Capri Global Q1 profit doubles, lifts FY28 AUM target to ₹65,000 cr
Gold loan portfolio doubles to over ₹19,000 crore; return on equity improves to 19.1% as management upgrades medium-term guidance with 30%+ CAGR target.
— 3 earlier stories on Capri Global Capital Ltd. →What's new
- Consolidated PAT jumped 102% YoY to ₹353 crore for the June 2026 quarter.
- Assets under management surged 62% to ₹40,112 crore, led by a doubling of the gold loan book.
- Management revised its medium-term AUM guidance to ₹65,000 crore by March 2028, implying >30% CAGR.
Why this matters
Capri Global is executing aggressively, doubling its gold loan book while keeping gross NPLs at 1.1%. The upward revision in guidance to ₹65,000 cr AUM with RoAE of 19–21% signals management’s confidence in sustaining this momentum. The results beat expectations and may prompt earnings upgrades.
What we're watching
- Whether gold loan growth remains on track without asset quality deterioration.
- Ability to maintain return ratios at guided levels amid rising competition.
- Further rating upgrades following the recent AA+ from Acuité.
The full read
Capri Global Capital's consolidated net profit doubled to ₹353 crore in the June 2026 quarter, its highest ever. Assets under management crossed ₹40,000 crore, up 62%, driven by a gold loan book that more than doubled to over ₹19,000 crore. Margins expanded too: net interest income rose 79% to ₹736 crore, and return on average equity improved to 19.1% while return on assets hit 4.1%. Asset quality held up with gross stage 3 loans at 1.1%. The real news, however, is the upgrade in medium-term guidance. Management now targets ₹65,000 crore AUM by March 2028, a >30% CAGR, alongside a RoAE of 19–21% and RoAA of 4.2–4.7%. The numbers show the NBFC is firing on all cylinders, with gold loan growth as the main engine. The guidance revision turns a strong quarter into a statement of intent: Capri Global is signaling that the current trajectory is sustainable, not a one-off.
Questions answered
- What drove the 102% profit jump?
- The profit jump was driven by a 62% expansion in AUM (led by gold loan doubling), a 79% rise in net interest income to ₹736 crore, and improved operating efficiency. Return on assets improved to 4.1%.
- How much did the gold loan book grow?
- The gold loan portfolio more than doubled to over ₹19,000 crore, making it the largest contributor to AUM growth.
- What is the new medium-term guidance?
- Management now targets AUM of ₹65,000 crore by March 2028, implying a CAGR of over 30%. They also guided for RoAE of 19–21% and RoAA of 4.2–4.7%.
- How does this quarter compare to the previous one?
- Compared to the March 2026 quarter (sales ₹1,385 cr, PAT ₹283 cr), this quarter's PAT of ₹353 cr is a significant sequential improvement, with AUM crossing ₹40,000 cr from ₹24,800 cr a year ago.
- Is asset quality a concern given rapid gold loan growth?
- Asset quality remains stable with gross stage 3 loans at 1.1%, unchanged from the previous period. The doubling of the gold loan book did not lead to a spike in delinquencies.
Capri Global Capital Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on CGCL →- 27 Jul 2026 · 9:42 PM IST Capri Global Q1 profit doubles, lifts FY28 AUM target to ₹65,000 cr
- 1d ago Capri Global Q1 profit more than doubles to ₹353 cr
- 1d ago Capri Global Capital Q1 PAT more than doubles
- 26d ago Capri Global Capital wins AA+ rating upgrade from Acuité