Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has released its earnings update for Q3 FY26 and the nine months ended December 31, 2025. The update includes consolidated financial highlights and key business developments. The company is undergoing a merger of SFL’s NBFC business, and focusing on growth in MSME lending and retail housing finance, while managing its legacy book. Highlights include a 5.3% NIM and a 1.2% GNPA.
Financial Performance Highlights
Sammaan Capital reported the following key consolidated figures for Q3 FY26:
- Net Worth: ₹22,423 Cr
- Growth AUM: ₹44,038 Cr
- Legacy Loans: ₹20,162 Cr
- Total AUM: ₹64,200 Cr
- Profit Before Tax (PBT): ₹419 Cr
- Profit After Tax (PAT): ₹314 Cr
- NIM: 5.3%
- GNPA: 1.2%
- NNPA: 0.7%
For the nine months ended December 31, 2025 (9M FY26):
- PBT: ₹1,312 Cr
- PAT: ₹957 Cr
Merger of SFL’s NBFC Business
The merger of SFL’s NBFC business into Sammaan Capital (SCL) aims to consolidate lending and distribution, allowing SCL to offer a full suite of mortgage-backed loans. This structure intends to evolve SCL into a multi-product NBFC, pursuing broader financial services opportunities.
Growth Strategy & Initiatives
Key initiatives include:
- eMortgage: An end-to-end online loan fulfillment process aiming for paperless loan disbursement and automated credit decisioning. The company anticipates that up to 60% of customers will come through this channel by the end of FY26.
- Co-Lending Regulations: Leveraging new co-lending regulations to unlock scalability, focusing on API-driven integration with partner banks and NBFCs.
- Expanding into retail loans
Asset Quality
The company highlighted stable asset quality with the following figures:
- Gross Stage 3: 1.2%
- Net Stage 3: 0.7%
Source: BSE
