Oxyzo, an SME-focused non-banking financial company (NBFC), reported an 11% rise in net profit to ₹375.5 crore for fiscal year FY26, according to inc42.com. The company’s operating revenue increased 23% to ₹1,488.8 crore, driven by a 23% growth in interest income and a 13% rise in fee and commission income.
Founded in 2016 as the lending platform of OfBusiness, Oxyzo provides loans to SMEs in manufacturing and contracting sectors. Its loan book expanded to ₹10,545 crore with a gross non-performing asset (NPA) ratio of 0.74% and net NPA of 0.30%. The company’s total assets grew 28% to ₹11,822 crore, while its net worth stood at ₹3,327 crore with a capital adequacy ratio of 29% as of March 2026. Oxyzo maintains a diversified borrowing profile with partners including State Bank of India, Federal Bank, and Kotak Mahindra Bank.
The company’s financial performance highlights its strong position in the SME lending space, where credit demand remains robust. Oxyzo’s liquidity surplus of over ₹950 crore and low NPA ratios underscore its risk management capabilities. The firm is expanding beyond lending to build a comprehensive financial ecosystem for SME customers, reflecting broader trends of diversification among NBFCs in India’s fintech sector.
Looking ahead, Oxyzo aims to deepen its SME financial services offerings while maintaining capital adequacy and asset quality. Its partnerships with major banks and a strong liquidity position position it well to support SME growth. Market watchers will monitor how Oxyzo balances expansion with asset quality in the evolving NBFC landscape.