• The document contains the transcript of the Q2 & H1 FY27 Earnings Conference Call conducted after the Board of Directors meeting held on 23rd October 2026.
  • The event was an earnings conference call hosted by Systematix Group to discuss the quarterly results and provide a strategic update. The call was conducted on October 23, 2026 (specific time not mentioned).
  • Management participants included Mr. Ajay Kanwal (Managing Director and CEO), Mr. K. S. Raman (Executive Director and Head - Retail Financial Services), Mr. Abhilash Sandur (Chief Financial Officer), along with other senior management team members.
  • The company referred to an investor presentation deck during the call and discussed specific slides covering financial performance, asset quality, business growth, and future outlook.
  • The meeting was conducted after the earnings announcement, as it references the Q2 FY27 results that were previously announced.
  • The company did not explicitly state whether a recording or transcript would be made available, but the document itself represents the official transcript filed with the exchanges.
  • No specific compliance language regarding unpublished price sensitive information (UPSI) was included in the transcript.

Financial Highlights Discussed

  • Q2 FY27 Performance: Highest ever quarterly PBT in the bank's history
  • H1 FY27 Performance: PAT of INR326 crores, equal to full year FY26 PAT
  • Guidance Revision: Upgraded from 80% to 100% PAT growth YoY for FY27
  • Net Interest Margin: 7.54% in Q2 FY27 vs 6.5% in Q2 FY26
  • Cost of Funds: Reduced to 7.4% from 7.9% YoY
  • Secured Assets: Increased to 73.7% of total book
  • Asset Quality: Gross NPA at 2.17%, Net NPA at 1.08%
  • Credit Cost: Expected to be below 2% for FY27 (0.92% in H1)
  • Advances Growth: 22% YoY to INR38,752 crores
  • ROA: Improved to 1.4%
  • ROE: Approximately 14%
  • Cost-to-Income Ratio: Improved to 64.3% from 67.0% in Q1

Business Segment Performance

  • Affordable Housing: 28.2% YoY growth, average ticket size INR11.9 lakhs
  • MSME Loans: 20.6% YoY growth
  • Vehicle Loans: 76% YoY growth (2-wheelers in 135 cities, used cars in 50 cities)
  • Gold Loans: 81% YoY growth but flat quarterly growth due to renewal cycle
  • MFI Book: Negative growth until last year, now showing improvement with 99% collection efficiency
  • Deposit Growth: 17% YoY to INR38,221 crores, with 96.1% of deposits having 1+ year tenure

Future Outlook and Guidance

  • Maintains advances growth guidance of 19-21% and deposits growth of 23-25% for FY27
  • Expects credit cost to be below 2% for FY27 with lower slippages in Q3
  • Targeting cost-to-income ratio to reach 60% benchmark over coming quarters
  • Planning to launch new products: Credit Line on UPI (live soon), Loans against shares and mutual funds (November), Trade FX (December)
  • Digital CASA onboarding expected by January 2027
  • Planning to open 78 branches in FY27 (40 already opened)

Additional Notes Section

  • The transcript was filed with BSE Limited and National Stock Exchange of India Ltd. under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The document includes the full Q&A session with analysts from Yes Securities, Invest Value Capital, Equentis Wealth, Share India Securities, and Investo Capital.
  • No financial attachments were included with this specific filing - the document represents the complete transcript of the earnings call.
  • The company addressed questions about geopolitical risks (Iran war impact), drought situations in Karnataka and Maharashtra, and merger speculation in the market.