Fedbank Financial Services · forward-looking guidance across the available source record.
Guidance tracker
Gold AUM expected to grow 25-30% on March 2026 base even if gold prices remain flat, driven by 10-12% tonnage growth. Mortgage AUM to grow 15-20%. LAP segment (small + medium ticket) to grow 15-20%.
Management reiterated credit costs will remain below 1% for FY27. Credit costs at 0.8% in Q1. Any increase in Stage 2 from regulatory changes is viewed as customer behavior transition, not asset quality concern.
Annual ROA guidance of 20-30bps expansion to be achieved through combination of credit cost management and cost-to-assets improvement. May have quarterly aberrations.
Q1 had branch identification and premises work completed but openings deferred. Q2 will see catch-up with remaining branches to be opened through rest of FY27. FY26 saw 150 branches added.
Management reiterated guidance of credit cost at 1% ±10 bps for the full year, with Q3 at 0.9%.
Company opened 54 new gold branches in Q3, targeting continued branch additions in coming quarters.
Management indicated FY26 is an investment year; operating leverage benefits will reflect from FY27 onwards.
Company plans to reduce direct assignments and migrate to co-lending model for MTLAP, impacting income recognition.