Slide 1: Relipay – Earnings Presentation Filing Letter to NSE
relipay A BRAND OF RNFI November 13, 2025 To, Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 40005 1. SCRIP SYMBOL: RNFI Sub: Earning Presentation on Un-Audited Financial Results (Standalone and Consolidated) for the
Slide 2: RNFI Services Limited – H1 FY'26 Investor Presentation
TRUSTED FORCE MULTIPLIER FOR INDIAN BFSI AND MORE RNFI SERVICES LIMITED H1 FY’26 Investor Presentation Company Private & Confidential 1
Slide 3: Obligatory Disclosure
OBLIGATORY DISCLOSURE This presentation, along with the accompanying slides (collectively referred to as the “Presentation”), has been created by RNFI Services Limited (the “Company”) solely for informational purposes. It does not constitute an offer, recommendation, or invitation to buy or subscrib
Slide 4: Management Comments
MANAGEMENT COMMENTS It gives me great satisfaction to note the continued progress of our organization We remain focused on strengthening our during the period under review. We remain operational capabilities, expanding our steadfast in our commitment to technological distribution network, and accele
Slide 5: Vision & Roadmap
VISION & ROADMAP VISION From the very beginning, our vision has been to build a company capable of scaling massively, earning unwavering trust, and demonstrating resilience through every challenge. We draw inspiration from the leadership and legacy of India’s finest visionaries — Sir Mukesh Ambani,
Slide 6: Corporate Governance
CORPORATE GOVERNANCE All Promoters Board of Promoter group A seasoned Being SME Listed Regular and shares pooled in Directors consist family owned management Entity we are timely a Trust to of 4 Independent 12.7% of shares board with required to give disclosures to increase the Directors, 3 in subsi
Slide 7: About Us
H1 FY’26 Investor Presentation ABOUT US Trusted Force Multiplier for Indian BFSI and more RNFI Services Limited | Company Private & Confidential 6
Slide 8: Our Group Structure
OUR GROUP STRUCTURE The company has established an extensive and varied network, comprising of front end distribution network and back end technology, through implementation of phygital strategy. Corporate Business Correspondent Business Banking Switch Foreign Exchange Services 1900+ Employee Streng
Slide 9: Business Model and Products
BUSINESS MODEL AND PRODUCTS P1 FRM* Module Corporate Sales Team P2 MULTIPLE PRODUCTS Scouting for New Clients/Products P3 Compliance P4 Relipay Sahayak FINANCIAL CORPORATES BANKS INSTITUTIONS P5 Accounting RELIPAY PLATFORM P6 + Support Deep Integration into Relipay Platform *FRM - Fraud Risk Managem
Slide 10: Major Events
MAJOR EVENTS Successful renewal of registration of Direct Broker (Life & General) of Reliassure Insurance Brokers Private Limited Strategic Partnerships Launch of Insurance Executed Telemarketing Operations & Services in Reliassure Strategic Pilot for Doorstep New Product Launch “Sprint Banking Unde
Slide 11: Increase in Product Offerings
INCREASE IN PRODUCT OFFERINGS Cash Replenishment Motor Insurance is live Air Travel ticket RNFI Money Portal is Agency/Cash on our group company booking platform about to launch for Management Services Reliassure Insurance developed and individuals and –We provide services Broking’s Portal. launched
Slide 12: AI-Driven Achievements
AI-DRIVEN ACHIEVEMENTS AI AI AI OCR & Identity Auto Fund Request Automated Verification Clearing Reconciliation System AI-powered OCR to extract and Machine learning–based Python & ML-based in-house validate data from PAN, Aadhaar automation for retailer fund module for automatic and other KYC docum
Slide 13: Driving Technology Innovation
DRIVING TECHNOLOGY INNOVATION Developed an in-house Dialler system to boost In-House Dialler System Development communication efficiency, improve customer engagement, and enable real-time call analytics and quality monitoring. Implemented globally recognized ISO 27001 and SOC 2 standards at Paysprin
Slide 14: H1 FY'26 Highlights
H1 FY’26 Investor Presentation H1 FY’26 HIGHLIGHTS Trusted Force Multiplier for Indian BFSI and more RNFI Services Limited | Company Private & Confidential 13
Slide 15: H1 FY'26 Result Summary
H1 FY’26 RESULT SUMMARY Net Net PAT PAT Revenue Gross Profit EBIDTA EBIDTA PAT Margin Margin 471.4 Cr.* 82.5 Cr. 28.6 Cr. 14.6 Cr. 3.1 % 2.9% 38.2% 47.3% 66% 61.3% HoH Growth HoH Growth HoH Growth HoH Growth HoH Growth Non Forex Active Activ Current Current PAT Margin Net Worth Sahayaks ARPU Ratio R
Slide 16: Growth Drivers
H1 FY’26 Investor Presentation GROWTH DRIVERS Trusted Force Multiplier for Indian BFSI and more RNFI Services Limited | Company Private & Confidential 15
Slide 17: Active Sahayaks Comparison
ACTIVE SAHAYAKS ACTIVE SAHAYAKS COMPARISON 18.8% 197439 No. of Active Sahayaks 12.7% 166242 149501 132626 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 H1 FY’26 Investor Presentation Company Private & Confidential RNFI Services Limited 16
Slide 18: Average Revenue per Sahayak (ARPU/Month)
AVERAGE REVENUE PER SAHAYAK AVERAGE REVENUE PER SAHAYAK (ARPU/MONTH) 1.3% 1278 1294 ARPU/Month (in ₹ ) H1 FY25 H1 FY26 H1 FY’26 Investor Presentation Company Private & Confidential RNFI Services Limited 17
Slide 19: New Active Sahayaks Added
NEW ACTIVE SAHAYAKS NEW ACTIVE SAHAYAKS ADDED 33150 New Active Sahayaks Added 15662 15721 Q1 FY26 Q2 FY26 H1 FY26 H1 FY’26 Investor Presentation Company Private & Confidential RNFI Services Limited 18
Slide 20: New Business Clients Added
NEW BUSINESS CLIENTS ADDED TOTAL NUMBERS OF CLIENTS 80 112 Added in H1 FY’26 18 Till FY’25 Product countwise Clients Ageing wise Clients Number of Clients 82 Number of Clients 54 62 23 30 11 9 17 1 12 5 8 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 H1 FY 2026 1 2 3+ Number of Products H1 FY’26 Investor
Slide 21: Financials
H1 FY’26 Investor Presentation FINANCIALS Trusted Force Multiplier for Indian BFSI and more RNFI Services Limited | Company Private & Confidential 20
Slide 22: Financial Highlights – H1 FY'25 vs H1 FY'26
FINANCIAL HIGHLIGHTS- H1 FY’25 VS H1 FY’26 INR in Cr. Non-Forex Forex Overall Performance H1 FY’25 H1 FY’26 H1 FY’25 H1 FY’26 H1 FY’25 H1 FY’26 Revenue 206.9 220.7* 251.2 250.7 458.1 471.4* Gross Profit 56 79.3 3.8 3.2 59.7 82.5 Gross Profit Margin 27% 35.9% 1.5% 1.3% 13% 17% EBITDA 18.3 27.9 1.1 0.
Slide 23: Financial Highlights – H1 FY'25 vs H1 FY'26
FINANCIAL HIGHLIGHTS- H1 FY’25 VS H1 FY’26 INR in Cr. REVENUE GROSS PROFIT EBITDA PAT 2.9% 38.2% 47.3% 66% 471.4 * 28.6 458.1 82.5 14.6 19.4 59.7 8.8 H1 FY’25 H1 FY’26 H1 FY’25 H1 FY’26 H1 FY’25 H1 FY’26 H1 FY’25 H1 FY’26 *Despite a decline in the DMT business revenue by 49% HoH, we sustained revenu
Slide 24: Financial Highlights – Q2 FY'25 vs Q2 FY'26
FINANCIAL HIGHLIGHTS- Q2 FY’25 VS Q2 FY’26 INR in Cr. Non-Forex Forex Overall Performance Q2 FY’25 Q2 FY’26 Q2 FY’25 Q2 FY’26 Q2 FY’25 Q2 FY’26 Revenue 109.3 120.1 111 101.7* 220.3 221.8 Gross Profit 31.8 43.5 1.8 1.2 33.6 44.7 Gross Profit Margin 29.1% 36.2% 1.6% 1.2% 15.2% 20.2% EBITDA 12.3 15.8 0
Slide 25: Financial Highlights – Q2 FY'25 vs Q2 FY'26
FINANCIAL HIGHLIGHTS- Q2 FY’25 VS Q2 FY’26 INR in Cr. REVENUE GROSS PROFIT EBITDA PAT 0.7% 33.1% 23.4% 33.9% 220.3 221.8 44.7 8.8 15.7 33.6 6.6 12.7 Q2 FY’25 Q2 FY’26 Q2 FY’25 Q2 FY’26 Q2 FY’25 Q2 FY’26 Q2 FY’25 Q2 FY’26 H1 FY’26 Investor Presentation Company Private & Confidential RNFI Services Lim
Slide 26: Let's Grow Together
LET’S GROW TOGETHER H1 FY’26 Investor Presentation Company Private & Confidential RNFI Services Limited 25