Sammaan Capital’s shares rise 8% following balance sheet overhaul that reduces NPAs to ‘zero’

Shares of mortgage-focused Sammaan Capital Ltd. soared by up to 8% on Thursday, May 21, following the release of its fourth-quarter results, which were announced after market hours on Wednesday.

The company utilized the capital injection from IHC to write off provisions for its legacy stressed assets, successfully bringing their Gross and Net NPA down to zero by the end of the March quarter. These adjustments led to several one-off charges, resulting in a substantial net loss for the company.

Sammaan Capital reported a consolidated net loss of ₹8,101.4 crore for the fourth quarter, a significant increase compared to a loss of ₹324.04 crore during the same period last year.
Net interest income (NII) plummeted by 92% year-on-year to ₹84.3 crore, down from ₹1,057.2 crore. The company incurred an impairment on financial instruments totaling ₹2,958.1 crore, along with exceptional items amounting to ₹6,499.1 crore during the quarter.

Sammaan Capital’s Guidance

For the financial year 2027, Sammaan Capital anticipates a marginal reduction in the cost of funds by 160 basis points initially, and 270 basis points subsequently as ratings improve. The company aims for approximately 80% of disbursements to be in existing mortgage products throughout financial year 2027-2028, striving for a 50-50 disbursement mix of mortgage-backed and other products by financial year 2030.

Sammaan Capital intends to expand into gold loans, business loans, personal loans, unsecured retail lending, and loans against securities.

All three domestic rating agencies have upgraded the company’s rating to AA+, enhancing its borrowing credibility.

Also Read: Sammaan Capital aims for top 3 NBFC spot by FY29 after $1 billion IHC deal

The company reported its Capital Adequacy Ratio (CAR) at 20.3%, while the Liquidity Coverage Ratio (LCR) stood at 139%, exceeding the regulatory requirement of 100%.

Gagan Banga, Managing Director and CEO of Sammaan Capital Ltd, stated, “Sammaan Capital has embarked on a defining new chapter. With IHC Group as our promoter, we are more than just a well-capitalized lender – we are now an institution designed for scale.”

Shares of Sammaan Capital are currently trading 8.3% higher at ₹153.61, marking a positive shift for the stock on a year-to-date basis.