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After crossing Rs 500 crore in revenue in FY25, education-focused NBFC Auxilo continued its growth momentum with 28% year-on-year growth in the fiscal year ended March 2026, while its net profit remained largely stable at Rs 117 crore despite higher finance and employee costs. Auxilo's revenue from operations rose to Rs 676 crore in FY26 from Rs 528 crore in FY25, according to its consolidated financial statements filed with the Registrar of Companies (RoC). The Mumbai-based NBFC provides education loans to students pursuing higher studies in India and abroad. Its offerings cover tuition fees, pre-visa expenses, travel and other education-related costs. Interest income remained Auxilo's primary revenue source, contributing Rs 610 crore in FY26, a 28% increase from Rs 477.5 crore in FY25. However, fees and commission income declined 13% to Rs 32.4 crore during the year. The company also recorded Rs 21.3 crore in net gains from fair value changes and Rs 14 crore from non-operating activities, which took its total income to Rs 690 crore in FY26, compared to Rs 544 crore in FY25. For the NBFC firm, finance costs accounted for the largest expenditure, rising 36% to Rs 384.7 crore from Rs 282.2 crore in FY25. Its employee benefit expenses surged 47% to Rs 82.5 crore during the year. Other expenses such as IT expenses, advertisement, business sourcing, legal & professional drove overall Auxilo's total expenditure by 35% to Rs 533 crore in FY26, compared to Rs 394 crore in the previous fiscal year. Despite the rise in operating revenue, higher finance and employee costs weighed on the company's profitability. Auxilo's profit after tax increased marginally to Rs 117 crore in FY26 from Rs 112 crore in FY25. The company held cash and bank balances of Rs 412 crore at the end of FY26, compared to Rs 544 crore a year earlier. The Mumbai-based firm has raised over $200 million in equity and debt to date from Tata Capital, Balrampur Chini Mills, ICICI Bank, and others. Auxilo competes with education financing players such as Avanse Financial, Grayquest, Propelld, Financepeer and Leap Finance.
document fetched 2026-09-23 03:00