PFS Q2 results call transcript filed; FY26 disbursement guide cut to INR2500-3000 cr
PFS · price
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PFS filed transcript of its Q2 FY26 conference call. Key updates: Q2 sanctions at INR1,048 cr (10-quarter high) but disbursements only INR326 cr versus guided INR1,000 cr. FY26 disbursement guidance cut to INR2,500-3,000 cr from earlier INR4,000 cr. Gross NPA improved to 5.23% from 10.22%, net NPA to 1.32%. Management targets long-term gross NPA of 3 percent and credit cost of 60-70 bps. Capital raise of INR300-500 cr delayed pending board reconstitution after 3 independent directors resigned on Sept 26.
Lowered FY26 disbursement guide signals slower loan book growth; asset quality gains and capital raise plans remain positives.