Capri Global Capital Limited · NSE:CGCL
Capri Global Capital — Q1 FY2026 Earnings Presentation
62 slides from Capri Global Capital's earnings presentation, Aug 3, 2025
Slide 1: Exchange filing cover letter for Q1FY26 investor presentation
August 03, 2025 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Pheeroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Plot No- 'C' Block, G Block Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code: 531595 Mumbai – 400 051 Scrip Code: CG
Slide 2: Q1FY26 Earnings Presentation
Q1FY26 Earnings Presentation 3rd August 2025
Slide 3: Table of Content
Table of Content 1 Business Updates 2 Quarterly Financial Performance 3 Strategic Outlook 4 Board and Management 5 ESG 6 Yearly Financial Performance 7 Annexure
Slide 4: Performance Highlights
Performance Highlights (In ₹ mn unless stated otherwise) Q1FY26 Q1FY25 YoY Q4FY25 QoQ AUM 247,538 174,587 42% 228,602 8% Net Interest Income 4,156 3,013 38% 3,812 9% Non Interest Income 1,661 1,089 53% 1,813 8% Operating Expenses 2,702 2,650 2% 3,084 12% Operating Profit 3,115 1,452 115% 2,540 23% P
Slide 5: Business Updates
1 Business Updates
Slide 6: Business Update
Business Update Consolidated AUM Up 42% YoY AUM Break Up (₹ mn) Composition of AUM (%) 247,538 228,602 1,600 1.7% 1.2% 1.2% 0.9% 0.6% 2,042 206,726 1,92,726 45,206 16.1% 18.3% 2,553 17.4% 18.1% 18.1% 2,220 41,329 1,74,587 2,914 37,423 33,462 54,903 23.8% 22.6% 22.2% 22.5% 22.8% 28,082 52,019 46,476
Slide 7: Retail AUM
Retail AUM Co-Lending AUM showing Steady Growth Co-Lending AUM (₹ mn) MSME AUM (₹ mn) 18.3% 18.9% 54,779 16.4% 17.9% 17.8% 52,789 48,014 47,601 49,258 46,804 10,315 40,798 10.025 36,912 7,547 9,348 9,561 9,710 35,192 5,963 28,620 4,692 5,495 3,550 28,942 20,939 21,707 24,810 42,767 44,464 15,722 38,
Slide 8: Gold Loan Business Update
Gold Loan Business Update Strong Growth Continues with a Rise In Yields Average Ticket Size (On Portfolio) (₹ ‘000s) Live Accounts 138 633,428 629,627 658,030 128 612,349 107 108 112 505,022 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Loan to Value (%) (Incremental Disbursa
Slide 9: MSME Business Update
MSME Business Update Well-Diversified Book by Geography Average Ticket Size (Incr. Disbursals) (₹ mn) Live Accounts 2.4 2.2 2.2 2.2 31,164 31,065 30,949 31,465 30,383 1.9 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Loan to Value (%) (Incremental Disbursals) Geographical Dis
Slide 10: Housing Finance Business Update
Housing Finance Business Update Well-Diversified Book by Geography with Focus on Self-Employed Average Ticket Size (Incr. Disbursals) (₹ mn) Live Accounts 2.2 36,939 38,244 34,591 31,810 33,023 2.0 2.0 2.0 1.8 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Loan to Value (%) (I
Slide 11: Construction Finance Business Update
Construction Finance Business Update Strong Pipeline of New Accounts; AUM Growth of 61% YoY Average Ticket Size (₹ mn) Live Accounts Outstanding Sanction 287 282 413.9 280 379.6 376.2 272 287.4 268.3 261 146.6 161.4 123.0 130.4 107.6 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1F
Slide 12: Insurance Distribution - Asset Light Income Stream
Insurance Distribution - Asset Light Income Stream Strategic Partnerships with 18 Insurance Companies Policies | Key Statistics 9 5 4 Cross Sell 32.0% Gold Housing 30.6% 38.2% MSME 29.8% Direct 68.0% Life Insurance General Insurance Health Insurance Car Loan 1.4% Companies Companies Companies • Life
Slide 13: Car Loan Origination
Car Loan Origination Pan-India Presence 02 Partner Banks & Financial Institutions Pan-India coverage through presence 15 in 821 locations in 31 States & UTs 25 04 23 36 04 04 04 01 80 09 62 39 02 03 03 26 01 52 05 69 25 05 16 16 57 20 417 01 44 75 Total Locations (Branches + Feet-on-Street) 34 43 Q1
Slide 14: Car Loan Origination
Car Loan Origination 19% YoY Increase in the Value of Loan Originations Consistently Rising Loan Originations (₹ mn)^ Loan Originations (₹ mn) and Volume Full Year Basis (Nos.)^ Originations Volume 105,519 29,693 97,415 100,744 28,700 26,511 94,636 24,783 22,342 56,939 51,384 17,338 14,918 Q1FY25 Q2
Slide 15: Network
Network Operational Expansion to Support Growth of New Businesses Branch Addition Normalizing 1,111 1,138 1,066 968 997 • Increased branch network with a net addition of 27 branches during Q1FY26. Total branch network stood at 1,138 branches 776 803 821 vs. 968 branches in Q1FY25. 750 758 • Mortgage
Slide 16: Branch Network
Branch Network Significant Investments in Branch Expansion - Rapidly Growing with Deeper Penetration across States MSME, Housing Finance, Gold Loan Branches 01 Construction Finance and Car Loan Distribution 04 821 Branches in 10 States & UTs 08 100 04 317 Branches in 19 States & UTs 29 10 65 167 116
Slide 17: Quarterly Financial Performance
2 Quarterly Financial Performance
Slide 18: Segmental Yields
Segmental Yields Stable Yields MSME (%) Housing Finance (%) 16.0% 13.0% 13.0% 13.1% 15.7% 15.7% 15.5% 15.7% 12.7% 12.7% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Construction Finance (%) Gold Loans (%) 22.1% 17.2% 17.2% 17.3% 17.3% 20.6% 20.7% 17.1% 20.0% 19.2% Q1FY25 Q2F
Slide 19: Loan Yields and Margins
Loan Yields and Margins Yield on Net Advances (%) Cost of Borrowings (%)1 9.8% 9.7% 9.6% 16.9% 16.8% 16.9% 9.4% 9.4% 16.3% 16.5% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Note: Calculated as (Interest on Advances) / (Avg. Net Advances) Note: Calculated as (Interest Expens
Slide 20: Financial Highlights
Financial Highlights Total Income grew 42% YoY; Continued Momentum in Fee Income Net Interest Income (₹ mn) Non-Interest Income (₹ mn) 4,156 1,813 3,812 1,661 183 Treasury 3,453 61 3,013 3,050 338 276 Insurance Fee 1,089 1,032 1,074 366 Income 181 119 162 496 125 127 137 Other Non- 135 199 193 inter
Slide 21: Financial Highlights
Financial Highlights Sharp Improvement in Cost/Income YoY Basis; Operating Profit up 115% YoY Operating Expenses (₹ mn) Cost-Income (%) & Cost / AAUM excl. CLO (%)* 3,084 Cost/AAUM excl. CLO Cost-Income 2,651 2,626 2,636 2,702 64.6% 64.3% 918 58.2% 900 907 842 875 6.4% 54.8% 5.7% 5.7% 46.5% 5.3% 2,1
Slide 22: Profitability and Key Ratios
Profitability and Key Ratios PAT rises 131% YoY PAT (₹ mn) Earnings per Share and Book Value per Share (₹) 1,777 1,749 2.1 2.0 1.5 0.9 1.2 67.0 1,281 50.0 52.2 47.5 48.6 970 757 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Return on Avg. Assets (% annualized) Return on Avg.
Slide 23: Well Capitalized For Medium Term Growth
Well Capitalized For Medium Term Growth Consolidated Networth (₹ mn) Capital Adequacy (%) 64,380 34.5% 32.1% 31.9% 29.3% 28.9% 26.9% 43,041 25.4% 41,269 23.7% 22.9% 40,125 22.8% 39,195 55,010 32,959 33,898 31,204 31,973 5,250 5,250 5,250 5,750 5,750 2,741 2,902 3,060 3,393 3,620 Q1FY25 Q2FY25 Q3FY25
Slide 24: Liability Mix
Liability Mix Increase led by Bank Borrowings Diversified Funding Profile (₹ mn) Consolidated Borrowings Break-up (₹ mn) 159,790 159,790 155,768 155,768 8,779 330 140,921 8,785 140,921 270 128,099 18,180 700 8,112 19,124 128,099 118,623 6,981 6,870 37,852 39,800 10,427 5,087 118,623 640 7,418 6,212
Slide 25: Liquidity Position
Liquidity Position Comfortable Liquidity Position Particulars (₹ mn) CGCL (Standalone) CGHFL Consolidated Limits Sanctioned 203,040 68,309 271,349 Limits Availed 198,050 64,138 262,188 Un-Drawn 4,990 4,172 9,162 Repaid 90,385 24,293 114,679 Outstanding 107,665 39,844 147,509 Total no. of relationshi
Slide 26: Segmental NPAs
Segmental NPAs Healthy Asset Quality MSME Housing Finance GNPA NNPA GNPA NNPA 5.0% 4.1% 4.3% 3.9% 3.5% 2.9% 1.6% 1.7% 1.7% 2.4% 1.4% 1.5% 2.2% 2.0% 1.9% 1.1% 0.9% 1.0% 0.9% 0.9% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Gold Loan Construction Finance GNPA NNPA GNPA NNPA 1
Slide 27: Asset Quality
Asset Quality Adequate Provisioning Coverage ₹ mn except stated ECL Analysis As Per IndAS Q1FY26 Q4FY25 Q3FY25 Q2FY25 Q1FY25 Stage 1 & 2 - Gross 197,346 184,917 166,981 154,945 143,558 Stage 1 & 2 - ECL Provisions 1,848 1,481 1,542 1,486 1,441 Stage 1 & 2 - Net 195,499 183,436 165,439 153,459 142,11
Slide 28: Consolidated Income Statement
Consolidated Income Statement Quarterly Comparison ₹ mn except stated Particulars Q1FY26 Q1FY25 Y-o-Y (%) Q4FY25 Q-o-Q (%) Interest earned 8,096 5,724 41% 7,393 10% Interest expended 3,940 2,711 45% 3,581 10% Net interest income 4,156 3,013 38% 3,812 9% Non-interest income 1,661 1,089 53% 1,813 (8%)
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Quarterly Comparison ₹ mn except stated Particulars Q1FY26 Q1FY25 YoY (%) Q4FY25 QoQ (%) Paid-up equity 962 825 17% 825 17% Reserves and surplus 63,418 38,370 65% 42,216 50% Total Equity 64,380 39,195 64% 43,041 50% Bank borrowings 152,920 112,168 36% 150,682 1% Debt secur
Slide 30: Strategic Outlook
3 Strategic Outlook
Slide 31: Way Ahead: Strategic Initiatives to Drive Scale
Way Ahead: Strategic Initiatives to Drive Scale… Key initiatives Leverage Technology and Geographic Expansion and Diversify our Product Offerings Analytics for Operational Deepening our Presence Excellence • Offer customized products to address • Open new branches in existing and newer • Use Generat
Slide 32: … and Deliver Sustainable Returns
… and Deliver Sustainable Returns Levers for RoE expansion Margin High Quality Cost Efficiency Underwriting Cross Sell Expansion + Fee Income + + Efficiency + Opportunity Increase in Operating Leverage share of high Expansion of leverage from Reduction in customer base yield products; Car Loan exist
Slide 33: Board & Management
4 Board & Management
Slide 34: Strong Corporate Governance
Strong Corporate Governance Distinguished and Qualified Board Comprised Majorly of Independent Directors Lingam Venkata Subramanian Rajesh Sharma Ajit Mohan Sharan Desh Raj Dogra Nupur Mukherjee Shishir Priyadarshi Prabhakar Ranganathan Chairman & Managing Independent Independent Independent Indepen
Slide 35: Experienced and Stable Management Team (1/2)
Experienced and Stable Management Team (1/2) Proven Track Record of Scaling Businesses RETAIL BUSINESS CONSTRUCTION FINANCE & INDIRECT LENDING FEE BASED BUSINESS Ravish Gupta Vijay Kumar Gattani Sanjay Manglani Business Head — Gold Loans Director – Credit – CF Head - Insurance Ex-IIFL, GE Money, HDF
Slide 36: Experienced and Stable Management Team (2/2)
Experienced and Stable Management Team (2/2) Proven Track Record of Scaling Businesses CORPORATE FUNCTIONS Divya Sutar Kishore Lodha Vinay Surana Director — Business Strategy Chief Financial Officer Head — Treasury GMP (Harvard Business School), Ex-UGRO Finance, Hinduja Finance, Ex-Axis Bank, CA Mas
Slide 37: ESG
5 ESG
Slide 38: Environment, Social, Governance (ESG)
Environment, Social, Governance (ESG) ESG rating of 69 given by NSE ENVIRONMENT SOCIAL ➢ E-waste is responsibly disposed through authorized ➢ Training on ESG principles for Employees recyclers ➢ Workplace Inclusion, Health, and Safety: ➢ Continued investment in digital transformation to Committed to
Slide 39: S&P Global Corporate Sustainability Assessment (CSA)
S&P Global Corporate Sustainability Assessment (CSA) CGCL achieved an impressive score of 49 in its maiden application, exceeding the industry average of 30 ❖ The S&P Global CSA - respected benchmark for ESG practices, assessing risks and opportunities Why This ❖ Capri Global's performance reflects
Slide 40: Corporate Social Responsibility
Corporate Social Responsibility • Strategic Vision: Deploying capital to uplift underserved communities through impactful, scalable interventions. • Proven Model: Need-based, multi-stakeholder approach with strong M&E governance, enabling replication and sustainability. • High Impact: Over 1 million
Slide 41: Corporate Governance Framework
Corporate Governance Framework Board of Directors Nomination & Board Credit Risk Remuneration Committee 6 Independent Board of Directors including one woman Director Information Asset Liability Audit Committee Security Committee COMMITTEES Separate Chairman and Managing Director Stakeholder ESG CSR
Slide 42: Shareholding
Shareholding ₹ 166bn ₹ 64.4bn ₹ 961.6mn ₹1 US$ 1.9bn2 Market capitalisation1 Cons. Net worth3 (Q1FY26) Paid-up Equity Face Value NOTES 14.93% 1. Market capitalization NSE on 30th June‘25. 2. 1 US$ = ₹ 85.70. Promoter Group 3. Not adjusted for DTAs; ₹ 63.4bn after adjusting for Institutional Sharehol
Slide 43: Yearly Financial Performance
6 Yearly Financial Performance
Slide 44: AUM and Loan Growth
AUM and Loan Growth Consolidated AUM Up 51% CAGR FY22-25 AUM Break Up (₹ mn) Gross Loans Break Up (₹ mn) CAGR CAGR 228,602 185,178 51% 42% 2,042 2,039 41,329 48% 40,524 48% 136,744 156,540 3,138 3,152 52,019 38% 44% 25,775 45,181 26,213 96,527 103,205 3,404 38,458 3,412 42,091 17,943 64,415 18,301 8
Slide 45: Co-lending
Co-lending Additional Funding Source & High RoE Accretion CGCL retains 20-30% CGCL earns spread and Additional source of 1 while co-lending partners (CLPs) retain 2 loan servicing fee on the co-lending loans 3 funds while conserving capital and boost RoE 4 Diversification of borrowings the balance C
Slide 46: Loan Yields & Margins
Loan Yields & Margins Higher spreads and margins Yield on Net Advances (%) Cost of Borrowings (%)1 16.3% 9.5% 15.6% 8.9% 8.4% 14.8% 14.5% 7.6% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Note: Calculated as (Interest on Advances) / (Avg. Net Advances) Note: Calculated as (Interest Expense on Borrowings)
Slide 47: Financial Highlights
Financial Highlights High share of non-interest income Net Interest Income (₹ mn) Non-Interest Income^ (₹ mn) 13,320 30.0% 27.9% 27.3% 19.5% 5,009 9,857 3,821 48% 2,720 6,361 45% 5,087 1,231 36% 20% 27% 33% 64% 14% 22% 43% 28 % 19% FY22 FY23 FY24 FY25 Total Other Non-interest Income FY22 FY23 FY24 F
Slide 48: Financial Highlights
Financial Highlights Improving Return Metrics Operating Profit (₹ mn) Credit Costs* (₹ mn) 7,341 1,057 1,008 913 4,569 3,783 1.6% 642 3,325 4.1% 0.7% 0.6% 3.5% 3.4% 5.8% 0.7% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Operating Profit as a % of Avg. Total Assets Credit Cost As a % of Avg. Total Assets
Slide 49: Prudent Risk Management
Prudent Risk Management Healthy Asset Quality and Adequate Provisioning NPA (%) PCR (%) 2.4 45.2 41.7 41.0 1.9 1.7 1.7 1.7 1.5 30.5 30.9 1.2 1.1 1.0 0.9 FY22 FY23 FY24 FY25 Q1FY26 FY22 FY23 FY24 FY25 Q1FY26 Gross Net Healthy Asset Quality (GNPA/NNPA/PCR) 4.3% / 2.4% / 44.9% 1.5% / 0.9% / 38.4% 0.7%
Slide 50: Segmental NPAs
Segmental NPAs MSME Loan Housing Finance GNPA NNPA GNPA NNPA 4.0% 3.9% 3.9% 3.4% 1.5% 2.9% 1.3% 1.4% 2.5% 1.1% 1.2% 2.1% 2.0% 0.9% 0.8% 0.8% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Gold Loan Construction Finance GNPA NNPA GNPA NNPA 1.0% 0.9% 0.8% 0.8% 0.7% 0.3% 0.2% 0.2% 0.1% 0.1% 0.1% NA NA 0.0% 0.
Slide 51: Asset Quality
Asset Quality Maintained Adequate PCR ₹ mn except stated ECL Analysis As Per IndAS FY22 FY23 FY24 FY25 Stage 1 & 2 - Gross 63,627 96,028 135,567 184,917 Stage 1 & 2 - ECL Provisions 1,231 1,268 1,364 1,481 Stage 1 & 2 - Net 62,396 94,760 134,202 183,436 Stage 1 & 2 - ECL Provisions % 1.93% 1.32% 1.0
Slide 52: Consolidated Income Statement
Consolidated Income Statement All figures in ₹ mn except stated otherwise Profit and Loss A/c FY21 FY22 FY23 FY24 FY25 FY21-25 CAGR Interest income 6,735 8,396 11,678 18,229 26,055 Interest expenses 2,887 3,308 5,317 8,372 12,736 Net interest income 3,848 5,087 6,361 9,857 13,320 36.4% Other income
Slide 53: Consolidated Balance Sheet
Consolidated Balance Sheet All figures in ₹ mn except stated otherwise Balance Sheet FY21 FY22 FY23 FY24 FY25 FY21-25 CAGR Liabilities Paid-up equity 351 351 412 825 825 Reserves 16,822 18,873 35,242 37,541 42,216 Networth 17,173 19,225 35,655 38,366 43,041 25.8% Borrowings 37,689 48,084 75,113 104,
Slide 54: Du Pont Analysis
Du Pont Analysis RoAA Tree (%) FY21 FY22 FY23 FY24 FY25 Interest income 13.1 13.0 12.3 13.5 14.5 Interest expenses 5.6 5.1 5.6 6.2 7.1 Net interest income 7.5 7.8 6.7 7.3 7.4 Other Income 1.2 1.9 2.9 2.8 2.8 Net Car Loan Fee - 0.4 1.2 0.8 0.5 Co-lending Income - 0.3 0.6 0.8 0.9 Other income 1.2 1.2
Slide 55: Annexure
7 Annexure
Slide 56: Retail Secured Lending Has Massive Under Penetration
Retail Secured Lending Has Massive Under Penetration Capri Global is a Retail Focused Secured Lender – >80% Retail and 100% Secured Book Retail credit to grow on a faster pace compared to overall credit MSME Loan remains underpenetrated with significant credit gap Retail1 Overall Credit Demand: (% o
Slide 57: NBFCs Well Positioned to Address the Credit Gap and Grow Strongly
NBFCs Well Positioned to Address the Credit Gap and Grow Strongly Unique Proposition to cater to the “Aspiring” and T2/T3 segment Rural Reach – Access to geographies outside Understanding of Micro Markets – Nuances of the ambit of Bank’s customer segment the geography & services business High Touch
Slide 58: Significant Growth Opportunity in the Focus Segments
Significant Growth Opportunity in the Focus Segments Capri Global is focussing on providing loans in high growth segments to underbanked & underserved customers Industry MSME Loan Industry Housing Loan NBFC Share: 24% HFC Share: 20% Capri Market Share: <0.5% Capri Market Share: 0.5% 58 - 60 49.9 35
Slide 59: Building the Brand Capri Loans
Building the Brand Capri Loans #TarrakiKeHaath We launched our latest Brand campaign with Pankaj Tripathi to create strong awareness and recall for the brand and establish its position as a brand that is focused on making a difference on the ground while being inclusive. Campaign is being promoted
Slide 60: Awards
Awards "Best Brands – 2024" award at the ET Now Best "Best BFSI Brands” by the Economic Times in 2021 Most promising Leader of Asia in 2020 - 21 Brands Conclave 2024 Company of the Year (2018) – Zee Business Dare to dream award The Economics Times – Best BFSI Brands 2019 India’s Most Inspirational L
Slide 61: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capri Global Capital Limited (the “Company”), have been prepared solely for information purposes only and does not constitute any offer or invitation, directly or indirectly, in any manner, or
Slide 62: For Further information, please contact
For Further information, please contact : Hardik Doshi Rajat Gupta hardik.doshi@capriglobal.in rajat@GoIndiaAdvisors.com O: +91 22 4354 8210 M: +91 99718 97739
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