New Delhi, Nov 12 (PTI) Gold loan financier Indel Money on Thursday reported a jump in profit to Rs 80 crore during the September quarter.

     The company had earned a profit of Rs 25 crore in the corresponding quarter of the previous fiscal year.

     Total income increased to Rs 278 crore in the second quarter of FY27, compared to Rs 143 crore in the year-ago period, Indel Money said in a statement.

     During the quarter, total expenses also rose to Rs 180 crore from Rs 112 crore in the same period a year ago.

     The company net income and net interest income more than doubled to Rs 160 crore and Rs 145 crore, respectively.

     The NBFC's overall assets under management grew 83 per cent to Rs 5,015 crore at the end of September 30, 2026.

     The company raised funds of Rs 1,496 crore during the second quarter, and an overall Rs 2,220 crore in first half of FY27, largely through NCDs and term loans, it said.

     "With a strong operating foundation and a clear growth roadmap, we are confident of achieving our FY27 business targets and creating long-term value for our stakeholders," Indel Money CEO Umesh Mohanan said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)
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