Financial Performance Summary

Key Financial Metrics (Q2 FY27 vs Comparative Periods)

| Metric | Q2FY27 | Q2FY26 | YoY Change | Q1FY27 | QoQ Change |

| AUM (₹Cr) | 18,010 | 14,178 | +27.0% | 16,938 | +6.3% |

| Disbursement (₹Cr) | 1,705 | 1,289 | +32.2% | 1,628 | +4.7% |

| Total Income (₹Cr) | 567 | 479 | +18.4% | 540 | +5.0% |

| Interest Expense (₹Cr) | 224 | 202 | +10.8% | 208 | +7.8% |

| Net Total Income (₹Cr) | 343 | 277 | +23.9% | 332 | +3.3% |

| Operating Expenses (₹Cr) | 106 | 89 | +19.2% | 109 | -2.8% |

| PAT (₹Cr) | 170 | 132 | +29.1% | 160 | +6.5% |

| Spread (%) | 5.2% | 5.3% | -10 bps | 5.3% | -10 bps |

| ROA (%) | 4.2% | 3.8% | +40 bps | 4.2% | 0 bps |

| Gross Stage 3 (%) | 1.7% | 1.9% | -20 bps | 1.8% | -10 bps |

| Cost to Income (%) | 30.8% | 32.0% | -120 bps | 32.7% | -190 bps |

Asset Quality and Provisions

  • 1+ DPD: 4.7% (flat quarter-on-quarter)
  • 30+ DPD: 3.2% (flat quarter-on-quarter)
  • Gross Stage 3 (GNPA): 1.7% (lower by 10 bps quarter-on-quarter)
  • Credit Cost: 40 bps for the quarter
  • ECL Provision: ₹122 Cr as of September 2026
  • Total Provision to Loans Outstanding Ratio: 0.8%
  • Provision Coverage Ratio (PCR): 46.4% (vs 45.3% in June 2026)
  • October 2026 Bounce Rate: 16.6%

Capital Structure and Borrowings

  • Total Borrowings (including debt securities): ₹12,246 Cr as of September 2026
  • Liquidity Buffer: ₹2,666 Cr as of September 2026
  • Cost of Borrowings: 7.8% (flat quarter-on-quarter)
  • Capital Adequacy (CRAR): 39.8% as of September 2026 (vs 42.6% in June 2026)
  • Tier I Capital: 39.4% as of September 2026 (vs 42.2% in June 2026)
  • Networth: ₹4,665 Cr as of September 2026 (vs ₹4,483 Cr in June 2026 and ₹4,014 Cr in September 2025)

Operational Highlights

  • Distribution Network: 181 branches (+6 from June 2026, +18 from September 2025) across 13 States/UT
  • Total Touchpoints: 379 (+6 from June 2026, +13 from September 2025)
  • Employee Base: 2,014 employees (+26 net addition during quarter, primarily in customer-facing roles)
  • Portfolio Composition: Housing loans contribute 84% of AUM; EWS/LIG category forms ~56% of AUM
  • Green Homes Initiative: 100 additional homes certified during quarter, cumulative total of 650 as of September 2026

Management Commentary

Mr. Manoj Viswanathan, MD & CEO, highlighted strong operating performance with sustained business momentum, profitability, and stable asset quality. Key points from management commentary:

  • Business growth supported by healthy customer demand across target segments and deeper market penetration
  • Focus on translating portfolio growth into sustainable earnings while maintaining underwriting standards
  • PAT growth of 29.1% YoY outpaced AUM growth of 27.0%
  • Return on Equity stood at 14.9% (+150 bps YoY, +40 bps QoQ)
  • Active management of asset pricing, funding costs, and liability mix
  • Emphasis on prudent risk selection and collection discipline to preserve loan book quality
  • Priorities for remainder of FY27: sustain growth momentum, preserve portfolio quality, protect profitability, improve operating efficiency

Additional Information

  • The company won the 'ESG & Financial Inclusion' award in the NBFC category at ASSOCHAM's 21st Annual Summit & Awards
  • Spread calculation is on IGAAP basis and excludes Co-Lending
  • The press release was issued pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015