Sammaan Capital Ltd.PAT ₹243 Cr; AUM ₹56,239 Cr; AA+ rating

Sammaan Capital reported Q1 FY27, its first quarter under IHC ownership, with profit after tax of ₹243 Cr, assets under management of ₹56,239 Cr and disbursements of about ₹3,875 Cr across five products to about 12,000 new customers.

Gross recoveries were ₹424 Cr and net recoveries after provisions ₹240 Cr, net NPA was 0.15% and capital adequacy was 20.1%. Domestic ratings rose to AA+ from AA and international ratings to BB- from B+, and stock cost of funds fell from 10.5% to 10%, with management targeting 9.3% by year end and AAA in H2 FY27 to FY28. Management guides disbursements of ₹30,000 Cr in FY27, with ₹10,000 Cr in the first half, and ₹40,000 Cr to ₹50,000 Cr in FY28, widening from mortgages into personal loans, loans against securities, micro LAP and rural home loans, with branches rising from about 240 to 270 this year and 800 by next year. Cost-to-income is about 50% this year, falling to 30% to 35% by FY29.