Quarterly Financial Results
Capri Global Capital Q1 FY27 Results: PAT Doubles 102% YoY as AUM Crosses ₹40,000 Crore
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- Capri Global Capital Limited reported a strong Q1 FY27 performance, driven by robust growth across its lending businesses.
- Consolidated Assets Under Management (AUM) increased 62% YoY to ₹40,111.6 crore, while Net Interest Income (NII) grew 79% YoY to ₹736.4 crore.
- Profit After Tax (PAT) more than doubled to ₹353.4 crore, reflecting strong operating leverage, healthy asset quality and continued expansion across Gold Loans, MSME, Housing Finance and Construction Finance businesses.
PRICE-SENSITIVE TRIGGER
Event: Q1 FY27 Earnings Presentation
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect: Capri Global Capital delivered another quarter of strong earnings growth supported by rapid expansion in its loan portfolio, improving profitability metrics and healthy asset quality. The company continued expanding its distribution network while maintaining disciplined credit quality.
Metrics:
Key Financial Metrics:
- Assets Under Management (AUM): ₹40,111.6 crore (+62% YoY, +10% QoQ)
- Net Interest Income (NII): ₹736.4 crore (+79% YoY, +24% QoQ)
- Non-Interest Income: ₹216.9 crore (+28% YoY)
- Operating Expenses: ₹421.2 crore (+56% YoY)
- Operating Profit: ₹532.1 crore (+71% YoY, +25% QoQ)
- Profit After Tax (PAT): ₹353.4 crore (+102% YoY, +25% QoQ)
- Cost-to-Income Ratio: 44.2% (improved from 46.5% in Q1 FY26)
- Net NPA: 0.6% (vs 1.0% in Q1 FY26)
- Return on Average Equity (RoAE): 19.1%
- Return on Average Assets (RoAA): 4.1%
Highlight:
- Capri Global Capital more than doubled its quarterly profit while maintaining a Net NPA of just 0.6%, demonstrating strong growth alongside healthy asset quality.
What Happened ?
Capri Global Capital delivered strong operational and financial growth during Q1 FY27 as demand remained healthy across its retail-focused lending businesses.
The company crossed the ₹40,000 crore AUM milestone, driven primarily by rapid expansion in Gold Loans, which now account for nearly 48% of the total loan book. Housing Finance, MSME lending and Construction Finance also continued to contribute meaningfully to portfolio growth.
Improving operating leverage helped PAT grow at a faster pace than revenue, while lower credit costs and disciplined underwriting supported profitability. Asset quality remained healthy with Net NPA contained at 0.6%, despite the company’s rapid expansion.
key details
Strong Growth Across Lending Businesses:
The company’s lending portfolio remained well diversified:
- Gold Loan AUM: ₹19,178.6 crore
- Housing Finance AUM: ₹7,815.3 crore
- MSME AUM: ₹6,779.1 crore
- Construction Finance AUM: ₹6,331.6 crore
Gold Loans continued to remain the largest business segment, contributing approximately 47.8% of consolidated AUM.
Gold Loan Business Continues to Scale:
The Gold Loan franchise maintained strong momentum during the quarter.
Key operating metrics included:
- Average ticket size increased to ₹1.91 lakh.
- Gold collateral under custody rose to 20.2 tonnes.
- AUM per branch increased to ₹19.2 crore.
- Live customer accounts remained above 10 lakh.
- Incremental Loan-to-Value (LTV) remained at a prudent 70.5%.
MSME & Housing Finance:
MSME lending continued expanding through a highly granular portfolio dominated by self-employed borrowers.
Highlights include:
- MSME average sanction ticket size increased to ₹16 lakh.
- MSME live accounts crossed 57,000.
- Housing Finance live accounts increased to 47,588.
- Housing Finance portfolio continues to be 75% self-employed, supporting the company’s strategy of serving underpenetrated customer segments.
Construction Finance:
Construction Finance AUM recorded approximately 40% YoY growth, supported by a healthy project pipeline.
The portfolio remains geographically diversified across Mumbai, Gujarat, Karnataka, Delhi-NCR, Telangana and other major real estate markets.
Insurance Distribution:
The company continued expanding its fee-based income business through insurance distribution.
Highlights include:
- Partnerships with 22 insurance companies.
- Distribution across Life, Health and General Insurance products.
- Total insurance premium reached ₹273.2 crore in FY26, with continued cross-selling momentum in Q1 FY27.
- Digital initiatives include real-time policy issuance, digital onboarding and WhatsApp-based purchase journeys.
Distribution Network:
Capri continued strengthening its physical presence:
- Total Branch Network: 1,433 branches
- Gold Loan Branches: 1,000
- Mortgage Finance Branches: 433
- Presence across 30 States and Union Territories
- Car Loan distribution network covers 821 locations nationwide.
Risk Analysis
Summary:
- Although business growth remains robust, maintaining asset quality during rapid portfolio expansion and managing operating expenses across a growing branch network remain key execution priorities.
Key Risks:
- Sustaining credit quality while growing the loan book at a high pace.
- Gold Loan business now contributes nearly half of total AUM, increasing concentration risk.
- Rising operating expenses due to continued branch expansion.
- Interest rate movements could affect lending spreads.
- Competition across retail lending segments may pressure future margins.
Worst Case:
- A slowdown in retail credit demand, deterioration in asset quality or sharp changes in gold prices and interest rates could moderate earnings growth and increase credit costs.
Risk Level: Medium
Company Commentary
Management highlighted several strategic priorities:
- Continue scaling Gold Loan, MSME and Housing Finance businesses.
- Leverage co-lending and direct assignment models for capital-efficient growth.
- Expand the physical branch network to improve customer acquisition.
- Strengthen cross-selling through insurance distribution.
- Maintain disciplined underwriting while improving profitability and return ratios.
Official Exchange Filing: Capri Global Capital Limited
