| Metric | Value (₹ Cr) | Q1 FY26 |
|---|---|---|
| Revenue | 12.07 | 2.6% |
| Total Income | 12.27 | 2.9% |
| Expenditure | 12.16 | 48.9% |
| PBT | 0.11 | 101.0% |
| Net Profit | 0.20 | 102.4% |
| OPM | 11.18% | 69.09pp |
| NPM | 1.64% | 67.51pp |
| EPS | 0.06 | 98.8% |
NBFC swung from a large loss to a small net profit despite revenue slipping 2.6% YoY, a genuine but thin turnaround rather than core-driven strength.
Capital Trust Reports ₹0.20 Cr PAT in Q1FY27; AUM Grows 52% to ₹240 Cr
12 Aug 2026 · 12 Aug, 7:12 pm
Summary
Capital Trust Limited announced its financial results for Q1 FY27, demonstrating a return to positive Profit After Tax (PAT) of ₹0.20 Cr and substantial growth in Assets Under Management (AUM), which rose 52% QoQ to ₹240 Cr. This performance underscores the scalability of the company's new business model, which focuses on secured lending and partner-led MSME distribution. The quality of the portfolio continued to improve, with 72% of AUM now secured or carrying zero credit risk, while leverage has reached historic lows with Capital Adequacy at 40%. Management expressed confidence in the model's ability to pursue growth with a lower risk profile and greater capital efficiency.
Key Highlights
- 1
Capital Trust Limited reported a Profit After Tax (PAT) of ₹0.20 Cr in Q1 FY27, marking consecutive quarters of profitability following its business transformation.
- 2
Total Assets Under Management (AUM) increased by 52% QoQ to ₹240 Cr in Q1 FY27, driven by secured lending and partner-led growth.
- 3
Quarterly disbursements grew by 24% QoQ to ₹112 Cr in Q1 FY27, fueled by the scale-up of gold loan branches and expansion of BC and co-lending partnerships.
- 4
The proportion of AUM that is secured or carries zero credit risk increased to 72% in Q1 FY27, up from 56% at the end of FY26, while Gross NPA remained contained at 2.7%.
- 5
Leverage has reduced significantly, with external borrowings at ₹15.3 Cr as at June 2026 and Capital Adequacy strengthened to 40%.
- 6
The secured Gold Loan business has moved beyond the pilot stage, with six branches operational and a monthly disbursement rate of approximately ₹5 crore.
Management Comments
Yogen Khosla
Q4FY26 demonstrated that the new model could restore operating profitability. Q1FY27 is the more important step: it demonstrates that the model can scale. Assets under management grew by more than half in a single quarter, while the quality of the portfolio improved alongside its size rather than at the expense of it. Our strategy from here is clear. Gold Loans will be the primary area for incremental deployment of Capital Trust's balance sheet, supported by term borrowings for secured lending. Our 250-branch MSME network will increasingly be monetised through partner balance sheets, generating fee income with materially lower balance-sheet and credit-risk intensity. This structure allows us to pursue growth with a significantly lower risk profile and greater capital efficiency than our earlier business model. I would like to express my sincere gratitude to our customers, employees, investors, lenders and other stakeholders for their continued trust in our organisation.
Informational and educational content only. Not investment advice.