Northern Arc Capital Limited — quarter and year ended 31 March 2026
| Particulars | Quarter ended 31 March 2026 | Quarter ended 31 December 2025 | Quarter ended 31 March 2025 | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|---|---|---|
| Revenue from operations | |||||
| Interest income | 68,005.94 | 62,875.45 | 55,068.73 | 2,43,221.55 | 2,18,173.69 |
| Fee and commission income | 1,100.47 | 1,780.13 | 1,460.78 | 5,587.69 | 4,675.51 |
| Net gain on fair value changes | – | 886.51 | 826.71 | 1,234.38 | 1,439.69 |
| Net gain on derecognition of financial instruments | 4,029.51 | 5,614.40 | 1,611.78 | 13,385.95 | 4,122.53 |
| Total revenue from operations | 73,135.92 | 71,156.49 | 58,968.00 | 2,63,429.57 | 2,28,411.42 |
| Other income | 336.88 | 270.10 | 315.55 | 953.66 | 1,240.04 |
| Total income | 73,472.80 | 71,426.59 | 59,283.55 | 2,64,383.23 | 2,29,651.46 |
| Expenses | |||||
| Finance costs | 23,718.08 | 22,884.92 | 19,753.33 | 88,567.88 | 82,286.37 |
| Fees and commission expense | 10,482.68 | 12,603.32 | 8,381.98 | 36,820.32 | 32,940.65 |
| Net loss on fair value changes | 548.06 | – | – | – | – |
| Impairment on financial instruments | 8,728.03 | 13,403.80 | 17,528.92 | 41,238.59 | 37,852.62 |
| Employee benefits expenses | 6,081.58 | 6,037.58 | 5,061.00 | 23,857.61 | 20,385.29 |
| Depreciation and amortisation | 415.65 | 433.66 | 430.56 | 1,669.69 | 1,531.32 |
| Other expenses | 5,210.10 | 3,885.33 | 3,328.41 | 15,229.82 | 10,483.44 |
| Total expenses | 55,184.18 | 59,248.61 | 54,484.20 | 2,07,383.91 | 1,85,479.69 |
| Profit before tax | 18,288.62 | 12,177.98 | 4,799.35 | 56,999.32 | 44,171.77 |
| Tax expense | |||||
| Current tax | 3,485.37 | 1,628.51 | 4,111.32 | 13,355.37 | 16,170.32 |
| Tax related to earlier years | (348.00) | – | (1,006.00) | (348.00) | (1,006.00) |
| Deferred tax | 1,288.90 | 1,332.81 | (2,979.76) | 1,076.63 | (5,254.05) |
| Total tax expense | 4,426.27 | 2,961.32 | 125.56 | 14,084.00 | 9,910.27 |
| Profit for the period / year | 13,862.35 | 9,216.66 | 4,673.79 | 42,915.32 | 34,261.50 |
| Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss in subsequent periods | |||||
| Remeasurement gain / (loss) on the defined benefit plan | 51.75 | (96.58) | (59.90) | (72.61) | (66.68) |
| Income tax relating to items that will not be reclassified to profit or loss | (13.02) | 24.31 | 15.07 | 18.28 | 16.78 |
| 38.73 | (72.27) | (44.83) | (54.33) | (49.90) | |
| Items that will be reclassified to profit or loss in subsequent periods | |||||
| Net (loss) / gain on financial instruments through other comprehensive income | (9,285.71) | 2,763.93 | 3,381.93 | (4,229.61) | (2,908.30) |
| Income tax relating to items that will be reclassified to profit or loss | 2,337.21 | (695.68) | (851.23) | 1,064.59 | 732.02 |
| (6,948.50) | 2,068.25 | 2,530.70 | (3,165.02) | (2,176.28) | |
| Net gain / (loss) on effective portion of cash flow hedges | 5,996.98 | 321.15 | (4,853.10) | 9,778.04 | (901.53) |
| Income tax relating to items that will be reclassified to profit or loss | (1,509.44) | (80.83) | 1,221.53 | (2,461.13) | 226.92 |
| 4,487.54 | 240.32 | (3,631.57) | 7,316.91 | (674.61) | |
| Other comprehensive (loss) / income for the period / year | (2,422.23) | 2,236.30 | (1,145.70) | 4,097.56 | (2,900.79) |
| Total comprehensive income for the period / year | 11,440.12 | 11,452.96 | 3,528.09 | 47,012.88 | 31,360.71 |
| Earnings per equity share, par value of INR 10 each* | |||||
| Basic (in rupees) | 8.58 | 5.70 | 2.90 | 26.57 | 22.59 |
| Diluted (in rupees) | 8.52 | 5.68 | 2.89 | 26.39 | 22.53 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Financial assets | ||
| Cash and cash equivalents | 22,510.61 | 32,120.04 |
| Bank balances other than cash and cash equivalents | 26,126.56 | 31,482.92 |
| Derivative financial instruments | 21,835.82 | 5,476.55 |
| Trade receivables | 1,070.79 | 1,201.75 |
| Loans | 12,49,276.83 | 10,57,237.78 |
| Investments | 2,88,995.30 | 1,95,682.05 |
| Other financial assets | 38,960.68 | 9,320.14 |
| Total Financial assets | 16,48,776.59 | 13,32,521.23 |
| Non-financial assets | ||
| Current tax assets (net) | 828.09 | – |
| Deferred tax assets (net) | 7,238.79 | 9,693.68 |
| Property, plant and equipment | 727.40 | 938.48 |
| Right of use asset | 2,074.05 | 2,495.71 |
| Intangible assets under development | 1,303.59 | 593.49 |
| Goodwill | 2,085.13 | 2,085.13 |
| Other intangible assets | 853.49 | 1,313.96 |
| Other non-financial assets | 1,408.62 | 2,425.11 |
| Total Non-financial assets | 16,519.16 | 19,545.56 |
| TOTAL ASSETS | 16,65,295.75 | 13,52,066.79 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Financial liabilities | ||
| Derivative financial instruments | – | 2,363.48 |
| Trade payables | – | – |
| Total outstanding dues of micro and small enterprises | – | – |
| Total outstanding dues of creditors other than micro and small enterprises | 24,542.18 | 6,726.54 |
| Debt securities | 1,39,436.35 | 1,40,785.32 |
| Borrowings (other than debt securities) | 10,80,401.27 | 8,37,654.22 |
| Other financial liabilities | 26,061.37 | 17,670.10 |
| Total Financial liabilities | 12,70,441.17 | 10,05,199.66 |
| Non-financial liabilities | ||
| Provisions | 1,983.35 | 1,578.36 |
| Current tax liabilities | – | 2,832.34 |
| Other non-financial liabilities | 3,522.96 | 1,540.97 |
| Total Non-financial liabilities | 5,506.31 | 5,951.67 |
| EQUITY | ||
| Equity share capital | 16,157.18 | 16,137.93 |
| Other equity | 3,73,191.09 | 3,24,777.53 |
| Total Equity | 3,89,348.27 | 3,40,915.46 |
| TOTAL LIABILITIES AND EQUITY | 16,65,295.75 | 13,52,066.79 |
| Particulars | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| A Cash flow from operating activities | ||
| Profit before tax | 56,999.32 | 44,171.77 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and amortisation expenses | 1,669.69 | 1,531.32 |
| Interest income on loans, fixed deposits and investments | (2,43,221.55) | (2,18,173.69) |
| Unrealised (gain) / loss on investments | (957.10) | (393.16) |
| Gain on investment in mutual funds | (464.19) | (723.69) |
| Profit on sale of investments | 186.91 | (716.00) |
| Impairment on financial instruments including amounts written off | 41,238.59 | 37,852.62 |
| Employee share based payment expenses | 855.19 | 1,303.88 |
| Amortisation of discount on commercial papers | 1,827.31 | 2,400.31 |
| Finance costs | 86,740.57 | 79,886.06 |
| Interest on income tax refund | (46.62) | (214.92) |
| Net gain on derecognition of financial assets | (13,385.95) | (4,122.53) |
| Gain on account of lease foreclosed | – | (0.78) |
| Cash used in operations before working capital changes and adjustments | (68,557.83) | (57,198.81) |
| Changes in working capital and other changes: | ||
| Changes in other financial assets | (15,815.14) | 5,133.74 |
| Changes in trade receivables | 132.83 | 236.08 |
| Changes in loans | (3,52,141.95) | (2,86,906.59) |
| Changes in other non financial assets | 1,016.49 | (793.69) |
| Changes in other bank balances | 5,549.09 | (8,943.80) |
| Changes in other financial liabilities | 8,813.69 | 1,780.91 |
| Changes in other non-financial liabilities | 1,981.99 | 349.08 |
| Changes in trade payables and provisions | 18,085.48 | (8,140.08) |
| Cash used in operations before adjustments | (4,00,935.35) | (3,54,483.16) |
| Proceeds from de-recognition of financial assets | 84,525.08 | 81,746.19 |
| Recovery from written off assets | 32,024.05 | 44,712.79 |
| Interest income received on loans, fixed deposits and investments | 2,35,790.34 | 2,15,103.87 |
| Finance cost paid | (87,170.10) | (81,568.04) |
| Income tax paid (net) | (16,621.18) | (10,910.65) |
| Net cash used in operating activities (A) | (1,52,387.16) | (1,05,399.00) |
| B Cash flows from investing activities | ||
| Purchase of property, plant and equipment, other intangible assets and intangibles under development | (1,000.02) | (1,623.92) |
| Proceeds from disposal of right of use assets | – | 0.26 |
| Purchase of investments | (13,74,703.53) | (3,81,225.71) |
| Proceeds from sale of investments | 12,78,160.84 | 3,69,920.72 |
| Investment in associate | – | (26,730.49) |
| Sale of investments in associate | 11,250.00 | – |
| Investment in subsidiary | (1,800.00) | (100.00) |
| Net cash used in investing activities (B) | (88,092.71) | (39,759.14) |
| C Cash flow from financing activities | ||
| Proceeds from issue of debt securities | 75,594.09 | 87,500.00 |
| Repayment of debt securities | (77,885.41) | (87,181.54) |
| Proceeds from borrowings (other than debt securities) | 7,14,946.13 | 9,87,520.00 |
| Repayment of borrowings (other than debt securities) | (4,81,356.50) | (9,13,268.92) |
| Payment of principal portion of lease liabilities | (676.44) | (338.00) |
| Payment of interest on lease liabilities | (275.26) | (270.80) |
| Share application money received pending allotment | – | 38.84 |
| Proceeds from issue of equity share capital including securities premium | 523.83 | 87,154.77 |
| Net cash generated from financing activities (C) | 2,30,870.44 | 1,61,154.35 |
| Net (decrease) / increase in cash and cash equivalents (A+B+C) | (9,609.43) | 15,996.21 |
| Cash and cash equivalents at the beginning of the year | 32,120.04 | 16,123.83 |
| Cash and cash equivalents at the end of the year | 22,510.61 | 32,120.04 |
| Objects of the issue | IPO Proceeds | Utilisation upto 31 March 2026 | Unutilised as at 31 March 2026 |
|---|---|---|---|
| Meet future capital requirements towards onward lending | 44,984.46 | 44,984.46 | – |
| Total | 44,984.46 | 44,984.46 | – |
| Particulars | Transferred | Acquired Retail | Acquired Non Retail |
|---|---|---|---|
| Aggregate amount of loans transferred* / acquired through assignment (₹ in lakhs) | 93,916.76 | 45,960.92 | – |
| Number of loans (in absolute numbers) | 110,077 | 76,264 | – |
| Sale consideration / purchase consideration (₹ in lakhs) | 84,525.08 | 45,960.92 | – |
| Number of transactions (in absolute numbers) | 15.00 | 22.00 | – |
| Weighted average maturity (in years) | 3.76 | 4.96 | – |
| Weighted average holding period (in years) | 0.99 | 0.90 | – |
| Retention of beneficial economic interest by originator | 10% | 10% | – |
| Tangible security coverage | – | – | – |
| Rating-wise distribution of related loans | – | – | – |
| Particulars | To Asset Reconstruction Companies (ARCs) | To permitted transferees | To other transferees (please specify) |
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