• Credit cost trajectory: Management expects credit costs to decline from last year's 4.6% average to a 3.5%–4.0% range, helping drive return on assets (ROA) to between 3.5% and 4.0%.
• Growth and expansion strategy: AUM is targeted to grow 25%–30% without opening many new branches, driven by higher branch-level productivity, repeat loans, and expanding mortgages beyond their current ~20% portfolio share.
• Cost of borrowing: Blended borrowing costs are projected to drop by 50 to 60 basis points as older ~11.3% debt is replaced by incremental bank borrowings at 10.15%–10.20%.
• Profit and capital runway: Net profit is guided at ₹350 to ₹400 crore with mid-teens ROE, while existing equity is projected to support loan book growth up to ₹13,000 crore over the next 2.5 to 3 years before requiring another capital raise.