Laxmi India Finance Ltd

📈 Laxmi India Finance Expands to Maharashtra & Reports Strong FY26 Growth

• Expanded geographic footprint by entering Maharashtra, now present in 6 states

• Branch network grew to 176 branches from 158 the previous year

• Disbursement increased by 14.32% to ₹821.43 crore in FY26 compared to FY25

• Cost of funds improved to 10.80% from 11.48% due to new credit lines from financial institutions

• Customer base increased by 20.35% year-over-year to 42,809 as of March 31, 2026

• Assets under management grew by 27.34% year-over-year to approximately ₹1,626.26 crore

• Employee base increased to 1,805 from 1,434 year-over-year

• External credit rating upgraded by Acuite Ratings & Research to 'ACUITE A (Stable)' from 'ACUITE A- (Positive)'