Key Financial Performance (Q1FY27 Consolidated)

  • Profit After Tax (PAT): Stood at ₹902 crore, compared to ₹701 crore in Q1FY26, registering a growth of 29% Year-over-Year (YoY). This is the highest ever consolidated PAT.
  • Consolidated Loan Book: Stood at ₹1,29,634 crore, compared to ₹1,02,314 crore in Q1FY26, registering a growth of 27% YoY. This is the highest ever consolidated book.
  • Retail Loan Book: Stood at ₹1,27,535 crore, compared to ₹99,816 crore in Q1FY26, registering a growth of 28% YoY.
  • Net Interest Margin + Fees (NIMs + Fees): Stood at 10.47%, compared to 10.22% in Q1FY26, an improvement of 25 basis points (bps) YoY.
  • Return on Assets (RoA): Improved to 2.48% from 2.37% in Q1FY26, up 11 bps YoY.
  • Return on Equity (RoE): Increased to 12.71% from 10.86% (after macro prudential provisions) in Q1FY26.
  • Weighted Average Cost of Borrowing (WACB): Stood at 7.20%, down 48 bps from 7.68% in Q1FY26.

Asset Quality & Credit Cost (Consolidated)

  • Gross Stage 3 (GS3): Stood at 2.86% for Q1FY27, improved from 3.31% in Q1FY26.
  • Net Stage 3 (NS3): Stood at 0.90% for Q1FY27, improved from 0.99% in Q1FY26.
  • Credit Cost: Stood at 2.54% for Q1FY27. This represents a reduction of 89 bps YoY from 3.43% (before macro prudential provisions) in Q1FY26 and a sequential reduction of 10 bps from 2.64% in Q4FY26.

Business Segment Performance (Disbursements & Book Size)

  • Total Retail Disbursements: ₹23,852 crore in Q1FY27, a growth of 36% YoY from ₹17,522 crore in Q1FY26.
  • Rural Business Finance: Disbursements at ₹6,961 crore (up 24% YoY). Book size at ₹32,493 crore (up 22% YoY). Collection efficiency reported at ~99.8% 0DPD.
  • Farmer Finance: Disbursements at ₹2,453 crore (up 11% YoY). Book size at ₹17,514 crore (up 11% YoY).
  • Two-wheeler Finance: Disbursements at ₹3,006 crore (up 41% YoY), powered by 'Project Cyclops'. Book size at ₹15,068 crore (up 22% YoY).
  • Personal Loans: Disbursements at ₹4,380 crore (up 126% YoY). Book size at ₹16,917 crore (up 80% YoY). Focus on risk-calibrated disbursements through Big Tech Partnerships.
  • Housing Loans & Loan Against Property (LAP): Disbursements at ₹3,401 crore (up 22% YoY). Book size at ₹31,630 crore (up 20% YoY).
  • SME Finance: Disbursements at ₹1,567 crore (up 23% YoY). Book size at ₹8,884 crore (up 28% YoY).
  • Gold Finance: Disbursements at ₹1,928 crore (up 26% YoY). Book size expanded to ₹3,829 crore, a growth of 182% YoY from ₹1,360 crore. Exited the quarter with 343 active branches, a cumulative addition of 213 new branches since the acquisition of the business in June 2025.

Technology & AI Transformation Initiatives

The company is accelerating its transition to an AI-native lender under its Lakshya 2031 strategic plan.

  • Project Cyclops: In-house AI credit engine for Two-wheeler finance, showing significant portfolio outperformance.
  • Project Helios: SME underwriting co-pilot that has processed over 40,000 files, slashing turnaround times.
  • Project Nostradamus: Portfolio Management Co-Pilot that has serviced over 3,000 business queries.
  • Project Canyon: Proprietary in-house developed Gold Loan Origination System (LOS) featuring an AI assistant 'Ginni'. 60% of its codebase was AI-generated.
  • Other AI Tools: 'ShighraM' (Mortgage Legal Process Automation Co-Pilot) processed over 4,000 files in 11 languages. Mortgage Policy and Pricing Assistant services over 200 queries daily in 15 languages.
  • Digital Channels: The customer-facing PLANET app crossed 2.5 crore downloads, sourced loans of ~₹34,462 crore, and handled collections over ₹11,500 crore. The Partner PLANET app onboarded over 4,400 dealers.
  • Cost Optimization: A focus on Private Cloud is projected to be 70% cheaper than hyperscale clouds over a 5-year total cost of ownership (TCO).

Distribution & Network Strength

The company's pan-India retail franchise is supported by:

  • Presence in ~2 lakh villages and over 450 cities/towns.
  • ~2,800 branches in urban and rural geographies.
  • ~14,000 distribution points.
  • Specific active points: 23,467 new villages activated for Rural Group Loans/MFI, 8,914 for Two-wheeler Finance, 2,750 for Farm Equipment Finance, 310 for Home Loan/LAP, and 343 for Gold Finance.
  • A customer database of over 2.9 crore customers leveraged for cross-sell and upsell.

Management Commentary

Mr. Sudipta Roy, Managing Director & CEO, commented on the resilient performance amidst an evolving macroeconomic environment. He highlighted disciplined execution, investments in technology and AI, and the resumption of growth in the Rural Business Finance vertical as key factors. The focus remains on delivering consistent, profitable, and high-quality growth while building a future-ready, AI-native financial institution.