Mumbai, June 17 -- Crisil Ratings stated that the ratings continue to factor in the company's healthy capitalisation and its established market position, with regional diversity in portfolio. These strengths are partially offset by modest profitability and susceptibility of asset quality to local socio-political issues in the microfinance sector and average resource profile.

The company's portfolio quality has been restoring gradually after undergoing stress in the recent past; this improvement is led by better performance of the loan book that has been originated post tightening of underwriting and implementation of guardrails.

Overall, the company reported loss of Rs 699 crore for fiscal 2026 which translates to a return on managed as...