Capri Global Capital Ltd

- Capri Global Capital Limited successfully completed maiden public issuance of secured rated listed redeemable non-convertible debentures (NCDs) for INR 400 crores, which was oversubscribed across investor categories. - The company plans increased borrowing from alternative sources including public bond issuances, ECB, foreign currency loans, and mutual funds. - By end of FY27, the share of finances from non-bank sources is expected to significantly increase. - Current cost of funds is ~9.6%; expected to reduce by 30-40 bps gradually over the next 2-3 quarters due to MCLR reduction and better funding mix. - No specific mention of future equity fundraising in the transcript. - The focus is on diversifying borrowing sources and reducing cost of funds through debt instruments rather than equity.

- The company invested INR 29 crores in technology during the quarter, focusing on AI-driven initiatives to enhance asset quality and recovery. - Key technology investments include a digital auction platform, AI-based bureau analytics for smarter credit decisions, and real-time analytics capabilities for proactive portfolio monitoring. - Upgrades in cybersecurity and compliance were emphasized to support the expanding digital footprint. - No explicit mention of other current or future capital expenditure beyond technology investments. - The company is expanding its branch network aggressively, adding around 200 branches in the next two quarters, which implies ongoing capital allocation for branch expansion. - Capital adequacy is strong (standalone CAR at 32.9%), supported by an equity infusion of INR 2,000 crores in Q1 FY26, providing ample headroom for growth and strategic investments. - No specific strategic investments beyond branch expansion and technology enhancement were detailed.

- Capri Global Capital Limited targets annual AUM growth of 25% to 30% by FY28, with AUM expected to reach INR 32,000 crores by FY26-end and INR 42,000 crores by FY27-end. - Profit After Tax (PAT) is projected to increase from INR 850 crores in FY26 to INR 1,200 crores in FY27; PAT for FY28 is not yet projected. - The company plans significant branch expansion, including reaching 995 gold loan branches by March 2026 and adding about 200 total branches across products in upcoming quarters. - Revenue growth is supported by a diversified portfolio: gold loans (~40% share), MSME, affordable housing, and construction finance segments. - Non-interest income streams (e.g., insurance distribution, co-lending fees) are growing strongly, with a 97% YoY increase in Q2 FY26. - Technology investment and geographical expansion (including southern India) underpin growth and operational efficiency. - Management expects to maintain sustainable returns: ROE of 16%-18% and ROA of 4%-4.5% over time.

- AUM expected to grow from INR 32,000 crores in FY26 to INR 42,000 crores in FY27, implying a 30%-35% CAGR. - PAT guidance: INR 850 crores for FY26 and INR 1,200 crores for FY27; PAT not projected beyond FY27 yet. - Target sustainable ROE of 16% to 18% and ROA of 4% to 4.5% by FY28. - Operating expense rising due to employee addition and incentives but cost-to-income ratio improves to 49% indicating operational efficiency gains. - Spread expected to improve to around 7.2% due to lower cost of funds and operational efficiencies. - Technology investments and geographical expansion support scalable growth. - Annualized AUM growth guidance of 25%-30% over medium term.

The transcript does not explicitly mention the current or expected order book or pending orders for Capri Global Capital Limited. However, related insights from the call include: - The company is focusing on expanding its loan book across segments like gold loans, MSME, affordable housing, and construction finance. - Significant AUM growth targets set: INR 32,000 crores by FY26 end and INR 42,000 crores by FY27 end. - Construction finance AUM grew 48% YoY to INR 4,969 crores, funding 286 active residential projects. - Expansion plans include increasing branches and loan book across segments, indicating healthy loan demand. - Co-lending forms 20% of total AUM, showing diversified credit sourcing. No direct information on order book or pending orders is provided in the transcript.