA) ratio of 0.65% and a Net Non-Performing Asset (NNPA) ratio of 0.45% on a consolidated basis as of September 30, 2026.
Reported update
Capital Adequacy and Ratios
The consolidated debt-equity ratio stood at 2.83 times, with a Net Interest Margin (NIM) of 6.46% and a net worth of INR 1,87,796.62 lakh at the close of the quarter.
10 · Previous-quarter changes
What changed since the previous quarter
Total revenue from operations advanced from INR 260.29 crore in Q1 FY27 to INR 277.31 crore in Q2 FY27, accompanying an expansion in total loan assets from INR 5,929.51 crore to INR 7,114.40 crore.
11 · Key Q&A
The quarter, answered directly
What does Paisalo Digital do?
Paisalo Digital Limited is a non-banking financial company (NBFC) registered with the Reserve Bank of India, operating on a consolidated basis with its wholly owned subsidiary, Nupur Finvest Private Limited.
What is the clearest takeaway from Q2 FY27?
For the quarter ended September 30, 2026, Paisalo Digital posted consolidated total revenue from operations of INR 277.31 crore, reflecting a sequential increase compared to INR 260.29 crore in the preceding quarter ended June 30, 2026.
What drove earnings or loan-book movement?
Interest income grew sequentially to INR 265.33 crore in Q2 FY27 from INR 250.52 crore in Q1 FY27, reflecting expansion in the underlying loan book.
What mattered most for margins, funding or credit cost?
Finance costs increased sequentially to INR 129.67 crore from INR 115.58 crore in Q1 FY27, reflecting the higher cost of borrowings and scale of debt funding.
What changed operationally beyond the headline numbers?
Consolidated financial results fully incorporate the operational and financial standing of its wholly-owned subsidiary, Nupur Finvest Private Limited, an RBI-registered NBFC.
What should the next disclosure help confirm?
Monitor future changes in finance costs and debt-equity ratios amid ongoing debt issuances and commercial paper allotments.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Borrowing Cost Trends: Monitor future changes in finance costs and debt-equity ratios amid ongoing debt issuances and commercial paper allotments.
- 02
Asset Quality Progression: Track reported GNPA and NNPA ratios alongside impairment trends across upcoming quarterly disclosures.
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