Cholamandalam Investment And Finance Co. Ltd. · NSE:CHOLAFIN

Cholamandalam Investment And Finance — Investor Presentation (September 2025)

110 slides from Cholamandalam Investment And Finance's investor presentation, September 2025

1. Slide 1: Corporate Presentation September 2025

   CORPORATE PRESENTATION September 2025

2. Slide 2: Table of Contents

   Table of Contents Image result for group overview 1. Group 2. Corporate 3. Financial 4. Business overview overview performance segments' overview 5. Funding 6. Subsidiaries 7. Environmental 8. Risk 9. Information performance Social Governance Management Technology profile 2

3. Slide 3: Murugappa Group Overview

   Murugappa Group Overview 3

4. Slide 4: Murugappa Group in a Nutshell

   Murugappa Group in a Nutshell AGRICULTURE ENGINEERING FINANCIAL SERVICES Market Cap(Cr.) 66,806 18,203 17,588 59,888 1,16,663 1,35,478 NA 35,579 Turnover (Cr.) 24,085 31,609 4,834 7,431 9491 25,846 8,927 86 2,055 1,773 293 1,297 974 4,263 507 65 PAT(Cr.) 125 Years of $10.2 Consolidated Years Existen

5. Slide 5: Corporate Overview

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6. Slide 6: Our journey so far

   Our journey so far FY 1979-2010 FY 2010-2015 FY 2016-2020 FY 2021-2022 FY 2024 FY 2025 FY 2026 2011 2016 2021 2024 2025 2026 • Equipment financing & • Terminated JV with • New LEAP LOS Digital • LAP platform • Total AUM crossed • Total AUM • Total AUM crossed • VF business DBS platform digitization

7. Slide 7: Highlights – Q2 FY26 & H1 FY26

   Highlights – Q2 FY26 & H1 FY26 Particulars Q2 FY26 Vs Q2 FY25 H1 FY26 Vs H1 FY25 Disbursement at Rs.24,442 Cr as compared to Disbursement at Rs.48,767 Cr as compared to Rs. Disbursement Rs. 24,314 Cr 48,646 Cr Business AUM Rs.1,99,159 Cr, a growth of 21%. NIM Improved to 7.9% as compared to 7.5% Imp

8. Slide 8: Strong Geographical Presence

   Strong Geographical Presence 112 73 Ladakh (1) 724 718 712 Jammu & Kashmir (10) 545 Punjab (34) Himachal Pradesh (25) Chandigarh (1) 1387 1613 1630 1637 Uttarakhand (23) Haryana (52) Sikkim (3) Arunachal Delhi (9) Pradesh (1) Assam (43) FY24 FY25 Q1FY26 Q2FY26 Rajasthan (120) UP (121) Physical Branc

9. Slide 9: Financial Overview

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10. Slide 10: Financial Snapshot — 15 Years

    Financial Snapshot —15 Years ₹ Cr Recovery and Stabilsation COVID New Growth FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 CAGR CAGR CAGR Financials Snapshot YoY (10 (15 IGAAP IGAAP IGAAP IGAAP IGAAP IGAAP IGAAP INDAS INDAS INDAS INDAS INDAS INDAS INDAS INDAS (5 years) y

11. Slide 11: Chola – Disbursement & Portfolio Mix – Q2 FY26

    Chola – Disbursement & Portfolio Mix – Q2 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise SBPL 3 Wheeler 3 Wheeler SBPL 1% 1% 1% 2% 2 Wheeler SME 2 Wheeler SME 6% 4% 4% 6% CSEL 7% CSEL 9% Us ed Vehicles HL 15% Us ed Vehicles 10% HL 19% 7% Tra ctor

12. Slide 12: Disbursements

    Disbursements Disbursements (₹Cr) Disbursements (%) 0% * 48,646 * 48,767 0.4% 567 1% 2% 2% 1% 580 744 1% 2% 1% 2% 4,119 3,286 9% 7% 8% 6% 8% 7% 4,188 9% 9% 9% 7,075 14% 15% 15% 3,461 7% 7% 7% -0.03% 1% 3,601 7% 7% 7% 9,336 19% 19% 19% * 24,325 * 24,442 8,170 16% 17% * 24,332 100 * 24,314 467 18% 268

13. Slide 13: Assets Under Management

    Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 1,99,159 0.1% 0.2% * 1,92,148 1% 1% 1% 1% 456 4% 4% 97 2,932 4% 4% 2,671 8% 7% 9% 7% 7,544 * 1,55,442 7,119 * 1,64,642 13,952 10% 10% 14,199 1,863 9% 10% 1,618 5,877 20,405 5,576 19,399 14,175 1

14. Slide 14: Profitability and Net worth

    Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) 2,291 *25,895 *24,715 168 1,905 168 *21,365 *20,525 168 168 1,136 1,155 24,547 25,726 942 963 21,196 20,357 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Reserves and Surplus Equity Share Capital * To

15. Slide 15: Asset Ratios

    Asset Ratios Net Income Margin (%) Expenses Ratio (%) 7.8% 7.9% 7.8% 3.1% 7.6% 7.6% 3.0% 3.0% 7.5% 3.0% 3.0% 2.9% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 1.8% 1.7% 1.8% 3.2% 3.1% 3.1% 3.1% 3.0% 3.0% 1.

16. Slide 16: Shareholding

    Shareholding Shareholding Pattern Institutional Holders (More than 1%) Corporate Mutual Bodies 3.88% Top Domestic Institutional Holding Funds 13.92% • Axis Mutual Fund • SBI Mutual Fund Public • Invesco Mutual Fund 4.88% • Motilal Oswal Promoters 49.88% • Kotak Mutual Fund • HDFC Mutual Fund FII Top

17. Slide 17: Shareholders' Returns Ratios

    Shareholders’ Returns Ratios Return on equity (%) Earnings per share (₹) 18.9% 18.8% 18.6% 18.5% 54.2 54.5 54.3 18.2% 18.1% 45.0 45.5 45.2 Q1 FY25 Q1 FY26 Q2 FY25 Q2FY26 H1 FY25 H1FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2FY26 H1 FY25 H1FY26 P/E Ratio P/BV Ratio 35.4 35.6 6.3 6.3 5.8 31.6 5.5 30.0 29.6 29.6 5.

18. Slide 18: Profit and Loss Statement (As per IND AS)

    Profit and Loss Statement (As per IND AS) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 24,332 24,325 24,314 24,442 1% 48,646 48,767 0% Asset Under Management 1,68,832 2,07,663 1,77,426 2,14,906 21% 1,77,426 2,14,906 21% Income 5,828

19. Slide 19: Balance Sheet (As per IND AS)

    Balance Sheet (As per IND AS) ₹ Cr Particulars Sep24 Mar25 Sep25 ASSETS Financial Assets 1,78,626 1,98,578 2,13,226 Cash and Bank balance 8,571 9,401 10,329 Derivative financial instruments 92 203 713 Receivables 350 304 396 Loans 1,63,596 1,81,930 1,94,046 Investments 5,815 6,390 7,183 Other Financ

20. Slide 20: Stagewise Assets & Provision Summary

    Stagewise Assets & Provision Summary ₹ Cr Jun-25 Sep-25 Jun-25 Sep-25 Particulars INR Cr INR Cr % to GA % to GA Gross Assets 1,91,421 1,98,081 100.0% 100.0% Stage 1 1,79,548 1,85,338 93.80% 93.57% Stage 2 5,833 6,116 3.05% 3.09% Stage 3 6,040 6,627 3.16% 3.35% Provision 3,779 4,034 1.97% 2.04% Stage

21. Slide 21: Stagewise ECL Summary – Sep 25

    Stagewise ECL Summary – Sep 25 ₹ Cr Total Total Particulars Asset Provn NNPA Asset Provn NNPA Rs in Cr % Stage 1A (A ) 1,84,917 641 1,84,276 93.35% 0.35% 93.03% Stage 1B (B ) 421 15 405 0.21% 3.63% 0.20% Total Stage 1 (C ) 1,85,338 656 1,84,681 93.57% 0.35% 93.24% Stage 2A (D ) 4,110 324 3,786 2.07%

22. Slide 22: Stage 3 Assets Product-wise

    Stage 3 Assets Product-wise ₹ Cr Closing Gross Stage 3 ECL Provision Net Stage Net Asset Class Asset Stage 3 Asset % Provision Coverage 3 Stage 3% Sep25 1,98,081 6,627 3.35% 2,865 43.23% 3,762 1.90% VF 1,10,372 4,535 4.11% 2,062 45.46% 2,474 2.24% LAP 41,989 1,008 2.40% 368 36.54% 639 1.52% HL 20,33

23. Slide 23: Chola – Stage 3 Assets Trend

    Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Sep25 is at 4.57% and 3.07%, respectively. 23

24. Slide 24: Business Overview

    Business Overview 24

25. Slide 25: Auto Ecosystem - VF

    AUTO ECOSYSTEM - VF

26. Slide 26: Ecosystem Play in the AUTO Sector (CV, PV)

    Ecosystem Play in the AUTO Sector CV PV Low Industry Low Low Industry Low Chola Position Chola Position Principal Operator Salaried > 50 Vehicles Large Operators 26- 50 vehicles HCV Self Employed with Returns Returns Financials RISK RISK Medium Operators 10 -25 – HCV & LCV vehicles Taxi and Tour Ope

27. Slide 27: Ecosystem Play in the AUTO Sector (Tractor, CE)

    Ecosystem Play in the AUTO Sector Tractor CE Low Industry Low Low Industry Low Chola Position Super Strategic Chola Position Large Farmer Strategic Customer Captive Users / Prior Vehicles Captive Users/Prior Vehicles Returns Returns Medium Retail operator RISK RISK Medium Farmers Small Retail Operat

28. Slide 28: Sector outlook – Vehicle Finance business (1/3)

    Sector outlook – Vehicle Finance business (1/3) Sector Outlook Chola’s Position ▪ The Heavy Commercial Vehicle (HCV) ▪ We will closely watch this segment and align segment witnessed 2% growth in Q2 FY26 & our growth in line with industry momentum. de-growth of 2% in H1 FY26. The segment demonstrated

29. Slide 29: Sector outlook – Vehicle Finance business (2/3)

    Sector outlook – Vehicle Finance business (2/3) Sector Outlook Chola’s Position ▪ The Passenger Vehicle (Car&MUV) segment ▪ Our focus will remain on sustaining retail had a de-growth of 1% in Q2 FY26 & H1 FY26, momentum and leveraging rural demand. primarily due to a high base effect of previous yea

30. Slide 30: Sector outlook – Vehicle Finance business (3/3)

    Sector outlook – Vehicle Finance business (3/3) Sector Outlook Chola’s Position ▪ The Construction Equipment segment had a ▪ With an exposure of around 6% at the de-growth of 9% in Q2 & 7% in H1 FY26, portfolio level, our efforts will remain primarily due to the high base effect of directed on build

31. Slide 31: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chola 4 year Chola 4 year Chola YoY growth rate 11% (in Units) Chola YoY growth rate 13% CAGR 4% CAGR (9%) CAGR @ 5% 150387 (in Units) 51512 CAGR @ 5% 129910 48224 47299 121868 113953 114195 41658 40743 Q2 FY23 Q2 FY24 Q2

32. Slide 32: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chol a 4 year Chola YoY growth rate 18% (in Units) Chola 4 year Chola YoY growth rate 9% CAGR @ 7% CAGR 16% (in Units) CAGR 10% Industry 4 year CAGR 0% CAGR @ 5% 81957 1204855 76628 1076397 1056394 1027922 1040799 66

33. Slide 33: Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q2 FY26

    Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q2 FY26 Well diversified across geography Disbursements - State wise Portfolio - State wise Dadra and Nagar Haveli Dadrq and Nagar Haveli & & Daman and Diu Daman & Diu MP AP Karnataka MP AP 0.05% 0.04% Karnataka Maharashtra Maharashtra 5% 5% 6

34. Slide 34: Vehicle Finance - Disbursement/Portfolio Mix – Q2 FY26

    Vehicle Finance - Disbursement/Portfolio Mix – Q2 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 6% 7% 3 Wheeler LCV 3 Wheeler 16% 1% CE 1% CE LCV 6% 5% 19% 2 Wheeler 2 Wheeler 7% 10% MUV 11% MUV Used Vehicles 12% 28% CAR Used Vehicles 11

35. Slide 35: Vehicle Finance - Disbursement Mix – Quarter-wise

    Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 14,390 * 14,430 816 * 13,647 * 13,539 912 Low Yield 670 632 5% 6% 6% 5% 5% * 12,336 854 1,051 782 768 6% 6% 7% 6% 6% 637 683 2,116 2,333 2,367 2,146 15% 15% 17% 16% Medium Yield 16%

36. Slide 36: Vehicle Finance - Portfolio Mix – Quarter-wise

    Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise * 1,07,568 * 1,04,720 5% 6% 6% * 1,01,257 6% 6% * 96,673 6,600 7% 6,571 7% 7% 7% 7% * 92,012 6,490 7,172 7,058 Low Yield 6,232 6,882 5,842 6,398 20% 19% 19% 19% 19% 6,083 20,753 20,158 19,277 1

37. Slide 37: Vehicle Finance: Q2 FY26 & H1 FY26 Performance

    Vehicle Finance: Q2 FY26 & H1 FY26 Performance Disbursements grew by 10% in Q2 FY26 to Rs. 13,539 Cr as compared Disbursements to Q2 FY25 and by 8% in H1 FY26 to Rs.27,186 as compared to H1 FY25. Assets under AUM has grown by 17% YoY. management Loss and Loan losses at 2.1% in Q2 FY26 from 1.8% in Q

38. Slide 38: Vehicle Finance - Disbursements and Asset Under Management

    Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) 27,186 *1,04,720 *1,07,568 4 25,102 6 *88,638 *92,012 27 18 13,647 13,539 1,04,714 1,07,564 12,766 12,336 88,611 91,994 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25

39. Slide 39: Vehicle Finance - Income and Profit before tax

    Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 7,858 1,319 1,251 6,688 4,010 691 3,848 628 631 620 3,255 3,433 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 39

40. Slide 40: Vehicle Finance - Asset Ratios

    Vehicle Finance - Asset Ratios Net Income Margin (%) Expense Ratio (%) 7.9% 7.8% 8.0% 7.9% 7.9% 3.3% 7.8% 3.2% 3.2% 3.2% 3.2% 3.1% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 2.9% 2.8% 2.8% 2.2% 2.1% 2.1%

41. Slide 41: Profit and Loss Statement - Vehicle Finance (Managed)

    Profit and Loss Statement - Vehicle Finance (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 12,766 13,647 12,336 13,539 10% 25,102 27,186 8% Asset Under Management 88,638 1,04,720 92,012 1,07,568 17% 92,012 1,07,568 17% Incom

42. Slide 42: VF – Stage 3 Assets Trend

    gy Chola VF -Stage 3 Assets Trend Be Enter a better life murugappa 13.00% 50.00% 45.44% 45.48% “728% 46.16% 46.84%46.51% 45 759, 45.97% 46.29% 4s sox 45.46% n1.00% | 222% 41-74% 45.00% 40.00% 9.00% 35.00% 7.00% 30.00% 5.00% | 3.85% 4.11% 3.65% 3.20% 3.32% 3.29% 3.02% 3.27% 3.60% 3.67% 3.52% 3.89% i

43. Slide 43: MSME Ecosystem – LAP, SME & SBPL

    MSME Ecosytem – LAP, SME & SBPL

44. Slide 44: Ecosystem Play in the MSME Sector

    Ecosystem Play in the MSME Sector Represents Chola’s presence Larger enterprises largely focused by Banks Large SME Focused by via SME business since the last 3 years Medium (SENP) Focused by via LAP business since the last 19 years Mini (SENP) Focused by via SBPL business since the last 3 years Pro

45. Slide 45: MSME Ecosystem - Q2 FY26 & H1 FY26 Performance

    MSME Ecosystem - Q2 FY26 & H1 FY26 Performance Disbursements was flat in Q2 FY26 at Rs. 6,597 Cr as compared to Q2 Disbursements FY25 and grew by 4% in H1 FY26 to Rs.13,365 Cr as compared to H1 FY25. Asset under AUM has grown by 33% YoY. management Loss and Loan losses at 0.5% in Q2 FY26 from 0.2% i

46. Slide 46: MSME Ecosystem - Disbursements and Asset Under Management

    MSME Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *56,778 *13,365 * 53,734 2,932 *12,869 2,671 744 7,544 580 7,119 *42,564 3,286 * 39,329 1,863 4,119 1,618 5,877 5,576 *6,769 *6,597 *6,302 *6,566 359 312 385 268 46,302 1,705 1,581 43,943 2,16

47. Slide 47: MSME Ecosystem – Income and Profit before tax

    MSME Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 3,653 345 * 1,006 452 101 * 2,654 70 213 * 704 344 65 * 1,894 51 * 1,759 * 524 180 * 482 165 240 52 * 1,268 213 * 1,386 49 42 2,856 * 347 28 836 98 115 * 357 180 30 35 164 2,097 24 27 587 1,382 1,474 405 431 1,006 1,

48. Slide 48: MSME Ecosystem – Asset Ratios

    MSME Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 6.2% 6.4% 6.3% 2.3% 6.1% 6.0% 6.1% 2.3% 2.2% 2.1% 2.0% 2.1% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 3.7% 3.7% 3.8% 3.7% 0.5% 3.6%

49. Slide 49: Profit and Loss Statement – MSME Ecosystem

    Profit and Loss Statement – MSME Ecosystem ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q1-o-Q1 H1-o-H1 Disbursements 6,302 6,769 6,560 6,597 1% 12,862 13,365 4% Asset Under Management 39,329 53,734 42,558 56,778 33% 42,558 56,778 33% Income 1,268 1,759 1,386 1,894 3

50. Slide 50: Loan Against Property

    CO OED e—™ Loan Against Property

51. Slide 51: Loan Against Property - Q2 FY26 & H1 FY26 Performance

    Loan Against Property - Q2 FY26 & H1 FY26 Performance Disbursements grew by 8% in Q2 FY26 to Rs. 4,630 Cr as compared to Q2 Disbursements FY25 and by 14% in H1 FY26 to Rs.9,336 Cr as compared to H1 FY25. Asset under AUM has grown by 33% YoY. management Loss and Loan losses at 0.3% in Q2 FY26 from 0.

52. Slide 52: Loan Against Property: Industry outlook

    Loan Against Property: Industry outlook Sector Outlook Chola’s Position • As per ICRA, NBFC retail expanded at 18% during FY25, • Chola’s LAP team continues to focus on retail Significantly declining from 29% growth in FY24. This customers especially in smaller towns and rural segment to grow at mod

53. Slide 53: Loan Against Property - Disbursements and Asset Under Management

    Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 46,302 * 43,943 9,336 4,842 4,226 8,170 * 34,824 * 32,135 702 759 4,705 4,630 39,717 41,460 4,295 3,874 34,121 31,376 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q

54. Slide 54: Loan Against Property – Income and Profit before tax

    Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 2,856 836 2,097 587 1,474 1,382 431 405 1,091 1,006 292 295 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 54

55. Slide 55: Loan Against Property – Asset Ratios

    Loan Against Property – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 5.7% 5.7% 5.8% 5.6% 5.8% 2.0% 1.9% 5.6% 1.8% 1.7% 1.7% 1.6% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.3% 0.3% 3.8% 3.8% 3.8

56. Slide 56: Profit and Loss Statement - Loan Against Property (Managed)

    Profit and Loss Statement - Loan Against Property (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 3,874 4,705 4,295 4,630 8% 8,170 9,336 14% Asset Under Management 32,135 43,943 34,824 46,302 33% 34,824 46,302 33% Income 1,00

57. Slide 57: LAP – Stage 3 Assets Trend

    } Chola Enier a better life LAP —Stage 3 Assets Trend Be murugappa 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 3/2276 2976 4.02% ss 4 88% 2.1496 3.37% 1.51% 1.85% 3.03% A707 2.43% 239% 225% 51. 202% 2.26% ats) ft) oa) ots) pag © 1.29%) (130%) |2.30%) |195%) |1a7%) [241% oats 15296 Sep-22 Dec-22 Mar-

58. Slide 58: Profit and Loss Statement – SBPL

    Profit and Loss Statement – SBPL ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 268 359 312 385 23% 580 744 28% Asset Under Management 1,618 2,671 1,863 2,932 57% 1,863 2,932 57% Income 98 165 115 180 56% 213 345 62% Finance Charges 2

59. Slide 59: Profit and Loss Statement – SME

    Profit and Loss Statement – SME ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 2,160 1,705 1,959 1,581 -19% 4,119 3,286 -20% Asset Under Management 5,576 7,119 5,877 7,544 28% 5,877 7,544 28% Income 164 213 180 240 33% 344 452 31% Fin

60. Slide 60: Consumer Ecosystem – CSEL, HL, CD & Gold

    Consumer Ecosytem – CSEL, HL, CD & Gold

61. Slide 61: Consumer Ecosystem - Q2 FY26 & H1 FY26 Performance

    Consumer Ecosystem - Q2 FY26 & H1 FY26 Performance Disbursements at Rs. 4,306 Cr in Q2 FY26 as compared to Rs. 5,411 Cr in Disbursements Q2 FY25 and at Rs. 8,216 Cr in H1 FY26 as compared to Rs. 10,675 Cr in H1 FY25. Asset under AUM has grown by 16% YoY. management Loss and Loan losses at 3.2% in Q2

62. Slide 62: Consumer Ecosystem - Disbursements and Asset Under Management

    Consumer Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *10,675 *34,813 *33,694 97 456 *30,067 3,601 *8,216 *27,474 567 19,399 20,405 *5,411 15,892 *5,264 3,461 14,565 *4,306 1,778 *3,910 1,823 7,075 1,764 1,697 4,188 12,909 14,199 14,175 13,95

63. Slide 63: Consumer Ecosystem – Income and Profit before tax

    Consumer Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 532 * 2,964 * 442 * 2,479 1,518 334 1,175 -16% * 264 * 268 401 * 1,464 * 1,500 * 222 * 220 * 1,307 * 1,172 729 789 163 171 617 182 558 219 1,303 1,434 201 613 734 690 699 101 100 98 67 31 Q1 FY25 Q1 FY26 Q2 FY25

64. Slide 64: Consumer Ecosystem – Asset Ratios

    Consumer Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 4.4% 4.3% 4.3% 4.3% 10.7% 10.7% 10.7% 4.2% 4.3% 10.2% 10.1% 10.1% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 3.2% 3.2% 3.2% 4.1%

65. Slide 65: Profit and Loss Statement – Consumer Ecosystem

    Profit and Loss Statement – Consumer Ecosystem ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2-o-Q2 H1-o-H1 Disbursements 5,264 3,910 5,411 4,306 -20% 10,675 8,216 -23% Asset Under Management 27,474 33,694 30,067 34,813 16% 30,067 34,813 16% Income 1,172 1,464 1,307

66. Slide 66: Home Loans

    Home Loans 66

67. Slide 67: Home Loans - Industry outlook

    Home Loans - Industry outlook Sector Outlook Chola’s Position • Moderation in business growth in FY2025 & Q1 FY2026 • Chola continues to expand its reach into smaller villages vis-à-vis FY2024 resulting in book growth by 21% YOY in and towns, focusing on the underpenetrated rural areas FY25 and Q1FY

68. Slide 68: Home Loans – Q2 FY26 & H1 FY26 Performance

    Home Loans – Q2 FY26 & H1 FY26 Performance Disbursements at Rs. 1,697 Cr in Q2 FY26 as compared to Rs. 1,823 Cr in Disbursements Q2 FY25 and at Rs. 3,461 Cr in H1 FY26 as compared to Rs. 3,601 Cr in H1 FY25. Asset under AUM has grown by 28% YoY. management Loss and Loan losses at 0.5% in Q2 FY26 as

69. Slide 69: Home Loans - Disbursements and Asset Under Management

    Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) -4% *20,405 *19,399 267 3,601 281 3,461 *15,892 *14,565 326 341 -1% -7% 19,117 20,138 1,764 1,823 1,697 15,566 14,224 1,778 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25

70. Slide 70: Home Loans - Income and Profit before tax

    Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 1,518 401 334 1,175 789 219 729 182 617 163 171 558 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 70

71. Slide 71: Home Loans – Asset Ratios

    Home Loans – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 8.8% 8.7% 8.7% 3.9% 3.8% 8.4% 3.8% 8.2% 3.5% 3.5% 3.5% 8.0% Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.6% 4.7% 4.6% 0.6% 4.5% 4.4% 4.1%

72. Slide 72: Profit and Loss Statement - Home Loans (Managed)

    Profit and Loss Statement - Home Loans (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Disbursements 1,778 1,764 1,823 1,697 -7% 3,601 3,461 -4% Asset Under Management 14,565 19,399 15,892 20,405 28% 15,892 20,405 28% Income 558 729 617 78

73. Slide 73: HL – Stage 3 Assets Trend

    gy Chola HL —Stage 3 Assets Trend Be Enter a better life murugappa 5.00% | 43 269, 49.44% 49.27% 50.00% 4.00% 09% 36.44% 34.77% 34.51% 40.00% 32.63% 31 45% 30.90% 29.22% ~~ 28.49% 28.09% 00% 30.00% 3. 2.53% wm 197% seass 188% | 20.00% 2.00% - 1.56% - 2.22% pak 155% 1.39% 1.38% hiss 1.22% 132% of — 1

74. Slide 74: Profit and Loss Statement – CSEL

    Profit and Loss Statement – CSEL ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2FY26 H1FY24 H1FY25 H1FY26 Q2-o-Q2 H1-o-H1 Disbursements 3,486 2,046 3,588 2,142 -40% 7,075 4,188 -41% Asset Under Management 12,909 14,199 14,175 13,952 -2% 14,175 13,952 -2% Income 613 734 690 699 1% 1,303

75. Slide 75: Funding Profile

    Funding Profile 75

76. Slide 76: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by instrument type * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 * 1,87,515 3% 3% 3% 2% 1% 2% 1% 1% 1% 2% 1% 3% 2% 1% 3% 5% 3% 3% 3% 2% 17% 15% 14% 16% 18% 6% 8% 7% 7% 6% 5% 6% 7% 7% 7% 11% 11% 11% 12% 11% 45% 46% 44% 44% 43% 5% 6% 6% 7% 6% Q2FY

77. Slide 77: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/II) ₹ Cr Borrowing mix by investor type * 1,57,794 * 1,67,076 * 1,74,946 * 1,81,304 * 1,87,515 5% 6% 7% 7% 6% 18% 17% 15% 14% 16% 0.3%2% 0.3% 2% 0.2% 2% 3% 0.3% 3% 7% 0.3% 6% 6% 8% 7% 53% 52% 52% 52% 51% 1% 1% 1% 1% 1% 6% 7% 7% 7% 6% 6% 5% 5% 6% 7% 3% 3% 3% 3% 3% Q2

78. Slide 78: ALM Statement as of 30th Sep 2025 (As per IND AS)

    ALM Statement as of 30th Sep 2025 (As per IND AS) ₹ Cr Particulars 1m >1 to 2m >2 to 3m >3 to 6m >6m to 1 yr >1 to 3 yr >3 to 5 yr >5 yr Total Cash & Bank Balances 4,319.66 641.84 3,156.49 1,866.39 1,991.91 2,324.05 1,163.73 1,526.49 16,990.55 Advances 6,188.13 5,766.64 5,249.76 17,983.53 30,847.13

79. Slide 79: CAR and Credit Rating

    CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 18.57 19.75 19.96 20.00 17.13 2.35 3.47 5.34 5.65 5.41 14.78 15.10 14.41 14.31 14.59 FY23 FY24 FY25 Q1FY26 Q2FY26 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Loan type India ratings Care ICRA Crisil

80. Slide 80: Consolidated Financials

    Consolidated Financials 80

81. Slide 81: Consolidated Profit & Loss

    Consolidated Profit & Loss ₹ Cr Growth % Growth % Particulars Q1FY25 Q1FY26 Q2FY25 Q2 FY26 H1 FY25 H1 FY26 Q2-o-Q2 H1-o-H1 Income 5,857 7,353 6,322 7,614 20% 12,179 14,967 23% Expenses 4,582 5,822 5,018 6,050 21% 9,600 11,872 24% PBT 1,275 1,531 1,304 1,564 20% 2,579 3,096 20% PAT 947 1,138 968 1,15

82. Slide 82: Risk Management

    Risk Management 82

83. Slide 83: Enterprise Risk Management strategy covers all aspects of risk

    Our Enterprise Risk Management strategy comprehensively covers all aspects of risk 1 Risk Vision Risk Pillars 2 3 4 5 6 7 Cyber & Capital & Regulatory & Key Credit Fraud Information Liquidity Compliance Emerging Risk Risk Security Risk Risk Risks Risk 7 Risk Organization 8 Risk Governance & Reportin

84. Slide 84: Best-in-class practices across all key risk areas (I/II)

    We have integrated best-in-class practices across all key risk areas (I/II) Category Key Highlights Risk vision • Risk Appetite Statement implemented as a strategic lever: Strong linkage to functions with 1 well-defined thresholds and robust governance mechanisms Capital & • Well-diversified source

85. Slide 85: Best-in-class practices across all key risk areas (II/II)

    We have integrated best-in-class practices across all key risk areas (II/II) Category Key Highlights Built/ deployed robust capabilities, processes and toolkits to manage growing cyber risks • Deployed Brand Monitoring to identify and protect against misuse of our brand across digital platforms • Ro

86. Slide 86: Capital & Liquidity risk | Well managed with judicious buffers

    Capital & Liquidity risk | Well managed with judicious buffers maintained consistently ALM: Stringent Internal thresholds Liquidity: LCR reported is 2.45 -2.0x of RBI mandate on average Distribution of reported LCR (Q2 FY25 – Q2 FY26) Chola internal Time bucket RBI​ thresholds thresholds RBI mandate

87. Slide 87: Capital & Liquidity risk | Sufficient Tier 1 capital

    Capital & Liquidity risk | Sufficient Tier 1 capital (₹Cr) Per regulatory guidance, NBFCs to Chola held 14.59% Total RWA as on 30th Sep’25 maintain at least of RWA as Tier I 10% of RWA as Tier I capital as on 30th 1,72,875 capital Sep’25 ~Rs 2000 Cr maintained as CCD as ~2000 part of Tier- 2 capital

88. Slide 88: Holistic risk management for credit risk mitigation

    Holistic risk management for credit risk mitigation Robust Business Decision Multi-faceted Proactive portfolio Matrix based on key criteria underwriting process monitoring at a customer level • Choosing right customer mix upfront for Input variables leveraged- • Rigorous non-starter/early default mo

89. Slide 89: Regulatory & compliance risk | Effective governance

    Regulatory & compliance risk | Effective governance augmented by a strong compliance function Governance & Compliance form the core of 20+ professionals every business and functional process with collective experience of 200+ years Strong ‘Compliance- first’ approach tone setting from the Board and

90. Slide 90: Regulatory & compliance risk | Robust compliance mechanisms

    Regulatory & compliance risk | Governance further strengthened by robust compliance mechanisms Regular Independent Audit Annual review and approval of all Committee meetings held key policies by the Board Specific focus on review of compliance of policies and processes Monthly concurrent Internal Di

91. Slide 91: Cyber risk | Regular monitoring & strong internal processes

    Cyber risk | Regular monitoring & strong internal processes to prevent, detect & mitigate cyber risk People Process Tools & Technology 1 • Well-equipped, adept team of security professionals to 3 Continued effort towards •5 Continuous expansion of suite of strengthening protocols tools to monitor th

92. Slide 92: Risk governance & reporting

    Risk governance & reporting | Clearly defined roles & responsibilities for effective corporate governance Organization structure setup to ensure effective governance Well-defined tracking mechanism & review cadence 1 RCSA (Risk control and self-assessment) conducted across • Oversee the entire risk

93. Slide 93: Information Technology

    Information Technology 93

94. Slide 94: Chola's overall technology focus spread across all layers

    Chola's overall technology focus spread across all layers Systems of Engagement Direct to Customer LOS CRM Partner Integration (GB, Chola One) Systems of Record Loan Customer Management Collections Accounting Treasury Database System Systems of Intelligence Other Core Areas Copyright © 2021 by Bosto

95. Slide 95: Capabilities built for digitization of Loan Origination System

    Organization-wide capabilities built for digitization of Loan Origination System (LOS) Loan Underwriting Sourcing Disbursement journey & Loan Sanction Integration with Partners / OEMs Third party validations Document digitization Validated KYC via golden sources Automated bureau checks E-Sign Digiti

96. Slide 96: Digital Collection Management System

    We have a comprehensive digital Collection Management System to manage end-to-end collection process Analytics Engine 1 (EWS) 10 Easy payment through Bitly link Allocation Rule Engine Customers 2 (Automatic allocation) 11 Real time view of MIS/reports 3 E-receipts (view/download) 12 Integrated conta

97. Slide 97: Chola One platform envisioned to be a super-app

    Chola One platform envisioned to be a super-app, a one-stop-shop for all our products, lead generation, VAS, customer service Organic Traffic One-stop shop for financial products One-stop shopPhase for financial 1 products (SEO) Lending Insurance & WM VAS • PL • LI • Credit CSEL Propensity • VF • HI

98. Slide 98: We are building an E2E integrated ecosystem for VF

    We are building an E2E integrated ecosystem for VF Monthly Avg. Used vehicle marketplace SEO Score1 Page authority Unique Users • Vehicle listing for selling (out of 100) (score out of 100) (site traffic) • Dealer info for buying 92 37 • GenAI Search 1.2M+ "Used truck" New vehicle discovery search r

99. Slide 99: Data and Analytics team across the customer journey

    Our Data and Analytics team works across the entire value chain of customer journey EWS Model UW Scorecards mo A cc torin ou g ni nt nt Credit assessme Roll-forward Model Risk-based pricing l Cross sel Bureau enrichment & S al es for DPD customers Pre-approved offer Propensity models CIBIL Alerts ge

100. Slide 100: Environmental Social Governance

     Environmental Social Governance 100

101. Slide 101: Consecutively awarded for last 6 years

     Consecutively awarded for last 6 years……. FY21 • FTSE Russell - Included in FTSE4 Good Index series FY22 • FTSE Russell - Reaffirmed as constituent of FTSE4Good Index Series in June 2021. • FTSE Russell - Reaffirmed as constituent FY23 of FTSE4Good Index Series in June 2022. • FTSE Russell - Reaffir

102. Slide 102: We Believe In Making A Positive Impact In The Society

     ESG POLICY We Believe In Making A Positive Impact In The Society Environmental Social Governance As an environmentally responsible To enable better opportunity for all, we The company has strong commitment company, we focus on sustainability and ensure financial inclusion of to values and ethical bu

103. Slide 103: ESG Vision & Mission

     ESG VISION & MISSION Our Vision Giving Back To The Society Is Our Primary Goal 103

104. Slide 104: ESG Governance Structure

     ESG Governance Structure Board – The final authority for all the major policy and sustainability reports related to ESG CSR Committee – This Committee comprises of Board Chairman, an independent Director and a non- executive Director to support and advise Board on the company’s policies, strategies

105. Slide 105: Chola ESG Rating and Ranking

     Chola ESG Rating and Ranking CSRhub S&P Sustainalytics higher score indicates lower risks higher score indicates lower risks lower rank indicates lower risk 52 40 26 50 34 24.9 50 35 25 24.7 30 24.1 48 30 24 46 45 25 19 23 20 16 44 43 22 21.6 15 42 21 10 40 5 20 38 0 19 FY 23 FY 24 FY 25 FY 22 FY 23

106. Slide 106: Key ESG metrics (BRSR) – improvement

     Key ESG metrics (BRSR) – improvement Chola – FY Chola – FY Pillar Metrics 25 24 Environment Renewable energy usage increased significantly 159 GJ 193.23 34.2 Environment Reduced Energy intensity per rupee of turnover 3.46 3.98 Environment Reduced Water intensity per rupee of turnover 22.88 27.94 Env

107. Slide 107: Social Responsibility Yearwise Thematic Allocation

     SOCIAL RESPONSIBILITY YEARWISE THEMATIC ALLOCATION (₹ Cr) 31 23 24 22 20 19 12 8 8 8 4 3 4 3 3 1 2 1 3 2 1 2 1 3 0.6 0.4 1 0.4 0.5 0.20.5 Others: Livelihood, Slum Development, 2021-22 2022-23 2023-24 2024-25 Disaster Relief, Senior Citizen Support 107 107

108. Slide 108: Contact us

     Contact us Cholamandalam Investment and Finance Company Limited (Chola), Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Our registered Chennai - 600032. office Toll free number: 1800-200-4565 (9 AM to 7 PM) Land Line: 044–4090 7172 http://www.cholamandalam.com Sujatha P- Chi

109. Slide 109: Disclaimer

     Disclaimer • Certain statements included in this presentation may be forward looking statements made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Cholamandalam Investment and Finance Company Ltd and its subsidiaries. There can

110. Slide 110: Thank You

     oS Chola a Enter a better life murugappa THANK YOU Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai - 600032. | Email: customercare@chola.murugappa.com | Website: www.cholamandalam.com Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company — Investor Presentation (September 2025) on 6ix