Apollo Finvest (India) Limited Reports Audited Financial Results for FY26

Apollo Finvest (India) Limited convened a Board of Directors meeting on May 08, 2026, approving the audited financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, GMJ & Co, Chartered Accountants (FRN: 103429W), issued an unmodified opinion on the audited financial results. The board meeting commenced at 05:30 P.M. and concluded at 11:30 P.M. The results were subsequently published in Active Times (English) and Mumbai Lakshadeep (Marathi) newspapers on May 10, 2026.

Financial Performance Overview

For the year ended March 31, 2026, Apollo Finvest reported total income of ₹2,124.60 lakhs, compared to ₹3,044.18 lakhs in the previous year. Total revenue from operations stood at ₹2,070.48 lakhs for FY26, against ₹3,026.23 lakhs in FY25. The following table presents a detailed comparison of the company's income statement for the full year and the latest quarter:

Metric: Q4 FY26 (Mar 31, 2026) Audited Q3 FY26 (Dec 31, 2025) Unaudited Q4 FY25 (Mar 31, 2025) Audited FY26 (Mar 31, 2026) Audited FY25 (Mar 31, 2025) Audited Interest Income (₹ lakhs): 395.28 268.10 528.67 1,311.96 2,116.76 Fee & Commission Income (₹ lakhs): 154.43 142.91 249.98 591.65 846.59 Net Gain on Fair Value Changes (₹ lakhs): 27.66 46.20 23.51 162.10 56.77 Rental Income (₹ lakhs): 1.19 1.20 0.00 4.77 5.96 Total Revenue from Operations (₹ lakhs): 578.56 458.41 802.16 2,070.48 3,026.23 Other Income (₹ lakhs): 34.81 11.39 10.67 54.12 17.95 Total Income (₹ lakhs): 613.37 469.80 812.83 2,124.60 3,044.18 Finance Costs (₹ lakhs): 43.06 53.15 89.07 248.84 215.54 Fee & Commission Expense (₹ lakhs): 67.77 (88.22) 393.23 173.75 787.68 Impairment on Financial Instruments (₹ lakhs): 78.22 41.33 31.76 179.05 353.64 Employee Benefits Expenses (₹ lakhs): 133.41 114.42 62.64 433.91 343.23 Depreciation & Amortisation (₹ lakhs): 22.97 22.25 24.47 89.95 95.02 Other Expenses (₹ lakhs): 56.20 43.03 81.06 154.03 269.66 Total Expenses (₹ lakhs): 401.63 185.96 682.23 1,279.53 2,064.77 Profit Before Exceptional Items & Tax (₹ lakhs): 211.74 283.84 130.60 845.07 979.41 Exceptional Items (₹ lakhs): — — — 195.80 — Profit Before Tax (₹ lakhs): 211.74 283.84 130.60 1,040.87 979.41 Total Tax Expense (₹ lakhs): 104.76 100.69 26.47 345.38 257.84 Profit After Tax (₹ lakhs): 106.98 183.15 104.13 695.49 721.57 Other Comprehensive Income/(Loss), net (₹ lakhs): 2.60 (1.45) (10.33) (1.77) (5.82) Total Comprehensive Income (₹ lakhs): 109.58 181.71 93.79 693.72 715.74 Basic EPS (₹): 2.87 4.91 2.87 18.63 19.33 Diluted EPS (₹): 2.87 4.91 2.87 18.63 19.33

Key Financial Metrics

The published extract also provides select capital and leverage metrics, as detailed below:

Metric: Q4 FY26 (Mar 31, 2026) Q3 FY26 (Dec 31, 2025) Q4 FY25 (Mar 31, 2025) FY26 (Mar 31, 2026) FY25 (Mar 31, 2025) Reserves (₹ lakhs): 7,055.75 6,947.61 6,360.46 7,055.75 6,360.46 Paid-up Equity Share Capital (₹ lakhs): 373.27 373.27 373.27 373.27 373.27 Net Worth (₹ lakhs): 7,429.02 7,320.88 6,733.65 7,429.02 6,733.65 Debt-Equity Ratio: 0.20 0.23 0.40 0.20 0.40

Balance Sheet Highlights

As at March 31, 2026, Apollo Finvest's total assets stood at ₹10,474.19 lakhs, compared to ₹10,724.29 lakhs as at March 31, 2025. Total equity increased to ₹7,429.02 lakhs from ₹6,733.65 lakhs in the prior year, supported by other equity of ₹7,055.75 lakhs. Total liabilities declined to ₹3,045.17 lakhs from ₹3,990.64 lakhs, reflecting a reduction in financial liabilities from ₹3,873.63 lakhs to ₹2,724.67 lakhs.

Balance Sheet Metric: Mar 31, 2026 (₹ lakhs) Mar 31, 2025 (₹ lakhs) Cash & Cash Equivalents: 347.69 745.04 Loans: 6,247.30 8,219.78 Investments: 2,931.42 875.38 Total Financial Assets: 9,839.37 10,027.90 Total Non-Financial Assets: 634.82 696.39 Total Assets: 10,474.19 10,724.29 Total Financial Liabilities: 2,724.67 3,873.63 Total Non-Financial Liabilities: 320.50 117.00 Total Liabilities: 3,045.17 3,990.64 Equity Share Capital: 373.27 373.19 Other Equity: 7,055.75 6,360.46 Total Equity: 7,429.02 6,733.65

Cash Flow Summary

For the year ended March 31, 2026, net cash inflow from operating activities was ₹2,757.66 lakhs, compared to a net cash outflow of ₹2,541.12 lakhs in the prior year. Net cash outflow from investing activities was ₹1,655.37 lakhs, while net cash outflow from financing activities was ₹1,499.63 lakhs. Cash and cash equivalents at the end of the year stood at ₹347.69 lakhs, down from ₹745.04 lakhs at the beginning of the year.

Cash Flow Metric: FY26 (₹ lakhs) FY25 (₹ lakhs) Net Cash from Operating Activities: 2,757.66 (2,541.12) Net Cash from Investing Activities: (1,655.37) 191.30 Net Cash from Financing Activities: (1,499.63) 2,493.92 Cash & Cash Equivalents at End of Year: 347.69 745.04

Co-Lending Arrangements

The company disclosed details of its co-lending arrangements (CLA) for the year ended March 31, 2026, under RBI Direction RBI/DOR/2025-26/359. Apollo Finvest participated as a Partner RE in personal loan co-lending, with the following key metrics:

Co-Lending Parameter: Details Disbursement Number: 3,676.00 Weighted Average Rate of Interest (p.a.): 32.48% Fees Charged/Paid: NIL Broad Sector: Personal Loans Total Disbursement till Mar 31, 2026 (₹ lakhs): 3,176.99 Gross Outstanding as of Mar 31, 2026 (₹ lakhs): 3,055.62 Write-off till Mar 31, 2026 (₹ lakhs): 453.49 Standard Loans as of Mar 31, 2026 (₹ lakhs): 3,054.88 Non-Performing Loans as of Mar 31, 2026 (₹ lakhs): 0.74 Co-Lending as Originating RE: NIL

Board-Level Decisions and Appointments

In addition to the financial results, the board approved several key governance decisions. Mr. Amey Chaubal, a Chartered Accountant with extensive audit exposure across retail branch networks, treasury, risk, and corporate functions, was re-appointed as Internal Auditor for FY 2026-27, effective May 8, 2026. The board also approved, based on the recommendation of the Nomination and Remuneration Committee, the re-appointment of Mr. Akash Saxena (DIN: 09217893) as Non-Executive and Independent Director for a second term commencing June 30, 2026, until June 29, 2031, subject to shareholder approval. Mr. Akash Saxena is SVP and Head of Technology at Hotstar and has over 20 years of experience across the US and India. It was confirmed that Mr. Akash Saxena is not debarred from holding office as a Director by any order of SEBI or any other authority, and is not related to any existing directors, key managerial personnel, or promoters of the company.

The company also noted that the New Labour Codes, effective November 21, 2025, resulted in a one-time incremental charge of ₹15.21 lakhs based on actuarial valuation for the year ended March 31, 2026, on account of recognition of past service costs for gratuity. Apollo Finvest confirmed it is not identified as a Large Corporate as on March 31, 2026, as per the applicable SEBI circular criteria.

Source: None/Company/INE412D01013/2ccb7c6c-43e4-4860-bd8d-f4738108c328.pdf

Apollo Finvest (India) Limited has submitted a revised investor presentation to BSE Limited for the quarter ended December 31, 2025, after identifying and correcting typographical errors in key portfolio quality metrics. The digital-first NBFC filed the updated presentation under Regulation 30 of SEBI Listing Regulations on February 23, 2026.

Correction of Portfolio Quality Metrics

The company identified typographical errors in Slide 4 of its original investor presentation dated February 10, 2026, specifically relating to portfolio percentage figures for 30 PAR, 90 PAR, and GNPA percentage numbers. Apollo Finvest confirmed that no other financial numbers reported in the presentation were affected by these corrections.

Portfolio Quality Metric: Corrected Figure 30 PAR: 2.24% 90 PAR: 2.07% GNPA: 2.07% Collection Efficiency: 97.14%

Q3FY26 Financial Performance

The company reported strong financial metrics for the quarter ended December 31, 2025, demonstrating continued growth and profitability across key parameters.

Financial Metric: Q3FY26 Performance Total Income: Rs. 4.70 crore Profit Before Tax: Rs. 2.84 crore Income per Employee: Rs. 0.17 crore PBT Growth (Y/Y): 32.71% ROE Growth (Y/Y): 17.87% Net Profit Margin: 38.94%

Portfolio Quality and Risk Management

Apollo Finvest's portfolio quality metrics demonstrate strong risk management capabilities, with the company maintaining delinquency rates well below industry averages. The 30 PAR of 2.24% remains significantly lower than the industry average of 8.8%, while the 90 PAR of 2.07% outperforms the industry benchmark of 3.95%. The company's collection efficiency of 97.14% exceeds the industry standard of 91%.

The borrower profile reflects a prime customer segment with an average bureau score of 724 and average income of Rs. 18,000, supporting consistent repayment behavior and lower portfolio volatility.

Strategic Growth Initiatives

The company's retail book achieved remarkable growth of 189% quarter-on-quarter in Q3FY26, driven by strategic partnerships with proven fintech partners. Apollo Finvest has established collaborations with multiple fintech companies to scale its retail lending operations while maintaining strong governance standards.

The launch of Apollo Cash, the company's digital lending platform, has shown strong early adoption with over 35,000 organic downloads. The platform incorporates advanced underwriting capabilities, including Account Aggregator-led processes that have facilitated disbursements of over Rs. 30 crore through real-time, consent-based income data analysis.

Technology and Team Expansion

Apollo Finvest has strengthened its technological infrastructure through the Super Sonic lending engine, which advances underwriting, pricing, and fraud prevention through data-first systems. The platform utilizes 360-degree risk-based pricing driven by income and alternate data sources, including device data, SMS patterns, transaction analysis, and telecommunications indicators.

The company has expanded its team with experienced professionals from leading fintech organizations, building critical depth across data science, collections, finance, and technology functions to support scaled execution of its growth strategy.

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