Board Meeting Details

  • Meeting Date: 28 October 2026
  • Meeting Time: 11:30 AM to 1:10 PM
  • Previous Intimations: 8 October 2026 and 22 October 2026

Key Decisions Approved

1. Audited Financial Results Approval

  • Approved audited standalone and consolidated financial results for quarter and half year ended 30 September 2026
  • Compliance with SEBI Listing Regulations 33 and 52
  • Documents enclosed:
  • Detailed format of audited financial results
  • Audit reports from joint statutory auditors: M/s. B.K. Khare & Co. and M/s. KKC & Associates LLP
  • Statement of assets and liabilities and cash flow statements
  • Disclosures under Regulations 52(4), 52(7), 52(7A), 54(2) and 54(3)
  • Independent Auditor's certificate on Security Cover for listed non-convertible debt securities
  • Press release for public dissemination

2. Fund Raising via Qualified Institutions Placement (QIP)

  • Approval for issuance of equity shares and/or eligible securities convertible into equity shares
  • Aggregate amount not exceeding ₹5,000 crores
  • To be issued in one or more tranches
  • Issuance to eligible Qualified Institutional Buyers
  • Pricing and terms to be determined as per Chapter VI of SEBI (ICDR) Regulations, 2018
  • Subject to receipt of requisite approvals
  • Details provided in Annexure I

3. Issuance of Postal Ballot Notice

  • To seek shareholder approval for QIP fund raising
  • Pursuant to Section 110 of Companies Act, 2013
  • Approval required for issuance of equity shares/other eligible securities via QIP

Financial Performance Highlights (Standalone)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹9,243.59 Cr
  • Interest Income: ₹8,503.52 Cr
  • Net gain on derecognition: ₹35.83 Cr
  • Fee & Commission Income: ₹666.90 Cr
  • Net gain on fair value change: ₹35.12 Cr
  • Sale of Services: ₹2.22 Cr
  • Other Income: ₹123.29 Cr
  • Total Income: ₹9,366.88 Cr
  • Expenses: ₹7,178.59 Cr
  • Finance costs: ₹4,329.45 Cr
  • Impairment of financial instruments: ₹874.19 Cr
  • Employee benefits: ₹1,422.42 Cr
  • Depreciation: ₹79.65 Cr
  • Other expenses: ₹472.88 Cr
  • Profit Before Tax: ₹2,188.29 Cr
  • Tax Expense: ₹558.22 Cr
  • Current tax: ₹633.66 Cr
  • Deferred tax: (₹75.44) Cr
  • Profit for Period: ₹1,630.07 Cr
  • Other Comprehensive Income: ₹133.29 Cr
  • Total Comprehensive Income: ₹1,763.36 Cr
  • EPS (Basic): ₹19.09 per share (₹2 face value)
  • EPS (Diluted): ₹19.05 per share

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹18,076.97 Cr
  • Total Income: ₹18,299.83 Cr
  • Profit Before Tax: ₹4,408.78 Cr
  • Profit for Period: ₹3,283.66 Cr
  • Total Comprehensive Income: ₹3,391.67 Cr

Year-over-Year Comparison

  • Q2 PAT growth: 41% (from ₹1,155.31 Cr in Q2 FY26 to ₹1,630.07 Cr in Q2 FY27)
  • H1 PAT growth: 43% (from ₹2,291.22 Cr in H1 FY26 to ₹3,283.66 Cr in H1 FY27)

Balance Sheet Position (Standalone as at 30 September 2026)

  • Total Assets: ₹2,69,435.95 Cr
  • Financial Assets: ₹2,65,833.71 Cr
  • Cash & Cash equivalents: ₹7,849.39 Cr
  • Bank balances: ₹5,756.76 Cr
  • Loans: ₹2,40,133.20 Cr
  • Investments: ₹8,420.61 Cr
  • Non-Financial Assets: ₹3,602.24 Cr
  • Total Liabilities: ₹2,34,961.80 Cr
  • Equity: ₹34,474.15 Cr
  • Equity Share Capital: ₹171.57 Cr
  • Other Equity: ₹34,302.58 Cr

Key Business Metrics

  • AUM: ₹2,68,009 Cr (25% YoY growth)
  • Disbursements Q2: ₹35,872 Cr (47% YoY growth)
  • Disbursements H1: ₹65,484 Cr (34% YoY growth)
  • Vehicle Finance AUM: ₹1,29,787 Cr (21% YoY growth)
  • Loan Against Property AUM: ₹57,447 Cr (24% YoY growth)
  • Home Loan AUM: ₹25,240 Cr (24% YoY growth)
  • SME Loan AUM: ₹10,943 Cr (45% YoY growth)
  • CSEL AUM: ₹17,216 Cr (23% YoY growth)
  • SBPL AUM: ₹3,966 Cr (35% YoY growth)
  • Gold Loan AUM: ₹3,446 Cr

Asset Quality

  • Stage 3 Assets: 3.25% (₹7,955 Cr)
  • Stage 3 Provision Coverage: 45.32%
  • Gross NPA (RBI norms): 4.44%
  • Net NPA (RBI norms): 2.92%
  • Capital Adequacy Ratio: 20.62% (Tier-I: 16.02%, Tier-II: 4.60%)

Liquidity Position

  • Cash balance: ₹21,352 Cr (including HQLA of ₹7,745.42 Cr)
  • Total liquidity position: ₹21,974 Cr (including undrawn sanctioned lines)
  • Comfortable ALM with no negative cumulative mismatches

QIP Details (Annexure I)

  • Type of securities: Equity shares and/or eligible securities convertible into equity shares
  • Type of issuance: Qualified Institutions Placement
  • Total amount: Up to ₹5,000 crores in one or more tranches
  • Pricing: To be determined as per SEBI (ICDR) Regulations, 2018

Other Corporate Developments

  • 5,14,386 employee stock options exercised during Q2 FY27
  • Total outstanding ESOPs: 53,57,851 as at 30 September 2026
  • Conversion of 2,00,000 CCDs (7.5%) into 1,42,83,916 equity shares completed