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ABCAPITAL - Aditya Birla Cap

📊 NSE: ABCAPITAL 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 17:53

📢 Recent Corporate Announcements

Aditya Birla Capital Allots 20,608 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Apr 2026, 08:02 PM

Aditya Birla Capital Limited has allotted 20,608 equity shares of face value ₹10 each following the exercise of stock options and performance units. The allotment consists of 16,508 shares under the 2017 ESOP scheme and 4,100 shares under the 2022 scheme. This results in a marginal increase in the total paid-up equity share capital to 2,62,05,42,896 shares. The dilution is extremely minimal and part of regular employee compensation practices.

Total allotment of 20,608 equity shares approved on April 29, 2026
Breakdown includes 16,508 shares under ABCL Scheme 2017 and 4,100 shares under ABCL Scheme 2022
Paid-up equity capital increased from ₹26,20,52,22,880 to ₹26,20,54,28,960
Total number of equity shares outstanding stands at 2,62,05,42,896 post-allotment
New shares rank pari passu with existing equity shares in all aspects

💡 No action is required as this is a routine administrative allotment with negligible impact on earnings per share. Investors should continue to monitor the company's core financial performance and growth metrics.

Aditya Birla Capital Allots NCDs Worth Rs 200 Crore at 8.16% Coupon

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 27 Apr 2026, 06:48 PM

Aditya Birla Capital Limited has successfully allotted 20,000 Secured, Rated, Listed, Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to Rs 200 crore with a fixed coupon rate of 8.16% per annum. These debentures are scheduled for redemption on February 14, 2029, and will be listed on both the BSE and NSE. This capital raise is part of the company's routine financing activities to support its lending and business operations.

Allotment of 20,000 NCDs with a face value of Rs 1,00,000 each, totaling Rs 200 crore.
Fixed coupon rate of 8.16% p.a. with annual interest payment schedules.
The debentures have a maturity date of February 14, 2029, with a tenor of 1,024 days for this specific issuance.
Secured by a first pari passu charge over the company's receivables, securities, and current assets.
The issuance was conducted on a private placement basis and will be listed on BSE and NSE.

💡 This is a routine fundraise for an NBFC to manage liquidity and growth; no immediate action is required, but investors should track the company's borrowing costs relative to peers.

Aditya Birla Capital Schedules Q4 FY26 Earnings Conference Call for May 4, 2026

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 23 Apr 2026, 04:46 PM

Aditya Birla Capital Limited has scheduled its conference call to discuss financial results for the quarter and full year ended March 31, 2026. The call is set for Monday, May 4, 2026, at 16:30 HRS IST. Management will provide a performance update followed by a Q&A session for analysts and institutional investors. The company will release the investor presentation and press release on its website on the same day.

Earnings conference call scheduled for May 4, 2026, at 4:30 PM IST.
Discussion will focus on financial performance for Q4 FY26 and the full fiscal year 2025-26.
Primary dial-in numbers provided are +91 22 6280 1324 and +91 22 7115 8225.
International toll-free access available for investors in the USA, UK, Hong Kong, and Singapore.
Audio recording and transcripts will be made available on the company's website post-call.

💡 Investors should mark the date to review the company's full-year performance and listen for management commentary on credit growth and margin outlook.

Aditya Birla Capital Allots 1,01,835 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Apr 2026, 04:04 PM

Aditya Birla Capital Limited has approved the allotment of 1,01,835 equity shares of face value ₹10 each following the exercise of stock options and performance units. The allotment comprises 3,612 shares under the 2017 ESOP scheme and 98,223 shares under the 2022 scheme. This action increases the company's total paid-up equity share capital from 2,62,04,20,453 to 2,62,05,22,288 shares. The dilution resulting from this allotment is marginal and part of standard employee compensation practices.

Allotment of 1,01,835 equity shares of face value ₹10 each on April 17, 2026.
Breakdown includes 3,612 shares under ABCL Scheme 2017 and 98,223 shares under ABCL Scheme 2022.
Total paid-up equity capital increased to ₹26,20,52,22,880.
Total outstanding equity shares now stand at 2,62,05,22,288.
New shares will rank pari passu with existing equity shares in all aspects.

💡 No action is required as this is a routine administrative allotment with negligible impact on the company's earnings per share (EPS).

Aditya Birla Capital's Housing Finance Unit Raises ₹2,750 Cr from Advent International

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 17 Apr 2026, 12:57 PM

Aditya Birla Housing Finance Limited (ABHFL), a material subsidiary of Aditya Birla Capital, has completed a ₹2,750 crore fundraise from Advent International. The capital was raised through a preferential issue of 12.32 crore shares at ₹223.12 per share to Indriya Limited (an Advent entity). Following this allotment, Advent International holds a 14.286% stake in ABHFL, while Aditya Birla Capital's ownership has diluted from 100% to 85.505%. This infusion provides substantial growth capital for the housing finance business, which accounted for 12.45% of the parent company's net worth in FY25.

ABHFL raised ₹2,749.99 crore by allotting 12,32,52,061 equity shares at ₹223.12 each.
Global PE firm Advent International now holds a 14.286% stake in the housing finance subsidiary.
Aditya Birla Capital's stake in ABHFL reduced to 85.505%, ending its status as a wholly-owned subsidiary.
ABHFL contributed ₹2,655.18 crore in revenue and ₹3,783.06 crore in net worth during FY 2024-25.
The capital infusion is intended to fuel growth in the housing finance segment.

💡 Investors should view this as a positive valuation benchmark for the housing finance business and a significant boost to its lending capacity. Monitor the subsidiary's loan book growth and margin profile following this capital injection.

ABCAPITAL Reports 99.74% of Equity Capital in Dematerialized Form as of March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Apr 2026, 06:52 PM

Aditya Birla Capital Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The report, issued by KFin Technologies, confirms that 95,485 shares were dematerialized during the quarter, with no rematerialization requests. As of the period end, a total of 2,61,26,90,292 shares are held in demat form, representing 99.74% of the company's total paid-up equity capital. This is a routine regulatory filing confirming the maintenance of electronic share records.

Total of 95,485 shares dematerialized during the quarter (66,766 via NSDL and 28,719 via CDSL)
99.74% of the total paid-up equity share capital is now held in dematerialized form
A total of 2,61,26,90,292 shares are in demat form as of March 31, 2026
Registrar KFin Technologies confirmed all demat requests were processed within the mandated 15-day timeline

💡 No action is required as this is a standard regulatory compliance filing. It confirms the high level of dematerialization and administrative transparency of the company's share capital.

Aditya Birla Capital Receives Regulatory Approval for Merger of Two Wholly-Owned Subsidiaries

🟡 NEUTRAL ⭐ 6/10

M&A 📅 01 Apr 2026, 04:49 PM

Aditya Birla Capital Limited (ABCL) has received formal sanction from the Regional Director (North-Western Region) for the amalgamation of two of its wholly-owned subsidiaries. The scheme involves merging Aditya Birla Stressed Asset AMC Private Limited into Aditya Birla Financial Shared Services Limited. This regulatory approval follows the initial board decision made on November 14, 2025. As both entities are 100% owned by ABCL, the consolidation is an internal restructuring aimed at operational efficiency.

Regional Director (North-Western Region) sanctioned the scheme of amalgamation on March 31, 2026.
Aditya Birla Stressed Asset AMC Private Limited to merge into Aditya Birla Financial Shared Services Limited.
Both participating entities are 100% wholly-owned subsidiaries of Aditya Birla Capital Limited.
The merger is conducted under Section 233 of the Companies Act, 2013, focusing on fast-track internal consolidations.

💡 This is a routine corporate restructuring to simplify the group structure and reduce administrative costs. No action is required as it does not impact the consolidated financials or shareholding of the parent company.

AB Capital Infuses ₹53 Crores into Digital Subsidiary via Rights Issue

🟡 NEUTRAL ⭐ 4/10

EXPANSION 📅 30 Mar 2026, 06:49 PM

Aditya Birla Capital Limited (ABCL) has invested ₹53 Crores in its wholly-owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL). The investment was made on a rights basis to support the subsidiary's growth and funding requirements in the digital financial services space. There is no change in the shareholding pattern, as ABCL continues to maintain 100% ownership of the digital arm. This move signifies the parent company's ongoing commitment to scaling its digital ecosystem.

Investment of ₹53 Crores in equity shares of Aditya Birla Capital Digital Limited (ABCDL).
The capital infusion was executed on a rights basis to meet growth and funding needs.
ABCL retains 100% shareholding in the subsidiary post-investment.
The transaction was completed on March 30, 2026, and conducted at arm's length.

💡 This is a routine internal capital allocation to support a subsidiary; investors should monitor the digital segment's growth trajectory and its impact on consolidated margins over the coming quarters.

Aditya Birla Capital Allots NCDs Worth Rs 505 Crore at 7.7173% Coupon

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 30 Mar 2026, 05:53 PM

Aditya Birla Capital has successfully allotted 50,500 secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to Rs 505 crore with a face value of Rs 1 lakh per debenture. These NCDs carry a fixed coupon rate of 7.7173% per annum and have a tenor of 1,870 days, maturing on May 13, 2031. The capital raised will likely be utilized to support the company's ongoing lending operations and strengthen its balance sheet.

Allotted 50,500 secured NCDs aggregating to Rs 505 crore on a private placement basis.
The debentures carry a fixed coupon rate of 7.7173% p.a. with interest paid annually.
The instrument has a long-term tenor of 1,870 days with a final maturity date of May 13, 2031.
NCDs are secured by a first pari passu charge over the company's receivables, securities, and current assets.

💡 This is a routine capital-raising activity for a financial services firm to fuel growth; investors should monitor the company's cost of borrowing and overall leverage. No immediate action is required as this strengthens the company's liquidity position.

ABCAPITAL Shareholders Approve NCD Issuance and New Director Appointments

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 26 Mar 2026, 09:39 PM

Aditya Birla Capital Limited (ABCAPITAL) has received shareholder approval for three key resolutions via postal ballot as of March 26, 2026. The most significant approval is for the issuance of Non-Convertible Debentures (NCDs) on a private placement basis to support capital requirements. Shareholders also confirmed the appointment of Ms. Saloni Narayan as an Independent Director and Mr. Krishna Kishore Maheshwari as a Non-Executive Director. All resolutions passed with overwhelming majorities, typically exceeding 99.9% of the votes cast.

Shareholders approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis with 99.98% votes in favor.
Ms. Saloni Narayan appointed as an Independent Director for a 5-year term with 99.99% shareholder approval.
Mr. Krishna Kishore Maheshwari's appointment as a Non-Executive Director confirmed with 99.95% votes in favor.
Total voting turnout was high at 84.32% of outstanding shares, driven by 98.13% promoter participation.

💡 The approval for NCD issuance provides the company with the necessary flexibility to raise growth capital, which is positive for the NBFC's expansion. Investors should monitor the subsequent pricing and timing of these NCD issuances as a signal of market confidence.

Aditya Birla Capital to Close Trading Window from April 1, 2026, for Q4 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Mar 2026, 07:04 PM

Aditya Birla Capital Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting April 1, 2026. This closure is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending March 31, 2026. The window will remain closed until 48 hours after the financial results are officially announced to the public. This is a routine compliance filing and does not indicate any fundamental change in the company's operations.

Trading window closure effective from April 1, 2026.
Closure pertains to the financial results for the quarter ended March 31, 2026.
Window to reopen 48 hours after the public announcement of financial results.
Restriction applies to all Designated Persons and their immediate relatives as per the Company's Code of Conduct.

💡 This is a routine regulatory announcement; no immediate action is required from retail investors. Investors should wait for the official announcement of the Q4 earnings date to assess the company's financial performance.

Aditya Birla Capital Meets 15+ Institutional Investors at Jefferies NBFC Access Day

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Mar 2026, 06:28 PM

Aditya Birla Capital Limited (ABCAPITAL) participated in the Jefferies 2nd India NBFC Access Day in Mumbai on March 25, 2026. The company engaged with over 15 high-profile institutional investors and funds, including Temasek, Franklin Templeton, and Tata Mutual Fund. The management confirmed that no unpublished price sensitive information (UPSI) was shared during these sessions. These meetings are part of the company's routine investor relations outreach to discuss publicly available financial performance and strategy.

Participated in the Jefferies 2nd India NBFC Access Day on March 25, 2026, in Mumbai.
Engaged with a group of 15+ major institutional investors including Bajaj Life, Temasek, and PNB Metlife.
Confirmed that no unpublished price sensitive information was disclosed during the meetings.
Directed investors to the existing quarterly results presentation available on the company's official website.

💡 This is a routine regulatory disclosure with no immediate impact on stock fundamentals. Investors may review the latest quarterly presentation on the company's website for insights into the current growth trajectory.

Aditya Birla Capital Allots NCDs Worth Rs 250 Crore at 8.03% Coupon

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 24 Mar 2026, 05:22 PM

Aditya Birla Capital has successfully allotted 25,000 subordinated Non-Convertible Debentures (NCDs) on a private placement basis. The total fundraise amounts to Rs 250 crore, which includes a base issue of Rs 150 crore and a fully exercised green shoe option of Rs 100 crore. These unsecured, rated, and listed instruments carry a coupon rate of 8.03% per annum. The capital raised through these long-term instruments, maturing in May 2035, will likely be used to bolster the company's capital base and support its lending operations.

Allotment of 25,000 Unsecured, Rated, Listed, Taxable, Redeemable Subordinated NCDs
Total issue size of Rs 250 crore achieved by exercising a Rs 100 crore green shoe option
Fixed coupon rate set at 8.03% per annum with annual interest payment schedules
Long-term maturity date fixed for May 4, 2035, providing stable long-term capital

💡 This is a routine but positive capital-raising activity that strengthens the company's balance sheet for future growth. Investors should monitor the company's cost of borrowing trends relative to its peers in the NBFC sector.

Aditya Birla Capital Allots 1.34 Lakh Equity Shares Under ESOP Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Mar 2026, 07:53 PM

Aditya Birla Capital Limited has allotted 1,34,619 equity shares of face value ₹10 each on March 20, 2026. The allotment follows the exercise of stock options and performance stock units under the ABCL Scheme 2022. This action increases the company's total paid-up equity share capital from ₹26,19,47,14,750 to ₹26,19,60,60,940. The new shares will rank equally with existing equity shares in all aspects.

Allotment of 1,34,619 equity shares of face value ₹10 each.
Total paid-up equity shares increased to 2,61,96,06,094 from 2,61,94,71,475.
The allotment was approved by the Stakeholders Relationship Committee under the ABCL Scheme 2022.
The resulting equity dilution is negligible at approximately 0.005% of the total share capital.

💡 No action is required as this is a routine administrative allotment under the company's employee stock option plan with minimal impact on share value.

Aditya Birla Capital to Participate in Jefferies 2nd India NBFC Access Day on March 25

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Mar 2026, 04:13 PM

Aditya Birla Capital Limited (ABC) has scheduled a physical meeting with institutional investors on March 25, 2026. The engagement is part of the Jefferies 2nd India NBFC Access Day held in Mumbai. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations, 2015. Such meetings typically allow management to discuss the company's performance and sector outlook with institutional stakeholders.

Event: Jefferies 2nd India NBFC Access Day scheduled for March 25, 2026
Mode: Physical meeting to be conducted in Mumbai
Compliance: Filed under Regulation 30 and 46(2)(o) of SEBI LODR Regulations
Participants: Interaction with various institutional investors and analysts

💡 This is a routine administrative update; no immediate action is required. Investors should monitor the exchange for any investor presentations or transcripts released following the event for insights into the company's growth strategy.

View All ABCAPITAL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 4% Y-o-Y to Rs. 12,481 Cr in Q2 FY26. NBFC disbursements rose 39% Q-o-Q to Rs. 21,990 Cr, with the portfolio reaching Rs. 1.4 trillion (up 22% Y-o-Y). Housing Finance (HFC) disbursements grew 44% Y-o-Y to Rs. 5,786 Cr. Health Insurance gross premium grew 41% Y-o-Y to Rs. 3,070 Cr in H1 FY26.

Geographic Revenue Split

Not explicitly disclosed as a percentage split, but the company operates a pan-India network with 444 Life Insurance branches and 175 Housing Finance branches as of Q2 FY26 to drive regional penetration.

Profitability Margins

Consolidated PAT grew 3% Y-o-Y to Rs. 855 Cr in Q2 FY26. HFC ROA improved by 22 basis points to 1.82%, and ROE reached 13.95%. NBFC NIM (including fees) stood at 6.06%, up 9 bps Q-o-Q. Health Insurance combined ratio improved to 108% from 113% Y-o-Y.

EBITDA Margin

Not applicable for financial services; however, HFC PBT grew 87% Y-o-Y to Rs. 194 Cr. Operating leverage is improving, with HFC opex-to-assets reducing by 62 bps Y-o-Y to 2.39% and NBFC opex-to-AUM declining 9 bps Y-o-Y to 1.89% in H1 FY26.

Capital Expenditure

Strategic investments in distribution, data, and digital technology were made over the last 2 years. Recent capital raises include Rs. 3,000 Cr in June 2023, with additional inflows of Rs. 588 Cr and Rs. 216 Cr from stake sales in AMC and Insurance Brokerage businesses in FY24-25.

Credit Rating & Borrowing

Maintains a 'AAA' credit rating. Consolidated cost of borrowing improved by 17 bps Q-o-Q to 7.52% in Q2 FY26. Funding mix for HFC shifted significantly with NCDs increasing from 33% to 50% Y-o-Y.

⚙️ Operational Drivers

Raw Materials

As a financial services provider, the primary 'raw material' is the Cost of Funds, which stands at 7.52%. Capital is sourced via NCDs (50% of HFC mix), Bank Term Loans (44% of standalone mix), and Commercial Paper (8%).

Import Sources

Not applicable for financial services; capital is sourced from domestic and international financial markets including banks, mutual funds, and ECBs.

Key Suppliers

Key lenders and investors include various banks, mutual funds, HNIs, and provident funds. Grasim Industries (parent) provides capital support, including Rs. 1,250 Cr in the last raise.

Capacity Expansion

Current distribution capacity includes 444 Life Insurance branches and 175 HFC branches. The company added 17 branches in H1 FY26 and is expanding its digital 'capacity' through the ABCD App and Udyog Plus platform.

Raw Material Costs

Cost of borrowing is 7.52%. Interest expenses are the primary cost, with NIMs maintained at 6.06% in the NBFC segment to ensure a healthy spread over the cost of capital.

Manufacturing Efficiency

Measured by operating leverage; HFC opex-to-assets improved by 62 bps Y-o-Y. Productivity gains are expected as the ratio of disbursements to opening book reduces over time.

Logistics & Distribution

Distribution is driven by the 'ABG Ecosystem,' which accounted for 15.9% of retail disbursements in HFC and ~13% overall, reducing customer acquisition costs.

📈 Strategic Growth

Expected Growth Rate

20-25%

Growth Strategy

Growth will be driven by a 25% CAGR in the HFC portfolio and 20%+ CAGR in Life Insurance Individual FYP. Strategy involves leveraging the 'ABCD' omni-channel app, expanding the MSME-focused 'Udyog Plus' platform, and increasing the share of high-margin retail/SME loans while utilizing the 310 million+ customer base of the Aditya Birla Group ecosystem.

Products & Services

Personal loans, consumer loans, unsecured business loans, MSME loans, affordable housing finance, prime housing finance, construction finance, life insurance policies, health insurance plans, and mutual fund units.

Brand Portfolio

Aditya Birla Capital, ABCD (App), Udyog Plus, Aditya Birla Sun Life, Akshaya Par (Life Insurance), Super Term Plan.

New Products/Services

Launched 'Akshaya Par' (contributing 15% of H1 business) and 'Super Term Plan' in Life Insurance. 'ABCD' app and 'Udyog Plus' are the primary new digital service platforms.

Market Expansion

Expanding into 'emerging locations' with new branches (17 added in H1 FY26) and increasing banca tie-ups (12 total, including Equitas Small Finance Bank).

Market Share & Ranking

Third-largest private HFC in terms of incremental growth. One of the largest AMCs in India with Rs. 4.25 trillion AUM. No. 1 in market share accretion among SAHI players in H1 FY26.

Strategic Alliances

12 Banca tie-ups including BOM, IDFC Bank, Axis Bank, and Equitas Small Finance Bank. Joint ventures exist with Sun Life for AMC and Insurance businesses.

🌍 External Factors

Industry Trends

The industry is shifting toward 'Digital-First' lending and 'Ecosystem-based' sourcing. ABCAPITAL is positioning itself as a 'full-stack' player to capture the 19% industry growth in health insurance and the robust demand for affordable housing.

Competitive Landscape

Competes with major private banks and specialized NBFCs/HFCs. Competitive advantage is maintained through a diversified product suite (Lending, AMC, Insurance) under one umbrella.

Competitive Moat

The primary moat is the 'Aditya Birla Group' brand and ecosystem, providing a low-cost sourcing channel (13-16% of disbursements). This is sustainable due to the massive existing customer base across other group businesses (Grasim, UltraTech, etc.).

Macro Economic Sensitivity

Highly sensitive to RBI interest rate cycles and credit growth in the MSME/Retail sectors. GDP growth directly correlates with the 22% Y-o-Y growth seen in the NBFC portfolio.

Consumer Behavior

Shift toward digital onboarding via apps like ABCD and a preference for 'Health-First' insurance models which ABCAPITAL is targeting to improve unit economics.

Geopolitical Risks

Limited direct impact as operations are primarily domestic (India), but global liquidity affects the cost of ECB borrowings.

⚖️ Regulatory & Governance

Industry Regulations

Impacted by new accounting regulations (1/n) for insurance, which resulted in a reported H1 FY26 net loss of Rs. 102 Cr in the health segment. Compliance with RBI/NHB capital adequacy is maintained with a Tier I ratio of 15.6%.

Environmental Compliance

Not a primary risk for financial services, though ESG frameworks are integrated into corporate overview reports.

Taxation Policy Impact

Effective tax rate is standard corporate rate; HFC PBT of Rs. 194 Cr resulted in healthy post-tax returns (1.82% ROA).

Legal Contingencies

Not explicitly detailed with INR values; however, the company manages credit risk through ECL policies and write-offs for unsecured loans overdue by 180+ days.

⚠️ Risk Analysis

Key Uncertainties

Asset quality in unsecured segments is a key monitorable; Stage 3 assets in unsecured business were high at 5.4% before a strategic sale reduced them to 1.9%. Potential impact of 1.2%-1.3% credit costs on profitability.

Geographic Concentration Risk

Concentrated in India, with growth focused on 'emerging locations' to diversify away from tier-1 cities.

Third Party Dependencies

Significant dependency on digital sourcing partners and banca partners (12 tie-ups) for lead generation and disbursements.

Technology Obsolescence Risk

Mitigated by heavy investment in the 'ABCD' app and data science frameworks to ensure best-in-class digital customer onboarding and TAT reduction.

Credit & Counterparty Risk

73% of the NBFC book is secured, providing a safety net. PCR (Provision Coverage Ratio) stands at 44.2% for the NBFC and 57.6% for the HFC to cover potential defaults.