Key Financial Performance Metrics for Q1 FY27

| Particulars | Q1 FY27 | Q4 FY26 | Growth (%) | Q1 FY26 | Growth (%) | FY26 | FY25 | Growth (%) |

| Loan Assets (₹ crore) | 89,670 | 87,347 | 3% | 77,732 | 15% | 87,347 | 75,765 | 15% |

| Disbursement (₹ crore) | 5,882 | 9,355 | -37% | 4,980 | 18% | 26,548 | 21,972 | 21% |

| Net Interest Income (₹ crore) | 803 | 813 | -1% | 760 | 6% | 3,110 | 2,750 | 13% |

| PAT (₹ crore) | 557 | 656 | -15% | 533 | 4% | 2,291 | 1,936 | 18% |

| NIM (%) | 3.50% | 3.69% | -19bps | 3.74% | -24bps | 3.68% | 3.70% | -2bps |

| Opex to ATA (%) | 0.99% | 1.08% | -9bps | 1.02% | -3bps | 1.05% | 1.05% | 0bps |

| ROA (%) | 2.37% | 2.89% | -52bps | 2.57% | -20bps | 2.66% | 2.55% | 10bps |

| ROE (%) | 11.44% | 13.94% | -250bps | 12.39% | -96bps | 12.73% | 12.19% | 54bps |

| GNPA (%) | 0.95% | 0.93% | 2bps | 1.06% | -11bps | 0.93% | 1.08% | -15bps |

Performance Highlights

Loan Portfolio

  • Assets Under Management stood at ₹93,021 crore as on Q1 FY27, reflecting 13% YoY growth
  • Retail Loan Asset grew by 16% YoY to ₹89,178 crore as on June 30, 2026, representing 99.5% of Total Loan Asset
  • Affordable and Emerging Markets segment grew by 27% YoY and contributed 41% to the Retail Loan Asset

Disbursements

  • Overall Disbursements increased 18% YoY after accounting for a one-time impact of change in accounting in disbursement recognition from cheque handover to cheque realization

Asset Quality

  • GNPA continues to be below 1% at 0.95%
  • Recovered ₹67 crore in Q1 FY27 from total written off pool resulting in -12 bps credit cost

Profitability

  • Net profit for Q1 FY27 grew by 4% YoY to ₹557 crore
  • Spread maintained at 2.12% QoQ during Q1 FY27, declined by 11 bps on YoY basis
  • Cost of borrowing for Q1 FY27 increased slightly to 7.36% despite tight liquidity due to macro-economic conditions
  • Net Interest Margin moderated by 19 bps QoQ due to increase in leverage in Q1 FY27 and true up of Q4 FY26 reported NIM
  • Opex to ATA improved to 0.99% in Q1 FY27 from 1.08% in Q4 FY26
  • ROA stood at 2.37% and ROE at 11.44%
  • Total number of branches stands at 404 as on June 30, 2026, including 12 additions in Q1 FY27
  • Capital Risk Adequacy Ratio remained healthy at 28.26% as on June 30, 2026; Tier I at 27.87%

Management Commentary

Mr. Ajai Shukla, Managing Director & CEO commented: \"We have started FY27 on a steady note, with AUM growing 13% year-on-year to ₹93,021 crore and our Retail loan book growing 16% year-on-year. The Affordable and Emerging Markets segments continued to be key growth driver, registering 27% growth and contributing 41% to the Retail loan book. Asset quality continued to be strong, with GNPA at 0.95%, while healthy recoveries from the written-off pool supported our profitability.\"

\"We remain focused on strengthening our distribution network and digital capabilities. Our ongoing digital transformation initiatives across sourcing, underwriting, servicing and collections are helping enhance customer experience, improve operational efficiency and support scalable growth. Backed by a strong capital position and prudent risk management practices, we remain well positioned to drive sustainable growth and create long-term value for our stakeholders.\"

Consolidated Financial Results (₹ in crore)

| Line Item | Q1 FY27 | Q4 FY26 | Q1 FY26 |

| Total revenue from operations | 2,263.44 | 2,181.53 | 2,076.11 |

| Other income | 1.92 | (9.62) | 5.76 |

| Total income | 2,265.36 | 2,171.91 | 2,081.87 |

| Finance cost | (29.14) | (176.22) | (56.22) |

| Impairment on financial instruments & write-offs | 134.67 | 125.60 | 118.01 |

| Employee benefits expense | 3.29 | 4.10 | 3.44 |

| Fees and commission expense | 16.36 | 19.18 | 14.70 |

| Depreciation, amortisation and impairment | 83.11 | 98.56 | 79.65 |

| Total expenses | 1,546.92 | 1,317.30 | 1,393.95 |

| Profit before tax | 718.44 | 854.61 | 687.92 |

| Tax expense | 161.10 | 198.81 | 154.42 |

| Net profit after tax | 557.34 | 655.80 | 533.50 |

| Earnings per share - Basic (₹) | 21.39 | 25.17 | 20.52 |

| Earnings per share - Diluted (₹) | 21.33 | 25.11 | 20.45 |