loading
loading
The country's largest non-banking financial company-microfinance institution (NBFC-MFI) revised its return on assets guidance upwards to 5.2-5.8% from an earlier projection of 4.0-4.8% and return on equity guidance to 21–24% from 16-20%. Its total income jumped 26% at Rs 1905 crore for the quarter from Rs 1509 crore in the year-ago period. Total expenses stood lower at Rs 1234 crore against Rs 1340 crore. The lender provided Rs 299 crore to cover credit risk for the quarter as compared with Rs 526 crore provided a year prior. The gross non-performing assets ratio fell to 1.79% at the end of September from 4.06% a year back. The lender's assets under management grew 19.5% year-on-year to Rs 30,946 crore. The management has guided the annual AUM growth at 20-25% and credit cost at 3-4%. "We will remain cautious in districts showing drought-related challenges, while meeting the growing credit needs of our seasoned customers, and stepping up new customer acquisition," managing director Ganesh Narayanan said. The company has reduced loan pricing by 50 basis points from October. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-10-23 02:56