Board approves PURPLE SARAL and SAKSHAM LAP launches plus a Loan to NBFC product; Q2 loss Rs. 288.35 lakh
Board approved two MSME lending products — PURPLE SARAL (unsecured, from Nov 01, 2026) and SAKSHAM LAP (secured, from Oct 28, 2026) — and introduced a secured "Loan to NBFC" product, also from Oct 28, 2026.
By ScoutQuest · · 2 min read
- Q2 Total Income
- 1,481.37 (Rs. in lakhs) for the quarter ended September 30, 2026
- Q2 Net Loss
- 288.35 (Rs. in lakhs), against a net loss of 162.99 in the quarter ended September 30, 2025
- Assets Under Management
- Rs.329,21.24 lakhs as on September 30, 2026; Gross Stage III and loss assets on AUM 2.40%
What the board approved
Purple Finance's board, at its meeting held on October 22, 2026, approved the launch of new lending products, its unaudited financial results for the quarter and half year ended September 30, 2026, and a change in the location of its registered office.
The new lending products
- PURPLE SARAL: an unsecured lending product for the domestic market, with a launch date of November 01, 2026.
- SAKSHAM LAP: a secured lending product for the domestic market, with a launch date of October 28, 2026.
- Loan to NBFC: a secured lending product for the domestic market, aimed at providing financing solutions to Non-Banking Financial Companies in the MSME sector, with a launch date of October 28, 2026.
The company said the two MSME-focused products, alongside its existing lending activities under PURPLE, will enable it to cater to the full spectrum of the MSME sector. All three products target the domestic market.
Results for the quarter ended September 30, 2026 (standalone, unaudited)
- Total income was 1,481.37 (Rs. in lakhs) for the quarter, against 1,110.41 in the quarter ended September 30, 2025.
- Net loss for the quarter was 288.35 (Rs. in lakhs), against a net loss of 162.99 in the quarter ended September 30, 2025.
- For the half year ended September 30, 2026, total income was 3,103.81 (Rs. in lakhs) and net loss was 384.58 (Rs. in lakhs).
- Net worth stood at 25,075.51 (Rs. in lakhs).
Portfolio and asset quality
- Assets under management stood at Rs.329,21.24 lakhs as on September 30, 2026.
- Gross Stage III and loss assets on AUM were 2.40% as at September 30, 2026.
Registered office shifting
The registered office moves from Room No. 11, 1st Floor, Indu Chamber 349/353, Samuel Street, Vadgadi, Masjid Bunder (West), Mumbai to 5/502, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Gurunanak Hospital, Bandra East, Mumbai-400051, with effect from October 23, 2026.
What this means for readers
- The three launches widen the company's lending menu across unsecured MSME loans, secured MSME loans and lending to NBFCs, which is a business-expansion step.
- The quarterly numbers show a loss for the quarter, and the loss is larger than in the same quarter a year earlier, alongside a rise in stressed assets measured against AUM. Both are worth tracking in the coming quarters.
- The registered office change is an administrative change and does not alter the company's operations by itself.
Also from Purple Finance
Purple Finance board enables affordable housing finance entry; Q2 consolidated PAT ₹100.17 lakh
23 Oct 2026
Board approves shift of registered office to Bandra East and launch of three new lending products
23 Oct 2026
Board approves Q2 results, three new lending products and registered office shift
23 Oct 2026
More numbers
- Total income, quarter ended September 30, 2026 (standalone, Rs. in lakhs)1,481.37
- Net loss for the quarter ended September 30, 2026 (Rs. in lakhs)(288.35)
- Net loss for the quarter ended September 30, 2025 (Rs. in lakhs)(162.99)
- Total income, half year ended September 30, 2026 (Rs. in lakhs)3,103.81
- Net loss for the half year ended September 30, 2026 (Rs. in lakhs)(384.58)
- Net worth (Rs. in lakhs)25,075.51
- Assets under management as on September 30, 2026Rs.329,21.24 lakhs
- Gross Stage III and loss assets on AUM as at September 30, 20262.40%
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