# NewTap Finance FY26 profit more than doubles to Rs 2.4 crore 2026-08-15T13:15:52+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet CRED-backed NewTap Finance more than doubled its net profit to Rs 2.4 crore in FY26 from Rs 1 crore, while total income rose 116% to Rs 259 crore, according to CRISIL Ratings. Its managed assets under management reached Rs 4,582 crore, having grown at a compound annual growth rate of about 156% between FY23 and FY26. About 81% of the loan portfolio was held off-book through non-first-loss default guarantee arrangements, with co-lending driving much of the business. However, gross Stage 3 assets rose to 0.94% from 0.77%. Collection efficiency averaged above 97%, and borrowers with credit scores above 750 made up about 90% of AUM. CRED has invested Rs 56.4 crore in equity and Rs 80 crore in subordinated debt. ## Coverage - inc42.com Tags: CRED, Crisil, NewTap Finance Canonical: https://indianopinion.org/newtap-finance-fy26-profit-more-than-doubles-to-rs-2-4-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/newtap-finance-fy26-profit-more-than-doubles-to-rs-2-4-crore/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.