Purple Finance Reports Profitability And AUM Growth

24 Apr 2026 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..