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Capri Global Capital reported a strong Q1FY27 performance

ICICIdirect Research 28 Jul 2026 DISCLAIMER

News: Capri Global Capital reported a strong Q1FY27 performance, with consolidated AUM growing 9.5% QoQ (62.0% YoY) to ₹40,112 crore, driven by robust traction across gold loans, MSME, housing and construction finance. Net interest income increased 23.6% QoQ (78.5% YoY) to ₹736 crore, while PAT grew 25.0% QoQ (102.0% YoY) to ₹353 crore, supported by strong operating leverage and spread expansion. Cost-to-income ratio improved to 44.2% from 49.4% in Q4FY26, while return ratios strengthened with RoAA at 4.1% and RoAE at 19.1%. Asset quality remained healthy, with Gross Stage 3 at 1.1%, NNPA at 0.6% and annualised credit cost at 0.8%, supported by disciplined risk management. 

View: Strong execution across secured retail lending segments, particularly gold loans, continues to drive healthy growth while maintaining profitability. Improving operating efficiency, higher spreads and a rising contribution from fee-based businesses provide confidence on earnings sustainability despite continued investments in growth. Healthy capitalisation, disciplined risk management and management's revised FY28 target of ₹65,000 crore AUM with 30%+ CAGR, RoAE of 19–21% and RoAA of 4.2–4.7% provide strong medium-term growth visibility.  

Impact: Positive

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