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The non-bank lender had registered a profit of ₹324 crore in the same period last year.
Revenue from operations fell 16.4% to ₹1,762 crore from ₹2,107 crore in the year-ago quarter. Total income declined 36.2% to ₹1,361 crore from ₹2,132 crore in the same period last year.
Impairment on financial assets jumped nearly tenfold to ₹2,958 crore from ₹288.86 crore a year ago. The company also classified ₹6,499 crore as exceptional items, which account for the bulk of the reported loss.
IHC Takes Charge
The transaction with Abu Dhabi-based IHC Group has closed, with share allotment completed on March 31, 2026. IHC currently holds a 28.5% equity stake in Sammaan Capital and will increase its ownership to 43.5% upon conversion of warrants. Sammaan has received ₹5,652 crore on issuance of equity shares and a 25% upfront payment on warrants, with the balance ₹3,198 crore to be received over 18 months on warrant conversion.
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https://economictimes.indiatimes.com/markets/stocks/earnings/sammaan-in-loss-as-impairments-surge-in-4th-quarter/articleshow/131237834.cms
