Key Financial Performance (Consolidated)

Quarterly Performance (Q1FY27 vs Q1FY26 vs Q4FY26)

  • Interest Earned: ₹13,229 mn (Up 64% YoY, Up 21% QoQ)
  • Interest Expense: ₹5,865 mn (Up 49% YoY, Up 18% QoQ)
  • Net Interest Income: ₹7,364 mn (Up 79% YoY, Up 24% QoQ)
  • Non-Interest Income: ₹2,169 mn (Up 28% YoY, Down 12% QoQ)
  • Net Car Loan Fees: ₹321 mn (Up 37% YoY, Up 29% QoQ)
  • Co-lending Income: ₹651 mn (Down 8% YoY, Down 33% QoQ)
  • Insurance Distribution: ₹421 mn (Up 66% YoY, Down 35% QoQ)
  • Treasury Income: ₹196 mn (Up 144% YoY from ₹81 mn)
  • Other Operating Income: ₹580 mn (Up 38% YoY, Down 16% QoQ)
  • Total Income: ₹9,533 mn (Up 64% YoY, Up 13% QoQ)
  • Employee Cost: ₹3,014 mn (Up 65% YoY, Down 6% QoQ)
  • Other Expenses: ₹1,198 mn (Up 37% YoY, Up 24% QoQ)
  • Operating Expenses: ₹4,212 mn (Up 56% YoY, Up 1% QoQ)
  • Operating Profit: ₹5,321 mn (Up 71% YoY, Up 24% QoQ)
  • ECL Provisions: ₹888 mn (Up 24% YoY, Up 80% QoQ)
  • Write-offs: (₹267) mn (Down 363% YoY from ₹101 mn)
  • Total Provisions: ₹622 mn (Down 24% YoY, Up 16% QoQ)
  • Profit Before Tax: ₹4,700 mn (Up 104% YoY, Up 26% QoQ)
  • Tax: ₹1,166 mn (Up 112% YoY, Up 29% QoQ)
  • Implied Tax Rate: 24.8% (vs 24.0% in Q1FY26, 24.2% in Q4FY26)
  • Profit After Tax: ₹3,534 mn (Up 102% YoY, Up 25% QoQ)

Annual Performance (FY26 vs FY25)

  • Interest Earned: ₹37,277 mn (Up 43% YoY)
  • Interest Expense: ₹17,298 mn (Up 36% YoY)
  • Net Interest Income: ₹19,979 mn (Up 50% YoY)
  • Non-Interest Income: ₹8,597 mn (Up 71% YoY)
  • Net Car Loan Fees: ₹943 mn (Down 2% YoY)
  • Co-lending Income: ₹3,640 mn (Up 123% YoY)
  • Insurance Distribution: ₹1,519 mn (Up 142% YoY)
  • Treasury Income: ₹183 mn (Down from ₹662 mn)
  • Other Operating Income: ₹2,313 mn (Up 105% YoY)
  • Total Income: ₹28,576 mn (Up 56% YoY)
  • Employee Cost: ₹10,087 mn (Up 36% YoY)
  • Other Expenses: ₹4,025 mn (Up 13% YoY)
  • Operating Expenses: ₹14,112 mn (Up 28% YoY)
  • Operating Profit: ₹14,464 mn (Up 97% YoY)
  • ECL Provisions: ₹1,640 mn (Up 158% YoY)
  • Write-offs: ₹256 mn (Down 31% YoY)
  • Total Provisions: ₹1,895 mn (Up 88% YoY)
  • Profit Before Tax: ₹12,569 mn (Up 98% YoY)
  • Tax: ₹3,083 mn (Up 99% YoY)
  • Implied Tax Rate: 24.5% (vs 24.4% in FY25)
  • Profit After Tax: ₹9,486 mn (Up 98% YoY)

Balance Sheet (Consolidated - Q1FY27)

  • Paid-up Equity: ₹962 mn (Unchanged YoY and QoQ)
  • Reserves and Surplus: ₹74,692 mn (Up 18% YoY, Up 5% QoQ)
  • Total Equity: ₹75,655 mn (Up 18% YoY, Up 5% QoQ)
  • Bank Borrowings: ₹250,193 mn (Up 64% YoY, Up 15% QoQ)
  • Debt Securities: ₹26,104 mn (Up 280% YoY, Up 15% QoQ)
  • Other Liabilities and Provisions: ₹14,105 mn (Up 59% YoY, Up 4% QoQ)
  • Total Equity & Liabilities: ₹366,057 mn (Up 57% YoY, Up 12% QoQ)
  • Cash and Bank Balances: ₹29,466 mn (Up 13% YoY, Up 39% QoQ)
  • Investments: ₹10,796 mn (Up 303% YoY, Down 13% QoQ)
  • Assets under Financing Activities: ₹312,855 mn (Up 60% YoY, Up 11% QoQ)
  • Other Assets: ₹12,940 mn (Up 46% YoY, Up 11% QoQ)
  • Total Assets: ₹366,057 mn (Up 57% YoY, Up 12% QoQ)

Business Updates and Operational Highlights

Assets Under Management (AUM)

  • Consolidated AUM: ₹357,559 mn (Up 62% YoY)
  • AUM Breakup:
  • CGCL Standalone: ₹218,466 mn
  • CGHFL: ₹57,511 mn
  • CLCPPL: ₹320 mn
  • AUM Composition: Includes MSME, Gold, and Housing AUM values inclusive of co-lending and Directly Assigned AUM.

Segment Performance

  • Retail AUM: Significant growth leveraging co-lending & direct assignment for capital efficient growth.
  • MSME AUM: Well-diversified granular book across industry with average ticket size of ₹ mn for incremental sanctions.
  • Gold Loan AUM: Strong customer acquisition momentum with collateral weight in custody growing to tonnes. Loan to Value on incremental disbursals shown quarterly from Q1FY26 to Q1FY27.
  • Housing Finance AUM: Expanding customer base with diversified, self-employed led portfolio. Live accounts grew from 38,244 in Q1FY26 to 47,588 in Q1FY27.
  • Construction Finance AUM: Strong pipeline of new accounts; AUM growth of 40% YoY.

Co-Lending/Direct Assignment

  • Co-lending includes Direct Assignment; CLM: Co-Lending.
  • AUM values shown for co-lending/DA across segments.

Insurance Distribution

  • Asset light income stream through cross-selling of Health and Motor Insurance.
  • Embedded product offering to loan customers with WhatsApp links and 2-click buying journey.
  • Focus on penetration in tier II, III, IV cities and rural areas.

Car Loan Origination

  • Pan-India presence with 43% YoY increase in value of loan originations for the quarter.
  • Consistently rising loan originations shown on full year basis (Nos.).
  • Average Ticket Size calculated as Originations by Value / Originations by Volume During Quarter.

Branch Network

  • Total Branches: 1,433 (vs 1,429 in Q4FY26)
  • Mortgage Finance: 411 branches in 11 States and UTs
  • Gold Loan: 1,000 branches across 15 states and UTs
  • Construction Finance: 3 dedicated branches (Bengaluru, Hyderabad, Ahmedabad)
  • Car Loan Distribution: 821 locations consolidated into 19 branches
  • Modest increase in employee base with significant upside through economies of scale.

Segmental Yields

  • Robust yields sustained alongside AUM growth across all segments:
  • Construction Finance
  • Gold Loans
  • MSME
  • Housing Finance

Loan Yields and Margins

  • Yield on Net Advances: 17.0% in Q1FY27 (vs 16.5% in Q1FY26)
  • Cost of Borrowings: Declining trend shown quarterly
  • Spreads (YoA - CoB): Consistent improvement
  • Net Interest Margin: Improved performance

Liability Management

  • Funding Profile: Detailed breakdown of consolidated borrowings
  • Rating: Secured "Ba3" rating with Stable Outlook from Moody's Ratings and "BB- Stable" rating from Fitch Ratings
  • Fundraising: Raised ₹12,710 mn through NCDs and CPs in Q1FY27
  • New Bank Sanctions: ₹38,680 mn in Q1FY27 on consolidated basis
  • Lender Base: 40+ lenders, added 5 new lenders in Q1FY27

Liquidity Position

  • Cash and Bank Balances: ₹28,361 mn (CGCL: ₹26,032 mn, CGHFL: ₹2,329 mn)
  • Investment in fixed deposits: ₹190 mn
  • Investment in Mutual Funds/corporate bonds: ₹9,953 mn (CGCL: ₹8,904 mn, CGHFL: ₹1,049 mn)
  • Undrawn Bank Lines: ₹1,865 mn (CGCL: ₹1,065 mn, CGHFL: ₹800 mn)
  • Net Available cash/cash equivalents: ₹40,369 mn across CGCL and CGHFL

Asset Quality

  • Segmental NPAs: Disciplined underwriting keeping asset quality under control across Gold Loan, Housing Finance, and Construction Finance segments.
  • GNPA: 1.06% in Q1FY27 (vs 0.9% in FY26)
  • NNPA: 0.6% in Q1FY27 (vs 0.5% in FY26)
  • ECL Analysis: Adequate provision coverage across stages
  • Stage 1 ECL Provisions: 0.6%
  • Stage 2 ECL Provisions: 9.4%
  • Stage 3 ECL Provisions: 43.25%
  • Total ECL Provisions: ₹4,438 mn in Q1FY27

Return Metrics

  • Return on Avg. Assets: 4.1% annualized in Q1FY27 (vs 3.5% in FY26)
  • Return on Avg. Equity: Strong increase shown
  • EPS & Book Value per Share: ₹ values shown

RoAA Tree Analysis

Detailed quarterly comparison showing breakdown of:

  • Net interest income components
  • Non-interest income components
  • Operating expenses
  • Provisions
  • Profitability metrics

Strategic Outlook

  • AUM Targets: ₹650 bn by FY28 and ₹1,250 bn+ by FY31 growing at 28-30% CAGR
  • Return Targets: Consistent RoAE of 19.0-21.0% and RoAA of 4.2-4.7%
  • Key Initiatives:
  • Diversify product offerings to underserved high growth markets
  • Geographic expansion across Telangana, Karnataka, TN, AP, Orissa, UP
  • 750-800 new branches over next 2 years
  • Leverage technology & analytics including Agentic AI tools
  • Cross-sell loan products to existing customer base
  • Diversification of borrowings and co-lending partnerships

Board & Management

  • Corporate Governance: 6 Independent Board of Directors with expertise in Banking, Finance, Risk Management, IT and Public Policy
  • Board Committees: 9 committees including Risk, Credit, Asset Liability, Info Security, Audit, CSR, ESG, Stakeholder relationship, Nomination & Remuneration
  • Management Team: Experienced and stable team with proven track record across corporate functions, retail business, credit, and fee-based business

ESG Performance

  • Environmental: 23% reduction in e-waste compared to FY2023-24, ~500+kg waste recycled, 15,300 KL water harvesting capacity created
  • Social: 15,519 beneficiaries reached including 13,287 women, 100 training sessions benefitting 8,179 individuals, 681 SHGs formed
  • Governance: 100% DEI training for senior management, zero cases of discrimination/harassment/money laundering/insider trading/conflict of interest
  • ESG Ratings:
  • SES ESG: 75 (B+)
  • NSE Sustainability: 73
  • CRISIL ESG: 64 (strong)
  • S&P Global CSA: 70 (industry average 29)

Brand Building

  • Brand Ambassadors: Nayanthara and Pankaj Tripathi
  • Campaigns: "Zaroorat Mein Saath" and "#TarrakiKeHaath"
  • Reach: 133 Mn+ cumulative reach across platforms, 180 Mn+ for brand campaigns
  • Awards: Best TV Advertising Campaign by Afaqs BankFin 360

Annexure & Additional Information

  • Investor Contact: Mr. Hardik Doshi and Ms. Shweta Daptardar provided for further information
  • IR Advisors: MUFG Intime India Private Limited
  • Disclaimer: Standard forward-looking statements and regulatory disclosures included

Financial Impact Assessment

All financial impacts are quantified in the disclosure. The company shows strong growth across all key financial metrics with improved profitability, asset quality, and capital adequacy.