Capri Loans Q4FY26: Growth Scales Up, Asset Quality Tightens

The presentation reports consolidated AUM of INR 366,233 million as of Q4FY26.

Gold loans were the largest segment, with AUM of INR 169,646 million and 46.3 percent of total AUM in Q4FY26.

FY26 PAT was INR 9,486 million versus INR 4,785 million in FY25, as shown in the annual highlights and income statement.

In the concall, management guided AUM of INR 46,000 crore by end of FY27 and INR 57,000 crore by FY28.

Management reiterated a target to deliver RoAE of 16.0 to 18.0 percent and RoAA of 4.0 to 4.5 percent by FY28.

Management said new co-lending guidelines effective 1 Jan 2026 could cause a temporary slowdown for a couple of quarters while partners transition, with volumes expected to normalize by the Jul-Sep 2026 quarter.

Management described Capri Care as a digital insurance platform launched in Q3 that enables real-time policy issuance and supports scaling insurance distribution fee income.