• Type of Event: Earnings Conference Call for Q2 and H1 FY27 results.
  • Date and Time: Held on Thursday, October 29, 2026, which concluded at 05:07 P.M. (IST).
  • Stated Purpose: Discussion of quarterly and half-yearly financial results and business performance.
  • Management Participants: Mr. Rajesh Sharma – Managing Director and Promoter; Ms. Divya Sutar – President & Executive Director - Business Strategy; Mr. Kishore Lodha – Chief Financial Officer; Mr. Sanjeev Srivastava, Chief Risk Officer; Ms. Shweta Daptardar – Senior Vice President, Corporate Finance and Investor Relations.
  • Availability of Materials: The earnings presentation was referenced as available on the company website. The transcript itself was filed with the exchanges and is available on the company website at https://www.capriloans.in/cms/concall-transcript/FY%202026%20-%202027/Quarter%20-2/Q2-FY27- Earnings-Call-Transcript.pdf.
  • UPSI Statement: The disclaimer read at the beginning of the call stated that the discussion was based on declared results and available information, advising participants to consider risks and uncertainties. The complete disclosure was noted to be on Slide 65 of the earnings presentation.

Financial Period Discussed: Q2 and H1 FY27 (Quarter and Half Year ended September 30, 2026).

Key Financial Highlights from Transcript:

  • Profitability: Q2 FY27 Profit After Tax (PAT) stood at ₹418 crores, a 77% increase year-on-year. H1 FY27 PAT was ₹772 crores, nearly double from the previous year.
  • AUM: Consolidated AUM stood at ₹43,878 crores, reflecting 62% YoY and 9% QoQ growth.
  • Gold Loan AUM: ₹21,000 crores, 102% YoY growth, 10% QoQ growth.
  • MSME AUM: ₹7,016 crores, 25% YoY growth.
  • Housing Loan AUM: ₹8,325 crores, 39% YoY growth.
  • Construction Finance AUM: ₹7,503 crores, 51% YoY growth.
  • Co-lending AUM: ₹9,083 crores, 60% YoY growth, accounting for 21% of total AUM.
  • Disbursements: Total disbursements for Q2 FY27 rose 49% YoY to ₹13,309 crores.
  • Net Interest Income (NII): Stood at ₹812 crores for Q2 FY27, up 69% YoY.
  • Non-Interest Income: Grew 34% YoY to ₹273 crores, contributing 25% to net total income.
  • Branch Network: Total branch network expanded to 1,609 locations with a net addition of 176 branches in Q2 (154 Gold Loan, 22 non-gold). Gold Loan specific branches stood at 1,154.
  • Asset Quality: Consolidated Gross Stage-3 (GNPA) ratio spiked 22 bps QoQ to 1.2%, primarily due to a ₹126 crore increase in the gold finance segment. Net Stage-3 ratio stood at 0.8%.
  • Gold Loan: Stage-2 assets spiked by ₹1,266 crores, attributed to short-tenure product transitions.
  • Housing Loan: GNPA steady at 1.2%.
  • Construction Finance: GNPA improved significantly to 0.02%.
  • MSME: GNPA steady at 3.1%.
  • Credit Cost: Stood at 0.8% for the quarter, with an expected sustainable range of 0.6%-0.9%.
  • Capital & Liquidity: Standalone Capital Adequacy Ratio at 22.7%. Liquidity coverage comfortable with over ₹6,057 crores in cash, bank balances, investments, and undrawn lines.
  • Return Ratios: Return on Average Equity (ROE) for H1 FY27 stood at 20.4%. Q2 FY27 ROE was 21.6% vs. 14.4% YoY. Return on Average Assets (ROA) for Q2 was 4.4% vs. 4% YoY.
  • Cost of Funds: Blended cost of borrowings increased marginally QoQ to 9.2%.
  • Funding: Raised $300 million through a maiden U.S. dollar senior secured bond issue under its GMTN program in H1 FY27. Raised ₹500 crores via commercial papers in Q2, in addition to ₹1,271 crores raised in Q1 FY27 through NCD and CP.

Forward-Looking Statements & Guidance:

  • The company is confident of achieving its AUM target of ₹65,000 crores by FY28.
  • Targets sustainable Return on Average Equity of 20-21% and Return on Average Assets of 4.2-4.7% by FY28.
  • For FY27, the company maintains AUM guidance of ~₹50,000 crores and PAT guidance of ~₹1,600 crores.
  • Plans to add ~500 branches in gold loans in FY27 (out of a total board approval for 600 branches).

Additional Notes Section

  • Attachments: The regulatory filing intimates the enclosure of the call transcript.
  • Financial Data: Extensive financial data and operational metrics were discussed during the call, as detailed in the summary above.
  • Compliance: The filing and call included standard disclaimer language regarding forward-looking statements and references to unpublished information being contained in the earnings presentation.