Niyogin Fintech Q1 FY27: Revenue ₹22.1 Cr, PBT ₹-6.2 Cr
Niyogin Fintech Ltd reported Q1 FY27 consolidated net revenue of ₹22.1 Cr and a PBT (Ex-ESOP) of ₹-6.0 Cr. The company adopted a cautious stance due to environmental risks. The NBFC business showed measured performance with AUM at ₹332 Cr, while iServeU technologies faced challenges in UPI acquiring and device deployment due to chip shortages, impacting overall revenues. However, iServeU's recurring revenues grew significantly, and the business is transitioning towards a SaaS model. The company is progressing with its demerger plan, having filed an application with the NCLT. Despite missing guidance on headline numbers, Niyogin remains confident in delivering a profitable FY27 based on core revenue momentum.
Key Highlights
- Consolidated net revenue for Q1 FY27 stood at ₹22.1 Cr.
- iServeU's recurring revenues increased to ₹5.6 Cr, indicating a shift to SaaS.
- NBFC business maintained a conservative balance sheet with debt-to-equity below 1.0.
- Demerger application filed with NCLT; SEBI, BSE, and RBI approvals received.
- Company targets Rs100-115 Cr net revenue for iServeU and Rs 450-500 Cr AUM for NBFC in FY27.
Price Impact
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