Niyogin Fintech Ltd

Q1 FY27Finance

Niyogin Fintech Q1 FY27: Revenue ₹15.8 Cr

Q1 FY27 investor presentation: what the company reported on revenue, margins and projects.

Price₹54

Market cap₹618 Cr

Updated24 Sept 2026

Read5 min read

Based on Niyogin Fintech Ltd's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

iServeU Q1 FY27 Revenue: - Net Revenue: ₹15.8 Cr (↑ 4% YoY from ₹15.3 Cr in Q1 FY26; ↓ 25% QoQ from ₹21.1 Cr in Q4 FY26) - Gross Revenue: ₹31.7 Cr (↓ 16% YoY) - Program Management: ₹5.8 Cr (↓ Consolidated EBITDA Q1 FY27: ₹0.2 Cr, down 91% YoY (from ₹2.4 Cr in Q1 FY26) [Page 27] - iServeU Adjusted EBITDA Q1 FY27: ₹(0.5) Cr, turned negative YoY from ₹1.8 Cr in Q1 FY26 [Pages 13, 15]

From Niyogin Fintech Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

iServeU Q1 FY27 Revenue:
Net Revenue: ₹15.8 Cr (↑ 4% YoY from ₹15.3 Cr in Q1 FY26; ↓ 25% QoQ from ₹21.1 Cr in Q4 FY26)
Gross Revenue: ₹31.7 Cr (↓ 16% YoY)
Program Management: ₹5.8 Cr (↓ 4% YoY)
TSP/SaaS Revenue: ₹9.0 Cr (↑ 64% YoY)
Device Deployments: 49K units (↓ 41% QoQ from 82K units in Q4 FY26)
NFL NBFC Q1 FY27 Figures:
AUM: ₹332 Cr (↑ 4% YoY from ₹320.3 Cr in Q1 FY26; ↓ 6% QoQ)
Net Interest Income (NII): ₹10.2 Cr (↑ 9% YoY)
PBT ex-ESOP: ₹1.0 Cr (in line YoY)
Consolidated Q1 FY27:
Net Revenue: ₹22.1 Cr (↓ 8% YoY; ↓ 18% QoQ)
EBITDA: ₹0.2 Cr (↓ 91% YoY)
Outlook (Q2 FY27 & FY27):
iServeU Net Revenues: ₹21–24 Cr (Q2), ₹100–115 Cr (FY27) (~1.3x–1.5x YoY growth)
NBFC AUM: ₹325–340 Cr (Q2), ₹450–500 Cr (FY27)

2 more points management made on revenue & sales performance

Profitability & Margins

Consolidated EBITDA Q1 FY27: ₹0.2 Cr, down 91% YoY (from ₹2.4 Cr in Q1 FY26) [Page 27]
iServeU Adjusted EBITDA Q1 FY27: ₹(0.5) Cr, turned negative YoY from ₹1.8 Cr in Q1 FY26 [Pages 13, 15]
NFL Standalone Pre-Provisioning Operating Profit (proxy for operating margin): ₹3.9 Cr, up 58% YoY from ₹2.5 Cr [Page 23]
Consolidated Profit After Tax (PAT) Q1 FY27: ₹(5.0) Cr loss, moved from ₹(1.9) Cr loss in Q1 FY26 (170% decline) [Page 27]
NFL Standalone Profit Before Tax (Ex-ESOP): ₹1.0 Cr, flat YoY [Page 23]
Explicit Margin Outlook:

2 more points management made on profitability & margins

See what Niyogin Fintech Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly describe any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines. It primarily focuses on business growth, partnerships, financial performance, product developments, acquisitions, and operational milestones related to embedded lending, technology infrastructure, and platform scaling. The key operational updates include: - Device deployment impacted due to chip shortages amid West Asia conflict, expected to normalize over time (Page 11). - Contracts signed with Indian manufacturers to support device availability (Page 9). - No specific capital expenditure, plant, or new project investments outlined.

2 more points management made on capital expenditure plans

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Fundraising & Capital Structure

In 2020, Niyogin raised ₹235 Cr capital from institutional investors following the acquisition of M3 Global Finance (Page 34).
In 2025, the company raised ₹56 Cr from warrant conversion as part of a composite scheme of arrangement and amalgamation (Page 34).
In 2026, there was a strong financial turnaround including raising Listed NCDs (Page 34).
Borrowings reduced 28% QoQ from ₹124.5 Cr in Q4 FY26 to ₹90.0 Cr in Q1 FY27, a 22% YoY increase from ₹73.8 Cr in Q1 FY26 (Page 23).

2 more points management made on fundraising & capital structure

See what Niyogin Fintech Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

iServeU's outstanding order book stood at approximately ₹546 crore across 45 contracts as of June 30, 2026 (Page 14).
The order book is diversified across business verticals: Acquiring solutions (POS, UPI & Soundbox, PG, Bharat Connect), Financial Inclusion (Agency Banking), Value Added Services (Switching, Onboarding), and Issuance & Card Management.
Contract values include ₹296 crore in POS, ₹202 crore in UPI & Soundbox, ₹20 crore in PG, ₹15 crore in Bharat Connect, ₹6 crore in Agency Banking, ₹4 crore in Value Added Services, and ₹2 crore in Issuance & Card Management (Page 14).

2 more points management made on order book & pipeline

What Niyogin Fintech Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Niyogin Fintech Ltd Q1 FY27 results?

What is Niyogin Fintech Ltd share price analysis?

Niyogin Fintech Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹618 Cr. Investors should review the full earnings analysis for detailed insights.

Is Niyogin Fintech Ltd planning capital expenditure?

The presentation does not explicitly describe any capex, capacity expansion, or new plant/project with specific amounts, status, or timelines.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.