Niyogin Fintech Q2 FY27: Revenue Up 8% QoQ to ₹23.9 Cr

Niyogin Fintech Ltd has reported its CEO's Letter for the quarter ended September 30, 2026 (Q2 FY27). The company is back on its growth path with core revenues showing momentum, leading to confidence in delivering a profitable FY27. Key developments include completing required approvals for the Composite Scheme, awaiting final NCLT approval, and stabilization of the UPI acquiring business's aggregator-led model, leading to improved volumes. Logistical issues impacted Soundbox/POS device deployment, but an order book of ₹546 Cr remains strong, with supplies now sourced from Indian manufacturers. The iServeU business continues its transition to a SaaS model, with recurring revenues growing to ₹6 Cr. The NBFC business performed measuredly, focusing on calibrated growth and disciplined underwriting, including a strategic credit partnership with Sammaan Capital for up to ₹500 Cr. The company maintained a conservatively positioned balance sheet with a debt-to-equity ratio below 1.0, targeting an NBFC AUM of ₹400-425 Cr. Consolidated net revenue for Q2 FY27 stood at ₹23.9 Cr, an 8% increase QoQ, with a consolidated PBT (Ex-ESOP) of ₹(4.4) Cr.