Sammaan Capital Limited has reported its financial results for the quarter and year ended March 31, 2026, marked by a strategic business model transition. The company recorded a consolidated net loss of ₹8,101.41 crore for the quarter, primarily driven by exceptional items related to the reclassification of ₹14,953 crore in non-core loan assets. Following its transition into an IHC Group Company, Sammaan Capital remains focused on retail asset growth and long-term transformation.
Quarterly and Annual Financial Performance
For the quarter ended March 31, 2026, Sammaan Capital reported a consolidated total income of ₹1,361.32 crore. The financial year was significantly impacted by an exceptional item of ₹6,499.17 crore, resulting from the reclassification of non-core exposures to ‘Hold to Sell’, as part of the company’s strategy to align its portfolio with a focus on retail assets.
Strategic Business Transition
During the fourth quarter, Sammaan Capital transitioned into an IHC Group Company following a strategic investment by Avenir Investment RSC Ltd, an entity controlled by International Holding Company (IHC). This transaction represents one of the largest foreign direct investments in the Indian non-banking financial sector, with total committed funding of ₹8,850 crore.
Portfolio Realignment and Resolution
The company has proactively addressed its portfolio by identifying ₹14,953 crore of non-core assets for resolution. These assets, which were deemed misaligned with the forward-looking strategy, are being actively resolved through sales to Asset Reconstruction Companies (ARCs), negotiated exits, and structured settlements. Management has also recognized an additional ₹1,850 crore in Expected Credit Loss (ECL) management overlay to account for broader macroeconomic and sectoral uncertainties.
Enhanced Credit Profile and Funding
Despite the current year’s losses, the company has seen positive momentum in its credit standing. Recent upgrades include Moody’s upgrading the long-term corporate family rating to B1 with a Positive Outlook, and CRISIL upgrading the long-term debt programme to AA+/Stable. Additionally, CARE Ratings upgraded the long-term debt programme to ‘CARE AA+; Stable’ and the perpetual debt instruments to ‘CARE AA/Stable’, reflecting improved market confidence in the company’s long-term transformation.
Source: BSE
