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Financial results presentation6047Gunosy Inc.Information and Communications, Services and Others

Explanatory Materials on Investee slice Small Finance Bank Ltd.

Portfolio company slice has been expanding deposits and loans and improving profitability, and conducted its first capital raising since the bank merger in September 2026. Gunosy's ownership interest was approximately 12% on a fully diluted basis, maintaining its position as the largest external shareholder.

Worth reading
69In focus
Scored from 3 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
41
Year-on-year change in net revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 2026 (Q1 FY27, April–June 2026)7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit80.6 ₹ Cr +337.0%pre-provision operating profit
Ordinary income49.1 ₹ Cr profit before tax
Net income50.9 ₹ Cr profit after tax
Selling, general and administrative expenses226.1 ₹ Cr operating expenses
Results for the three months of the current quarterStandalone Q1 FY27 results: net revenue of ₹306.7 Cr, operating expenses of ₹226.1 Cr, pre-provision operating profit of ₹80.6 Cr, profit before tax of ₹49.1 Cr, and profit after tax of ₹50.9 Cr.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
The breakdown by factor is not disclosed. The explanation cites growth through deposit gathering, a shift from high-interest borrowings to lower-interest deposits, and increased lending capacity through the capital raising.
New initiatives
  • First capital raising since the bank merger conducted in September 2026 (primarily CCDs and partly paid-up shares)
  • Integration of the UPI product and the possibility of receiving UPI merchant fees
  • Transition to app-based services using an internally developed core banking system
  • Improvement of the loan portfolio, including increasing the proportion of secured loans
Key KPIsA metric the company considers important as a management benchmark.
  • Registered customersMore than 20 million
  • Deposits5,765 ₹ Cr
    Year on year against the same period last yearApproximately 1.9x
  • AUM (loan balance)5,039 ₹ Cr
    Year on year against the same period last yearApproximately 1.6x
  • GNPA (non-performing loan ratio)4.36 %
    Year on year against the same period last yearImproved
  • CRAR (capital adequacy ratio)18.17 %
  • LCR499.8 %
  • NSFR180.2 %
  • CASA ratio39.85 %
Financial targets
CRAR regulatory minimum of 15.00%; actual result of 18.17%. Other financial targets are not disclosed.
Market Size / Share
  • Annual UPI transaction volume in India2,416 100 million transactions
    Year on year+30.0%
  • Annual credit card transaction volume in India44.7 100 million transactions
Number of stores and locations
Number at period-end159 Location
Number of employees
Number of Employees3,318 people
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2026 (Q1 FY27, April–June 2026)
Operating profit80.6 ₹ Cr (pre-provision operating profit) (YoY +337.0%)
Ordinary income49.1 ₹ Cr (profit before tax)
Net income50.9 ₹ Cr (profit after tax)
Selling, general and administrative expenses226.1 ₹ Cr (operating expenses)
Results for the three months of the current quarterStandalone Q1 FY27 results: net revenue of ₹306.7 Cr, operating expenses of ₹226.1 Cr, pre-provision operating profit of ₹80.6 Cr, profit before tax of ₹49.1 Cr, and profit after tax of ₹50.9 Cr.
Breakdown of Factors Affecting the ChangeThe breakdown by factor is not disclosed. The explanation cites growth through deposit gathering, a shift from high-interest borrowings to lower-interest deposits, and increased lending capacity through the capital raising.
Key KPIsIndicator name Registered customers / Value More than 20 million / Year on year against the same period last year Not disclosed, Indicator name Deposits / Value 5,765 ₹ Cr / Year on year against the same period last year Approximately 1.9x, Indicator name AUM (loan balance) / Value 5,039 ₹ Cr / Year on year against the same period last year Approximately 1.6x, Indicator name GNPA (non-performing loan ratio) / Value 4.36 % / Year on year against the same period last year Improved, Indicator name CRAR (capital adequacy ratio) / Value 18.17 % / Year on year against the same period last year Not disclosed, Indicator name LCR / Value 499.8 % / Year on year against the same period last year Not disclosed, Indicator name NSFR / Value 180.2 % / Year on year against the same period last year Not disclosed, Indicator name CASA ratio / Value 39.85 % / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber at period-end 159 Location / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 3,318 people / Changes during the period and hiring plan Not disclosed
Financial targetsCRAR regulatory minimum of 15.00%; actual result of 18.17%. Other financial targets are not disclosed.
Market Size / ShareIndicator name Annual UPI transaction volume in India / Value 2,416 100 million transactions / Year on year 30 100 million transactions, Indicator name Annual credit card transaction volume in India / Value 44.7 100 million transactions / Year on year Not disclosed
New initiativesFirst capital raising since the bank merger conducted in September 2026 (primarily CCDs and partly paid-up shares), Integration of the UPI product and the possibility of receiving UPI merchant fees, Transition to app-based services using an internally developed core banking system, Improvement of the loan portfolio, including increasing the proportion of secured loans
Items this document does not state (17)
Net SalesGross Profit MarginOperating profit marginFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited expansion of its business scale through deposit gathering, a shift in funding from high-interest borrowings to lower-interest deposits, an improvement in the non-performing loan ratio through the amortisation of the pre-merger portfolio and stricter credit screening, and an increase in equity capital through the September capital raising.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Explanatory Materials on Investee slice Small Finance Bank Ltd. | Gunosy Inc. (6047) timely disclosure | Komori