India's Sammaan Capital jumps as impairment charge helps clear bad loans; AUM to quadruple by FY30

Sammaan Capital

21/05/2026 10:11

** Shares of Sammaan Capital SMMN.NS rise as much as 12% to 158.60 rupees, hitting their highest level since February 25

** Housing finance firm takes impairment charge of 29.58 billion rupees ($306.95 million) in Q4, up from 2.89 billion rupees last year, helping the co clear up its bad loans

** Says no incremental net provisions required in future on current AUM of 531.6 billion rupees

** Expects AUM to grow more than 32% in FY27 and nearly quadruple by FY30

**  More than 110 million shares traded as of 2:20 p.m. IST, its most active session in 2 months

** Stock last up 8.5% on the day, taking YTD gains to 5.6%

($1 = 96.3675 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))