Guidance ledger · Q4 FY26

AU Small Finance Bank Ltd AUBANK

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

mixed guidance posture · held across quarters

Holding view → · latest concall · The pulse

↓ lowered FY27 cost-to-assets ratio Q2 FY26 → Q4 FY26

~~better than 4.3% (FY26 target)~~ → below 4% (FY27 target)

“we have gone from 4.3% to 4.1% in this year itself. I believe next year, this current financial year, we should be lower than 4%.”

→ narrowed FY27 ROA target Q1 FY26 → Q4 FY26

~~1.8% aspirational (FY27 target reiterated)~~ → 1.8% on full-year basis (maintain or achieve Q4FY26 exit level)

“Our goal would be to maintain this ROA or achieve this ROA on a full -year basis for next year.”

↑ raised FY26 credit cost (% of average total assets) Q1 FY26 → Q1 FY26

~~85-90 bps~~ → around 1% of average total assets

“we increased our full-year credit cost expectation by 10 to 15 bps, taking the expected credit cost to around 1% of average total assets.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.