CSL Finance Limited (530067) Earnings Call Transcripts

CSL Finance Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, CSL Finance Limited reported a revenue increase of 19% year-over-year, with a PAT of INR 19.4 crore, up 2% YoY but down 7% sequentially. The company highlighted strong growth in its wholesale segment, which now constitutes 69% of its AUM, while the SME retail segment continues to face challenges due to increased competition and a cautious lending approach. Management maintained a cautiously optimistic outlook for FY '27, projecting AUM growth in the range of 15% to 25%.

Reported metrics

Guidance from management

Management expects AUM growth of 15% to 25% in FY '27, with a cautious outlook on the SME retail segment improving as market conditions stabilize.

What management said

I think largely, we have told that our wholesale business is a little lumpy. Sometimes, certain quarters are disbursements are higher. And it is better to see is more on a yearly basis rather than quarterly and we have already highlighted that our SME performance was a little lower as compared to our last quarter. So -- but largely, the disbursement has being because the last quarter was higher on the wholesale side,...

Tax percentage goes up because of the amortization of those fees as per India, we amortize those fees for the get deferred. But as for income tax, we have to follow the Indian accounting method to determine the tax. So our tax percentage is always higher than the normal tax, which is 25.17%. And I think weighted average will be around 27%. .

What analysts pressed on

Analysts expressed concerns about the underperformance of the SME retail segment and the impact of increased competition on growth. There were also questions regarding the sustainability of asset quality improvements and the effectiveness of the new ECL policy.

Main topics on the call

• Wholesale Segment Growth — The wholesale segment showed robust performance, contributing significantly to AUM growth, which increased by 21% YoY to INR 1,448 crores. Management stated, "The Wholesale segment is expected to remain strong and will r...
• Challenges in SME Retail — The SME retail segment underperformed, impacted by over-leverage in the market and increased competition. Management noted, "Concerns such as overleverage border profile, stagnant income growth across the MSME ecosystem ...
• Asset Quality Improvements — CSL Finance reported a gross NPA of 1.1%, down from 2.46% YoY. Management emphasized that they are not seeing material delinquencies in the SME retail book, providing confidence in their underwriting quality.
• Fee Income Growth — Fee income for Q4 FY '26 rose by 21% YoY to INR 45.4 crores, driven by higher average AUM. Management anticipates further growth in fee-based income as they pursue joint lending structures.

Read the full CSL Finance Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 12 CSL Finance Limited earnings call transcripts on record, spanning January 7, 2020 to May 29, 2026. Based on this history, CSL Finance Limited reports semi-annually. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

530067

Exchange

BSE

Country

IN

Sector

Financials

Industry

Financial Services

Calls on record

12

First call

January 7, 2020

Most recent

May 29, 2026

Reporting cadence

semi-annually