Sammaan Capital shares jump 10% after balance sheet clean-up brings NPAs down to ‘zero’

Shares of Mortgage-focused Sammaan Capital Ltd. surged as much as 10% on Thursday, May 21, in response to its fourth quarter results, which were reported after market hours on Wednesday.The company used the capital infusion by IHC to write-off, provision for the legacy stressed book, thereby bringing their Gross and Net NPA down to Zero at the end of the March quarter. The adjustments led to multiple one-offs, which resulted in the company reporting a large net loss.

Sammaan Capital reported a consolidated net loss of ₹8,101.4 crore for the fourth quarter, compared with a loss of ₹324.04 crore in the corresponding period last year.
Net interest income (NII) declined 92% year-on-year to ₹84.3 crore from ₹1,057.2 crore. The company reported impairment on financial instruments of ₹2,958.1 crore and exceptional items of ₹6,499.1 crore during the quarter.

Sammaan Capital’s Guidance

For financial year 2027, Sammaan Capital, expects marginal cost of funds to decline by 160 basis points initially, and 270 basis points over time as ratings improve.
The company is guiding for nearly 80% disbursements in existing mortgage products over financial year 2027-2028 and get its disbursement mix to 50-50 across mortgage-backed and other products by financial year 2030.Sammaan Capital is planning a foray into gold loans, business loans, personal loans, unsecured retail lending and loan against securities.

All three domestic rating agencies have also upgraded the company’s rating to AA+, improving borrowing creditbilty.

Also Read: Sammaan Capital aims for top 3 NBFC spot by FY29 after $1 billion IHC deal

The company said its Capital Adequacy Ratio (CAR) stood at 20.3%, while the Liquidity Coverage Ratio (LCR) was at 139%, compared with the regulatory requirement of 100%.

Gagan Banga, Managing Director and CEO of Sammaan Capital Ltd, said, “Sammaan Capital has entered a defining new chapter. With IHC Group as our Promoter, we are no longer just a well-capitalised lender — we are an institution built for scale.

Shares of Sammaan Capital are trading 10% higher at ₹155.81. With this move, the stock has also turned positive on a year-to-date basis.