Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q2 FY2026 Earnings Presentation
42 slides from Esaf Small Finance Bank's earnings presentation, Nov 11, 2025
Slide 1: Stock exchange filing letter for investor presentation
Ref No: 9/SE/CS/NOV/2025-26 Date: November 11, 2025 To, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E),
Slide 2: Investor Presentation | Q2 FY 2026
Investor Presentation | Q2 FY 2026 November 2025
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ESAF Small Finance Bank Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Business Snapshot
Business Snapshot Operational Advance Profile Deposit Profile Financials Profit/(Loss) After Tax 24 States and 2 UTs Gross Advances Deposits H1 FY26 : ₹ (197) cr 8,427 Total Customer Touch ₹ 19,137 cr (YoY Growth: 4.3%) ₹ 22,894 cr (YoY Growth: 5.9%) FY25 : ₹ (521) cr Micro Loans: 39% CASA Pre-Provi
Slide 5: Advances
Advances
Slide 6: Total Gross Advances Mix
Total Gross Advances Mix Total Gross Advances Mix (₹ Crs) 24.3 23.8 23.9 23.1 24.3 • Total Gross Advances grew by 4.3% on 18,340 18,291 18,779 18,224 19,137 Y-o-Y basis and 5.0% on Q-o-Q basis 1,049 1,020 293 1,004 388 1,017 435 1,001 498 576 • Strategic shift towards a secured Loan 1,032 846 1,134
Slide 7: Total Disbursement Mix
Total Disbursement Mix Total Disbursement Mix (₹ Crs) Secured & Unsecured Mix in Disbursement (%) 5.4 7.2 8.7 9.8 11.3 242 163 88 163 90 65 110 85 190 82 169 76 118 69 155 150 120 6,518 99 (82%) 129 6,289 258 4,946 3,451 (90%) 31 (85%) 2,025 (76%) 24 (69%) 18 397 15 290 353 411 10 341 1,505 (69%) 1,
Slide 8: Advances Profile
Advances Profile Yield on Average Ticket Credit Cost (%) *# September-2025 Disbursements Size Agricultural Loans 13.8% ~90,000 9.3 7.6 MSME Loans 10.9% ~2,10,000 7.5 5.6 Loans to financial institutions 10.9% ~9,70,00,000 5.3 Auto Loans 12.1% ~6,30,000 Gold Loans 13.8% ~3,30,000 Retail Loans 10.1% ~3
Slide 9: Asset Quality
Asset Quality
Slide 10: Asset Quality
Asset Quality GNPA & NNPA (%) PCR (%) 8.5 7.5 7.0 6.9 6.9 78.6 80.5 73.7 73.2 74.4 3.8 3.8 3.0 2.9 2.9 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 GNPA NNPA NPA Movement (₹ Crs) Description Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Opening balance of Gross NPAs at the beginning of
Slide 11: Product wise NPA & Special Mention Accounts
Product wise NPA & Special Mention Accounts Gold Loans (₹ Crs) - NPA Micro Loans (₹ Crs) - NPA Retail & Other Loans (₹ Crs) - NPA 1,421 1,147 1,127 1,125 1,157 190 193 146 31 31 116 101 20 20 17 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26
Slide 12: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 45.0% 40.6% 37.5% 34.3% 33.3% 26,646 26,747 27,178 26,703 27,129 23.2 22.7 22.7 22.4 21.8 19.6 18.7 18.4 17.6 16.9 12,002 10,873 10,203 9,154 9,042 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26
Slide 13: Deposits
Deposits
Slide 14: Deposit Profile (1/2)
Deposit Profile (1/2) Total deposits (₹ Crs) CASA and Term Deposit (₹ Crs) 24.6% 24.9% 24.8% 24.8% 26.4% 23,276 17,493 22,698 22,894 16,823 17,070 16,848 22,415 16,294 21,613 5,592 5,783 5,628 6,046 5,319 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Term Deposits CASA CASA %
Slide 15: Deposit Profile (2/2)
Deposit Profile (2/2) Cost of Funds (%) Funding Mix (September-25) 1.0% 7.6 7.6 7.6 6.0% 8.0% 7.4 7.5 7.5 7.5 7.3 7.3 7.2 84.0% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Cost of Funds Cost of Deposits Deposits Borrowings Shareholder Funds Other Liabilities Retail share of deposits (₹ Crs) State Wise Deposi
Slide 16: Key Financial Metrics
Key Financial Metrics 15
Slide 17: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 195 540 487 436 141 145 378 364 112 97 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 143 127 125 91 93 117 101 -81 82 -116 4
Slide 18: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 19.7 81.7 19.0 77.9 78.2 17.6 74.7 75.9 16.2 16.0 8.6 7.7 6.9 6.0 5.9 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Yield on Advances NIMs ROA* (%) ROE* (%) -0.9 -10.3 -1.2 -1.5 -17.1 -1.7 -19 -1.9 -21.3 -22.77 Q2FY25 Q
Slide 19: Profit & Loss Statement – Q2 and H1 FY26
Profit & Loss Statement – Q2 and H1 FY26 Particulars (₹ Crs) Q2FY26 Q2FY25 Y-o-Y Q1FY26 Q-o-Q H1FY26 H1FY25 Y-o-Y Interest Income 819.82 995.28 -17.6% 828.23 -1.0% 1,648.05 2,017.62 -18.3% Interest Expense 455.77 456.06 -0.1% 450.36 1.2% 906.12 890.17 1.8% Net Interest Income 364.05 539.22 -32.5% 37
Slide 20: Balance Sheet
Balance Sheet Particulars (₹ Crs) Sep-25 Mar-25 Mar-24 Mar-23 CAPITAL AND LIABILITIES Capital 515.51 515.43 514.78 449.47 Employee Stock Option Outstanding 5.20 4.04 5.68 5.88 Reserves and Surplus 1,232.99 1,429.58 1,971.33 1,259.66 Deposits 22,894.07 23,276.44 19,867.80 14,665.63 Borrowings 2,112.8
Slide 21: Company Overview
Company Overview
Slide 22: A social business driven by providing “Joy of Banking” to customers
A social business driven by providing “Joy of Banking” to customers Vision Mission "To be India’s leading social bank that offers ESAF Small Finance Bank, promoted by Dr. Kadambelil Paul Thomas and ESAF "To provide responsive banking services to Financial Holdings, began operations on March 10, 2017
Slide 23: Shareholding Structure
Shareholding Structure Structure as on June 30, 2025 Distribution as on September 30, 2025 Kadambelil Paul ESAF Financial Holdings Private Thomas Limited 0.2% Dia Vikas* 6.05% 52.88% 19.99% 5.3% 5.0% ESMACO ESAF Small Finance Bank 74.03% 26.2% 63.3% Others1 5.98% Other Shareholders ESMACO & Others 2
Slide 24: Pan India Presence
Pan India Presence ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Split of banking outlets across locations Footprint in Rural & Semi-urban 10% 11% 53% Customers in rural and semi- 1 1 urban areas 6 6 11 58% 21% 11 15 15 2 6 2 69% Banking outlets in rural and 3 semi-urban
Slide 25: Journey So Far
Journey So Far 2024 2025 • Operationalisation of Authorised Dealer Category 1 Licence (Foreign Exchange operations) • Presented with the Most Sustainable Companies Award in BFSI at BT India’s • Tied up with Edelweiss Life Insurance to broaden the range of insurance products Most Sustainable Companie
Slide 26: Our Product & Services
Our Product & Services Agri-Lending MSME Micro Banking Retail Assets Retail Liability Agri-Lending Products MSME Micro Banking Retail Assets Retail Liabilities • ESAF Dairy Development • TReDS (Trade Receivables • Microfinance Loans • Dream Housing Loans • Current Accounts Loan Electronic Discountin
Slide 27: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Banking Outlets Digital Banking o Provision for full-fledged o Multiple channels for servicing the banking product & services o Application (compatible with Android customers in an efficient manner o Branch Operations and iOS) that connects with the National o Customer
Slide 28: Technology Driven Model With An Advanced Digital Technology Platform
Technology Driven Model With An Advanced Digital Technology Platform ESAF SFB has continuously worked towards improving its customers’ experience through the use of technology. Such initiatives have enabled the Bank to deliver improved customer service in a cost-effective manner DIGITAL MEASURES DIG
Slide 29: Clearly Articulated Strategy
Clearly Articulated Strategy 1 Increase Deposits 2 Increase Advances 3 Deeper Penetration o Target new & existing customers for o Micro Loan Business: o Open additional Branches, ATMs CASA, fixed deposits and recurring • Cross selling and up-selling to its customer base along with engaging existing
Slide 30: Sustainability & ESG Performance – ESAF SFB’s social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy The Bank received ISO 26000:2010 certification during FY 23-24. It is a recognition for the ESAF BANK ENVIRONMENT Bank’s range of inclusive financial services for social and environmental resilience and returns WEEK 2025 to indiv
Slide 31: Highlights of the study reports for improving ESG materiality
Highlights of the study reports for improving ESG materiality Automation of Internal systems has made a positive impact on Paper reduction and related environmental impact through E Sign environment with improved Governance and Employee Productivity SAVED
Slide 32: Annexures
Annexures
Slide 33: Key Financial Metrics
Key Financial Metrics Gross Advances (₹ Crs) Disbursements (₹ Crs) 19,137 20,983 18,772 18,779 17,013 16,607 14,118 14,691 12,131 11,945 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 Total Deposits (₹ Crs) CASA & Term Deposits (₹ Crs) 23,276 22,894 17,493 16,848 19,868 15,366 14,666 11,529 1
Slide 34: Key Financial Metrics
Key Financial Metrics ROA* (%) NIM* (%) 1.9 11.0 1.6 10.4 8.9 8.0 0.4 5.9 -1.5 -1.9 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 ROE* (%) Cost to Income (%) 19.4 20.3 77.9 79.8 4.1 63.7 57.9 58.6 -22.8 -21.3 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 *Annualized & Cumulative 33
Slide 35: Key Financial Metrics
Key Financial Metrics GNPA (%) NNPA (%) 8.5 7.8 6.9 3.9 3.8 2.9 4.8 2.3 2.5 1.1 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 PCR (%) CRAR (%) 80.5 74.4 23.3 21.8 22.4 65.2 59.4 19.8 56.7 18.6 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 34
Slide 36: Key Financial Metrics
Key Financial Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 2,370 467 2,052 442 1,836 288 1,147 922 208 127 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 1,163 426 302 894 105 55 557 492 417 FY22 FY23 FY24 FY
Slide 37: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) FY25 FY24 FY23 FY22 Interest Income 3,862 3,818 2,854 1,940 Interest Expense 1,811 1,449 1,017 793 Net Interest Income 2,052 2,370 1,836 1,147 Other Income 467 442 288 208 Net Total Income 2,519 2,812 2,124 1,355 Employee Benefits Expense 660 363 278 232 D
Slide 38: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravimohan Periyakavil Ramakrishnan Kadambelil Paul Thomas George Kalaparambil John Part time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer Executive Director o Bachelor’s and master’s degree in science f
Slide 39: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravi Venkatraman Thomas Jacob Kalappila Vinod Vijayalekshmi Vasudevan Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director o Associate member of the Institute of Chartered Accountants of India o Fe
Slide 40: Experienced Management Team
Experienced Management Team Supported by a highly experienced team of qualified & experienced professionals Name & Designation Education Prior Associations George Thomas o Senior agriculture officer (assistant director agriculture) - Department o Master’s degree of science in ecology & environment f
Slide 41: Awards & Recognitions
Awards & Recognitions 2020 2021 2022 2023 2024 2025 o Outstanding Achievement Award o Secured the “Most Impactful o ‘Global Sustainability Award o Semi Finalist at the SKOCH o ‘Small Finance Bank of the o ‘Excellence in Customer at the Outreach Programme Solar Energy Initiative of the 2020’ for outs
Slide 42: Company and Investor Relations Contacts
COMPANY : ESAF Small Finance Bank Limited Mr. Ranjith Raj P investor.relations@esafbank.com Email: investor.relations@esafbank.com www.esafbank.com Website: www.esafbank.com CIN : L65990KL2016PLC045669 INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets,
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