Capital Trust Limited reported a net profit of ₹0.20 crore for the first quarter of FY27, maintaining profitability for the second consecutive quarter. The non-banking financial company (NBFC) highlighted an acceleration in growth momentum, with total assets under management (AUM) rising 52% quarter-on-quarter to ₹240 crore. This expansion reflects the company’s strategic shift towards secured lending and partnership-led models.

Total disbursements for the quarter stood at ₹111.6 crore, representing a 1.24x increase compared to Q4FY26. This figure exceeded the combined disbursements of Q3FY26 and Q4FY26, which totaled ₹110 crore. The company noted three consecutive quarters of growth in disbursements, moving from ₹19 crore to ₹89 crore and finally to ₹112 crore in the current period.

Business Segment Performance

The growth was driven by two primary engines: gold loans and partner-led MSME lending. Gold loan operations, now considered beyond the pilot stage, are active in six branches with a monthly disbursement run-rate of approximately ₹5 crore. Total gold loan disbursements for Q1FY27 crossed ₹20 crore. Simultaneously, the partner-led MSME segment, leveraging the existing network of over 250 branches, achieved a monthly disbursement run-rate of roughly ₹30 crore.

Risk Profile and Asset Quality

The company’s risk architecture has shifted significantly, with 72% of AUM now classified as secured or zero-credit-risk. This is a substantial improvement from March 2025, when this proportion was 0%, and March 2026, when it stood at 56%. Gross non-performing assets (GNPA) reduced further to 2.7%, while net NPA remains at 0%. The collection efficiency on the portfolio stands at 99.5%.

What the Numbers Show

The divergence between the rapid acceleration in AUM (+52% QoQ) and the modest absolute profit figure (₹0.20 crore) suggests that the current growth phase is heavily focused on asset acquisition and scale rather than immediate earnings conversion. With 72% of the book now secured or zero-credit-risk, the company has effectively decoupled its top-line growth from historical unsecured credit risks, positioning the balance sheet for sustainable leverage.

Strategic Outlook

Capital Trust plans to utilize its low leverage and strong capital adequacy to raise incremental term loans for funding growth, particularly in the gold loan segment. The company has onboarded three on-balance sheet lenders for its gold loan book. Management aims to improve branch productivity and sustain profitability by converting growing AUM and fee income into consistent quarterly earnings.

capital trust has confirmed that no encumbrance was created or invoked on the shares held by its promoters during the financial year ended March 31, 2026. This declaration, submitted on behalf of the promoters and promoter group, ensures that the shareholding remains free from charges or liens for the specified period. The disclosure is significant for shareholders as it indicates the stability of the promoter's holding structure.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was addressed to the National Stock Exchange of India Ltd and BSE Ltd. The submission was signed by Yogen Khosla, a promoter of the company, on April 06, 2026.

Regulatory Compliance Details

The disclosure specifically covers the financial year ended March 31, 2026. It confirms that no direct or indirect encumbrance was created or invoked on the shares held by the promoters or the promoter group during this timeframe.

The communication was also copied to the audit committee through the Company Secretary of Capital Trust Limited.