Shares of Sammaan Capital fell 4% after the company reported a 27% year-on-year decline in consolidated net profit to Rs 243 crore for the first quarter of fiscal year 2027 (Q1FY27), which covers the quarter ended June 2026. India's fiscal year runs from April to March, so this is the June quarter of the 2026-27 financial year. Revenue from operations also dropped 31% over the same period.

Despite the weaker profitability, the company's business volumes remained sizeable. Sammaan Capital reported assets under management (AUM) of Rs 56,239 crore and disbursements of Rs 3,875 crore for the quarter. The lender also outlined plans to accelerate growth and to reduce its funding costs — a lever that carries weight for non-banking finance companies, which, unlike banks, largely fund themselves through borrowings from banks and debt markets rather than customer deposits, so their cost of funds feeds directly into lending margins.

Sammaan Capital is a housing finance-focused non-banking finance company (NBFC) that was known as Piramal Capital & Housing Finance until its rebranding in 2025. The company is part of the Piramal group; its finance arm had previously absorbed mortgage lender Dewan Housing Finance Corporation (DHFL), which the group acquired in 2021 through the insolvency resolution process that followed DHFL's collapse during the credit squeeze that swept India's NBFC sector after the 2018 default of Infrastructure Leasing & Financial Services (IL&FS). Sammaan Capital's shares are listed and traded on Indian stock exchanges.

With Q1 showing shrinking revenue and profit alongside a still-large balance sheet, the metrics management itself has flagged — disbursement growth, AUM expansion and progress on lowering borrowing costs — are the ones to track in the quarters ahead.

Source: Economic Times Markets