Oxyzo Achieves Impressive FY26 Growth with INR 11,822 Cr AUM, Bolstering OfBusiness IPO Narrative.

Oxyzo Financial Services, an SME-focused Non-Banking Financial Company (NBFC), has showcased robust financial performance for the fiscal year ending March 2026, which is anticipated to have a positive impact as its parent company, OfBusiness, gears up for a significant IPO. The company reported a 23% year-on-year increase in operating revenue, reaching INR 1,494 crore compared to INR 1,207 crore in the previous fiscal year. Their Profit After Tax (PAT) also saw a 10% increase to INR 375 crore, indicating a sound operational strategy amidst a competitive market landscape.

In terms of asset quality, Oxyzo has demonstrated commendable discipline. Despite a 28% growth in total assets under management (AUM), their gross non-performing assets (GNPA) remain exceptionally low at 0.74%, with a net NPA of just 0.3%. These figures signify a well-managed loan book, essential for maintaining investor confidence. With a return on assets (RoA) of 3.8% and a strong capital adequacy ratio (CRAR) of 29%, Oxyzo is not only thriving but also expanding into new verticals, such as wealth management services through the acquisition of GoldenPi and the launch of the Oxyzo Credit Fund I.

The strong financial metrics of Oxyzo serve as a promising precursor to the OfBusiness IPO, expected to raise around INR 10,000 crore. Indian investors should closely monitor this development, as Oxyzo’s performance in the SME lending sector highlights the potential for growth in the NBFC space. With meticulous asset management and an aggressive expansion strategy, both Oxyzo and OfBusiness are poised to make significant strides in the Indian equity market, instilling confidence for prospective investors.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)