Capri Global Capital (531595) Q3 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly profit of INR 2,554 million in Q3 FY26, up 99% year-on-year, with consolidated AUM reaching INR 304,065 million, a 47% year-on-year increase, and robust asset quality maintained.

• Non-interest income surged 124% year-on-year, driven by co-lending, insurance distribution, and other fee-based businesses.

• Customer base exceeded 630,000, with branch network expanded to 1,331 branches, focusing on MSME, gold, housing, and construction finance.

• Board approved unaudited standalone and consolidated financial results for Q3 FY26 with an unmodified auditor opinion and a new Global Medium Term Note (GMTN) programme to raise up to USD 1 billion.

• Invested Rs. 200 crore in Capri Global Housing Finance Limited (CGHFL) through a rights issue to support business growth.

Financial highlights

• Q3 FY26 consolidated revenue from operations was Rs. 12,203.13 million, up from Rs. 8,208.30 million in Q3 FY25; net profit reached Rs. 2,554.39 million, up from Rs. 1,280.84 million.

• Net interest income for Q3 FY26 was INR 510 crore, up 48% year-on-year; non-interest income grew 124% year-on-year to INR 240 crore, contributing 32% of net total income.

• Pre-provision operating profit surged 92% year-on-year to INR 363 crore; PAT reached INR 255 crore, up 99% year-on-year.

• Cost-to-income ratio improved to 51.6% from 58.2% year-on-year; net interest margin stood at 9.1%.

• Earnings per share (consolidated, basic) for Q3 FY26 was Rs. 2.66, up from Rs. 1.55 in Q3 FY25.

Outlook and guidance

• FY26 AUM guidance revised upward to INR 43,000–44,000 crore for next year and INR 55,000 crore by FY28; targeting INR 550 billion AUM by FY28 and over INR 1,000 billion by FY32, with a 25–30% CAGR.

• Targeting sustainable ROE of 16%+ and ROA of 4–4.25% by FY28, leveraging product diversification, technology, and operational efficiency.

• Plans to add 750–800 new branches over the next three years and deepen presence in new geographies.

• Board approved the establishment of a GMTN programme for up to USD 1 billion, indicating plans for international fund raising.

• Further investments in subsidiaries to support business expansion and working capital needs.