Capri Global Capital Management Guidance Tracker

16 forward-looking guidance items tracked across 4 quarters.

Growth

Q1 FY2630% AUM growth for FY26Active

Management expects to maintain 30% AUM growth for the current fiscal year, with a target of ₹50,000 crore AUM by FY28.

Q1 FY26ROE of 13-14% for FY26, improving to 16-17% in FY27Tracked

Return on equity is guided at 13-14% for FY26, with an improvement to 16-17% in FY27 as operating leverage kicks in.

Q2 FY26FY26 AUM target of ₹32,000 croreTracked

Management raised AUM guidance to ₹32,000 crore for FY26, implying ~30% growth from current levels.

Q2 FY26FY27 AUM target of ₹42,000 croreTracked

AUM target of ₹42,000 crore for FY27, implying ~31% growth over FY26 target.

Q3 FY26FY28 AUM target raised to ₹55,000 croreTracked

Management revised the FY28 AUM guidance from ₹50,000 crore to ₹55,000 crore, implying a CAGR of ~25% from current levels.

Q3 FY26ROE target of 16-18% and ROA of 4-4.25% by FY28Tracked

Management targets sustainable ROE of 16-18% and ROA of 4-4.25% by FY28, supported by operating leverage and fee income growth.

Q4 FY26AUM target of ₹55,000 crore by FY28Tracked

Management revised FY28 AUM guidance upward to ₹57,000 crore, implying a CAGR of ~25%.

Margins

Q1 FY26Cost of funds to decline 30-40 bps by year-endTracked

Management expects cost of funds to reduce by 30-40 basis points by the end of FY26 due to MCLR resets and lower incremental borrowing costs.

Q1 FY26Credit cost to remain below 70 bps for FY26Tracked

Credit cost is expected to stay within 70 basis points for the full year, with Q1 being seasonally higher.

Q3 FY26Spread guidance of 7.2%Active

Management expects spread to improve to 7.2% in Q4 FY26, driven by higher gold loan mix and lower cost of funds.

Q3 FY26Cost of funds reduction of 24-25 bps in 3-6 monthsActive

Management expects to reduce cost of funds by another 24-25 bps in the next 3-6 months through borrowing mix optimization and potential rating upgrade.

Q4 FY26RoA of 4-4.5% and RoE of 16-18% by FY28Tracked

Target return ratios for FY28, with FY27 RoA guided at ~4% and RoE at least 16%.

Q4 FY26Cost of borrowings to decline ~20bps in FY27Tracked

Expect cost of funds to reduce by ~20bps to ~9% by end of FY27, with potential further 20bps from rating upgrade.

Revenue

Q2 FY26FY26 PAT target of ₹850 croreTracked

PAT target of ₹850 crore for FY26, implying ~260% growth over FY25 PAT of ~₹236 crore (annualized).

Q2 FY26FY27 PAT target of ₹1,200 croreTracked

PAT target of ₹1,200 crore for FY27, implying ~41% growth over FY26 target.

Q4 FY26PAT guidance of ₹1,300 crore for FY27Tracked

Management guided for PAT of ₹1,300 crore in FY27, implying ~37% growth over FY26 PAT of ₹949 crore.