Niyogin Fintech Ltd

Q2 FY26Finance

Niyogin Fintech Q2 FY26: Revenue ₹25.9 Cr, EBITDA margin 20%

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹54

Market cap₹618 Cr

Updated24 Sept 2026

Read4 min read

Based on Niyogin Fintech Ltd's Q2 FY26 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

Consolidated Net Revenue Q2 FY26: ₹25.9 Cr, up 53% YoY from ₹17.0 Cr in Q2 FY25 (Page 28, 4) - iServeU Net Revenue Q2 FY26: ₹17.2 Cr, up 69% YoY from ₹10.1 Cr in Q2 FY25 (Page 16, 11) - NB EBITDA (Consolidated, Q2 FY26): ₹4.9 Cr, up from a loss of ₹0.5 Cr in Q2 FY25 (NM increase) [Page 28] - EBITDA (iServeU, Q2 FY26): ₹3.5 Cr, up 133% YoY from ₹1.5 Cr in Q2 FY25, with ~20% EBITD

From Niyogin Fintech Ltd's Q2 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

- **Consolidated Net Revenue Q2 FY26:** ₹25.9 Cr, up 53% YoY from ₹17.0 Cr in Q2 FY25 (Page 28, 4) - **iServeU Net Revenue Q2 FY26:** ₹17.2 Cr, up 69% YoY from ₹10.1 Cr in Q2 FY25 (Page 16, 11) - **NBFC Gross Income Q2 FY26:** ₹26.5 Cr, up 56% YoY from ₹17.0 Cr in Q2 FY25 (Page 24) - **AUM (Assets Under Management) Q2 FY26:** ₹340.5 Cr, up 44% YoY from ₹236.2 Cr (Page 3, 19) including off-book exposures - **iServeU Order Book Q2 FY26:** ~₹623 Cr across 39 contracts, up from ~₹585 Cr with 31 contracts in Q1 FY26 (Page 11) **Outlook (Page 9):** - iServeU Net Revenues FY26 expected ₹70-80 Cr (1.8x-2.0x growth YoY vs ₹39.6 Cr FY25)

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA (Consolidated, Q2 FY26): ₹4.9 Cr, up from a loss of ₹0.5 Cr in Q2 FY25 (NM increase) [Page 28]
EBITDA (iServeU, Q2 FY26): ₹3.5 Cr, up 133% YoY from ₹1.5 Cr in Q2 FY25, with ~20% EBITDA margin [Pages 11, 14]
Operating Margin: EBITDA margin for iServeU expanded to ~20% in Q2 FY26 [Page 11]
Profit (PBT ex-ESOP, Consolidated, Q2 FY26): ₹1.2 Cr, turning around from a loss of ₹3.4 Cr in Q2 FY25 [Page 28]
Profit (PBT ex-ESOP, NBFC standalone, Q2 FY26): ₹2.0 Cr vs loss of ₹1.5 Cr YoY [Page 24, 29]

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 investor presentation does not explicitly describe any capex, capacity expansion, or new plant/project with specified amounts, status, or timelines. The focus is primarily on: - Embedded lending model expansion through API integrations and partner platforms. - Significant fundraising of ₹65 Cr in borrowings during Q2 FY26 to support lending and operational growth. - Expansion of soundbox deployments reaching 326.9K units, with 58.4K units deployed in Q2 FY26. - Order book growth to ₹623 Cr across 39 contracts in the Technology Service Provider (TSP) and SaaS segment.

2 more points management made on capital expenditure plans

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Raised ₹65 Crores in borrowings during Q2 FY26, including ₹20 Crores via Non-Convertible Debentures (NCDs), marking the highest-ever quarterly fundraise (Page 19).
Borrowings increased from ₹73.8 Crores in Q1 FY26 to ₹101.1 Crores in Q2 FY26 (Page 24).
No explicit mention of equity fundraising or changes in net debt in the provided excerpts.
Strong lender confidence and improved funding access highlighted as outcomes of debt fundraising (Page 19).

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

Order Book & Pipeline

The investor presentation reports an outstanding order book of approximately ₹623 Crores across 39 contracts as of Q2 FY26.
This order book includes contracts with leading banks and financial institutions, such as Canara Bank, Bank of Baroda, and Punjab National Bank.
The order book spans multiple business verticals, with acquiring solutions being the largest portion, followed by financial inclusion and value-added services.
The order book has grown from ₹585 Crores with 31 contracts in Q1 FY26 to ₹623 Crores with 39 contracts in Q2 FY26, indicating a robust pipeline and strong revenue visibility.

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 Q2 FY26 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 investor presentation does not explicitly describe any capex, capacity expansion, or new plant/project with specified 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.