Sammaan Capital Q1 FY27: PAT at ₹243 Crore, Disbursals Reach ₹3,875 Crore

BY ADMIN • FILED 16 Aug 2026, 8:27 PM

Sammaan Capital Limited has released its revised Q1 FY27 Earnings Update along with balance-sheet numbers for the quarter ended June 30, 2026. The company said the revised presentation was uploaded to provide stakeholders with a more complete view of its financial position.

Q1 FY27 Financial Highlights

Sammaan Capital reported Profit After Tax (PAT) of ₹243 crore in Q1 FY27. The company’s Assets Under Management (AUM) stood at ₹56,239 crore, while quarterly disbursals reached ₹3,875 crore.

The company reported capital adequacy of 20.1% and net NPA of 0.15%. Gross recovery during the quarter was ₹424 crore, while net recovery after incremental provisions and other credit costs stood at ₹240 crore.

The company’s consolidated income statement shows total revenue from operations of ₹1,651.93 crore in Q1 FY27, compared with ₹1,357.66 crore in Q4 FY26 and ₹2,400.33 crore in Q1 FY26. Profit for the period stood at ₹243.30 crore, compared with a loss in the previous quarter and profit of ₹334.30 crore in Q1 FY26.

Cost of Funds and Rating Improvement

A major focus for Sammaan Capital is strengthening its liability franchise and reducing its cost of funds.

The company reported that its stock cost of funds declined from 10.9% in Q2 FY26 to 10.0% in Q1 FY27, with projections indicating further reductions in the coming years. The company has also completed USD 63 million of bond buybacks as part of its focus on cost reduction and proactive asset-liability management.

The presentation highlights progress in credit ratings, including an upgrade to AA+ domestically. Sammaan Capital has stated a FY28 target of an AAA rating, supported by operating strength and the comfort associated with the IHC Group.

The company also said fresh sanctions from private and foreign banks have resumed after a multi-year gap, which it views as a sign of improved lender confidence and credit perception.

Disbursals and Customer Growth

During Q1 FY27, Sammaan Capital disbursed ₹3,875 crore across five products to around 12,000 new customers.

The company said growth was diversified across multiple products while maintaining a mix of retail and wholesale as well as secured and unsecured lending. It also plans to pursue both organic and inorganic growth opportunities.

Importantly, 97% of Q1 FY27 disbursements were secured loans, reflecting the company’s continued focus on secured lending and mortgage-oriented businesses.

Product Expansion Plans

Sammaan Capital plans a phased expansion of its retail lending portfolio.

For H2 FY27, the company plans to expand into areas including:

Digital personal loans
Micro-LAP loans
Rural home loans

The FY28 roadmap includes gold loans, two-wheeler and three-wheeler financing and retail e-commerce lending. During FY29–30, the company plans to scale further into core rural individual lending.

The company said its retail and MSME products are already available through its app, with digital fulfilment expected to support customer reach, cross-selling and cost efficiency.

Branch Expansion Could Be a Major Growth Driver

Sammaan Capital is targeting significant expansion of its physical distribution network.

The company currently operates a network of 217 regular branches, with a target of approximately 270 branches in FY27. The roadmap indicates around 800 total branches in FY28, approximately 1,300 in FY29, and around 1,605 branches by FY30, including gold-loan branches.

The expansion is planned around a hub-and-spoke model, combined with digital and physical distribution channels.

The company also expects substantial employee growth, supported by fresh hiring and senior-management appointments for new products and growth initiatives. AI and automation are expected to support productivity across areas such as loan processing, collections and reconciliations.

AI and Digital Transformation

Technology and artificial intelligence are central to Sammaan Capital’s future operating strategy.

The company has identified 53 AI use cases for FY27–28, with 35 expected to go live during FY27, representing 66% of the identified use cases.

The identified applications cover areas including risk and compliance, cost optimisation, faster turnaround time, productivity and growth.

The company is also using data science and AI across the lending value chain, including customer sourcing, credit, loan processing, collections and operational efficiency.

Strong Focus on Secured Lending

Sammaan Capital’s Q1 FY27 portfolio remained heavily weighted towards secured lending.

The company reported 97.1% of AUM as secured and 2.9% as unsecured, while Q1 FY27 disbursals were approximately 97% secured and 3% unsecured.

The company also disbursed ₹840 crore of commercial real-estate loans during the quarter in partnership with one of Asia’s leading alternative credit funds.

Its total AUM of ₹56,239 crore was supported by a reported 99.6% blended collection efficiency.

Balance Sheet Position

As of June 30, 2026, Sammaan Capital reported total assets of ₹70,892.80 crore, compared with ₹74,243.42 crore at March 31, 2026.

Loans stood at ₹38,846.81 crore, while investments were ₹17,727.33 crore. Cash and cash equivalents stood at ₹2,705.40 crore.

On the liabilities side, debt securities stood at ₹23,720.84 crore, while borrowings other than debt securities were ₹20,742.65 crore. Total equity stood at ₹19,141.53 crore.

IHC Group Support and Governance

Sammaan Capital’s presentation highlights the role of the IHC Group in its governance and operating framework.

Two IHC Group members are represented on the Sammaan Capital Board, while IHC functional heads have oversight across areas including technology, AI, infrastructure, risk, human resources, data science, finance and marketing.

The company also outlined plans to strengthen governance, including the onboarding of a Big-5 firm as statutory auditor from September 2027 and the appointment of new independent directors.

Promoter Stake and Potential Increase

Avenir Investment RSC Limited, an IHC subsidiary, currently holds 28.5% of Sammaan Capital.

According to the presentation, this stake is expected to increase to approximately 43.5% following a potential ₹3,198 crore warrant infusion, subject to conversion by September 30, 2027.

Management’s Growth Roadmap

Sammaan Capital’s longer-term strategy combines lower funding costs, broader product offerings, branch expansion, digital lending and AI adoption.

The company has outlined a substantial increase in annual disbursals over the coming years, alongside expansion in its branch network and workforce. The roadmap also includes new lending products such as gold loans, rural lending, vehicle financing and digital personal loans.

The strategy is intended to diversify the company’s lending franchise while maintaining a strong focus on secured lending and risk controls.

Important Points to Consider

For investors tracking Sammaan Capital, several factors stand out from the Q1 FY27 presentation:

PAT stood at ₹243 crore in Q1 FY27.
AUM stood at ₹56,239 crore.
Q1 FY27 disbursals were ₹3,875 crore.
97% of disbursals were secured loans.
Net NPA was reported at 0.15%.
Capital adequacy stood at 20.1%.
Blended collection efficiency was 99.6%.
The company is targeting further reduction in its cost of funds.
FY28 is the company’s stated target for achieving a AAA domestic rating.
Branch expansion is planned from 270 in FY27 to around 1,605 by FY30.
The company has identified 53 AI use cases, with 35 expected to go live in FY27.
Avenir (IHC) currently holds 28.5%, with a potential increase to approximately 43.5% subject to warrant conversion.

Overall, the Q1 FY27 update presents a picture of improving profitability, declining funding costs, a strong secured-lending focus, and an ambitious expansion roadmap. The key areas to monitor going forward will be the pace of disbursement growth, asset quality, cost of funds, execution of branch and product expansion, and the company’s ability to scale while maintaining its risk guardrails.

Disclaimer

This article is prepared solely from the information contained in Sammaan Capital Limited’s Q1 FY27 Earnings Update and accompanying financial information. It is intended for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions. The company’s presentation itself states that forward-looking statements are subject to risks and uncertainties and that actual results may differ materially.