PFA transcript of earnings call

AI summary - Q1 FY27 quarterly profit crossed INR300 crores, surpassing FY22 full-year profit - Client assets crossed INR5.36 lakh crores; MPIS assets grew 32% y-y to INR42,500 crores - Net new money in MPIS highest ever at INR3,000 crores; private ARR assets grew 21% to INR58,000 crores - Revenue grew 18% y-y to INR909 crores; asset services revenue up 34% y-y - Cost-to-income ratio steady at 55%; employee cost up 17%, opex up 24% y-y - Lending book crossed INR5,000 crores with NII growth of 12% q-o-q - Asset management losses expected INR35-40 crores in FY27; breakeven expected post Q4 - Offshore business breakeven in Dubai; Singapore breakeven expected by year-end - Technology investments include AI chatbots and voice assistants improving RM productivity - Capital markets: fixed income and institutional equities strong; IPO activity expected to pick up