Fedbank Financial Services Q2 FY27 Earnings Call Transcript Released
Fedbank Financial Services reported Q2 FY27 results with total disbursements up 28% YoY to ₹6,676 crore and AUM up 37% YoY to ₹22,035 crore. Gold loan AUM grew 77% YoY to ₹11,917 crore. Profit after tax surged 63% YoY to ₹130.8 crore, with ROE at 17%. Credit costs remained below 1%.
The announcement details robust financial performance, significant growth in key business segments like gold loans, and improved profitability metrics, which are material information for investors and analysts.
The company reported strong year-on-year growth in disbursements and AUM, significant profit growth, and managed credit costs effectively, indicating a positive financial performance.
Fedbank Financial Services Limited (FEDFINA) has released the transcript of its Q2 FY27 Earnings Conference Call, which was held on Thursday, October 15, 2026. The transcript is available on the company's website under the Investor Relations section. The call featured management including MD & CEO Mr. Parvez Mulla and CFO Mr. C.V. Ganesh, alongside other senior executives, and was moderated by Mr. Shreepal Doshi from Equirus Securities.
During the call, the management highlighted key performance indicators for Q2 FY27. Total disbursements grew 28% year-on-year to ₹6,676 crore, with Assets Under Management (AUM) increasing by 37% year-on-year to ₹22,035 crore. The gold loan business showed robust growth, with disbursements rising 31% year-on-year to ₹5,822 crore and gold AUM growing 77% year-on-year to ₹11,917 crore. The company also expanded its branch network, adding 74 branches in the quarter to reach a total of 831 gold branches, and marked its entry into Eastern India.
Profitability metrics were strong, with profit after tax at ₹130.8 crore, a 63% year-on-year growth, accompanied by an ROA of 2.8% and an ROE of 17%. Credit costs were managed at approximately 0.6% of average total assets, well within the guided range of below 1%. Gross NPA stood at 1.8% and Net NPA at 1.2%. The company also discussed its strategic priorities, including capital allocation to high-return businesses, growing a fully secured book, scaling gold loans and LAP, and maintaining cost efficiency.
The management addressed competitive intensity in the gold loan market, emphasizing a balanced approach to growth and yields. They also discussed the transition to a periodic interest model for gold loans, explaining the observed technical increase in Stage II and Stage III delinquencies as a behavioural change rather than a structural credit concern. The company reiterated its commitment to disciplined underwriting, portfolio quality, and leveraging operating leverage to achieve its target of a 3% ROA.
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