TruCap Finance Ltd

TruCap Finance Reports Sharp Decline in AUM & Customer Base 📉

- AUM declined from ₹10,627M (Q1 FY'25) to ₹5,986M (Q1 FY'26) due to MSME lending stress

- Branches reduced from 128 to 110, consolidating in MP & Delhi NCR

- Active customers fell sharply from 100,674 to 43,201

- Total income decreased from ₹524M to ₹420M; finance costs down from ₹261M to ₹195M

- Operating costs rose from ₹231M to ₹277M; provisions surged from ₹10M to ₹103M

- Loss after tax of ₹89M vs. profit of ₹14M YoY

- Net borrowings down from ₹7,000M to ₹4,074M; net worth declined from ₹2,307M to ₹1,422M

- Debt/Equity stable at 2.9x (was 3.0x)

- Gross NPAs up from 1.5% to 5.5%; Net NPAs rose from 0.9% to 3.4%

- Operates 110 centers focused on Tier II/III/IV locations

- Key products: Gold Loans, Green Energy Finance, Business Loans (₹0.1M-₹5M range)