Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2FY27 consolidated PAT ₹975 Cr, +33% YoY; consolidated book ₹1.37 tn, +28% YoY; RoA 2.60%, RoE 13.56% - Retail disbursements ₹24,027 Cr, +27% YoY; strong growth in Personal Loans (+72%), Two-Wheelers (+24%), Gold Loans (+242%) - Credit cost improved to 2.46%, targeting 2%-2.2% by Q4FY27; NIMs + Fees stable at 10.48% - Gold Loan book ₹5,043 Cr, +242% YoY; 502 branches with rapid scale-up - AI initiatives (Project Cyclops, Hercules, Nostradamus) driving credit quality, underwriting, and cross-sell - Rural disbursements calibrated due to monsoon variability; no visible risk pockets; strong collection efficiency ~99.7%-99.8% - Cost of funds lowered to 6.95%; incremental borrowing rates up 30-50 bps; liability management to mitigate repo hikes - IRDAI insurance commission rationalization under consultation; company confident of mitigating impact via new revenue streams and cost efficiencies - Lakshya 2031 targets reaffirmed: 20%+ book CAGR, 3.0%-3.2% RoA by FY31, 16%-18% RoE by FY31 - Strong branch expansion and integrated multi-product strategy underway, including Sampoorna branches - Management confident in navigating macro uncertainties and sustaining profitable growth