Sammaan Capital Q2 FY27: Disbursements Up 62% to ₹6,278 Cr, PAT Grows 28% to ₹312 Cr
Sammaan Capital reported strong Q2 FY27 results with disbursements up 62% QoQ to ₹6,278 crore and PAT growing 28% QoQ to ₹312 crore. AUM reached ₹59,188 crore, with GNPA at 0.15% and NNPA at 0.11%. The company received ₹906 crore from warrant conversion, increasing promoter shareholding to 33.32%.
The strong financial performance, significant increase in disbursements and PAT, improved asset quality, and capital infusion through warrant conversion are material developments for the company and its stakeholders.
The company reported significant growth in disbursements and PAT, alongside improvements in asset quality and AUM. The successful warrant conversion also strengthens its capital position.
Sammaan Capital Limited announced its financial and operational performance for the second quarter and half year ended September 30, 2026. The company reported strong sequential growth in disbursements and profitability, along with an improvement in asset quality.
Assets Under Management (AUM) reached ₹59,188 crore as of September 30, 2026, a 5% increase from ₹56,239 crore at the end of Q1FY27. Disbursements during Q2FY27 grew by 62% quarter-on-quarter to ₹6,278 crore, with approximately 30,700 loans disbursed. For the half year ended H1FY27, total disbursements amounted to ₹10,153 crore across approximately 42,600 loans.
Profit before tax (PBT) for Q2FY27 was ₹425 crore, a 30% increase from ₹326 crore in Q1FY27. Profit after tax (PAT) rose 28% quarter-on-quarter to ₹312 crore, compared to ₹243 crore in the previous quarter. PAT for H1FY27 stood at ₹556 crore.
Asset quality showed improvement, with Gross Non-Performing Assets (GNPA) declining to 0.15% from 0.21% in Q1FY27, and Net Non-Performing Assets (NNPA) decreasing to 0.11% from 0.15%. The company reported a blended cumulative collection efficiency of 99.6%, and total provisions represented 10.2% of the loan book.
Net worth stood at ₹19,445 crore as of September 30, 2026, excluding ₹906 crore from the first tranche of warrant conversion completed on October 30, 2026. Capital adequacy remained strong at 20.0%.
Subsequent to the quarter end, Avenir (IHC) converted the first tranche of warrants, infusing ₹906 crore and increasing promoter shareholding from 28.34% to 33.32%. The remaining warrants are proposed for conversion by September 2027, potentially bringing in an additional ₹2,291 crore and increasing promoter shareholding to 43.28% upon full conversion.
The company expanded its branch network from 217 to 245 branches across 20 states, focusing on Tier 2 and Tier 3 markets. Plans are in motion to launch a Business Instalment Loan (BIL) offering and gold loans, with a soft launch planned for Q3FY27 and commercial launch for Q4FY27.
Technology investments include the rollout of Salesforce to pilot branches and the implementation of five IT projects in Q2FY27. The company has onboarded 1,123 employees during H1FY27 to support its growth.
For FY27, Sammaan Capital has set targets including AUM of ₹70,700 crore, a loan book of ₹53,000 crore, disbursements of ₹30,100 crore, and PAT of ₹1,400 crore. The company aims to expand its branch network to 270 branches by the end of FY27 and progress towards an AAA credit rating. The longer-term ambition includes achieving a sustainable Return on Managed Assets (ROMA) of above 2%.
Gagan Banga, Managing Director & CEO, commented on the performance, highlighting the strong sequential momentum, improved asset quality, and investments in people, distribution, technology, and governance. He emphasized the strategic partnership with IHC strengthening the capital position and the commitment to balancing growth with risk discipline.
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