StartupsInc42about 2 hours ago
Finova Capital Profit Dips 11% to ₹165 Cr
4 min read
Peak XV and Norwest-backed Finova Capital reported an 11% drop in FY26 net profit to ₹165.3 Cr. Operating revenue rose 21% to ₹921.4 Cr, but loan disbursements fell 17% to ₹1,161.9 Cr. Gross NPAs increased to 3.22% from 2.39%. The NBFC is adopting AI-driven measures to improve collections and asset quality.
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