What Were Oxyzo’s FY26 Financial Highlights?
Oxyzo Financial Services delivered strong growth in FY26, reporting operating revenue of Rs 1,494 crore and profit after tax (PAT) of Rs 375 crore.
According to consolidated financial statements reviewed by Entrackr, the company’s operating revenue increased 24% year-on-year from Rs 1,207 crore in FY25.
The Gurugram-based lender also recorded a 10% rise in profit after tax, which grew from Rs 340 crore in FY25 to Rs 375 crore in FY26.
Industry analysts believe the company’s growth was driven by steady expansion in its lending business, healthy asset quality, and growing demand for credit among SMEs and emerging corporates.
How Fast Is Oxyzo’s Lending Business Growing?
Oxyzo continued to scale its lending operations during FY26.
The company’s assets under management (AUM) rose 28% year-on-year to Rs 11,822 crore as of March 2026.
Its loan book also expanded to Rs 10,545 crore during the period.
Industry observers note that Oxyzo has increasingly focused on financing small and medium enterprises while maintaining disciplined underwriting standards.
The company’s lending model has helped it build a sizeable presence in the SME credit ecosystem amid rising demand for working capital and growth financing.
How Strong Is Oxyzo’s Asset Quality?
Despite rapid loan growth, Oxyzo maintained healthy asset quality metrics.
The company reported gross non-performing assets (GNPA) of 0.74% and net NPA of 0.3% during FY26.
According to analysts, these levels remain significantly lower than many industry benchmarks and reflect prudent risk management practices.
The company also reported a return on assets (RoA) of 3.8% while ending the fiscal year with a net worth of Rs 3,327 crore.
How Strong Is Oxyzo’s Capital Position?
Oxyzo continued to maintain a strong balance sheet during FY26.
The company reported a capital adequacy ratio (CRAR) of 29%, significantly above regulatory requirements.
It also maintained a liquidity surplus exceeding Rs 950 crore, providing additional flexibility for future lending growth.
Industry experts believe strong capital buffers and liquidity reserves are becoming increasingly important as lenders navigate evolving credit and interest-rate environments.
Which Institutions Support Oxyzo’s Lending Operations?
The company has diversified its borrowing sources across banks, NBFCs and capital market instruments.
Its lending partners include State Bank of India, Federal Bank, Axis Bank, Kotak Mahindra Bank, SIDBI and IDFC FIRST Bank.
Industry observers note that diversified funding access helps lenders reduce concentration risks and improve long-term scalability.
Why Is Oxyzo Expanding Beyond Lending?
Over the past year, Oxyzo has accelerated efforts to build a broader financial services ecosystem.
Earlier this month, the company acquired GoldenPi to strengthen its debt capital markets business.
The company also launched a private credit platform and entered fund management through a new subsidiary, Oxyzo Investment Manager Private Limited.
In March, Oxyzo introduced Oxyzo Credit Fund I (OCF-I), a performing credit fund under its alternative investment platform.
Additionally, former Brookfield executive Munish Dayal recently joined the company’s board as an independent director.
What’s Next For Oxyzo And OfBusiness?
Oxyzo achieved unicorn status after raising $200 million in a Series A funding round led by Alpha Wave and Tiger Global Management.
Meanwhile, parent company OfBusiness is reportedly preparing for a $1 billion IPO expected to include both fresh issue and offer-for-sale components.
Industry analysts believe Oxyzo’s strong profitability, asset quality and expanding financial services ecosystem position it well for the next phase of growth.
