Fedbank Financial Services earnings calls.

Fedbank Financial Services delivered a strong Q3 FY26, with gold loan AUM surging 52% YoYCurrent reported value: 52% YoY. No comparable prior figure is available in the source record. to ₹7,795 crCurrent ₹7,795 Cr. Reported change: +52% YoY.ore and total business AUM reaching ₹17,500 croreCurrent reported value: ₹17,500 crore. No comparable prior figure is available in the source record. (+17% YoY). Net profit stood at ₹87.9 croreCurrent reported value: ₹87.9 crore. No comparable prior figure is available in the source record., while credit costs remained controlled at 0.9%Current reported value: 0.9%. No comparable prior figure is available in the source record., within the guided 1% band. The twin-engine strategy of gold and LAP is gaining traction, with gold loan disbursals hitting a record ₹7,853 crore in the quarter. Management reiterated its focus on secured lending, with unsecured loans now just 6% of the book. However, gross Stage 3 assets rose to 2.1%Current 2.1%. Reported change: +20bps QoQ. from 1.9% QoQ, driven by legacy ST LAP slippages, which management expects to stabilize by Q4. The key risk remains elevated opex from branch expansion and collection infrastructure investments, which may delay operating leverage benefits to FY27.