Capri Global Capital (531595) Q2 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly profit in Q2 FY26, with PAT up 143% year-on-year to ₹2,360 mn, driven by strong growth across all lending segments and robust operational execution.

• AUM grew 40% year-on-year to ₹270,401 mn in Q2FY26, with net interest income up 57% year-on-year and non-interest income nearly doubling.

• Cost-to-income ratio improved to 49% from 64% in Q2 FY25, and asset quality strengthened with NNPA at 0.7%.

• Branch network expanded to 1,224 locations, with 86 net additions in the quarter, supporting pan-India growth ambitions.

• Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, with an unmodified auditor review opinion.

Financial highlights

• Consolidated AUM reached ₹270,401 mn, up 40% year-on-year as of September 30, 2025; net interest income for Q2 FY26 was ₹4,800 mn, up 57% year-on-year.

• Non-interest income grew 97% year-on-year to ₹2,030 mn, contributing 29.8% of net total income.

• Pre-provision operating profit surged 137% year-on-year to ₹3,450 mn; PAT rose 143% year-on-year to ₹2,360 mn.

• Cost-to-income ratio improved to 49% in Q2 FY26 from 64% in Q2 FY25.

• Consolidated net profit for H1 FY26 was ₹4,108.99 mn, compared to ₹1,727.07 mn in H1 FY25.

Outlook and guidance

• Targeting 25%-30% annualized AUM growth and sustainable ROE of 16%-18% and ROA of 4%-4.5% by FY2028.

• FY26 AUM guidance revised upward to ₹320,000 mn, with PAT expected at ₹8,500 mn; FY27 AUM target at ₹420,000 mn and PAT at ₹12,000 mn.

• Branch expansion to continue, with gold loan branches expected to reach 995 by March 2026 and total network to add about 200 branches in next two quarters.

• Strategic focus on product diversification, geographic expansion, and leveraging technology for operational excellence.

• Recent capital raise via QIP of ₹20,000 mn in June 2025 and new NCD issuance of ₹4,000 mn in September 2025 to support growth.