Diversified NBFCs set for stronger FY27 growth

Diversified NBFCs are likely to see upward revisions to FY27 growth and return-on-assets guidance after a strong first quarter, according to Equirus Securities. The brokerage expects 24.7% NII growth, 29.6% PPoP growth, and 37% PAT growth, supported by ~19.4% AUM growth. Asset quality remained resilient, with gold finance emerging as a key growth area.