• Disbursement and earnings: First-quarter disbursements grew 14.5% year-on-year to ₹15,014 crore, driving an 11.14% increase in profit before tax and an approximate 10% rise in profit after tax.
• Asset quality improvement: Gross NPAs dropped to 2.14% and net NPAs declined to 1.12%, aided by stage-3 legacy resolutions such as a ₹180 crore settlement, with management targeting a year-end GNPA ratio below 2%.
• Net interest margins: NIM compressed to 2.58% amid intense competition from banks, with the company planning to protect its ~2.6% full-year margin target by expanding into LAP, LRD, and co-lending partnerships.
• Project loan expansion: Wholesale and project finance disbursements are targeted to exceed ₹4,000 crore this year compared to ₹1,950 crore last year, though the company remains selective due to unviable sub-8% pricing demanded by top developers.
• Capital and growth: Backed by a CRAR of 25.48%, the company sees no near-term need for equity infusion and maintains full-year guidance of 10%–12% disbursement growth and double-digit loan book growth.