InCred Finance, the lending technology arm of IPO-bound fintech company InCred Holdings, reported a consolidated net profit of ₹172 crore in Q1 FY27, marking an 82% increase from ₹94 crore in the same quarter last year, according to inc42.com. The company attributed the profit surge to growing loan disbursements, improved operating leverage, and healthy asset quality.
The company’s loan book, excluding assigned loans, expanded to ₹14,809 crore in Q1 FY27, driven by momentum across its five lending verticals and sustained demand from its target customer segments. InCred Finance’s cost-to-income ratio improved to 44.6% from 45.8% in Q1 FY26. Gross non-performing assets (NPA) declined to 2% from 2.3%, while net NPA stood at 0.7%, down from 0.9% a year ago.
InCred Finance highlighted its disciplined credit underwriting approach, supported by an AI-enabled proprietary technology platform developed in-house, as a key factor behind its stable asset quality metrics amid book expansion. The company’s net worth, adjusted for intangibles, reached ₹4,244 crore at the end of June 2026. This performance underscores the company’s focus on risk management and operational efficiency within India’s competitive fintech lending sector.
InCred Finance’s results for Q1 FY27 reflect continued growth and asset quality improvement, positioning the company strongly ahead of its planned IPO. The next quarterly earnings update will provide further insights into the company’s financial trajectory and market positioning.