Questions across 2 calls

Sagar Shah

Spark Capital

Capri Global Capital Limited

Capri Global Capital Limited CC-Feb26.pdf · 2026-02-02

Congratulations, sir, for such excellent set of numbers. Majority of my questions are answered actually. I just had one question. We had -- we have been affirmed by CRISIL, the rating of A1+. And our cost -- average cost of borrowings, stands at 9.5%. And the lowering of cost of borrowings is one of the major things for us behind our ROA accretion. So you guided around a few quarters before that our cost of borrowings is expected to come down once the rating gets upgraded. So any -- something like talks with the rating companies so that it's a big driver for us regarding our return ratio, sir?

Okay. So basically, due to the RBI rate cuts and follow-through from the banking system, you are estimating around 25 to 50 bps, another one. But if the rating gets upgraded to more AA+ or anything like that, then what is the minimum expectation that the company has of lowering the cost of borrowings because that will be in line with the top A NBFCs, that is right, and that will be a big trigger for companies like Capri Global sir?

Capri Global Capital Limited CC-Jun25.pdf · 2025-08-05

First of all, congratulations, sir, for excellent set of numbers. I have around three questions. My first question was related to credit cost. So this quarter, we saw the highest almost credit cost as compared to last few quarters, and you had given the clarification that was regarding the one account in construction finance and some stress in MSME. So looking at the picture and will Q2 follow and will see kind of a mirror to Q1, so what kind of credit cost should we be building for the entire year sir, for FY '26 per se? That was my first question?

My second question was related to our growth. Growth in this quarter was way above the industry average and one of the best quarters for you in terms of AUM growth. So even sequentially, the AUM has grown by almost more than 8%. So , I wanted to understand which geographies are you exactly targeting? Is there any geographies that you are -- particularly that you're targeting, that you're getting such robust growth during the period?