Transcript of Earnings Call Q1 FY27 held on August 05, 2026.

AI summary - Q1 FY27 disbursements grew 18% Y-o-Y to INR 5,882 Cr; 56% growth on cheque handover basis - Loan book grew 15% Y-o-Y to INR 89,670 Cr; Affordable and Emerging markets grew 27% Y-o-Y, 41% of retail portfolio - NIM moderated 19 bps Q-o-Q to 3.50%; spread stable at 2.12%; yield improved marginally to 9.48% - Gross NPA stable at 0.95%; credit cost negative 12 bps due to recoveries of INR 67 Cr - PAT grew 4% Y-o-Y to INR 557 Cr; ROA 2.37%, ROE 11.44% - Capital adequacy strong at 28.26%; Tier 1 at 27.87% - Growth guidance maintained: 18-20% overall book, 50-60% Affordable segment growth for FY27 - Margin and yield expected to improve from H2 FY27; cost of borrowing bottomed out - Digital transformation progressing; 404 branches with 12 added in Q1 - Multiple analyst queries on margin trajectory and Affordable segment growth; management confident on sustained improvement