Capri Global Capital Limited delivered an outstanding financial performance in Q3FY26, achieving its highest ever quarterly profit and demonstrating strong growth momentum across all business segments. The company's results for the quarter and nine months ended December 31, 2025, showcase robust operational execution and resilient business fundamentals.

Record Financial Performance

The company reported exceptional profitability metrics for Q3FY26, with several key achievements highlighting its strong operational performance.

The company's return ratios improved considerably during the quarter, with ROE reaching 15.00% and ROA at 4.00%, reflecting enhanced profitability and efficient capital utilization.

Strong AUM Growth Across Segments

Capri Global Capital's consolidated AUM reached ₹30,406 crores as of December 31, 2025, representing robust growth momentum across all lending verticals.

The co-lending portfolio now accounts for 23.5% of total AUM, up from 21% in Q2FY26, highlighting the company's strategic focus on capital-efficient growth. Disbursements for the quarter rose 87% year-on-year to ₹10,879 crores, supported by expanding distribution network and growing customer base exceeding 6.3 lakhs.

Gold Loan Business Expansion

The Gold Loan segment delivered exceptional performance with strong branch expansion and improved productivity metrics. The company successfully added 68 new branches across South India during the quarter, marking entry into new geographies including Orissa, Andhra Pradesh, Telangana, and Karnataka.

The business maintained conservative loan-to-value ratios while ensuring strong collection practices. Gold Loan AUM increased from ₹10,170 crores in September to ₹12,799 crores by December, representing a sequential growth of 26%.

Operational Excellence and Technology Integration

Capri Global Capital continued its focus on technology-driven operational efficiency, resulting in significant productivity improvements. The company's AI-native operating model delivered substantial operating leverage, with disbursements increasing 87% year-on-year while manpower grew only 19% year-on-year.

Key Technology Achievements:

• SPARK mobility app for digital customer onboarding
• Orion loan origination system for end-to-end workflow management
• Pegasus mobility app for field collection optimization
• 83% year-on-year improvement in employee productivity
• Error rate reduced to below 5% with 4x increase in code coverage

The company's cost-to-income ratio improved significantly to 51.6% in Q3FY26 compared to 58.2% in Q3FY25, demonstrating the benefits of operational leverage and enhanced efficiency.

Asset Quality and Risk Management

The company maintained strong asset quality metrics across its portfolio, reflecting disciplined underwriting and effective risk management practices.

The impairment cost for the quarter stood at ₹23 crores, representing 0.40% of the gross loan book, demonstrating prudent provisioning and conservative risk management approach.

Funding and Capital Position

The company strengthened its funding profile with diversified borrowing sources and improved cost metrics. Borrowings increased 38% year-on-year, with incremental borrowing sanction limits of ₹6,860 crores year-to-date. The company added 11 new lender relationships, taking active relationships to 30-plus institutions.

The company raised ₹635 crores through NCDs and commercial paper during the quarter, further diversifying its funding mix and optimizing borrowing costs.

Future Outlook and Guidance

Capri Global Capital revised its growth targets upward, reflecting confidence in its business model and market opportunities. The company expects to achieve AUM of ₹33,000-34,000 crores for FY26 and ₹43,000-44,000 crores for FY27. The long-term target has been revised to ₹55,000 crores AUM by FY28, up from the earlier target of ₹50,000 crores. The company aims to maintain ROE in the range of 16-18% and ROA of 4.00-4.25% by FY28, supported by continued operational improvements and strategic expansion initiatives.

Capri Global Capital Limited has significantly strengthened its Environmental, Social, and Governance (ESG) profile, demonstrating measurable progress in sustainability initiatives and governance frameworks. The non-banking financial company announced comprehensive ESG improvements on February 5, 2026, highlighting its commitment to responsible growth and transparency.

Strong ESG Performance Metrics

The company achieved substantial improvements across multiple ESG rating platforms, reflecting the effectiveness of its sustainability initiatives:

ESG Integration Across Business Segments

Capri Global has embedded ESG principles across its diversified lending portfolio, creating positive social and economic impact through various business verticals. The company's approach focuses on supporting underserved segments and promoting inclusive growth.

Gold Loan Segment

The Gold Loan business enables small traders to manage cyclical cash flow requirements and scale operations during peak festive periods and agricultural harvest cycles. This credit access supports business continuity and local employment generation.

MSME and Housing Finance

Through improved access to formal credit, the company supports entrepreneurs and households, contributing to enhanced living standards and poverty alleviation initiatives.

Construction Finance

The Construction Finance vertical supports new construction and redevelopment of affordable residential communities, directly enhancing quality of life and enabling inclusive urban growth.

Strategic ESG Implementation

The company has implemented organization-wide initiatives to strengthen its sustainability framework:

• Enhanced governance oversight and risk controls
• Technology-led processes for improved efficiency
• Responsible lending practices across all segments
• Strengthened disclosure and transparency measures

Leadership Perspective

Jinisha Sharma, Principal – ESG & Impact Investments at Capri Global Capital Limited, emphasized the significance of these achievements: "These outcomes reflect Capri Global's consistent efforts to build a transparent, resilient, and responsibly governed institution. Our focus on strengthening governance frameworks, sharpening risk management practices, leveraging technology, and embedding sustainability across the organisation has been central to this progress."

Business Impact and Future Outlook

The strengthened ESG profile positions Capri Global for enhanced stakeholder engagement and capital access. The improved sustainability credentials enable deeper relationships with global lenders, institutional investors, and financial institutions, facilitating access to broader and diversified capital sources.

As of December 31, 2025, Capri Global maintains a substantial market presence with Assets Under Management exceeding Rs 30,000.00 crores, serving over 6.30 lakh customers through more than 13,000 employees across 1,330+ branches pan-India.