Capri Global Capital announced strong financial results for Q3FY26, marked by a 47% YoY growth in AUM to ₹304,065 million and a 99% YoY PAT increase to ₹2,554 million. Key drivers included significant non-interest income growth (124% YoY) and substantial improvement in profitability ratios, with ROAE reaching 15.0%. The company remains focused on its strategy of leveraging technology and expanding its granular, retail-focused, secured loan book.
Q3 FY26 Financial Performance Snapshot
Capri Global Capital reported excellent performance for the quarter ending December 31, 2025 (Q3FY26), showcasing strong execution across all metrics. The Assets Under Management (AUM) grew by 47% YoY to ₹304,065 million, with a corresponding 12% QoQ increase. Profitability saw major uplift, with Profit After Tax (PAT) rising 99% YoY to ₹2,554 million.
Income and Profitability Metrics
Total Income for the quarter grew by 66% YoY, reaching ₹7,507 million. The growth was significantly propelled by a 124% YoY surge in Non-Interest Income to ₹2,404 million. This led to a notable improvement in cost efficiency, as the Cost-Income Ratio improved by 662 bps YoY to 51.6%.
- Net Interest Income (NII): Increased 48% YoY to ₹5,103 million.
- Operating Profit: Grew 92% YoY to ₹3,634 million.
- Return on Equity (ROAE): Increased 244 bps YoY to 15.0%.
- Return on Assets (ROAA): Stood at 4.0% (a 113 bps YoY improvement).
Asset Quality Remains Sound
The company maintained healthy asset quality, with Net NPA (NNPA) declining 35 bps YoY to 0.7%. The Credit Cost for the quarter was ₹231 million. The Login to Sanction ratio stood at ~31%, indicating superior customer selection.
Business Growth and Diversification
The Consolidated AUM grew at a 50% CAGR from FY22 to 9MFY26. The business remains highly diversified, with MSME, Gold, Housing, and Construction Finance (CF) contributing significantly. The composition of AUM shows Housing Loan accounting for 42.1%, while MSME stands at 19.4% in Q3FY26.
Key segment highlights include:
- Gold Loan AUM: Grew to ₹127,992 million, leveraging a digital-first journey and fast TAT of <30 minutes.
- MSME Loan: AUM reached ₹58,862 million, focusing on the underserved Self Employed Non-Professional (SENP) segment in Tier 2, 3, and 4 cities.
- Housing Loan AUM: Reached ₹64,900 million, with 60.6% of customers having family income less than ₹1 million.
- Retail Construction Finance: Showed a CAGR of 45.0% in AUM (to ₹51,090 million) and a high yield of 17.6%.
Technology and Operations
Capri Global continues to invest heavily in its in-house technology platform, supported by a dedicated 150+ member team of engineers and data scientists. This platform enables end-to-end digital loan journeys, risk-based pricing via the Loan Origination System (LOS), and sophisticated AI/ML-backed collection processes achieving >98.0% in-house collection efficiency.
Liability and Capital Strength
The balance sheet remains robust, with Total Equity growing 68% YoY to ₹69,272 million in Q3FY26. Capital Adequacy (CRAR) for CGCL stood at 30.3%. The company’s Total Borrowings reached ₹194,212 million, with Bank Borrowings constituting 78.7% of the mix. Furthermore, the company is leveraging Co-lending, which accounted for 23.5% of consolidated AUM and contributed 43.7% of non-interest income in 9MFY26.
Strategic Outlook
Capri Global’s forward-looking targets include achieving ₹550 billion AUM by FY28 and delivering 16.0-18.0% ROAE and 4.0% – 4.5% ROAA by FY28, driven by product diversification, geographic expansion (planning 750-800 new branches over the next three years), and enhanced operational efficiency through AI tools.
Source: BSE
