Q1-FY25 · Arvind Kapil
Our fundamental guiding philosophy for all businesses has to be predictable, sustainable, and productive. So we plan to create a predictable, sustainable model.
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Poonawalla Fincorp · tone and specificity signals across the available quarters.
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Q1-FY25 · Arvind Kapil
I think there's one business, STP, that we wanna closely review and closely measure. I think it's an interesting business but I think we wanna for a quarter or two both on credit and collections review it more closely.
Q1-FY25 · Arvind Kapil
We want to achieve 5-6 times in 5-6 years. We are ambitious on this figure, and we are determined to make it happen. Third year projection, the profitability will be closer to an arithmetic mean, middling close to AUM projections.
Q1-FY26 · Arvind Kapil
We don't see that time. We see a very optimistic road ahead for the country. We also see immense value getting added from the credit bureaus, and the name of the game will be risk calibration.
Q1-FY26 · Arvind Kapil
We have said what we had to say. By limited pointers, there are two figures we have done this time. One is an additional disclosure. If I remove STPL from there, we've done an additional disclosure that 12 of my businesses, which is approximately 80% of 41, which might be what, 34,000 or 32, 33, whatever it is, that is a decently sized book, which is a credit cost of 1.43. I have not seen this in the NBFC world, by the way.
Q1-FY26 · Shriram Iyer
If you ask me, the problem actually doesn't exist now anymore. This is just over the next seven to eight months; it may kind of run off, and we have sufficient provisioning around that.
Q2-FY25 · Arvind Kapil
I've been always telling you we'll be solid in risk management. When I say we'll be solid, it only means that we are to walk the talk as a management team, which is fundamentally important as we embark upon sustainable, predictable, and transparent long-term strategy.
Q2-FY25 · Arvind Kapil
This management team, by the way, is not just one level below me. You've got guys who are two levels below, now three levels below. We used to have difficulty getting that quality of talent at that pace. Now, I think we have a pipeline of guys who want to join us.
Q2-FY25 · Arvind Kapil
We've curtailed down our disbursals in the STPL higher risk business by almost one. We're down to one-fifth. So whatever we were doing in STPL, we're down to around approximately 20% of that disbursals a month. Despite that, you notice we show the 5% sequential growth, which means the rest of the business have to start growing at a much accelerated rate, and which we managed to do even in the first four months.
Q2-FY26 · Arvind Kapil
We've launched around six, seven businesses. They will pick up scale in different proportions over years. You will have the same calibration playing in the range of 1.5%-2% as the new product contribution gets more representative insights.
Q2-FY26 · Shriram Iyer
The worst is behind us. We are excited as we look into the future quarters.
Q2-FY26 · Arvind Kapil
This will be a very strong sense, not just as a strength in terms of drop in borrowing cost. It also adds a lot of stability from a risk management on the liability side because you start developing that market in terms of long-term funding.
Q3-FY25 · Arvind Kapil
We are quite excited about the phase of the building blocks and increase of businesses over the next four quarters. These investments may have a four-quarter one-year gestation. However, robust profitability, risk-adjusted return, and a truly institutional scale is the visualization.
Q3-FY25 · Arvind Kapil
We expect that the ROAs will be probably in the range of around 3.5% by the time the third year ends. All these seven businesses that we are confident of pulling off, in my plan, have an ROA of 3%-4.5%. That should give you a sense of what ROAs are roaming in my head.
Q3-FY25 · Sanjay Miranka
We have seen a significant improvement in bounce resolution from Q2 to Q3. In fact, in Q3 also, Q3 average to December bounce rate has further improved bounce resolution. With these write-offs and provisions, we have sufficient provisions.
Q3-FY26 · Arvind Kapil
We are designing a high-quality, stable, low-volatile credit portfolio, not accumulating a balance sheet. From inception, every product we scale is built to deliver sustainable, healthy ROE over a two-to-cycle basis. Growth is therefore a means to compound intrinsic value, not an objective in itself.
Q3-FY26 · Vikas Pandey
Over 70% of customers have bureau scores above 750, are salaried with category A corporates, and earn net monthly income exceeding ₹75,000. This validates our risk-calibrated acquisition strategy.
Q3-FY26 · Arvind Kapil
I think the very fact that these are designed and, to be honest, a lot of investments, strategic investments which we did over the last 18 months. And if you ask me, the trade-off is in complete favor of operating leverage. So not that you won't make incremental sales teams, and not that you won't have new branches. But I think it's usually in favor of operating leverage from now on.
Q4-FY25 · Shriram Iyer
80% of the residual book is zero DPD, and we do not expect any increased stress on the residual book. This makes it quite clear that the erstwhile STPL issue has been addressed.
Q4-FY25 · Arvind Kapil
Our digital journeys, in-house AI-developed models, and there's a whole lot of AI visibility that I'll give you today. All these three will enable us to use data and insights across businesses from sourcing to underwriting and collections, which will, in my view, make technology a competitive advantage for us.
Q4-FY25 · Arvind Kapil
We are looking at three, three and a half [ROE]. So I think you will at some point start inching upwards. The AUMs I can assure you are all being constructed at 3+% ROAs.
Q4-FY26 · Arvind Kapil
The 1.81% [ROE] is a new baseline, I believe, and we should, in my limited view, grow strength to strength in a couple of quarters. Among all our six vectors, ROE I would treat as our North Star metric.
Q4-FY26 · Shriram Iyer
We are now in a position to dynamically update our models in a matter of days versus weeks, reflecting agility in our treatment strategies. The 12 MOB 90+ for cohorts originated post-September 2024 has seen improvements of over 50% compared to the cohorts originated 12 months prior.
Q4-FY26 · Harsh Kumar
We are moving from point solution to agentic system—AI that does not merely assist user, but reasons, executes, monitors, improves outcomes within governed boundaries. This is a shift that allows AI to scale beyond individual use case and become operating infrastructure. Not a tool, but a substrate on which workflows run.