InCred Finance Reports 17% Profit Growth for FY26

InCred Finance, the lending technology arm of IPO-bound fintech firm InCred Holdings, announced its consolidated net profit grew 17.1% to ₹438 crore in fiscal year 2026 from ₹374 crore in the previous fiscal year. Profitability was moderated by higher credit costs.

The company's total income increased by 36.3% to ₹2,567 crore, driven by the strong expansion of its lending business. Total managed assets grew 22% to ₹17,748 crore, with assets under management (AUM) reaching ₹15,881 crore as of March 2026, a 28% year-on-year increase.

Personal loans remained the largest vertical, accounting for 56% of InCred Finance's AUM. The portfolio also includes student loans (20%), specialized MSME loans (8%), loans against property (7%), loans to financial institutions (6%), and secured school financing (3%).

While earnings continued to grow, profitability moderated. The return on managed assets (RoMA) declined to 2.7% in FY26 from 3% a year earlier due to higher credit costs as recoveries from a legacy portfolio tapered off. InCred Finance was formerly KKR India Financial Services Limited before its merger with InCred Holdings.

InCred Holdings is preparing for a public market debut with an IPO comprising a fresh issue of shares worth up to ₹1,250 crore and an offer for sale of up to 99 million equity shares. The group also operates asset management and investment platforms.