Analysts/Institutional Investor Meet/Con. Call Updates

India Shelter Finance reported Q1FY27 PAT of INR 143 Cr (+23% YoY) and AUM of INR 11,284 Cr (+24% YoY). Reported disbursements of INR 641 Cr were impacted by a one-time accounting change to 'check realization' from 'check handover'. Actual bank clearance disbursements were INR 1,040 Cr (+37% YoY), with no P&L impact.

Stage 3 assets rose to 1.5% due to seasonal factors; management expects stabilization by Q2FY27 and recovery from Q3FY27, maintaining 40-50 bps credit cost guidance.

The company reaffirmed its FY27 AUM growth target of 25-30%, noting strong July disbursements of INR 400 Cr.

Strategic focus on AI adoption and branch expansion (40-45 new branches) continues.

Management is confident in sustained performance and growth.