{"id":181120,"date":"2026-02-17T00:36:21","date_gmt":"2026-02-17T05:36:21","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=181120"},"modified":"2026-02-17T00:36:21","modified_gmt":"2026-02-17T05:36:21","slug":"dar-credit-capital-reports-higher-q3-profit-as-lending-portfolio-expands-in-fy26","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/dar-credit-capital-reports-higher-q3-profit-as-lending-portfolio-expands-in-fy26\/","title":{"rendered":"Dar Credit &amp; Capital reports higher Q3 profit as lending portfolio expands in FY26"},"content":{"rendered":"\n<p><strong>Dar Credit &amp; Capital Ltd (NSE Emerge: DCCL)<\/strong> reported higher revenue and profitability in the quarter ended December 31, 2025, supported by growth in its lending portfolio, stable asset quality and expansion of credit operations across underserved borrower segments.<\/p>\n\n\n\n<p>For Q3 FY26, total income rose to \u20b91,260.9 lakh from \u20b91,039.8 lakh in Q3 FY25, while profit after tax increased to \u20b9252.1 lakh compared with \u20b9179.5 lakh in the year-ago quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Business overview<\/strong><\/h2>\n\n\n\n<p>Dar Credit &amp; Capital is a non-deposit-taking base-layer NBFC registered with the Reserve Bank of India. The company focuses on lending to underbanked customer groups, including municipal employees and small business owners, with an emphasis on personal loans and MSME financing.<\/p>\n\n\n\n<p>As of December 2025, the company operated through 35 branches across six Indian states, serving more than 21,800 active customers. The lending portfolio stood at \u20b9202.31 crore, with an additional managed portfolio of \u20b910.73 crore.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial performance \u2014 Q3 FY26<\/strong><\/h2>\n\n\n\n<p>Revenue from operations grew to \u20b91,255.6 lakh in Q3 FY26 compared with \u20b91,003.7 lakh in Q3 FY25. EBITDA increased to \u20b9888.9 lakh from \u20b9737.0 lakh.<\/p>\n\n\n\n<p>Finance costs were \u20b9533.2 lakh, while total expenditure rose to \u20b9372.0 lakh from \u20b9302.8 lakh in the prior-year quarter. Profit before tax increased to \u20b9355.3 lakh, and PAT rose 40% year-on-year to \u20b9252.1 lakh.<\/p>\n\n\n\n<p>Earnings per share for the quarter stood at \u20b91.77 compared with \u20b91.80 in Q3 FY25.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Nine-month performance (9M FY26)<\/strong><\/h2>\n\n\n\n<p>For the nine months ended December 31, 2025, total income rose to \u20b93,562.2 lakh from \u20b93,105.8 lakh in the corresponding period last year.<\/p>\n\n\n\n<p>EBITDA increased to \u20b92,450.7 lakh, while profit before tax rose to \u20b9870.8 lakh. Profit after tax increased to \u20b9704.2 lakh from \u20b9511.3 lakh in 9M FY25.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Lending metrics and portfolio quality<\/strong><\/h2>\n\n\n\n<p>The total loan portfolio increased to \u20b921,304 lakh in 9M FY26 compared with \u20b918,714 lakh in FY25. Personal loans to municipal employees contributed \u20b98,245 lakh, unsecured MSME loans \u20b96,991 lakh, and secured MSME loans \u20b94,996 lakh.<\/p>\n\n\n\n<p>Gross NPA stood at 1.54% as of December 2025, while capital adequacy ratio remained at 43.84%, above regulatory requirements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Balance sheet and funding<\/strong><\/h2>\n\n\n\n<p>Total assets rose to \u20b926,457 lakh as of December 31, 2025, compared with \u20b922,260 lakh at the end of FY25. Shareholders\u2019 funds increased to \u20b910,076 lakh following the company\u2019s IPO during FY26.<\/p>\n\n\n\n<p>The company also issued listed non-convertible debentures totaling \u20b920 crore during FY26 and approved an additional NCD issuance of up to \u20b910 crore on a private placement basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strategic developments<\/strong><\/h2>\n\n\n\n<p>During FY26, the company completed its IPO on NSE Emerge and raised funds primarily for augmenting capital and working capital needs.<\/p>\n\n\n\n<p>Management highlighted digital lending infrastructure, AI-based credit assessment initiatives, and expansion into semi-urban and underserved regions as part of its operating strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Risks and constraints<\/strong><\/h2>\n\n\n\n<p>The disclosures note that performance remains sensitive to borrowing costs, credit risk, underwriting quality, and regulatory changes including labour-code related provisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h2>\n\n\n\n<p>Management stated that focus areas include scaling the loan book, maintaining asset quality, strengthening underwriting processes and expanding branch and digital-led operations across target markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dar Credit &amp; Capital Ltd (NSE Emerge: DCCL) reported higher revenue and profitability in the quarter ended December 31, 2025, supported by growth in its lending portfolio, stable asset quality and expansion of credit operations across underserved borrower segments. For Q3 FY26, total income rose to \u20b91,260.9 lakh from \u20b91,039.8 lakh in Q3 FY25, while [&hellip;]<\/p>\n","protected":false},"author":2390,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,1941,1],"tags":[16611,16612,16613,16615,16614],"class_list":["post-181120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-stock-analysis","category-finance-stocks","tag-dar-credit-capital","tag-dccl","tag-dccl-q3-fy26","tag-msme-lending-india","tag-nbfc-india"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180352,"url":"https:\/\/alphastreet.com\/india\/apollo-finvest-q3-fy26-results-digital-first-nbfc-reports-strong-profitability-retail-lending-momentum-and-robust-portfolio-quality\/","url_meta":{"origin":181120,"position":0},"title":"Apollo Finvest Q3 FY26 Results Digital-First NBFC Reports Strong Profitability, Retail Lending Momentum and Robust Portfolio Quality","author":"Staff Correspondent","date":"February 11, 2026","format":false,"excerpt":"Apollo Finvest (India) Ltd, (NSE: APOLLOFI, BSE: 512437), a publicly listed digital-first non-banking financial company (NBFC), reported continued profitability and improving operational metrics for the third quarter of FY26, supported by disciplined cost management, expanding retail partnerships and data-driven lending initiatives. 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