Niyogin Fintech Reports Profitable Q3 FY26 Results; iServeU Wins New Orders and NBFC Shows Sustained Profitability
Niyogin Fintech Ltd. reported profitable results for its key businesses, NBFC and ISU, in line with its guidance for Q3 FY26. The company witnessed multiple quarters of sustained profitability for both businesses. iServeU (ISU) secured new orders, with a current order book of approximately Rs. 635 Cr across 43 contracts, including soundbox solutions, POS solutions, and bill payment solutions. The company added 17 new partners in the Program Management business, expanding distribution and reach. The NBFC AUM stood at $314 Cr, with partnerships contributing ~89%. The company raised Rs. 40 Cr, further strengthening its liquidity. Key highlights for the quarter include iServeU’s financial performance, key contract wins, and NBFC's partnerships and alliances.
Key Highlights
- iServeU’s financial performance: Gross revenue stood at Rs. 44 Cr; Net revenue stood at Rs. 21 Cr (up 23% QoQ); EBITDA and PBT stands at Rs. 5.4 Cr and Rs. 2.5 Cr respectively.
- iServeU’s key contract wins: UPI solution for IDBI bank and participation in new tenders.
- NBFC: Partnerships and alliances remain the dominant sourcing channel, contributing ~89% of the overall AUM (including co-lending and ecosystem channels). The number of loans processed LTD crossed 2.2 lacs this quarter.