FY27 AUM Target: ₹4,200 Crore
Management confirmed the previously guided AUM range for FY27 remains intact despite Q1 growth being below industry rates, expecting acceleration from Q2 onward as the internal scorecard model scales up.
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Long-term AUM Vision: ₹10,000 Crore by FY28-29
The ₹10,000 crore AUM target for FY28-29 remains intact, contingent on macroeconomic conditions, with growth expected to come predominantly from CV, CE, and used car segments.
Asset Quality Guidance: Sub-4% Retail GNPA
Retail GNPA expected to remain sub-4% throughout FY27 given new portfolio (last 14 months) is showing only ~1% GNPA, with NPA expected to stay sub-2%.
Borrowing Cost Reduction: Additional 40-50 bps
Following the AA- rating upgrade, management expects incremental borrowing costs to decline by another 40-50 basis points in upcoming deals, building on the 80 bps reduction already achieved YoY.
AUM Target: ₹10,000 crore by FY28
Company reaffirmed its strategic objective to reach ₹10,000 crore AUM by 2028, requiring approximately ₹4,000 crore incremental disbursements annually from FY27 onwards.
Disbursement Run-rate: ₹1,000 crore per Quarter from FY27
Starting from Q1 FY27, quarterly disbursements expected to rise to ₹750-800 crore initially, scaling to ₹1,000 crore+ per quarter by Q3 FY27 (festive season) as new products stabilize.
ROA Target: 2% on Incremental Book
Management expects 2% ROA on the 15-16 month old incremental book through combination of higher yields (22.79% on new sourcing), lower cost of funds (reduced 84bps QoQ to 8.82%), and normalized impairment of 1.25%.
Retail FD Book: ₹100 crore by FY26 Year-end
Company aims to grow retail fixed deposit book from current ₹67.28 crore to over ₹100 crore by March 2026, reducing reliance on higher-cost market borrowings.