Usha Financial Services LimitedQ1 FY27 Results & Financial Update
Usha Financial Services Limited: Q1 FY27 standalone results and company financials – revenue ₹20.26 Cr, PAT ₹8.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Usha Financial Services Q1 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
Usha Financial Services Limited delivered a strong financial performance in the first quarter of fiscal 2027, driven by robust top-line expansion and significant profitability gains across its lending portfolio.
Total income for the quarter ended June 30, 2026, reached 20.32 crore rupees, representing a 16.6 percent increase compared to the corresponding period of the previous year.
Profitability expanded at a faster pace than revenue due to controlled total expenses, with profit after tax rising 50.3 percent year-on-year to 8.03 crore rupees.
The loan book crossed the 409 crore rupee threshold during the quarter, supported by steady sequential growth and an exponential increase in the number of disbursed loans.
Management highlighted that branch network expansion and rising contributions from co-lending operations served as primary operational catalysts for the quarter.
Asset quality improved during the period, underpinned by disciplined recovery efforts and prudent internal portfolio management.
01 · Business model
What does Usha Financial Services do?
Usha Financial Services Limited is an RBI-registered, base layer non-banking financial company that offers a broad suite of financial products and services to financial institutions, corporates, and individual borrowers across India.
The company generates its core revenue from lending operations, interest income, and related financial services while focusing on financial inclusion, innovation, and sustainable business growth.
Operating on a standalone basis, the company utilizes a growing branch network and co-lending partnerships to scale its reach and deepen penetration within the retail segment.
02 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Total income | ₹20.32 Cr | ₹17.42 Cr | ₹17.70 Cr |
| Profit before tax | ₹10.78 Cr | ₹7.14 Cr | ₹8.83 Cr |
| Profit after tax | ₹8.03 Cr | ₹5.35 Cr | ₹6.55 Cr |
| EPS | ₹1.85 | ₹1.23 | ₹1.51 |
03 · Earnings & margin drivers
What drove earnings and margins
What drove net interest income and earnings
Revenue from operations expanded to 20.26 crore rupees in Q1 FY27, supported by sustained credit demand and higher disbursements.
Increasing transaction volumes through co-lending partnerships significantly enhanced market penetration and overall revenue generation.
NIM, spread, funding cost and credit cost
Total expenses for the quarter stood lower at 9.54 crore rupees compared to 10.28 crore rupees in Q1 FY26, allowing operating leverage to lift profit margins.
04 · Loan growth, sanctions & disbursements
How the lending book is moving
The total loan book reached 40,913.45 lakh rupees as of June 30, 2026, marking a 10.4 percent year-on-year increase.
The number of loans disbursed surged significantly to 23,566 during the quarter, reflecting strong product acceptance and deeper market reach.
05 · Portfolio mix & lending exposure
Where the loan book is concentrated
Segments and products
The company is strategically strengthening its retail lending portfolio by expanding its branch footprint and deepening customer engagement.
Geography and market mix
The branch network grew to 20 locations as of June 2026, with a primary near-term focus on scaling operations across Uttar Pradesh.
06 · Strategy & portfolio evolution
How the lending mix and strategic agenda are changing
Management outlined plans to scale the branch network to 40 branches by the end of FY27, with subsequent expansion into other Indian states.
07 · Reported developments
What changed operationally
Profit after tax increased by 50.3 percent year-on-year to 8.03 crore rupees for the quarter.
The company achieved a sharp improvement in asset quality, marked by declining gross and net non-performing assets through disciplined recovery efforts.
08 · Funding & balance sheet
How funding, liquidity and capital support the loan book
Capital allocation & funding
The board approved the issuance of non-convertible debentures on a private placement basis under Series R during September 2026.
09 · Management guidance & targets
What management is targeting from here
Management aims to scale the branch network to 40 branches by the end of fiscal 2027, focusing primarily on Uttar Pradesh before entering other states.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Net Worth Growth
Net worth increased by 11.7 percent year-on-year to 23,771.80 lakh rupees as of June 30, 2026.
Reported update
Board Appointment
The company approved the appointment of a debenture trustee in connection with its debenture issuance plans.
11 · Previous-quarter changes
What changed since the previous quarter
Total income grew by 14.8 percent sequentially from 17.70 crore rupees in Q4 FY26 to 20.32 crore rupees in Q1 FY27.
12 · Key Q&A
The quarter, answered directly
What does Usha Financial Services do?
Usha Financial Services Limited is an RBI-registered, base layer non-banking financial company that offers a broad suite of financial products and services to financial institutions, corporates, and individual borrowers across India.
What is the clearest takeaway from Q1 FY27?
Usha Financial Services Limited delivered a strong financial performance in the first quarter of fiscal 2027, driven by robust top-line expansion and significant profitability gains across its lending portfolio.
What drove earnings or loan-book movement?
Revenue from operations expanded to 20.26 crore rupees in Q1 FY27, supported by sustained credit demand and higher disbursements.
What mattered most for margins, funding or credit cost?
Total expenses for the quarter stood lower at 9.54 crore rupees compared to 10.28 crore rupees in Q1 FY26, allowing operating leverage to lift profit margins.
What changed operationally beyond the headline numbers?
Management outlined plans to scale the branch network to 40 branches by the end of FY27, with subsequent expansion into other Indian states.
What is management guiding or targeting from here?
Management aims to scale the branch network to 40 branches by the end of fiscal 2027, focusing primarily on Uttar Pradesh before entering other states.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Branch Expansion Milestone: Monitor the execution of the branch expansion plan toward the target of 40 branches by the end of FY27.
- 02
Loan Book Trajectory: Track the continued growth of the loan book above the 409 crore rupee mark alongside asset quality maintenance.
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