Niyogin Q1 FY27: iServeU revenue softens, NBFC AUM at ₹332 Cr

Niyogin Fintech reported its Q1 FY27 results, highlighting continued strategic execution across its iServeU and NBFC businesses. Despite a cautious stance due to environmental risks, core revenue streams grew. iServeU experienced a revenue softening due to changes in UPI acquiring models and chip shortages affecting device deployments, though its recurring SaaS revenue increased. The NBFC business maintained a measured performance with calibrated portfolio growth and a strong balance sheet. Consolidated net revenue stood at ₹22.1 Cr, down 8% YoY, with a consolidated PBT of ₹(6.0) Cr. The company is progressing with its demerger plans, having filed an application with the NCLT.