Laxmi India Finance Reports Significant Growth in Customer Base and Assets Under Management
Laxmi India Finance Limited, formerly known as Laxmi India Finance Private Limited, has reported strong growth metrics for the financial year ended March 31, 2026, reflecting a continued scale-up of its lending portfolio and expanding operational footprint.The company announced that its total customer base increased by 20.35% year over year (YoY), reaching 42,809 as of March 31, 2026, compared to 35,568 at the end of March 31, 2025.
Key Financial and Operational Highlights
The financial results for the year demonstrate robust expansion across core business areas. Assets under management (AUM) witnessed a substantial growth of 27.34% YoY, escalating to approximately Rs 1,626.26 crore as of March 31, 2026. This figure is notably higher than the Rs 1,277.02 crore reported on March 31, 2025.In terms of lending activity, disbursements grew by 14.32%, achieving Rs 821.43 crore in FY26, compared to Rs 718.53 crore in FY25.
The company has significantly expanded its operational reach. It entered the state of Maharashtra, increasing its overall presence to 6 states. Furthermore, the branch network expanded to 176 as of March 31, 2026, up from 158 recorded on March 31, 2025.
The financial efficiency of the company also showed improvement, with the cost of funds decreasing to 10.80% as of March 31, 2026, compared to 11.48% on March 31, 2025. This improvement was supported by securing new credit lines from a diversified set of financial institutions, including private sector banks, public sector banks, and NBFCs.
Organizational Strength and Rating
The company’s internal capacity and external standing were highlighted by growth in its employee base. The employee count increased to 1,805 as of March 31, 2026, up from 1,434 recorded on March 31, 2025.A key development was the upgrade of the company's external credit rating by Acuite Ratings & Research Limited. The rating was upgraded to 'ACUITE A (Stable)' from 'ACUITE A- (Positive)', signaling a strengthening of Laxmi India Finance Limited's credit profile and overall financial position.
The following table summarizes the comparative data points:
| Metric | As of March 31, 2026 | As of March 31, 2025 | Change / Comparison |
|---|---|---|---|
| Customer Base | 42,809 | 35,568 | 20.35% YoY increase |
| Assets Under Management | Rs 1,626.26 crore | Rs 1,277.02 crore | 27.34% YoY increase |
| Disbursements (FY) | Rs 821.43 crore | Rs 718.53 crore | 14.32% increase |
| Cost of Funds | 10.80% | 11.48% | Improved |
| Branch Network | 176 | 158 | Expansion |
| Employee Base | 1,805 | 1,434 | Increase |
LAXMIINDIA Stock Price Movement
On Friday, shares of Laxmi India Finance Limited slipped by 1.01% to settle at ₹120.36. The equity traded on a volume of 196,667 shares.Source:
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