Laxmi India Finance Limited · NSE:LAXMIINDIA
Laxmi India Finance — Q4 FY26 Earnings Presentation
47 slides from Laxmi India Finance's earnings presentation, May 13, 2026
Slide 1: Exchange filing cover letter
Ref. No.: LIFL/SLC/2026-27/14 Date: May 13, 2026 To, To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block G, Mumbai – 400 001(Maharashtra) Bandra Kurla Complex, Bandra (
Slide 2: Q4 and FY26 Investor Presentation
LAXMI INDIA FINANCE LIMITED “Sapne dekho bade dekho, Hamare sath unhe pura hote dekho” Q4 and FY26 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in re spect of Laxmi India Finance Limited ("Company") together with its subsidiaries, as applicable (together, with the Company, the "Group") only, without re gard to any specific objectives, suitability, financial situ
Slide 4: Table of Content
Table of Content 01 Q4 and FY26 Financial & Operational Highlights 02 Strategic Priorities & Competitive Strengths 03 Business Model & Operating Engine 04 Technology, Credit & Collections 05 Customer & Product Profile 06 Governance, Management & Capital Confidence
Slide 5: Q4 and FY26 Financial & Operational Highlights
Q4 and FY26 Financial & Operational Highlights
Slide 6: FY26 Operational and Financial Snapshot
FY26 Operational and Financial Snapshot Assets Under Management Profit Before Tax (PBT) Return On Net 176 Branches (AUM) 39.47% Worth YoY + 18 ₹ 66.05 Cr. ₹ 1,626.26 Cr. (Mar’25: ₹ 47.36 Cr.) Profit After Tax (PAT) 13.73% Uttar Pradesh 27.35% 38.33% Rajasthan (Mar’25: ₹ 1,277.02 Cr.) ₹ 49.68 Cr. (Ma
Slide 7: Consistent NII and PAT Growth Trajectory
Consistent NII and PAT Growth Trajectory Revenue (In Cr.) Net Interest Income (NII) (In Cr.) 319.60 161.78 248.04 116.69 176.22 129.50 82.59 61.92 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Operating Expense (In Cr.) Profit After Tax (PAT) (In Cr.) 102.15 49.68 74.16 35.91 60.39 44.09 22.47 15.46 FY23
Slide 8: Strong Scale-Up Across AUM, Customers and Network
Strong Scale-Up Across AUM, Customers and Network AUM (In Cr.) Disbursement (In Cr.) 1,626.26 821.44 718.53 1,277.02 525.40 961.37 686.77 343.31 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Customer Base Branch Network 42,809 176 158 35,568 135 119 23,906 16,851 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 7
Slide 9: NIM and Spreads Expand on Better Pricing Discipline
NIM and Spreads Expand on Better Pricing Discipline NIM (In %) Yield on Avg. Portfolio (In %) 11.26 21.77 21.31 21.30 10.47 20.85 10.25 10.14 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Avg. Cost of Borrowings (In %) Spreads (In %) 12.42 10.50 10.29 11.98 11.48 10.80 8.89 8.87 FY23 FY24 FY25 FY26 FY23 F
Slide 10: Strong Liquidity Position with Stable Return Metrics
Strong Liquidity Position with Stable Return Metrics Liquidity (In Cr.) Net Worth (In Cr.) 178.62 185.64 465.47 140.98 257.89 79.68 201.78 152.75 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Return on Total Assets (In %) Return on Avg. Net Worth (In %) 2.98 3.08 15.62 2.52 13.71 13.73 2.29 11.43 FY23 FY2
Slide 11: Well Positioned to Capture Future Growth…
Well Positioned to Capture Future Growth… Debt Equity Ratio Interest Coverage Ratio 1.48 4.41 4.10 3.87 1.41 2.87 1.35 1.31 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Capital Adequacy Ratio (In %) 26.12 23.10 21.88 20.80 FY23 FY24 FY25 FY26 10
Slide 12: Asset Quality Update
Asset Quality Update Credit Cost (In Cr.) Credit Cost (In %) 14.05 11.89 1.20 1.06 2.38 0.32 0.28 1.64 1.95 0.18 FY23 FY24 FY25 With Without FY23 FY24 FY25 With Without Up-Money Up-Money Up-Money Up-Money Default Default Default Default FY26 FY26 GNPA (In %) NNPA (In %) 2.13 1.08 1.07 0.48 0.53 0.72
Slide 13: Stage Wise Movement of Loans
Stage Wise Movement of Loans Amount in Crores Stage Wise Movement as on 31 st March 2026 Stage Wise Movement as on 31 st March 2025 Particulars Stage 1 Stage 2 Stage 3 Total Particulars Stage 1 Stage 2 Stage 3 Total Gross carrying amount Gross carrying amount as at 1086.47 41.59 12.18 1140.24 780.14
Slide 14: ALM Position as on 31st March 2026
ALM Position as on 31st March 2026 Am oun t in Crores Surplus 109.92 126.21 138.70 162.99 409.93 2,000.00 1,817.78 1,817.78 1,800.00 1,762.52 1,600.00 1,405.01 1,400.00 1,352.59 1,242.02 1,200.00 1,000.00 800.00 699.80 600.00 561.10 401.37 400.00 258.68 275.16 200.00 148.76 - upto 3 months upto 6 mo
Slide 15: Diversified and Scalable Borrowing Profile
Diversified and Scalable Borrowing Profile Borrowing Mix Incremental Borrowing Mix During FY26 7.05% 0.34% 4.30% 20.41% 23.41% 31.17% 27.32% 25.75% 14.82% 14.05% 31.37% PSB's Bank's Small Finance Bank NBFC/FI's NCD DA/BC/CL PSB's Bank's Small Finance Bank NBFC/FI's Cash Credit 14
Slide 16: Profit & Loss Statement
Profit & Loss Statement Amount in Crores Particulars Q4FY26 Q4FY25 Y-o-Y (%) Q3FY26 Q-o-Q (%) FY26 FY25 YoY (%) Interest Earned 88.37 71.93 22.85% 71.99 22.75% 299.12 231.31 29.32% Interest Expenses 36.25 31.67 14.48% 34.03 6.52% 137.34 114.63 19.81% Net Interest Income 52.11 40.26 29.43% 37.95 37.3
Slide 17: Balance Sheet Statement
Balance Sheet Statement Amount in Crores Particulars Q4FY26 Q4FY25 YoY (%) Q3FY26 QoQ (%) Paid-up Equity 26.13 20.91 25.00% 26.13 0.00% Reserves and Surplus 439.34 236.98 85.39% 419.03 4.85% Total Equity 465.47 257.89 80.49% 445.17 4.56% Borrowings 1275.75 1109.68 14.97% 1,180.87 8.03% Debt Securiti
Slide 18: Strategic Priorities & Competitive Strengths
Strategic Priorities & Competitive Strengths
Slide 19: Strategic Priorities (Medium-Term Focus)
Strategic Priorities (Medium-Term Focus) Operating Leverage & Profitability Diversified Borrowing & Optimisation of leverage to structurally Liability Strategy improve returns, with a targeted ROA of 3.50% Diversification of borrowing profile by - 3.75% and ROE of 13.50% - 14.00%, driven by explorin
Slide 20: WHY US?
WHY US? Digital – First Operations 01 110+ tech tools incl. Tab – based LOS, Synofin LMS/LOS, Synno CRM; reduced TAT, automated workflows, CKYC, and NPA Management. Laxmi Mitra referral App 02 This app enables real - time tracking and minimal acquisition cost. Experienced Team 03 1,800+ employees wi
Slide 21: Business Model & Operating Engine
Business Model & Operating Engine
Slide 22: Company Overview and Operating Footprint
Company Overview and Operating Footprint Today – 176 Branches across Rajasthan, Gujarat, MP, Chhattisgarh, UP & 2011 - Acquired RBI- Maharashtra; serving rural, Diverse Portfolio semi-urban & urban markets. Secured MSME/SME Loans, Mortgage registered NBFC Loans, Business Loans, LAP, Personal Loans,
Slide 23: Consistent Scale-Up Across AUM, Profitability and Footprint
Consistent Scale-Up Across AUM, Profitability and Footprint Crossed AUM of ₹ Branch Network Crossed AUM of ₹ External credit Upgrade in external Branch network Forayed in new AUM crossed Successfully completed IPO 200 Cr. crossed to 65 400 Cr. Rating “BBB+” credit rating to “A-” crossed 100. geograp
Slide 24: Branch-Led, Relationship-Driven Operating Model
Branch-Led, Relationship-Driven Operating Model Distribution at Scale 01 o 176 touchpoints across Tier II & III markets COLLECTION CENTRE o Deep presence in rural & semi-urban India o Cluster-based branch expansion model Village-level points for deposits and collections Focused Customer Segments 02
Slide 25: Unique Strengths & Differentiated Advantages (USP)
Unique Strengths & Differentiated Advantages (USP) Branch-Led, Relationship - Driven Model 01 Deep presence across Tier II & III markets with branch-embedded Relationship Managers driving sourcing, underwriting, and collections, resulting in superior customer connect and asset quality. Technology -
Slide 26: Technology, Credit & Collections
Technology, Credit & Collections
Slide 27: End-to-End Digital Platform Powering Scalable Lending
End-to-End Digital Platform Powering Scalable Lending 01 02 03 04 05 06 Lead Customer Credit Pre - Loan Loan Generation Onboarding Underwriting Disbursal Disbursal servicing Tab/ Mobile based OKYC/EKYC. Personal discussion E-Nach Digital disbursal Customer App ; CRM sourcing by FOS with customer E-S
Slide 28: Customer Acquisition Model Anchored in Local Presence
Customer Acquisition Model Anchored in Local Presence Branch Led Sourcing Relationship Driven Local Sourcing Semi - Urban Origination Advantage Branch Model Loan origination is primarily driven Dedicated Relationship Managers Deep understanding of local Cluster-based expansion in through a wide bran
Slide 29: Conservative and Structured Credit Appraisal Framework
Conservative and Structured Credit Appraisal Framework Product selection 01 Experience of more than a decade in AFC market Conservative Documentation and Field Verification 02 Neighbourhood and reference checks; Strict scrutiny of KYC, collateral and vehicle/property documents Credit Infrastructure
Slide 30: Structured MSME Credit Assessment and Approval Framework
Structured MSME Credit Assessment and Approval Framework Property & Collateral Verification Source of equity Sector • CM/BM visit to residence and business premises Seasonality CIBIL Score • Independent valuation, legal title check and CERSAI registration LTV* Business Margin IRR* 3rd Party check 01
Slide 31: End-to-End Credit Appraisal Process for Vehicle Finance
End-to-End Credit Appraisal Process for Vehicle Finance Field Branch Head Office Lead Generated FOS evaluates suitability of lead as per Telephonic Review (TVR) from Head Office (HO) : Bureau Check Field Investigations Valuation the product policy of the company Fixed Obligation ; Vehicle Details ;
Slide 32: Asset Quality Supported by Branch-Led Collections Framework
Asset Quality Supported by Branch-Led Collections Framework Field-Intensive, Branch-Led Collections 01 o High branch density in core markets o Frequent on-ground borrower engagement o Relationship-based recovery & early warning identification Provisioning Coverage Snapshot Early Delinquency Detectio
Slide 33: Customer & Product Profile
Customer & Product Profile
Slide 34: Core Customer Segments And Target Profiles
Core Customer Segments And Target Profiles Salaried Self-employed MSME Vehicle Segment Business Owners Customers Owners Salaried professionals in Tier II Traders and service providers Micro-enterprises and SHGs in Income-generating & Tier III cities, including in Tier II & III cities semi-urban & ru
Slide 35: Diversified Lending Profile
Diversified Lending Profile MSME Prime Commercial Vehicle Two - Wheeler Business Loan Loan Ticket Size: Above 25 Lakhs to ₹ 50 Ticket Size: up to ₹ 1.5 lakhs Ticket Size: up to ₹ 15 lakhs Ticket Size: up to ₹ 1 0 lakhs Lakhs Purpose: Business development, Purpose: Personal Use Purpose: Transportatio
Slide 36: Vertical Wise AUM Split
Vertical Wise AUM Split AUM (In Cr.) 1298.68 980.33 720.55 534.74 176.44 205.88 145.82 94.98 5.32 43.18 9.68 53.47 62.15 85.61 51.73 10.91 52.97 0.00 0.00 18.98 FY 23 FY 24 FY 25 FY 26 MSME Construction & LAP Vehicle Wholesale Personal Loan 35
Slide 37: Governance, Management & Capital Confidence
Governance, Management & Capital Confidence
Slide 38: Promoter Profile and Leadership Overview
Promoter Profile and Leadership Overview “ “ Mr. Deepak Baid Managing Director 37
Slide 39: Promoter Profile and Leadership Overview
Promoter Profile and Leadership Overview Mrs. Aneesha Baid Mrs. Prem Devi Baid Whole Time Director Whole Time Director 38
Slide 40: Independent Directors
Independent Directors Mr. Anil Patwardhan Mr. Brij Mohan Sharma Mr. Surendra Mehta Mr. Kalyanaraman Chandra Choodan (Independent Director) (Independent Director) (Independent Director) (Independent Director) 39
Slide 41: Experienced Senior Management Team (1/2)
Experienced Senior Management Team (1/2) Mr. Gopal Krishan Sain Mr. Rohit Mathur Chief Financial Officer National Credit Manager Experience : 12+ years Experience : 12+ years Vintage in LIFC : 4+ years Vintage in LIFC : 4+ years Qualification : CA, B.com Qualification : CA Mr. Priya Kadyan Mr. Piyus
Slide 42: Experienced Senior Management Team (2/2)
Experienced Senior Management Team (2/2) Mr. Sanjay Ojha Mr. Vinod Maheshwari National Collection Head Chief Technology Officer Experience : 15+ years Experience : 15+ years Vintage in LIFC : 1.5+ years Vintage in LIFC : 6 months Qualification : LLB Qualification : MCA Mr. Kshitij Agarwal Mr. Shivam
Slide 43: Our Lenders (1/3)
Our Lenders (1/3) PSU (9) Private Banks (10) New Lender Onboarded During FY26 42
Slide 44: Our Lenders (2/3)
Our Lenders (2/3) Small Finance Banks (7) NBFC & Fl’s (22) New Lender Onboarded During FY26 43
Slide 45: Our Lenders (3/3)
Our Lenders (3/3) NBFC & Fl’s (22) New Lender Onboarded During FY26 44
Slide 46: Shareholding Pattern – Q4 FY26
Shareholding Pattern – Q4 FY26 As on March 31st, 2026 Category Foreign Portfolio Investor, 1.58% No. of Other Public, No of Shares Amount % Alternative Non- Resident Shareholder 33.33% Investment Indians, 0.44% Fund, 4.34% • Promoter & 10 3,15,23,468 15,76,17,340 60.31% Promoter Group • Other Shareh
Slide 47: Thank You
Thank You Investor Relations Rajat Gupta rajat@goindiaadvisors.com +91 99718 9939