• Asset quality guidance: Stage 2 loans stand at 3.15% (down from 3.9% a year earlier), with management maintaining full-year Stage 3 guidance at 2.25% and expecting minimal slippage.
• Borrowing cost outlook: Management expects at least a 100 basis point reduction in overall cost of funds in the second half, driven by a rating upgrade that lowered incremental borrowing costs by 200–225 basis points and a 40–45% increase in capital base via equity infusion.
• AUM growth targets: Kissht expects purely organic AUM growth of over 40% for the fiscal year, underpinned by strong repeat customer demand following 13% growth in the first quarter.
• LAP portfolio profitability: The loan against property segment remains on track to achieve breakeven and turn fully profitable by Q3 of this financial year.