Fedbank Financial Services Ltd. · NSE:FEDFINA
Fedbank Financial Services — Q1 FY27 Earnings Presentation
42 slides from Fedbank Financial Services's earnings presentation, Jul 15, 2026
Slide 1: Cover letter to exchanges: Investor meet presentation
Secretarial Department July 15, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 SYMBOL - FEDFINA SCRIP CODE: 544027 Dear Sir/Madam, Sub.: Investor meet Presentation Re
Slide 2: Fedbank Financial Services Investor Presentation Q1 FY27
FEDBANK FINANCIAL SERVICES INVESTOR PRESENTATION Q1 FY27 EMPOWERING EMERGING INDIA WITH EASY ACCESS TO LOANS
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (‘Presentation”), which have been prepared by Fedbank Financial Services Limited or Fedfina (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subsc
Slide 4: Table Of Content
Table Of Content Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 5: Executive Summary: Q1 FY27
Executive Summary : Q1 FY27 Business ⮚ AUM grew 34.7% YoY to ₹21,136 Cr ⮚ Disbursals increased by 13.9% YoY to ₹6,760 Cr ⮚ Gold Loan AUM grew 76.7% YoY to ₹11,191 Cr ⮚ Net growth in Gold AUM of ₹838 Cr in this quarter ⮚ Mortgage AUM grew 14.5% YoY to ₹9,777 Cr Profitability ⮚ Net Interest Income for
Slide 6: Q1FY27 Result Summary
Q1FY27 Result Summary YoY QoQ ₹21,136 Cr ₹6,760 Cr ₹114.4 Cr ₹3,003 Cr 80.1 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 34.7% 4.9% 13.9% -42.1% 52.5% 13.8% 14.0% 2.6% 13.4% 2.4% 99.2% ₹14,696 Cr 20.7% 757 5,376 Secured AUM Borrowings1 CRAR Branches Employees3 315bps 29bps 4
Slide 7: Who we are
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 8: About Fedfina
About Fedfina Product Suite ➢ Parentage : Majority-owned by Federal Bank, with strong access to debt & equity. ➢ Vision : “Empowering Emerging India with Easy Access to Loans.” Gold Loan ➢ Target Segment: Catering to MSMEs with tailored loan solutions. ➢ Geographical Presence: Wider footprint across
Slide 9: Our Board of Directors
Our Board of Directors (as on June 30th 2026) Shyam Srinivasan K.V.S. Manian Harsh Dugar Sunil Gulati Non- Executive Chairman Nominee Director Nominee Director Independent Director Ramesh Sundararajan Sonal Dave Mona Bhide Muralidharan Rajamani Independent Director Independent Director Independent D
Slide 10: Management Team
Management Team Parvez Mulla MD & CEO C.V. Ganesh Vikram Rathi Anila Rajneesh Chief Financial Officer Chief Risk Officer Chief Human Resource Officer Jagadeesh Rao CBO - Gold Loan K Sureshkumar Shardul Kadam & Mortgage CBO – Mortgage Chief Transformation (Small Ticket) (Medium Ticket) Officer Chief
Slide 11: Shareholding Pattern
Shareholding Pattern Shareholding : 30th June 2026 Top Institutional Shareholders : 30th June 2026 Investor Details % Holding Federal Bank Ltd 60.7% Others 19.1% Nomura India Investment* 6.9% Bandhan Mutual Fund 3.2% FII 9.3% Unifi Capital (Blend II and BCAD) 2.1% Federal Bank 60.7% SBI Life Insuran
Slide 12: Our Growth Journey
Our Growth Journey FY22 – FY26 • AUM: ₹202 bn (FY26) • Branches: 757 (FY26) • Employees: 5,303 (FY26) Q1 FY27 FY20 – FY22 • AUM: ₹ 211 bn Credit Rating • Branches: 757 • AUM: ₹62 bn (FY22) upgraded to Long-term • Employees: 5,376 • Branches: 516 (FY22) AA+/Stable by FY17 – FY19 credit rating • Emplo
Slide 13: Our Vision & Values
Our Vision & Values Vision Empower Emerging India with Easy Access to Loans Values Execution Excellence People Focus Integrity Customer Centric ✓ Clear Objectives ✓ Empowerment ✓ Transparency ✓ Customer Goals ✓ Resource Optimization ✓ Development Opportunities ✓ Accountability ✓ Clear Communication
Slide 14: Market: Long runway for growth
Market Household credit to GDP ratio (%)1 Retail credit growth to continue 2 76 125 69 60 42 82 36 72 34 61 45 51 FY21 FY22 FY23 FY24 FY25 FY28P MSME Credit Addressable Market 3 Household Gold 3 INR 25 Tn Pledged with INR 92 Tn Financiers, 7% Unpledged, credit gap 93% Credit Gap Formal Sector Long r
Slide 15: Our Product Suite
Our Product Suite Mortgage Loans Category Gold Loans Medium Ticket LAP Small Ticket LAP and HL AUM 11,191 5,859 3,918 (₹Cr) (52.9%) (27.7%) (18.5%) (% of total) Avg. Ticket Size 2.3 75.2 15.2 (₹ Lakh) Disbursement (₹Cr) 6,087 529 144 (Origination Yield) (17.8^%) (12.0%) (15.1%) Average Origination 6
Slide 16: Our Customers
Our Customers Category Gold Loan Medium Ticket LAP Small Ticket LAP Customer Tailoring Biryani Restaurant Precision Tools Fabrication Unit Business Purchase additional sewing machine & Expansion and refurbishment Requirement Purchase of machinery renovate the shop of existing outlet Credit ▪ Collate
Slide 17: Our Footprints
Our Footprints Comprehensive Branch Network Branch & AUM Mix 757 17 167 25% Branches States 286 40% and UTs Branch AUM 13 1 Mix Mix 8 32 47 304 35% 34 32 136 South West North South West North 20 2 141 Branch Expansion 43 Gold Loan Co-Located MSME Hubs More than 70 branches 757 757 5 694 20-70 branch
Slide 18: Our Business
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 19: Disbursements & AUM
Disbursements & AUM ₹ Cr Gold Loan Non- Gold Loan CAGR: 43.2% Disbursements 11,665 31,410 921 3,084 8,606 753 6,760 18,788 5,933 13,579 4,186 5,205 673 28,326 649 10,744 10,748 760 4,202 7,853 7,470 3,312 14,602 5,284 6,087 1,955 4,445 7,436 9,377 5,515 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q2 FY26 Q3 FY
Slide 20: Disbursements
Disbursements ₹ Cr Gold Loan Medium Ticket LAP Small Ticket LAP & HL 28,326 2,303 1,475 2,180 1,102 1,004 1,359 904 14,602 765 1,091 9,377 7,436 518 5,515 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 10,744 632 554 545 289 529 7,853 449 200 206 208 6,087
Slide 21: Gold Loan: Key Metrics
Gold Loan : Key Metrics AUM Per Branch (₹Cr) Gold Tonnage Growth: 13.5% 17.7 12.6 12.7 16.5 13.0 12.4 13.3 11.2 11.1 11.2 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Number of Gold Branches Portfolio LTV 628 632 67.9% 594 63.7% 61.7% 60.9% 543 59.3% 486 Q1 FY26 Q2 FY26 Q3 F
Slide 22: RBI Gold Loan Framework: Key Structural Reforms
RBI Gold Loan Framework: Key Structural Reforms Strengthening underwriting, enhancing customer protection and enabling sustainable industry growth. GRADED LTV & BULLET REPAYMENT CAPACITY CO-LENDING BRANCH EXPANSION 2 LOAN NORMS ASSESSMENT FRAMEWORK LIBERALISATION Exposure Based Maximum LTV ➢ Repay c
Slide 23: Geographical AUM Mix
Geographical AUM Mix Gold Loan Mortgage Loan 9% 6% 9% 13% 17% 17% 14% 19% 20% 20% 19% 24% 30% 31% 27% 28% 29% 32% 29% 38% 30% 43% 25% 44% 44% 44% 23% 24% 63% 66% 62% 55% 56% 52% 50% 45% 47% 46% 40% 37% 36% 36% FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY27 South West Nor
Slide 24: Yields, CoB and Spreads
Yields, CoB and Spreads Spreads Yields Cost of Borrowings Spreads Yields Cost of Borrowings 16.7% 17.1% 16.7% 17.0% 16.8% 16.8% 16.0% 16.1% 16.2% 16.4% 8.6% 9.0% 8.1% 8.5% 8.4% 7.8% 7.8% 7.8% 7.8% 7.7% 8.2% 8.3% 8.2% 8.6% 8.7% 9.0% 9.0% 8.6% 8.1% 7.7% FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY26 Q2 FY26 Q3
Slide 25: Off-book
Off-book ₹ Cr AUM AUF Off Book % Product Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Mortgage 8,539 9,362 9,777 5,995 6,302 6,714 29.8% 32.7% 31.3% Gold Loan 6,332 10,352 11,191 5,184 7,919 9,473 18.1% 23.5% 15.3% Business Loan 618 218 167 270 62 48 56.4% 71.6% 71.1% Tota
Slide 26: Quality of the Book
Quality of the Book ~78% Mortgage AUM with CIBIL >7001 Medium Ticket LAP Small Ticket LAP & HL Business Loan 3%2% 9% 5% 12% 7% 15% 69% 83% 95% >700 650-700 <650 0/-1 >700 650-700 <650 0/-1 >700 <=700 Granular loan book with high quality collateral 99.2% 81.8% ₹ 38.0 Lakh AUM secured collateral Mortg
Slide 27: Portfolio Quality Indicators (1/2)
Portfolio Quality Indicators (1/2) Stage I Stage II Stage III 94.0% 96.0% 95.8% 4.0% 2.0% 1.9% 2.7% 1.6% 2.2% Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Gold and Mortgage Stage III PCR Net Stage III Gold Mortgage 38.3% 38.4% 3.8% 32.3% 3.4% 3.4% 1.2% 1.3% 1.0% 0.3% 0.2%
Slide 28: Portfolio Quality Indicators (2/2)
Portfolio Quality Indicators (2/2) ₹ Cr Q1FY27 Gross Stage III % Net Stage III % Particulars Gross Stage Net AUF PCR (%) Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 III Stage III Mortgage 6,714 227.1 144.4 36.4% 3.4% 3.8% 3.4% 1.9% 2.1% 2.2% Gold Loan 9,473 11.2 8.8 21.3% 0.3% 0.2% 0.1% 0.2% 0.1
Slide 29: Expected Credit Loss
Expected Credit Loss ₹ Cr Particulars Q1 FY26*^ Q4 FY26*^ Q1 FY27 Gross Stage 1 Assets 10,985 13,921 15,549 % of total loan assets 94.0% 96.0% 95.8% ECL provision 60.7 66.6 52.8 ECL provision % of assets 0.31% 0.35% 0.34% Gross Stage 2 Assets 472 313 436 % of total loan assets 4.0% 2.2% 2.7% ECL pro
Slide 30: Funding Profile and ALM Position
Funding PortfolioProfile Quality Indicators Funding Profile ALM Position as on 30th June 2026 Daily Average Cost of (Cumulative) ₹ Cr 7% Borrowing* 3,021 8% 8.56% < 3 months 8.19% 423 7.87% 7.83% 7.80% 2,598 5% 40% 4,218 < 6 months 570 12% 3,648 13,363 < 1 year 7,338 14% 6,025 14% 15,542 Term Loans
Slide 31: Financial Performance
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 32: Financials
Financials ₹ Cr Particulars Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY FY 26 Operational Information Branches (#) 668 757 757 0.0% 13.3% 757 Disbursements 5,933 11,665 6,760 -42.1% 13.9% 31,410 AUM 15,697 20,153 21,136 4.9% 34.7% 20,153 Employees (#) 4,797 5,303 5,376 1.4% 12.1% 5,303 Financial Information Net
Slide 33: Balance Sheet
Balance Sheet ₹ Cr Balance Sheet Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY FY 26 Assets Cash & Cash Equivalents & Other bank Balance 830 1391 919 1391 Loans 11,504 14,319 16,015 14,319 Investments 485 402 524 402 Other Financial Assets & Receivables 177 452 458 452 Non-Financial Assets 261 311 330 311 Total A
Slide 34: Profit & Loss Statement
Profit & Loss Statement ₹ Cr Profit & Loss Statement Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY FY 26 Interest Income 491.6 582.1 657.4 2101.6 Interest Expenses 218.0 239.4 272.7 879.3 Net Interest Income (Core) 273.6 342.7 384.8 12.3% 40.6% 1222.3 Net Gain on Direct Assignment -5.5 6.1 -12.9 7.4 Net Interest
Slide 35: RoA Tree
RoA Tree RoA Tree Q1 FY26 Q4 FY26 Q1 FY27 FY 26 Interest Income / Average total assets 14.8% 14.9% 15.0% 15.0% Interest Expenses / Average total assets 6.6% 6.1% 6.2% 6.3% Net Interest Income (Core) / Average total assets 8.3% 8.8% 8.8% 8.7% Net Gain on DA / Average total Assets -0.2% 0.2% -0.3% 0.1
Slide 36: Technology, Digital, ESG & CSR
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 37: Technology Landscape
Technology Landscape Origination Underwriting Loan Operations Customer Service • Seamless API integration between core system & 3rd party partners –multi • Ubiquitous presence in digital universe - • Fully Integrated API stack : OCR, KYC • Cloud based Loan Origination System bureau, E-nach , penny d
Slide 38: Digital Landscape
Digital Landscape Fedfina Loans Fedfina Lite Fedfina Collect 14 Lakh+ Downloads 88%+ Digital Registrations 61%+ Digital Payments Customer Acquisition & Employee Productivity Collection Management Servicing Well established digital presence 37
Slide 39: ESG
ESG ESG : Framework ESG : Purpose Create substantial and profound impact by actively promoting and nurturing a sustainable culture within the workplace, fostering a sense of care and support for employees and undertake initiatives to develop sustainable communities and protect the environment ESG Po
Slide 40: Making a Change: Nation Skill Building
Making a Change Nation Skill Building As part of our Corporate Social Responsibility (CSR) commitment, FEDFINA is proud to launch a transformative initiative focused on skilling the next generation of finance professionals. This program is designed to equip apprentices with industry-relevant skills
Slide 41: Making a Change: No More Chemo Celebration
Making a Change “No More Chemo” Celebration As part of our Corporate Social Responsibility (CSR) commitment, FEDFINA proudly participated in the “No More Chemo” Celebration, an initiative dedicated to celebrating the courage and resilience of children who successfully completed their cancer treatmen
Slide 42: Thank You
THANK YOU investor@fedfina.com www.fedfina.com
Fedbank Financial Services — Q1 FY27 Earnings Presentation on 6ix