ARMANFIN / Q4-FY26 / claim-ledger

Audit the questions that mattered.

Arman Financial Services · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

71%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Rohan Meta · FCOM family office

partial

Cost of borrowings trajectory for FY27 and NIM compression risk.

borrowing costs have been steadily declining... average cost of borrowing continues to be approximately 12%... marginal cost in the last two quarters would have been about 11.75%.

Rohan Meta · FCOM family office

evasive

Stabilized NIM outlook for FY27 and recent repricing.

we have not adjusted the interest rates in the last quarter although we did in the previous quarter... product mix will affect yields.

Rohan Meta · FCOM family office

partial

ROA outlook for FY27 and drivers of improvement.

we expect healthy growth in the ROA I don't want to place an exact figure... definitely 3 and a half 4% plus is sort of easy to expect.

Ronach Cher · Aura Capital

direct

OPEX cost-to-asset ratio trajectory and steady state.

right now we are at one of the highest levels... around 9%... this year we are probably targeting to bring it around 7 odd%.

Ronach Cher · Aura Capital

direct

Growth outlook for MSME and LAP products.

we can expect it to grow by 20 25% but not like a huge jump... MSME we are targeting somewhere around 25 odd% growth in FY27.

Ronach Cher · Aura Capital

evasive

Can FY27 cross peak profitability?

I wish I could say yes or no. There are uncertainties... we'll get it close.

Kesha Carva · White Pine Investment Management

direct

April and May collection efficiency trends and MFI/MSME outlook.

disbursement volumes in April and May were lower than Q4... asset quality has been stable... not seen much drop in early delinquencies.

Shrinat V · Bell Weather

partial

Collections in delayed buckets and possibility of interest reversals.

right of connections are fairly good... the harder buckets should consistently improve... customers are also getting choked for fresh credit.

Bum Sha · Aquarius AMC

direct

Credit cost range for normalized FY27.

I think that's a ballpark a good number of 3%. Yeah, I think we should be able to pull that off.

RA · IPMS

direct

Levers to control OPEX and aspiration levels for cost-to-asset.

easiest thing is to grow the book... drive efficiency harder... we'll probably get that down to 7%.

Amit Mantri · 2.2 Capital Advisor

direct

Why LAP book growth is low despite high disbursements.

there was some one large couple of large ticket loans that we've done which had seen some early payments... they were closed earlier.

Pri Anag · Wealth Finis

direct

CGFMU protection limiting NPAs and Elevation Capital exit timeline.

Absolutely. Yes... as long as you get the claims it should cover about 75 72%.