Sammaan Capital, formerly Indiabulls Housing Finance, saw its shares decline over 4% following the release of its Q3 FY25 earnings. The company’s results were mixed, with slight declines in profitability and net interest income (NII), but notable improvements in asset quality.
For the quarter ended December 31, 2024, Sammaan Capital reported a net profit of ₹302 crore, down marginally by 0.3% from ₹303 crore in Q3 FY24. The dip in profit was primarily due to a 1% year-on-year decline in NII, which stood at ₹823 crore compared to ₹831 crore last year. Total revenue from operations also fell to ₹2,016.52 crore from ₹2,142.65 crore, reflecting adjustments in interest income and fair value metrics.
Despite these declines, the company’s asset quality showed strong improvement. Gross non-performing assets (GNPA) dropped significantly to 1.14% in Q3 FY25 from 3.04% in the previous quarter, while net non-performing assets (NNPA) improved to 0.66% from 1.81% sequentially. This reflects successful restructuring efforts and risk management strategies.
Sammaan Capital’s assets under management (AUM) stood at ₹61,947 crore, with legacy AUM reducing while growth AUM expanded, indicating a shift toward a more sustainable portfolio. The company’s net worth increased to ₹20,331 crore, and the gearing ratio improved to 2.2x, signaling financial stability.
Sammaan Capital opened at ₹143.00, reaching a high of ₹143.27 and a low of ₹136.00. The stock remains volatile, trading near its 52-week low of ₹130.69, while its 52-week high stands at ₹208.90.
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