Fedbank Financial Services Management Guidance Tracker

Management reiterated guidance of credit cost at 1% ±10 bps for the full year, with Q3 at 0.9%.

Management indicated FY26 is an investment year; operating leverage benefits will reflect from FY27 onwards.

Management expects ROA to improve by 20-30 bps from FY26 levels, driven by lower credit costs and operating leverage.

Credit cost is expected to stay rangebound, with management toggling between opex and credit cost to achieve ROA improvement.

Company opened 54 new gold branches in Q3, targeting continued branch additions in coming quarters.

Company plans to reduce direct assignments and migrate to co-lending model for MTLAP, impacting income recognition.

Management reiterated guidance for overall AUM growth of 20-25% in FY27, with gold loan growth of 20-22% even if gold prices remain flat.

Management expects gold loan origination yields to recover by 10 bps in Q1 FY27 as seasonality effects reverse.