Manba Finance Limited · NSE:MANBA
Manba Finance — H1 FY2027 Earnings Presentation
38 slides from Manba Finance's earnings presentation, Oct 28, 2026
Slide 1: Regulation 30 Stock Exchange Intimation Letter
October 28, 2026 To, To, National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort Bandra (East), Mumbai - 400 051 Mumbai- 400 001 Scrip Symbol: MANBA Scrip Code: 544262 Sub: Investor Presentation under Regul
Slide 2: Investor Presentation October 2026
INVESTOR PRESENTATION October 2026
Slide 3: Company Snapshot
Company Snapshot Manba Finance is a NBFC providing tailored financial solutions for two wheelers, three wheelers, used Cars, MSME Lap loans and personal Loans Present across AUM 95% network of INR 18,108 Mn Secured AUM 1,900+ dealers Present in 7 States CARE rating of A- 2,061 employees & spread acr
Slide 4: Financial Snapshot
Financial Snapshot Net Interest Income Net Interest Margin Cost of Borrowings Average Yield on ^ INR 938 Mn 12.28%^ 10.14%^ Average AUM 22.16%^ Return on Asset (%) Return on Equity (%) Gross NPA Net NPA 2.63%* 11.65%* 2.96%^ 2.19%^ Capital Adequacy Ratio Provision Coverage Debt Equity Ratio Disburse
Slide 5: H1-FY27 Performance
H1-FY27 Performance Total AUM Disbursement Net Interest Income Dealers (20.7% Growth) (23.7% Growth) (37.5% Growth) 1,932 (H1-FY27) INR 18,108 Mn (H1-FY27) INR 4,928 Mn (H1-FY27) INR 938 Mn (H1-FY27) 1,393 (H1-FY26) INR 15,008 Mn (H1-FY26) INR 3,983 Mn (H1-FY26) INR 682 Mn (H1-FY26) PAT GNPA NNPA Lo
Slide 6: Company Overview
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Slide 7: Company Overview
Company Overview • Established in the year 1996, Manba Finance Limited (Manba) was founded by Mr. Total Revenue (INR Mn) & AUM (INR Mn) Manish Shah, a first-generation entrepreneur. 18,108 17,127 • Manba is a Non-Banking Financial Company offering financial solutions for new 2 13,314 Wheelers, 3 Whe
Slide 8: Beyond the Balance Sheet: What Sets Manba Apart
Beyond the Balance Sheet What Sets Manba Apart Four structural differentiators behind Manba's growth and asset quality OUR MISSION “Manba Finance merges innovation with empathy, utilising technology to deliver Lower Cost to Collect Security at the Core rapid loan solutions, fostering an unbreakable
Slide 9: Capitalizing on India's Expanding Financing Market
Capitalizing on India's Expanding Financing Market India’s Financing Market – Large, Growing & Underpenetrated Why the Opportunity is Attractive 2 Wheelers continue to be the preferred mode of mobility for India – affordable, convenient & aspirational 3 Wheelers are powering last-mile logistics and
Slide 10: Reaching India's First-Time Borrowers
Reaching India’s First – Time Borrowers Delivering the joy of a first vehicle to India's new-to-credit customers. As on October 2026 New-to-Credit First Expansion into 3w Battery Loans extended to borrowers with no prior credit history. 40% of the new loans are financing given to the new to credit p
Slide 11: Strong Enterprise Foundation
Strong Enterprise Foundation DIVERSIFIED AND COST EFFECTIVE MAINTENANCE OF COMPANY’S TECHNOLOGY DRIVEN & SCALABLE LONG TERM BORROWINGS ASSET QUALITY OPERATING MODEL • Diversified sources such as • 400+ personnel for collection • RM platform for business term loans & cash credit • 3-tier collections
Slide 12: From Mumbai to Bharat. One Million Journeys Along the Way
From Mumbai to Bharat. One Million Journeys Along the Way. 1998 – 2019 2020 – 2024 2025+ CHAPTER 1 CHAPTER 2 CHAPTER 3 THE BEGINNING THE EXPANSION THE PLATFORM Started in Mumbai Beyond Maharashtra Across Bharat It started with two-wheeler finance in Mumbai, Proven business model, technology-led oper
Slide 13: Every Milestone Built a Stronger Platform
Every Milestone Built a Stronger Platform 1998 2014–18 2023 2025 RBI-registered NBFC; AUM ₹100 → ₹250 Cr; In-house FORCE CRM launched; 1 million customers; roots in Mumbai Pune, Nashik, Gujarat SBL, used-car & top-up TVS Motor pan-India vehicle finance entry products; Muthoot co-lending 3W MoU 2009
Slide 14: Board Of Directors
Board Of Directors Manish Kirit Kumar Nikita Manish Shah Monil Manish Shah Jay Khushal Mota Shah Whole Time Director Whole Time Director and Whole Time Director and Managing Director Chief Business Officer of Chief Financial Officer of of Company. Company. Company. He holds a bachelor’s degree in co
Slide 15: Geographical Presence
Geographical Presence Rajasthan Uttar Pradesh • Ajmer • Agra • Kanpur Dehat • Ganganagar* • Alwar • Auraiya • Kasganj • Gharsana* Rajasthan Uttar Pradesh • Anoopgarh* • Ayodhya • Lakhimpur • Hanumangarh • Bhilwara • Barabanki • Lucknow • Jaipur • Beawar* • Bareilly • Mathura • Jodhpur • Bikaner • Bh
Slide 16: Strong Branding & Marketing Initiatives
Strong Branding & Marketing Initiatives Sell and market Vehicle loan products through communication channels like digital marketing, mass media like radio, in-store branding, hoardings, organizing and sponsoring celebrity events and religious festivals Organizing dealer conferences and get together
Slide 17: Business Overview
e 0 a Business Overview —
Slide 18: Unsecured Product Portfolio
Unsecured Product Portfolio Unsecured Loans MSME LAP SMALL BUSINESS LOANS PERSONAL LOANS TARGET CUSTOMERS Small businesses like kirana stores, garment shop, TARGET CUSTOMERS manufacturing unit, medical store, dairy, footwear shop, Salaried and self-employed individuals electrical and hardware sh
Slide 19: Secured Product Portfolio
Secured Product Portfolio 2 WHEELERS 3 WHEELERS MSME LAP TARGET CUSTOMERS TARGET CUSTOMERS TARGET CUSTOMERS Customers purchasing two-wheelers and Customers purchasing three-wheelers Salaried and Self Employed (Retailer) EV two-wheelers and EV three-wheelers AVERAGE TICKET SIZE AVERAGE TICK
Slide 20: Loan Origination System
Loan Origination System Powered by BRE – Enabling Intelligent, Instant & Automated Credit Decisions Sub 60-Second Approvals. End-to-End Digital Journey. 1. Perfios Finstack API for eKYC 2. LotusPay (Aadhar, PAN, PNG, Elec Bill, eNach and mNach Penny Drop) 3. Transunion CIBIL For CIR report, 4. Karix
Slide 21: Dealer Network
Dealer Network • Ensuring swift KYC handling and showcasing the Name of State FY24 FY25 FY26 H1-FY27 company's tech-driven customer focus • Dealers typically serve a the primary source for Gujarat 228 294 323 384 understanding customers' funding needs and they Maharashtra 473 476 480 541 also guide
Slide 22: Stage-wise Assets and Provisions Overview
Stage-wise Assets and Provisions Overview Sept-26 June-26 Sept-25 Sept-26 June-26 Sept-25 Particulars (INR Mn) (INR Mn) (INR Mn) (INR Mn) % to GA % to GA % to GA Gross Assets 18,108 17,308 15,008 100.00% 100.00% 100.00% Stage 1 17,101 16,191 13,927 94.44% 93.55% 92.80% Stage 2 471 527 552 2.60% 3.04
Slide 23: Technology Driven Operating Model
Technology Driven Operating Model VAHAN API integration End-to-end solution Includes various modules verifies vehicle covering customer like lead monitoring, hypothecation, Face onboarding through to straight through process Match API matches In-house software suite Integrated with loan maturity, en
Slide 24: Manba Finance Quadrant
Manba Finance Quadrant One Platform. Complete Ecosystem. Infinite Efficiency. Integrated Suite Next Generation LMS Works seamlessly with Advanced LMS for a future-ready, Loan A/c system. scalable and flexible learning experience. Comprehensive Module Wide range of modules to streamline operations En
Slide 25: Robust Collection And Monitoring Mechanism
Robust Collection And Monitoring Mechanism Continuous monitoring where customers are reminded of their payment schedules through text messages and to maintain adequate balance on the due date In-house legal department to initiate legal proceedings, for the purposes of recovering the amounts due from
Slide 26: Business Strategies
Business Strategies Increasing Penetration In Existing Investing in Technology Growing 2WS/ 3WS/ EV2WS/ Enhancing Brand Recall To Markets & Diversifying Into New and Digitization EV3WS Market Attract New Customers Markets • Expanded presence across • AI voice agents deployed for • Focusing on EV2Ws
Slide 27: Sources of Funds
Sources of Funds Bank SFB Borrowings Distribution (INR Mn) 8,576 8,398 6,468 4,843 4,920 4,167 NBFC 2,388 1,626 2,406 1,894 2,117 1,748 FY24 FY25 FY26 H1-FY27 Secured Term Loans NCD Others 26
Slide 28: Q2/H1-FY27 Financial Overview
Q2/H1-FY27 Financial Overview
Slide 29: Key Financials & Operational Highlights
Key Financials & Operational Highlights Q2-FY27 Financial Performance Operational Highlights TOTAL REVENUE NII • Credit rating upgraded from BBB+ (Positive) to A- (Stable), reflecting INR 977 Mn INR 521 Mn an improvement in its creditworthiness and overall credit profile. • Successfully raised appro
Slide 30: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q2-FY27 Q2-FY26 YOY Q1-FY27 QOQ Interest Income 926 719 28.8% 851 8.8% Less: Finance Cost 405 348 16.4% 435 (6.9)% Net Interest Income 521 371 40.4% 416 25.2% Fee & Other Income 51 58 (12.1)% 75 (32.0)% Total Income 572 429 33.3% 491 16.5% Operati
Slide 31: Half Yearly Financial Performance
Half Yearly Financial Performance Particulars (INR Mn) H1-FY27 H1-FY26 YOY Interest Income 1,778 1,349 31.8% Less: Finance Cost 840 672 25.0% Net Interest Income 938 677 38.6% Fee & Other Income 126 118 6.8% Total Income 1,064 795 33.8% Operating Expenses 686 521 31.7% Profit Before Tax 378 274 38.0
Slide 32: Financial Performance
Financial Performance Total Revenue (INR Mn) Net Interest Income (INR Mn) PAT (INR Mn) 3,302 454 1,616 2,510 378 1,300 312 1,916 1,904 270 865 938 FY 24 FY25 FY26 H1-FY27 FY 24 FY25 FY26 H1-FY27 FY 24 FY25 FY26 H1-FY27 AUM (INR Mn) Disbursements (INR Mn) ROE (%) & ROA (%) 17,127 18,108 9,769 15.55%
Slide 33: Key Performance Indicators
Key Performance Indicators Capital Adequacy Ratio (%) Provision Coverage Ratio (%) Cost of Borrowings (%) 29.81% 26.00% 26.00% 24.00% 11.33% 24.56% 24.46% 24.69% 20.00% 10.80% 10.64% 10.14% FY24 FY25 FY26 H1-FY27 FY24 FY25 FY26 H1-FY27 FY24 FY25 FY26 H1-FY27 Gross NPA (%) Net NPA (%) 2.70% 3.37% 3.2
Slide 34: Financial Overview
Financial Overview _ —
Slide 35: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 H1-FY27 Interest Income 1,684 2,378 3,135 1,778 Less: Finance Cost 819 1,078 1,519 840 Net Interest Income 865 1,300 1,616 938 Fee & Other Income 233 132 167 126 Total Income 1,098 1,432 1,783 1,064 Operating Expenses 711 931 1,168 686
Slide 36: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY25 FY26 H1-FY27 Financial Assets Cash and Cash Equivalents 1,285 1,778 2,340 Bank Balance other than cash and cash equivalents 1,114 893 418 Loans 11,461 15,603 16,344 Investments 379 938 674 Other Financial Assets 157 342 321 Total Financial Assets 14
Slide 37: Disclaimer
Disclaimer Manba Finance Ltd No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not c
Slide 38: Thank You
Thank You Manba Finance Ltd