Fedbank Financial Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Fedbank Financial Services reported Q1 FY27 disbursements up 14% YoY to Rs 6,760 crore and AUM growth of 35% YoY to Rs 21,136 crore, led by the Gold Loan business. Profit after tax rose 52.5% YoY to Rs 114.4 crore, with GNPA improving to 1.6% from 1.9% and credit costs at 0.8%. Management described a regulatory transition in gold lending LTV calculation that has elevated reported overdue levels, which it characterized as a change in customer repayment behaviour rather than an asset quality issue.
Fedbank Financial Services reported Q4 FY26 net profit of INR100.5 crore, crossing the INR100 crore mark for the first time, with full-year FY26 net profit at INR343.6 crore. AUM grew 27% year-on-year to INR20,153 crore, driven primarily by 76% growth in the gold loan book to INR10,352 crore, while gross Stage 3 assets improved to 1.9% from 2.1% quarter-on-quarter. Management attributed the quarter's performance to branch expansion in gold loans, improved collections infrastructure in the LAP segment, and capital conservation measures including direct assignment transactions and a INR450 crore subordinated debt raise.