Financial Performance Summary

Q1 FY27 Key Metrics:

  • AUM: ₹16,938 Cr (25.7% YoY growth, 6.7% QoQ growth)
  • Disbursements: ₹1,628 Cr (31.0% YoY growth, 3.6% QoQ growth) - Record high
  • Total Income: ₹540 Cr (18.6% YoY growth, 7.0% QoQ growth)
  • PAT: ₹160 Cr (34.5% YoY growth, 7.0% QoQ growth)
  • PPOP: ₹224 Cr (32.9% YoY growth, 6.0% QoQ growth)
  • Net Total Income: ₹332 Cr (29.9% YoY growth, 7.1% QoQ growth)

Profitability Ratios:

  • ROA: 4.2% (improved 50 bps YoY, 10 bps QoQ)
  • ROE: 14.5% (improved 50 bps QoQ)
  • Spread (ex-Co-Lending): 5.3% (stable QoQ, improved 20 bps YoY)
  • Cost to Income Ratio: 32.7% (improved 150 bps YoY, increased 70 bps QoQ)

Asset Quality and Provisions

Asset Quality Metrics:

  • 1+ DPD: 4.7% (flat QoQ)
  • 30+ DPD: 3.2% (flat QoQ)
  • Gross Stage 3 (GNPA): 1.8% (flat QoQ, same as Jun'25)
  • Credit Cost: 40 bps for the quarter
  • July 2026 Bounce Rate: 15.2% (range-bound)

Provision Coverage:

  • ECL Provision: ₹113 Cr as of Jun'26
  • Total Provision to Loans Outstanding Ratio: 0.8%
  • Provision Coverage Ratio (PCR): 45.3% (vs 44.9% in Mar'26)

Balance Sheet and Funding

Capital Position:

  • Networth: ₹4,483 Cr (vs ₹4,357 Cr in Mar'26, ₹3,855 Cr in Jun'25)
  • Total CRAR: 42.6% (Tier I: 42.2%)
  • Liquidity Buffer: ₹2,272 Cr as of Jun'26

Borrowings:

  • Total Borrowings: ₹10,818 Cr (including debt securities)
  • Cost of Borrowings: 7.8% (improved 10 bps QoQ)

Operational Highlights

Distribution Network:

  • Branches: 175 (+4 from Mar'26, +17 from Jun'25)
  • Touchpoints: 373 (flat QoQ)
  • Geographic Presence: 13 States/UT
  • Employee Strength: 1,988 (+133 net additions, primarily customer-facing roles)

Portfolio Composition:

  • Housing Loans Contribution: 83% of AUM
  • EWS/LIG Category: ~58% of AUM

Green Homes Initiative:

  • Additional Certified Homes: 100 in Q1
  • Cumulative Certified Homes: 550 as of Jun'26

Management Commentary

Mr. Manoj Viswanathan, MD & CEO, highlighted:

  • Indian economy shows strong underlying momentum with stable domestic consumption, range-bound inflation, steady policy rates, and improving liquidity
  • Supportive environment for credit growth despite global macro uncertainties
  • Growth was broad-based across geographies and distribution channels
  • Margins remained resilient due to disciplined pricing and prudent liability management
  • Collection efficiency remained healthy with stable asset quality
  • Structural demand drivers remain firmly in place: favorable demographics, increasing formalization of incomes, urbanization, and policy support
  • Company confident of delivering ~25% AUM growth while maintaining focus on profitability, portfolio quality, and operating efficiency
  • Strong capital position, diversified funding franchise, and scalable operating platform support long-term value creation

Outlook

  • Maintains optimistic outlook for affordable housing finance sector
  • Expects to deliver approximately 25% AUM growth
  • Focus on maintaining profitability, portfolio quality, and operating efficiency
  • Well positioned with strong capital position and diversified funding profile