Capri Global Capital Ltd (CGCL) Q1 FY27 Results Analysis: PAT Doubles, NII Surges 78.5%

Capri Global Capital Ltd's Q1 FY27 numbers came in strong, with revenue of Rs. 1,576.47 Cr (+57.50% YoY) and PAT growth of +102.00% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

Q1FY27 results show strong growth momentum with NII up 78.5% YoY and PAT doubling to Rs.353.38 Cr. Cost-to-income improved 490 bps YoY to 46.5%, demonstrating operating leverage. Co-lending disruption impacted fee income sequentially but management expects full resumption by Sep 2026. Asset quality remains healthy with CRAR at 24.66%.

Key Investment Insights

Key Positives

• Revenue from operations grew 57.5% YoY to Rs.1,576.47 Cr
• Net interest income grew 78.5% YoY to Rs.736.38 Cr
• PPOP grew 70.8% YoY to Rs.532.12 Cr
• Profit after tax doubled to Rs.353.38 Cr, up 102.0% YoY
• Cost-to-income ratio improved to 46.5% from 52.0% in Q4FY26
• Capital adequacy ratio at 24.66% provides strong headroom
• Impairment on financial instruments declined 23.7% YoY

Risk Factors

• Fee income declined 14.6% QoQ due to disruption in co-lending volumes
• Standalone GNPA increased to 1.02% from 0.88% (consolidated Q4FY26), a modest uptick