IPO-Bound Navi’s FY26 Loss More Than Triples To ₹466 Cr
IPO-bound fintech startup Navi saw its net loss for the fiscal year FY26 widen by 268.7% to ₹465.99 from ₹126.4…
Fintech startup Navi experienced a significant surge in its net loss for the fiscal year FY26, more than tripling to ₹466.99 crore, up from ₹126.4 crore in the previous fiscal year. Despite a 16.2% increase in operating revenue, which climbed to ₹2,981.7 crore from ₹2,565 crore, the company's total expenses surpassed ₹3,500 crore.
Navi's loan book grew by 57.2% while monthly transacting users more than doubled to 2.9 crore. The company's gross and net NPA ratios also improved, dropping to 1.25% and 0.16% respectively. CareEdge Ratings upgraded Navi's credit rating to CARE A+ due to the firm's experienced leadership, scalable business model, and diversified resource profile, although it highlighted asset quality risks due to the high concentration of personal loans.
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