Results · Financial Services

Oxyzo reports 23% revenue growth in FY26

What they do

Oxyzo provides financing to SMEs in manufacturing and contracting sectors

Operating revenue rose 23% to Rs 1,488.8 crore and net profit 11% to Rs 375.5 crore in FY26

The company also acquired GoldenPi Technologies and launched a credit fund

Oxyzo Financial Services reported its financial results for the fiscal year 2026.
Operating revenue grew 23% to Rs 1,488.8 crore from Rs 1,207.4 crore in FY25.
Net profit increased 11% to Rs 375.5 crore from Rs 340 crore in the previous year.
Total assets rose 28% to Rs 11,822 crore.
The loan book stood at Rs 10,545 crore at the end of FY26.
Gross non-performing assets (NPAs, or bad loans) were a low 0.74% and net NPAs were 0.30%.
The company acquired GoldenPi Technologies and GoldenPi Securities on 20 May 2026 via a share-swap valued at Rs 42.4 crore.
It also launched Oxyzo Credit Fund I (OCF-I), a performing credit fund under an alternative investment platform.

The results show steady growth in revenue and profit for the SME-focused lender.
The low NPA ratio of 0.74% indicates strong asset quality.
The GoldenPi acquisition will help Oxyzo expand its debt capital markets business and offer fixed-income products to retail and high-net-worth investors.
The new credit fund marks Oxyzo's entry into the fund management business through its subsidiary Oxyzo Investment Manager Private Limited.

Oxyzo provides financing to small and medium enterprises (SMEs) in the manufacturing and contracting sectors.
It was founded in 2016.
Its lending partners include State Bank of India, Federal Bank, IndusInd Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank, and SIDBI.
The company earns interest income (Rs 1,406.8 crore in FY26) and fee and commission income (Rs 68.1 crore).
Total assets were Rs 11,822 crore and net worth was Rs 3,327 crore as of FY26.
It has a capital adequacy ratio (CRAR, a measure of financial strength) of 29% and a debt-to-equity ratio of 2.2 times.
Oxyzo maintains a liquidity surplus of over Rs 950 crore.
It issued non-convertible debentures (NCDs, a type of debt instrument) worth Rs 900 crore in FY26, up from Rs 553 crore in FY25.

The company plans to use the GoldenPi acquisition to strengthen its debt capital markets business and expand fixed-income offerings for retail and high-net-worth investors.
It is pursuing a fast-track merger with a wholly owned subsidiary acquired in 2022, after the amalgamation scheme with subsidiary Z-First was approved by the NCLT (National Company Law Tribunal) effective March 2026.
Parent company OfBusiness is preparing for a $1 billion IPO with a fresh issue and an offer-for-sale component.

Product: SME-focused lending and credit solutions
Customers: Small and medium enterprises that need business credit
How it makes money: It earns interest and fees on secured and unsecured SME loans.
What sets it apart: Uses its lending data and tech stack to underwrite SME credit.
Operations: Provides term loans, working capital loans and collateral-free credit.