Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q1 FY27 AUM grew 18% Y-o-Y to INR31,364 Cr; disbursements INR2,036 Cr (cheque clearance basis) - Medium-term guidance: 20% AUM growth, 20% profit growth, 17-18% disbursement growth for FY27 - Portfolio: 73% home loans, 27% non-home loans; 60% LTV; salaried 55% of AUM; GNPA 1.31%, Stage 2 at 3.3% - Spreads steady at 5.8% despite 15 bps rate cut; urban-emerging branch strategy supports yield - Cost-to-income at 36.3% including INR14 Cr ESOP charge; credit cost seasonal at 40-45 bps Q1, expected 23-25 bps FY27 - Liquidity maintained at ~7-8% borrowings; 78% borrowings floating rate; exit cost of funds 7.7% - Branch network 628 across 22 states; 45-50 new branches planned for FY27 - Management confident of sustaining 5.5%+ spreads and 20% growth guidance for FY27