Akme Fintrade aims to double its loan book to Rs 1,800 cr by FY28

NBFC firm Akme Fintrade on Thursday said it is looking to double its asset under management AUM to Rs 1,800 crore by FY28, driven by its growing vehicle loan portfolio. During the financial year ended March 2026, the financing firm earned a profit of Rs 42 crore, compared to Rs 33 crore in the previous fiscal year, registering a growth of 27 per cent.

NBFC firm Akme Fintrade on Thursday said it is looking to double its asset under management (AUM) to Rs 1,800 crore by FY28, driven by its growing vehicle loan portfolio. The company is targetting a 40 per cent annual growth in AUM in the two years and it should double the book size by FY28, Akme Fintrade (India) Chief Executive Officer Akash Jain said. ''Our AUM crossed the Rs 900 crore milestone, and the vehicle finance portfolio delivered an exceptional 128 per cent growth, backed by expanded dealer networks. Despite elevated funding costs in the first half of FY26, our NIMs stabilised through the second half, a result of disciplined liability management and portfolio mix optimisation,'' he said. During the financial year ended March 2026, the financing firm earned a profit of Rs 42 crore, compared to Rs 33 crore in the previous fiscal year, registering a growth of 27 per cent. Total income of the company increased to Rs 149 crore during the year from Rs 103 crore a year ago. Interest income increased to Rs 143 crore for the reporting year from Rs 99 crore in the previous financial year. Regarding asset quality, he said it remained well within internal benchmarks, with gross NPA at 2.93 per cent and provision coverage at 52 per cent. The loan book grew 48 per cent to Rs 919 crore as at March 31, 2026 led by strong growth in the vehicle finance segment, particularly used commercial vehicles, two-wheelers, and three-wheelers in Tier-II and Tier-III markets, he said, adding that the net interest margin (NIM) remained healthy at 12.68 per cent for FY26. With a capital adequacy ratio of 46.23 per cent, more than three times the regulatory minimum, he said, ''We are well-positioned to access diversified funding at improved rates. We enter FY27 with strong capital buffers, a growing digital underwriting platform, and a clear runway for continued AUM expansion.''