Fedbank Financial Services Ltd

- The transcript does not explicitly mention any current or planned fundraising through debt or equity. - The company notes that its borrowing costs have declined due to resets on external benchmark-linked borrowings and lower rates on new borrowings, indicating ongoing active management of existing debt. - The debt-equity ratio has increased slightly from 3.78% to 3.99% from September to December 2025, suggesting some incremental borrowing but no clear indication of new fundraising. - The management discussed increasing fixed-rate borrowings for better spread visibility but did not mention any new debt issuance plans. - There is no discussion or guidance about raising equity capital in the provided pages. - Overall, focus seems to be on managing existing borrowings and investing in growth, without explicit plans disclosed for fresh fundraising.

- Fedbank Financial Services is investing in rebuilding the small ticket LAP (Loan Against Property) business, described as a challenging task requiring investment in the collection side and manpower. (Page 19) - The company has invested in new gold loan branches as part of their strategy to grow the gold loan business, which has shown strong momentum. (Page 15) - There is a focus on capacity addition and operational infrastructure, with increased depreciation noted due to branch infrastructure expansion, indicating ongoing investments in branch network and operations. (Page 6) - The cost-to-income ratio has remained flat for FY '26 due to these investments, with expected benefits and operational cost savings reflected starting FY '27. (Page 15) - Overall, strategic investments are focused on strengthening both the gold loan and secured LAP businesses, forming the core DNA for future growth. (Page 19)

- Gold loan AUM growth is expected to continue strongly, supported by 113 new branches and a focus on tonnage growth, targeting a 10% to 12% CAGR in gold loan tonnage year-on-year. - Mortgage AUM grew 20% YoY, with medium ticket LAP disbursements continuing but with conscious management of direct assignments and co-lending strategy; ST LAP business is being rebuilt carefully. - Overall business AUM (excluding divested BL business) grew 32.5% YoY, signaling robust growth potential. - Branch expansion (e.g., 58 branches in last quarter) is a key driver, with existing branches showing potential to increase AUM per branch from INR12.5-13 crores towards INR20 crores. - Credit cost focus in FY '26 aims to keep it below 1%, enabling predictable financials and supporting growth investments, especially in gold and mortgage businesses. - Revenue growth driven by NIM expansion, tonnage growth, and carefully managed disbursal intensity.

- Fedbank Financial Services aims for continued growth driven by expansion in gold loans and mortgage businesses. - Gold loan AUM saw strong growth (+52% Y-o-Y), supported by 113 new branches, with tonnage growth expected at 10-12% CAGR year-on-year. - Operating profit grew 11.7% Y-o-Y in Q3 FY '26, with net interest income up 16.8% Y-o-Y. - Investments in small-ticket LAP rebuilding and gold branches are expected to increase opex in FY '26, with operating leverage and cost efficiencies likely to reflect during FY '27. - Credit costs have been contained below 1% in FY '26; predictability and moderation expected in slippages from FY '27 onwards due to recovery efforts. - ROA and ROE showing steady improvement, with ROA rising from 2.2% to 2.5% over the last 4 quarters and ROE expanding by 130 bps to 12.7%, indicating profitability momentum. - Overall, earnings and operating profits are expected to see consistent, predictable growth supported by branch expansion and product focus.

The provided transcript and document pages from Fedbank Financial Services Limited's Q3 FY '26 Earnings Call do not mention or provide information regarding current, expected orderbook, or pending orders. The discussion primarily focuses on: - Loan book growth (gold loans and mortgage LAP) - Asset quality, slippages, and credit cost management - Branch expansion and business strategies - Gold loan AUM, tonnage growth, and LTV parameters - Borrowing cost and capital allocation strategies There is no reference to orderbook or pending orders in the excerpts shared. If you need information on orderbook or pending orders, please provide relevant documents or sections mentioning these topics.