Capital Trust Limited reported a net loss of ₹1,818.67 lakh for FY26, primarily due to a one-time non-cash deferred tax asset write-off of ₹18.3 crore. Despite the annual loss, the company restored operational profitability in Q4FY26 with a Profit Before Tax (PBT) of ₹0.13 crore. This turnaround follows a strategic pivot to a secured and partnership-led lending model, funded by a ₹23.8 crore rights issue that closed in November 2025.

The board approved the audited financial results for FY26 at a meeting held on May 27, 2026. The statutory auditors, JKVS & Co., Chartered Accountants, issued an unmodified opinion on the standalone audited financial results. Total income for the quarter ended March 31, 2026, stood at ₹960.10 lakh, compared to ₹1,129.61 lakh in the preceding quarter. For the full year, total income was ₹2,094.25 lakh, while total expenses were ₹2,082.92 lakh.

Financial Results for FY26

Operational Metrics and Asset Quality

The company reported a total AUM of ₹158 crore, comprising ₹32.8 crore on its own book and ₹125.2 crore managed. Secured and zero-credit-risk AUM reached ₹89.0 crore, representing 56% of the portfolio. Gross NPA reduced significantly from 9.1% in Q1FY26 to 2.8% in Q4FY26, while Net NPA stood at 0%. Total borrowings decreased to ₹24.2 crore, resulting in a leverage ratio (Debt/TNW) of less than 1× and a capital adequacy ratio (CRAR) above 35%.

Disbursements showed strong growth, totaling ₹89.4 crore in Q4FY26, which is 4.5 times the disbursements in Q3FY26. This increase was driven by gold loan branch launches and the progressive rollout of BC partnerships. Monthly disbursements grew from ₹1.9 crore in October 2025 to ₹43.1 crore in March 2026.

Key Meeting Details

Capital Trust Limited has officially announced its strategic entry into the gold loan market through a press release dated April 04, 2026, marking a significant expansion of its lending portfolio. The listed NBFC, with over 250 branch locations and four decades of experience in financial services, is positioning itself as a new-age challenger in the rapidly growing gold loan segment.

Strategic Market Entry and Compliance-First Approach

The company's entry into the gold loan market represents a strategic shift towards secured lending to build a safer and more resilient business model. As outlined in the press release, Capital Trust has built its gold loan operations from the ground up in line with the latest RBI guidelines, adopting a forward-looking, compliance-first approach from inception.

Technology-Driven Infrastructure and Security

Capital Trust has invested significantly in modern branch infrastructure, technology, and security systems. The company has deployed an advanced eight-layer security architecture across its gold loan branches, operating on a fully app-based, paperless model with minimal manual intervention and centralized monitoring from the Head Office.

According to Mr. Yogen Khosla, Chairman & Managing Director, "Our entry into secured lending through the gold loan business represents a strategic shift towards building a safer, more resilient and capital-efficient lending model. Secured lending will play an important role in strengthening our balance sheet, improving asset quality and creating a more stable and sustainable growth platform for the future."

Delhi NCR Expansion Plans

As part of its expansion strategy, Capital Trust has opened its fourth gold loan branch, including its second branch in Gurgaon. The company plans to scale operations across Delhi NCR in the near future before expanding to other markets. This geographic expansion is expected to strengthen the company's market presence in one of India's key financial markets.

Partnership and Growth Strategy

In addition to deploying its own balance sheet, Capital Trust already has a live co-lending partnership with an NBFC and is actively exploring co-lending and partnership opportunities with banks and financial institutions. This approach aims to accelerate portfolio growth while maintaining prudent risk management and capital efficiency.

The company's modern branch format differs significantly from traditional cage-style gold loan branches and is designed to enhance customer experience, safety, operational efficiency, and risk control. This technology-enabled approach positions Capital Trust to leverage its strong governance framework and long-standing customer relationships to build a meaningful presence in the gold loan industry.