Capri Global Q1 FY27 Results (NSE: CGCL)
Signal: Earnings grew
The read
Capri Global Capital delivered a stellar Q1FY27 with total income up 57% YoY and PAT doubling, driven by 78% NII growth and a 24% decline in impairment. However, EPS growth of 79% lagged PAT growth, indicating potential dilution. The credit rating upgrade to AA+ in July 2026 supports future cost of funds.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,581.2 Cr | 57.3% | 13.9% |
| Net profit | ₹353.38 Cr | 102.0% | |
| EPS | ₹3.67 | 79.0% | |
| EBIT margin | 0% |
P&L walk
Strong revenue growth driven by 64% YoY rise in interest income, improved margins from lower credit costs and stable cost-to-income.
Key positives
- Total income up 57% YoY to ₹15,812 Mn, PAT up 102% YoY to ₹3,534 Mn, driven by strong NII growth of 78% YoY.
- Impairment on financial instruments declined 24% YoY, indicating improving asset quality.
- NIM (NII/interest income) improved to 55.7% from 51.1% a year ago, reflecting lower cost of funds.
- Cost-to-income ratio improved to 29.3% from 29.8% YoY.
Key concerns
- Employee benefits expenses grew 65% YoY, outpacing revenue growth, though QoQ declined 5.6%.
- EPS growth of 79% lagged PAT growth of 102%, implying potential dilution from an increase in weighted average shares.
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