Transcript of the earnings conference call for the quarter and year ended March 31, 2026

Capri Global Capital delivered its highest ever quarterly profit of INR283 crores in Q4 FY26, up 59% year-on-year, with full year PAT of INR949 crores (98% YoY growth). Consolidated AUM reached INR36,623 crores, growing 60% YoY. Asset quality improved significantly with gross NPA declining to 0.9% from 1.5% previously. The company secured investment-grade ratings from Fitch (BB-) and Moody's (Ba3). Management provided FY27 PAT guidance of INR1,300 crores and FY27 AUM target of INR46,000 crores, with FY28 targets of INR57,000 crores AUM, ROE of 16-18%, and ROA of 4-4.5%. Gold loan business now comprises 46% of AUM with management targeting up to 50% gold loan mix. Cost-to-income ratio improved to 49.4% from 54.8%. The company plans to add 700-800 branches over 2 years, with 350 gold loan branches targeted for FY27.