Financial Performance Q2FY2027

Profit & Loss Summary (₹ Mn)

| Particulars | Q2FY27 | Q2FY26 | YoY% | Q1FY27 | QoQ% |

| Interest Income | 2,653 | 2,077 | 28% | 2,505 | 6% |

| Total Income | 2,773 | 2,240 | 24% | 2,603 | 7% |

| Interest Expense | 1,297 | 978 | 33% | 1,156 | 12% |

| Net Interest Income | 1,476 | 1,262 | 17% | 1,447 | 2% |

| Operating Expenses | 605 | 453 | 33% | 468 | 29% |

| PPOP | 872 | 809 | 8% | 979 | (11%) |

| Loan Losses & Provisions | (2) | 119 | (102%) | 157 | (102%) |

| PBT | 874 | 690 | 27% | 822 | 6% |

| Tax | 218 | 175 | 25% | 209 | 4% |

| PAT | 656 | 515 | 27% | 613 | 7% |

| Basic EPS (₹/share) | 0.72 | 0.57 | 27% | 0.67 | 7% |

H1FY2027 Performance (₹ Mn)

| Particulars | H1FY27 | H1FY26 | YoY% |

| Interest Income | 5,158 | 4,086 | 26% |

| Total Income | 5,376 | 4,427 | 21% |

| Interest Expense | 2,452 | 1,920 | 28% |

| Net Interest Income | 2,923 | 2,507 | 17% |

| Operating Expenses | 1,072 | 886 | 21% |

| PPOP | 1,851 | 1,621 | 14% |

| Loan Losses & Provisions | 155 | 295 | (47%) |

| PBT | 1,696 | 1,326 | 28% |

| Tax | 426 | 339 | 26% |

| PAT | 1,270 | 987 | 29% |

Key Ratios

  • Net Interest Margin (NIM%): 5.7%
  • Yield: 15.7%
  • Return on Assets (RoA): 3.3%
  • Return on Equity (RoE): 13.4%
  • Gross NPA (GNPA): 0.66% (improved ~15 bps YoY)
  • Net NPA (NNPA): 0.46% (improved ~19 bps YoY)
  • Collection Efficiency: 98.3%
  • Liquidity Coverage: 2.22X

Balance Sheet Position (as of 30th September, 2026)

Assets (₹ Mn)

  • Cash and Bank Balances: 1,031
  • Receivables: 256
  • Loan Assets: 71,144
  • Investments: 1,755
  • Other Financial Assets: 493
  • Property, Plant and Equipment: 821
  • Other Non-Financial Assets: 551
  • Total Assets: 76,051

Liabilities and Equity (₹ Mn)

  • Payables: 655
  • Debt Securities: 15,114
  • Borrowing (Other than Debt Securities): 39,684
  • Other Financial Liabilities: 226
  • Non-Financial Liabilities: 1,012
  • Equity & Reserves: 19,360
  • Total Liabilities and Equity: 76,051

Capital Adequacy

  • Tier I Capital: 25.2%
  • Tier II Capital: 5.5%
  • CRAR (Tier I + II): 30.7% (well above 15% regulatory minimum)
  • Net Worth: ₹18,981 Mn

Operational Metrics

Scale & Distribution

  • Assets Under Management (AUM): ₹72,659 Mn (33% YoY growth)
  • Disbursement: ₹15,673 Mn (42% YoY growth)
  • Employees: 2,905 (11% YoY reduction despite growth)
  • Customer Franchise: ~20 Mn
  • Average Ticket Size: ₹6.16 Lakhs
  • Secured Portfolio: 94%
  • Distribution Points: 4,299
  • States: 23
  • Branches: 426
  • Business Correspondents: 1,690 (Partnered with SBI, BOI & IOB)
  • Total Touchpoints: 6,415 (420 added during the year)

Co-Lending Partnerships

  • Number of Co-Lending Partners: 5
  • Model: 80:20 participation with banks contributing 80%, Paisalo 20%
  • Benefits: Higher ROA & ROE, reduced capital dependency, better liquidity

Business Correspondent Services

Services offered include Account Opening, Fund Transfers, Cash Deposit, Balance Enquiries, Cash Withdrawal, Debit Cards, and Micro Credit through Bank CSPs in 1,690 points across 23 states.

Strategic Initiatives & Technology

AI Integration

  • Applications Processed Per Quarter: 190k
  • Voice Data Conversions Handled: 650k
  • Live AI Bots: 25
  • AI Driven Outbound Calls Daily: 300K
  • AI-powered marketing: 25 campaigns and 36 videos in three quarters
  • AI-generated code: ~90% of new code written by AI
  • 100% AI-assisted legacy maintenance and test case generation

Key Q2 Initiatives

  • 190k applications processed per quarter via AI-enabled onboarding
  • 200k servicing and 225k debt-management cases handled through AI pipelines
  • 370k quality checks per month automated
  • 65k/month facial recognition & face-match through app
  • 350k/month OCR scans at branches
  • Consumer-facing app scheduled to go live in Q3FY27

Funding & Capital Activities

  • Approved and launched Tranche I public issue of secured, rated, listed NCDs aggregating up to ₹300 Cr under a ₹900 Cr shelf limit
  • Recent capital raise expected to optimize leverage levels and enhance ROE
  • Promoter shareholding rose by ~4.8% in H1FY27 driven by Q1FY27 acquisitions

Product Portfolio & AUM Breakdown (Q2FY27)

  • Street Vendors: 16%
  • Agri & Allied Agri: 15%
  • Heavy Industries: 10%
  • Technology: 7%
  • Other MSME/SMEs: 11%
  • Vehicle: 3%
  • Other Micro Enterprise: 6%
  • Textiles: 4%
  • Health & Education: 6%

Historical Performance (FY2022-FY2026)

The company has demonstrated consistent growth with:

  • 3-year AUM CAGR of 21%
  • PAT CAGR of 36%
  • Improved asset quality metrics over time

Shareholding Structure (September-end)

  • Promoter and Promoter Group: 42.90%
  • Institutions and Others: 57.10%

ESG Initiatives

  • Triple A Strategy: Accessibility, Affordability, Awareness
  • Water stewardship measures including water efficiency and rainwater harvesting
  • Energy efficiency through natural light and star-rated equipment
  • 4,683 KL Total Water
  • 3.48 tonnes Total Waste Generated
  • 16.58% Employee Turnover Rate (Excl. Field Officer)
  • 3 E&S Training Programs Held for Employees

Forward-Looking Statements

The document contains forward-looking statements subject to various risks and uncertainties including economic conditions, interest rate volatility, regulatory changes, and management's ability to implement strategy. The company does not undertake any obligation to update these statements.