CSL Finance Limited — Investor Meet, 29-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CSL Finance’s AUM grew 5% QoQ and 25% YoY to ₹1,195 Cr, driven by Wholesale growth as SME Retail slowed amid tighter credit. Net Interest Income rose 21% YoY to ₹146 Cr; PAT increased 14% to ₹72 Cr despite higher provisions and branch expansion costs. The company added 14 branches, expanded to 32 lenders, and launched a lower ROI product for prime borrowers. Borrowing cost inched up to 11.22%, with margin benefits expected from Q1 FY26 rate cuts. Management targets 30%+ SME growth over 2-3 years, focusing on technology and underwriting enhancements. Leverage is at 1.3x, with plans to increase selectively. A dividend of ₹3/share is proposed. The outlook is cautiously optimistic, balancing growth with asset quality.