Capital Trust Reports Positive PAT in Q1FY27 as AUM Grows 52% on Secured Lending and Partner Growth

Capital Trust Reports Positive PAT in Q1FY27 as AUM Grows 52% on Secured Lending and Partner Growth​

Capital Trust Limited has announced its financial results for the quarter ended 30 June 2026, highlighting a return to profitability alongside significant growth in Assets Under Management (AUM). The company reported Profit After Tax (PAT) of ₹0.20 Cr in Q1FY27, demonstrating the success of its restructured business model focused on secured lending and partner-led distribution.

The quarter saw Total AUM increase by 52% Quarter-on-Quarter (QoQ), reaching ₹239.6 Crore. Quarterly disbursements climbed 24% QoQ to ₹111.6 Crore. The quality of the portfolio continued its improvement, with 72% of AUM being secured or carrying zero credit risk.

Key metrics for Q1FY27 showed disciplined financial health: Gross NPA stood at 2.7%, while Net NPA remained nil. Capital Adequacy strengthened to 40%.

Transitioning to a Scalable Growth Model​

The financial results signal the successful completion of Capital Trust's business transformation during FY26. The company transitioned away from unsecured MSME lending on its own balance sheet, developing two specialized growth avenues: secured gold loans within the company and partner-led, risk-capped MSME lending through Business Correspondent (BC) and co-lending arrangements.

The secured gold loan segment moved beyond a pilot stage during Q1FY27. Six branches are now operational, and cumulative disbursements in this area have surpassed ₹40 crore, achieving an approximate monthly disbursement rate of ₹5 crore. Concurrently, the existing network of 250 MSME branches is being utilized by partners to originate, service, and collect loans, with a corresponding monthly disbursement runrate estimated at approximately ₹30 crore.

Portfolio Improvement and Financial Health​

The performance highlights show accelerating AUM growth alongside improved portfolio risk management. The proportion of AUM secured or carrying zero credit risk increased to 72%, up from 56% at the end of FY26. Furthermore, external borrowings have been significantly reduced from ₹93.2 Cr in March 2025 to ₹15.3 Cr as of June 2026.

Management commentary emphasized that Q1FY27 was a crucial indicator of the model's scalability. Mr. Yogen Khosla, Managing Director of Capital Trust Limited, noted that while Q4FY26 confirmed operational profitability, Q1FY27 demonstrated that the new structure could scale successfully—growing AUM by more than half in one quarter without compromising portfolio quality.

The company outlined a strategy focused on leveraging secured lending for its own balance sheet, supported by term borrowings. The 250-branch MSME network will continue to be monetized through partner balance sheets, which is expected to generate fee income with lower balance-sheet and credit-risk intensity compared to the former operating model.

Capital Trust enters the remainder of FY27 maintaining a strengthened capital position and low leverage, focusing on expanding its gold loan branch network, deepening BC and co-lending partnerships, and continuing disciplined risk controls as it scales operations.

CAPTRUST Stock Price Movement​

Capital Trust Limited shares edged higher on Wednesday, closing at ₹20.09 after gaining 0.3% in trading. The stock traded a volume of 41,439 shares during the session.