Capital Trust Ltd. (india) · NSE:CAPTRUST
Capital Trust Ltd. (india) — Capital Trust — Q4 FY2026 Earnings Presentation
30 slides from Capital Trust Ltd. (india)'s earnings presentation, May 31, 2026
Slide 1: Q4 & FY2026 Investor Presentation
Q4 & FY2026 Investor Presentation May 2026 BSE & NSE Listed | Established 1985 | Gold & MSME Lending Franchise
Slide 2: Disclaimer
Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: About Capital Trust Limited
About Capital Trust Limited Company Snapshot Four Strategic Pillars Capital Trust Limited (CTL) is a publicly listed NBFC with four Secured Growth decades of proven expertise in serving India’s diverse financial landscape. Incremental own-book lending focused on gold loans. Having disbursed over ₹4,
Slide 5: Numbers at a Glance
Numbers at a Glance Decisive Repositioning For Secured & Partnership-Led Growth ASSETS UNDER MANAGEMENT QUARTERLY DISBURSEMENT ON-BOOK PORTFOLIO OFF-BOOK PORTFOLIO ₹158 Cr ₹90 Cr ₹33 Cr ₹125 Cr [Q3FY26: ₹ 104 Cr] [+52% QoQ] [Q3FY26: ₹ 20 Cr] [+357% QoQ] [Q3FY26: ₹ 35 Cr] [-6% QoQ] [Q3FY26: ₹ 69 Cr]
Slide 6: Strategic Shift
Strategic Shift Evolution From Balance Sheet Risk To Secured & Partnership-Led Growth LEGACY FRAMEWORK FUTURE-READY FRAMEWORK Previous Strategy (Old Model) New Strategic Direction (New Model) Unsecured MSME loans largely held on CTL’s balance sheet Secured gold loans on CTL’s balance sheet Higher di
Slide 7: Dual Business Model
Dual Business Model Two Complimentary Engines For Sustainable Growth Engine 1: Engine 2: Gold Loans MSME Loans HIGH-GROWTH VERTICAL LEGACY EXPERTISE Strategic expansion into the high-growth gold loan Supporting Bharat's Shopkeepers & Traders with segment, leveraging CTL's existing capabilities and a
Slide 8: FY2026: Transformation Story
FY2026: TRANSFORMATION STORY
Slide 9: FY2026 Transformation Story: A Deliberate Reset Of The Risk Architecture
FY2026 Transformation Story A Deliberate Reset Of The Risk Architecture 100% Unsecured Balance Sheet Risk → Secured & Partner-Led Growth FY26 marks a decisive repositioning. CTL has moved away from 100% unsecured own-book MSME growth and shifted incremental own-book lending towards secured gold loan
Slide 10: Four Quarters & One Deliberate Transition
FY2026 Transformation Story Four Quarters & One Deliberate Transition FY26 used to raise capital, clean the past, and build a long-term sustainable model of secured lending Q1FY26 Q2FY26 Q3FY26 Q4FY26 RECOGNISE ABSORB REBUILD PROVE Legacy unsecured MSME stress Losses reflected front-loaded ₹23.8 Cr
Slide 11: Q4FY2026: Proof Of The Model Working
FY2026 Transformation Story Q4FY2026: Proof Of The Model Working Five proof points demonstrating the successful validation of the deliberate pivot toward a de-risked, secured, and partner-led growth architecture Disbursements AUM Growth Gross NPA Under Reduced Profitability Accelerating Resumed Cont
Slide 12: Disbursements Accelerating With Momentum
FY2026 Transformation Story Q4FY26: Q4FY2026: Proof Disbursements Of The Model Accelerating Working With Momentum Monthly Disbursement (₹ in Crores) Q4FY26 TOTAL DISBURSEMENTS 43 ₹89.4 Cr 4.5x Growth vs Q3FY26 Q4FY26 Disbursals (₹89 Cr) 30 Exceeded 29 Cumulative disbursements of H1 + Q3 FY26 (₹70 Cr
Slide 13: AUM Growth With Better Risk Quality
FY2026 Transformation Story Q4FY26: Q4FY2026: Proof AUMOf Growth The Model With Working Better Risk Quality Monthly AUM (₹ in Crores) 158 130 120 111 101 104 137 119 119 99 101 105 6 11 21 1 2 4 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Secured MSME AUM Split (₹ in Crores) 21 Assets Under Management
Slide 14: Gross NPA Under Control
FY2026 Transformation Story Q4FY26: Q4FY2026: Proof Gross Of The NPAModel Under Working Control 90+ DPD As % Of AUM Q1FY26 Q2FY26 Q3FY26 Q4FY26 Net NPA Prov. Cover 9.1% 9.4% 8.3% 2.8% 0% >100% 90+ DPD As % of AUM GNPA Reduction 10% Reduced from 9.1% (Q1) to 2.8% (Q4) through resolution and 9% discip
Slide 15: Reduced Leverage Creates Headroom For Secured Growth
FY2026 Transformation Story Q4FY26: Q4FY2026: Proof Reduced Of TheLeverage Model Working Creates Headroom For Secured Growth 01 External Borrowings Reduced 03 Ample Borrowing Headroom Conscious decision to reduce debt down from Capital Adequacy ay 35% with incremental 03 ₹93.2 Cr in Q4FY25 to ₹24.2
Slide 16: Positive PBT Restored
FY2026 Transformation Story Q4FY26: Q4FY2026: Proof Proof Of The Of The Model Model Working Working: Positive PBT Restored PHASE 1: RESET COST PHASE 2: TRANSFORMATION PHASE 3: NEW BASE What Depressed Profitability The Transformation Levers Q4FY26 Positive Outcome (H1 & Q3FY26) (The Bridge) (The Proo
Slide 17: Gold Loans
_» GOLD LOANS ~~ ~~ CapitalTrust Fy ~ ~~ co . — ~~ —_— - \
Slide 18: Gold Loans – CTL Overview
Gold Loans – CTL Overview Branch-led, regulation-first gold loans with 20-minute disbursal and 20-minute release - built to the June 2025 RBI Directions. Priced to win small-ticket customers Operational Highlights Business Launch Cumulative Disbursements October 2025 > ₹30 Cr within 6 months Branch
Slide 19: Gold Loans - Why Now?
Gold Loans - Why Now? Market Tailwinds Regulatory alignment and distribution moat create compelling opportunity with optimal market timing FORMALISATION: LIMITED ACCESS TO MFI / Out of India’s gold-loan market, UNSECURED LOANS: estimated at ~₹40 lakh crore (USD With tightening credit and access 400B
Slide 20: Gold Loans – CTL's Edge
Gold Loans – CTL’s Edge Delivered with the discipline and precision of airline protocol: industry-leading speed with 20-minute disbursal promise — from assay to credit — making gold loans accessible for mass-market customers across India REGULATORY READINESS NEW-AGE CHALLENGER PAPERLESS & TECH-ENABL
Slide 21: Product Features & Typical Clientele
Product Features & Typical Clientele Product Features & Typical Clientele Modest and practical ticket Short, high-velocity tenors Over 90% of loans fund Fully documented, RBI-aligned sizes, with most loans below that allow rapid capital livelihood activities—working processes with transparent ₹5 lak
Slide 22: Gold Loans – CTL's Go-to-Market Strategy
Gold Loans – CTL’s Go-to-Market Strategy CLUSTER TARGET HIRING RISK & EXPANSION SEGMENT MODEL MONITORING Locations selected near Small-ticket (majority ≤ BMs ≥5 yrs, ROs ≥3 yrs Dual valuation, live established gold loan ₹5 lakh) higher-yield gold-loan experience; monitoring, automated clusters to en
Slide 23: MSME Loans
MSME LOANS
Slide 24: MSME Loans
MSME Loans Empowering Bharat’s Shopkeepers & Traders Using A Hybrid-Dual Credit Model • ₹ 137 Cr Informal MSME Lending through 250+ Branches in 10 States • Empowering Bharat’s Shopkeepers & Traders • Priority Sector Lending • Combining the strengths of doorstep banking with cutting-edge technology •
Slide 25: MSME Loans: Product Offering & Typical Clientele
MSME Loans Product Offering & Typical Clientele Financing The Overlooked Shopkeeper Target Clientele Type of Loan Income-generating business loan Overlooked by formal financial institutions, the Shopkeepers company aims to support rural and semi-urban Ticket Size (₹) 50,000 – 3,00,000 shopkeepers Re
Slide 26: Financials
FINANCIALS
Slide 27: Key Highlights & Ratios
Key Highlights & Ratios (₹ in Crores) Particulars Q4 FY26 Q3 FY26 QoQ % Q4 FY25 YoY % FY26 FY25 YoY% Total Income 9.6 11.3 -15% 20.9 -54% 42.4 96.0 -56% Total Expense (excluding tax) 9.5 13.6 -31% 20.8 -55% 78.8 94.4 -17% Profit / Loss Before Tax 0.1 -2.3 - 0.1 14% -36.4 1.6 - Profit / Loss After Ta
Slide 28: Balance Sheet
Balance Sheet (₹ in Crores) Assets Q4 FY26 Q3 FY26 Q2 FY26 Liabilities And Equity Q4 FY26 Q3 FY26 Q2 FY26 Financial Assets Financial Liabilities Trade Payables 0.5 0.4 0.4 Cash and Cash Equivalents 1.6 4.1 8.9 Debt Securities 0.2 1.2 4.7 Bank Balances other than Cash & Borrowings other than Debt Sec
Slide 29: Funding & Partnerships
Funding & Partnerships Equity: 1 Co-Lending Live: 1 Business Correspondent: 2 On-Balance Sheet Funders: 12 29
Slide 30: FY26 Strategic Transformation Completed. Growth Platform Rebuilt.
FY26 Strategic Transformation Completed. Growth Platform Rebuilt. FY26 Strategic Reset Clean Asset Quality Legacy stress fully provided for; GNPA at 2.8% and Net NPA maintained at 0%. Successfully concluded the transition from unsecured balance-sheet risk to a secured lending model. Capital Base For