Event Type: The document is a transcript of the Q4 and FY '26 Earnings Conference Call with Analysts/Investors.
Date and Time: The conference call was held on Friday, May 29, 2026. A specific time was not mentioned in the transcript.
Purpose: The stated purpose of the call was to discuss the Financial Results of the Company for the quarter and year ended March 31, 2026.
Earnings Announcement Timing: The call was held after the earnings announcement, as it references results that were previously uploaded to the stock exchanges.
Management Participants: Mr. Aalok Patel – Vice Chairman and Managing Director; Mr. Vivek Modi – Executive Director and Group Chief Financial Officer. An Investor Relations team was also present.
Availability of Materials: The financial results, investor presentation, and press release were uploaded to the stock exchanges and the company website prior to the call. The audio recordings of the call were also uploaded to the stock exchanges on May 29, 2026.
UPSI Statement: The transcript itself does not contain a specific disclaimer about not sharing Unpublished Price Sensitive Information (UPSI).
Financial and Operational Highlights Discussed
Financial Period Discussed: Q4 FY26 and Full Year FY26 (ended March 31, 2026).
Key Financial Figures:
Consolidated PAT: Q4 at INR 41 crores (up 85% QoQ, 220% YoY); FY26 at INR 57 crores (up 9% YoY).
AUM: Record high of INR 2,728 crores for FY26, representing 22% YoY growth.
Disbursements: Q4 disbursements of INR 951 crores (highest ever quarterly); FY26 disbursements of INR 1,798 crores for Microfinance.
Asset Quality (Microfinance): GNPA at 3.4%; NNPA at 0.95%.
Capital Adequacy: 27.86% for subsidiary (Namra Finance); 41% for stand-alone business.
Complete separation of credit and recovery functions from branch operations.
Shift from group-based (JLG) underwriting to an individual-level credit evaluation model.
90% of the Microfinance portfolio is covered under the CGFMU scheme.
Expansion of MSME operations into Uttar Pradesh and a pilot for solar loans in Gujarat.
Opex-to-assets ratio was high at ~9%; target for FY27 is to bring it down to ~7%.
Forward-Looking Statements & Guidance:
Approach for FY27 is "responsible and disciplined growth."
Targeting MSME growth of ~25% and LAP growth of 20-25%.
Credit cost outlook is ~3% for a normalized year.
ROA aspiration is 3.5%-4%+.
Focus on improving operating efficiencies and rationalizing cost structures.
Additional Notes Section
Attachments: The document is the submitted transcript of the call. It references prior submissions of financial results, investor presentation, and press release, but these were not attached to this specific filing.
Financial Data: This announcement itself is a transcript and does not contain new financial data; it is a discussion of results that were previously disclosed.
Logistical Details: Dial-in numbers and access codes were not included in this transcript.
