Mantra Capital Net Profit Under Strain with a Loss of ₹3.96 Crore in Q1 FY27

Non-banking financial company Mantra Capital Limited (formerly known as Savani Financials Limited; BSE: 511571) today announced its standalone unaudited financial results for the first quarter of fiscal year 2026-27 (Q1 FY27). The company recorded significant top-line growth driven by higher loan books, though spiking finance expenses and overheads continued to weigh heavily on net margins.

For the quarter ended June 30, 2026, the company reported a net loss of ₹395.70 lakh (₹3.96 crore), wider than the net loss of ₹255.53 lakh posted during the corresponding quarter of the previous fiscal year (Q1 FY26). However, sequentially, the net loss showed signs of stabilization, narrowing from the ₹483.02 lakh loss recorded in the preceding quarter ended March 31, 2026.

Operating Revenue Surges Over 140% YoY

The company experienced clear operational scale expansion during the initial quarter of the fiscal year:

Total Revenue from Operations: Revenue jumped 141.9% to ₹583.85 lakh in Q1 FY27, up from ₹241.30 lakh in Q1 FY26.

Interest Income: The primary growth catalyst was core interest earnings, which skyrocketed to ₹539.37 lakh against ₹182.15 lakh in the year-ago period.

Fees and Commission: Non-interest income streams like fees and commission income registered at ₹21.73 lakh (down from ₹32.89 lakh in Q1 FY26), while net gains on fair value changes (FVTPL) came in at ₹11.20 lakh.

Total Income: Factoring in other income, total corporate revenue stood at ₹588.19 lakh against ₹243.91 lakh year-on-year.

Financing Costs and Personnel Expenses Outpace Income

The expansion in lending operations brought an inevitable escalation in funding costs and administrative overheads, leading total expenses to scale to ₹976.53 lakh from ₹502.06 lakh in Q1 FY26. Key spending blocks included:

Finance Costs: Interest outlays on borrowings increased significantly to ₹307.13 lakh from a mere ₹24.82 lakh in the identical window last fiscal, indicating aggressive deployment of leverage.

Employee Benefit Expenses: Outlays towards human capital rose to ₹382.65 lakh, up from ₹296.09 lakh in Q1 FY26.

Impairments & Provisions: Provisions and asset impairments climbed to ₹63.97 lakh compared to ₹4.36 lakh in the base year's quarter.

Operational Overheads: Legal & professional costs stood at ₹97.61 lakh while other general expenditures reached ₹102.55 lakh.

Loss before tax stood at ₹388.34 lakh for the quarter under review, compared to a pre-tax loss of ₹258.15 lakh in Q1 FY26. A deferred tax charge of ₹7.36 lakh was adjusted during the quarter.

Earnings Per Share (EPS): Due to the net losses, basic EPS (non-annualized) for Q1 FY27 came in at ₹(1.20) per share against ₹(0.80) in the matching quarter of the prior fiscal. Diluted EPS for the period stood at ₹(1.19).

Equity Share Capital: Reflecting fresh equity issuances or conversions, the paid-up equity share capital expanded to ₹3,577.96 lakh (face value of ₹10 each), up from ₹3,198.99 lakh in Q1 FY26.

Shares of SAVANI FINANCIALS LTD. was last trading in BSE at Rs. 15.41 as compared to the previous close of Rs. 15.41. The total number of shares traded during the day was 2 in over 2 trades.

The stock hit an intraday high of Rs. 15.60 and intraday low of 15.41. The net turnover during the day was Rs. 31.00.

Source : Equity Bulls

Keywords

MantraCapital SAVANIFINANCIALS INE304E01010 NBFC Q1FY27 Q1FY2027 ResultUpdate