Purple Finance Board Gives In-Principle Nod For Saksham Gram Credit Acquisition

Q1 FY27 Standalone Results YoY: NII at 5.5 Cr vs 2.8 Cr, up 98.4%. PPOP turned profitable at 0.9 Cr vs loss of 5.9 Cr. PAT turned profitable at 0.4 Cr vs loss of 4.8 Cr. GNPA at 1.1%, NNPA at 1.5%. Board approved issuance of NCDs up to Rs 20 Cr at 11.90% coupon on private placement basis. Board granted in-principle approval for acquisition of 100% of Saksham Gram Credit Private Limited, a business correspondent with a managed portfolio of ~523 Cr, subject to due diligence.