Friday, November 7, 2025

Sammaan Capital Q2 net profit slips 8% sequentially; revenue contracts 6%

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Housing finance company Sammaan Capital Ltd (formerly Indiabulls Housing Finance Ltd) on Friday (October 31) reported a 7.6% sequential decline in net profit to ₹309 crore for the quarter ended September 2025, compared with ₹334.3 crore in the previous quarter.Revenue from operations dropped 6.2% year-on-year to ₹2,251 crore from ₹2,400.3 crore in the corresponding quarter last year.

During the quarter, the company completed a preferential issue of equity shares and warrants amounting to ₹1,250 crore. The issue involved 13.16 crore equity shares and 9.38 crore warrants at a price of ₹54 per share. With this, the company’s total equity capital has expanded to ₹2,192 crore.

Also Read: Sammaan Capital shares gain 25% in six consecutive days of gains — Here’s why
As of September 30, 2025, the company reported a capital adequacy ratio of 36.3%. The net non-performing asset (NPA) ratio stood at 1.9%. The loan book was largely retail-focused, comprising affordable home loans, loans against property, and co-lending partnerships with banks.Over 75% of the company’s growth book is backed by residential property loans, with the portfolio geographically diversified across India, ensuring no regional concentration risk. Target borrowers include self-employed professionals, small business owners, and salaried employees with an annual median income of around ₹16 lakh.

About 25.5% of the borrower base comprises salaried individuals. The company maintains moderate loan-to-value (LTV) ratios, with average home loan LTV at 70% and MSME loan-against-property (LAP) LTV at 55%.

Also Read: Sammaan Capital shares fall 5% after six-day winning run on IHC deal; Stock in F&O ban

During the quarter, Sammaan Capital’s board also approved the issuance of secured, redeemable, non-convertible debentures of up to ₹5,000 crore on a private placement basis, subject to market conditions.

Shares of Sammaan Capital Ltd ended at ₹187.70, up by ₹3.20, or 1.73%, on the BSE.

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