Purple Finance Limited, a digital-first non-banking financial company (NBFC), reported a strong close to financial year 2026 (FY26) with the milestone of sustained profitability and continued expansion of its loan book. The company operates a phygital lending model focused on micro, small and medium enterprises (MSME) and combines technology with branch presence to serve secured business lending requirements. Management reported that these strategic priorities underpinned recent operating improvements.

Profit before tax (PBT) was Rs four point two million (mn) in the fourth quarter of FY26, compared with a loss of Rs eight point eight million in the preceding quarter, reflecting improved operating leverage and business momentum. Total income rose by 28 per cent quarter-on-quarter to Rs 171.7 mn and assets under management (AUM) increased by 27 per cent quarter-on-quarter to Rs 2.49 billion (bn). Asset quality remained stable with gross non-performing assets below one point five per cent of AUM.

The company noted a sequence of milestones through the year, including a return to profitability from the third quarter, capital raised aggregating Rs 790 mn and the successful listing of Rs 250 mn of retail non-convertible debentures. The board has proposed an increase in capital of Rs 690 mn, subject to regulatory approvals, to support the next phase of growth. Management indicated that the strengthened balance sheet and improving operating leverage will help scale the lending franchise.

Founded by a team that brought more than 125 years of combined leadership experience, the firm entered retail secured lending in 2022 and now focuses on responsible growth in the MSME segment. It remains listed on BSE and intends to maintain disciplined credit evaluation and measured capitalisation as it expands.