India Shelter Finance Corp. Ltd. · NSE:INDIASHLTR
India Shelter Finance — Q2 & H1 FY26 Earnings Presentation
44 slides from India Shelter Finance's earnings presentation, Nov 4, 2025
Slide 1: Stock exchange intimation of investor presentation
November 04, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block G, Bandra Kurla Street, Mumbai- 400001 Complex, Bandra (E), Mumbai – 400 051 Scrip Code: 544044 NSE Symbol: INDIASHLTR ISIN: INE922K01024 ISIN: INE922K01024 IN
Slide 2: Investor Presentation Q2 & H1FY26
Investor Presentation Q2 & H1FY26 India Shelter Finance Corporation Limited
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (“Presentation”), which have been prepared by India Shelter Finance Corporation Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: H1FY26 Snapshot
H1FY26 Snapshot AUM Employees Spread Gross Stage 3 ROA Rs. Crore 9,252 31% YoY 4,276 6.4% +30 bps YoY 1.2% 5.9% Disbursement States Secured Book Net Stage 3 ROE Rs. Crore 1,817 18% YoY 15 100% 0.9% 17.2% PAT Branches Average Ticket Size2 PCR3 CRAR | Leverage Rs. Crore Rs. Lakhs 241 39% YoY 299 +9 Br
Slide 5: Key Highlights & Executive Summary – Q2FY26
Key Highlights & Executive Summary – Q2FY26 • Delivered AUM growth of 31% YoY to Rs. 9,252 Cr Business • Portfolio LTV maintained at 52%, ATS continues to be at Rs. 10 Lacs Metrics & • Added 9 new branches during the quarter, geographic presence stood at 299 locations AUM Spread Expansion as of 30th
Slide 6: About the Company
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 7: Who we are
Who we are What we do Deep Vintage India Shelter provides affordable home Founded in 2010, India Shelter has a 15-year loans and loan against property in Tier 2 and 3 geographies in India for last 15 years vintage that results in deep understanding of the segment Focus on Underserved Focus Segment P
Slide 8: Growth Journey
Growth Journey AUM (Rs. Crores) 38% CAGR (FY19-FY25) Quarterly PAT crosses Crossed 200+ Rs. 100 Crs Branches AUM crosses Crossed Rs. 9,000 Crs IND RA: 260+ Upgraded Branches 9,252 to AA- (Stable) Annual PAT 8,189 crosses Listed on Rs. 100 crs BSE, NSE ICRA: Upgraded CARE: to A- Upgraded to 6,084 (Po
Slide 9: Key Success Factors
Key Success Factors Curated In-house Processes Enabling Robust Asset Quality across Cycles 4 5 Extensive, Diversified, Phygital 3 Professional Management Guided by Distribution having Pan India presence Board Comprising of Industry Veterans Technology Driven Company with Scalable Model 2 6 Strong Fo
Slide 10: Experienced Board with Industry Veterans
Experienced Board with Industry Veterans Chairman Independent Directors Parveen Gupta Rachna Dikshit Savita Mahajan Ex-MD SBI Ex-Regional Ex-Dean ISB Director RBI Sudhin Choksey Ex-MD Gruh Finance 35+ yrs of BFSI experience Rupinder Singh Sumir Chadha Thomson Thomas MD & CEO Nominee Director Ex-CIO
Slide 11: Professionally Managed Company
Professionally Managed Company Experienced Management Team with Strong Alignment of Interest with 9% ESOP Pool Rupinder Singh Ashish Gupta Sharad Pareek Nilay MD & CEO CFO CRO CHRO 22+ yrs of experience 20+ yrs of experience 24+ yrs of experience 24+ yrs of experience Nitin Goel Rohit Gaur Aman Sain
Slide 12: Shareholding Pattern
Shareholding Pattern Key Institutional Investors Investor % Holding 2.3% WestBridge WestBridge Capital^ 46.2% Nexus Venture Partners^ 10.6% 7.9% DII Kotak Mutual Fund 5.0% SBI Life 4.3% 10.6% Goldman Sachs India Equity# 2.6% Publics & others Axis Mutual Fund* 2.5% 46.2% 12.2% Nexus Whiteoak Mutual F
Slide 13: Business Update
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 14: Industry Dynamics
Industry Dynamics Housing Credit Income Profile Avg. Ticket Size Value of Units LTV Aggregate Loan Segment Shortage Penetration (Rs. Lakh) (Rs. mn) (Rs. tn) (%) Demand (Rs. tn) (mn units) (%) EWS Up to 3 45 0.75 34 40% 40% 5 LIG 3 to 6 50 2.0 100 50% 80% 40 MIG & Above 6 and above 5 8.0 40 65% 85% 2
Slide 15: Robust Growth With Profitability
Robust Growth With Profitability Disbursement (Rs. Crores) AUM (Rs. Crores) PAT (Rs. Crores) 31% 12% YoY 35% YoY YoY 6% 5% QoQ 2% QoQ QoQ 931 9,252 8,712 119 122 887 7,039 90 828 54 73 83 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 Co-lending 14
Slide 16: Asset Quality Metrics
Asset Quality Metrics Stage 3/ GNPA (%) Net Stage 3/ NNPA (%) 1.2% 1.2% 1.2% 1.2% 1.0% 0.9% 0.9% 0.9% 0.9% 0.8% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 30+ DPD (%) Collection Efficiency (%) 4.5% 4.7% 100% 99% 99% 99% 3.6% 3.7% 98% 3.1% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26
Slide 17: Cost of Funds Trending down
Cost of Funds Trending down Yield, Cost of Funds & Spread (%) 14.7% 14.9% 14.9% 14.9% 15.0% 14.9% 8.7% 8.8% 8.7% 8.8% 8.6% 8.5% 6.0% 6.1% 6.2% 6.1% 6.4% 6.4% FY23 FY24 FY25 Sept'24 June'25 Sept'25 Spread Yield CoB Yield on AUM | Yield and COF is position as at the end of relevant period and is exclu
Slide 18: Extensive Pan-India Distribution Network
Extensive Pan-India Distribution Network Geographically Diversified with Contiguous Scope for Operating Leverage (Vintage-wise AUM/ branch, Sept’25) Expansion No of AUM AUM /Branch AUM /Branch Branch Vintage Branches (Rs. Crs) Q2FY26 FY21 Up to 1 year 40 355 9 1 1 to 3 years 94 1,604 17 14 More than
Slide 19: Customer & Portfolio Demographics
Customer & Portfolio Demographics >20 to 25L >25L ≤5L Salaried Tier - 1 5% September 2025 Loan against 25% 7% 7% Property 9% 43% >15 to 20L Tier - 3 AUM Profile 56% City 12% ATS1 Home Mix Mix Tier Rs. 10 Loans Lacs 57% Tier - 2 >5 to 10L Self Employed 35% >10 to 15L 43% On Book 75% 26% HL 68% >20 to
Slide 20: Tech, Credit & Risk
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 21: Robust Underwriting and Risk Management
Robust Underwriting and Risk Management In-house BRE for analyzing 100+ fields for customer and collateral evaluation Customer Assessment Collateral Evaluation Controls in Place ✓ Background and Business Collateral Valuation Risk Management Vintage Process ✓ Neighbor & Reference Check ✓ Identificati
Slide 22: Technology Driven with Scalable Operating Model
Technology Driven with Scalable Operating Model Strong Tech Architecture across Processes Multiple Digital Assets Digital Loan Approval Cloud Based Platform and Paperless Approach Customer 360 view Data Capture Extensive database with 100+ data points on customer and collateral profiles to enable ro
Slide 23: Digital Adoption Progress
Digital Adoption Progress % of Customers registered % of Service Requests on the app raised on the app 72% 71% 71% 82% 82% 100% E-Nach Mandates 76% Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 100% % of Digital Collections % of Account Aggregator (AA) E-Signing penetration 96% 96% 51% 95% 48% 43% 4.6 R
Slide 24: Separate Hierarchy Of Key Functions
Separate Hierarchy Of Key Functions Sales, Underwriting & Collections Independent of each function Customer Ops & Cust. Collection & Credit Legal Technical Acquisition Service Recovery Loan Officers Credit Manager Branch Service Tech. Manager Collection Manager Branch Manager Branch Manager Area Sal
Slide 25: Financials
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 26: Strong Liability Franchise
Strong Liability Franchise Diversified Funding Profile and Strong Lending Relationships Lender Base Borrowing Mix (Q2Y26), % 32 ECB Lender Relationships 3% NCD PTC 1% Key Lenders 6% Institution Financial NHB 14% Term Loans by Banks & FI Public Banks 54% DA 22% Private Banks 8 years Avg. Tenure of Bo
Slide 27: Strong Balance Sheet
Strong Balance Sheet Consistent Rating Upgrades Strong ALM Surplus Outflow Inflow Cumulative ALM Profile, Sept’25 Rs. Crs 2024 AA- (Stable) 422 420 <3 months 842 2023 A+ (Positive) 725 445 <6 months 1,170 2022 A+ (Stable) 1,318 406 <1 Year 1,724 2019 A (Stable) 3,393 226 <3 Year 3,619 2018 A- (Posit
Slide 28: Comfortable Liquidity Position
Comfortable Liquidity Position Particulars (₹ Cr) As of Sept-25 Total Available Cash & Cash Equivalents1 5801 Liquidity of Un-availed Sanctions from Banks/FI 1,502 INR 2,082 Cr Total Liquidity Position 2,082 Particulars (Rs. Cr.) Q3FY26 Q4FY26 Q1FY27 Q2FY27 Opening Liquidity 2,082 2,192 2,249 2,297
Slide 29: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Particulars (Rs. Cr.) Q2FY26 Q2FY25 YoY Q1FY26 QoQ Interest Income1 299.4 227.5 32% 287.7 4% Net Gain on Direct Assignments 34.6 27.1 28% 35.6 -3% Other Income 35.2 28.7 23% 38.0 -7% Total Income 369.2 283.4 30% 361.3 2% Finance Cost 109.4 84.2 30% 106.2 3% Net To
Slide 30: Profit & Loss Statement – Half Year
Profit & Loss Statement – Half Year Particulars (Rs. Cr.) H1FY26 H1FY25 YoY Interest Income1 587.1 439.5 34% Net Gain on Direct Assignments 70.2 52.1 35% Other Income 73.2 52.6 39% Total Income 730.5 544.1 34% Finance Cost 215.5 160.5 34% Net Total Income 515.0 383.6 34% Operating Expenses 181.9 143
Slide 31: Profit & Loss Statement – Annual
Profit & Loss Statement – Annual Particulars (Rs. Cr.) FY25 FY24 YoY FY23 FY22 FY21 Interest Income1 953.0 712.7 34% 509.0 378.2 277.5 Net Gain on Direct Assignments 98.1 79.1 24% 43.9 49.7 29.2 Other Income 124.8 69.5 80% 53.3 31.9 16.1 Total Income 1,175.9 861.4 37% 606.2 459.8 322.8 Finance Cost
Slide 32: Balance Sheet
Balance Sheet Particulars (Rs. Cr.) Sept-25 Sept-24 March-25 Sources of Funds Share Capital 54.2 53.7 53.9 Reserves & Surplus 2,861.1 2,434.9 2,654.8 Borrowings 5,492.2 4,010.9 4,969.1 Other liabilities & provisions 172.8 100.6 69.7 Total 8,580.3 6,600.1 7,747.5 Application of Funds Loan Assets 7,63
Slide 33: ECL Provisions Summary
ECL Provisions Summary Particulars Sept-25 Sept-24 June-25 March-25 Gross Stage 3 97.8 74.7 91.8 69.4 % Portfolio in Stage 3 1.2% 1.2% 1.2% 1.0% ECL Provision Stage 3 24.0 18.5 22.5 17.1 Net Stage 3 73.8 56.2 69.3 52.3 Provision Coverage Ratio (PCR) – Stage 3 24.6% 24.8% 24.5% 24.6% Gross Stage 2 29
Slide 34: ROE Tree & Key Ratios
ROE Tree & Key Ratios Particulars Q2FY26 Q2FY25 Q1FY26 H1FY26 H1FY25 FY25 Net Interest Income to Average Total Asset 9.1% 9.0% 9.1% 9.1% 9.0% 8.9% Non-Interest Income to Average Total Asset 1.7% 1.8% 1.9% 1.8% 1.7% 1.8% DA Upfront Income to Average Total Asset 1.7% 1.7% 1.8% 1.7% 1.7% 1.4% Net Inter
Slide 35: Financial Snapshot – Historical
Financial Snapshot – Historical Particulars FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Operational Branches 31 33 47 61 64 81 86 115 130 183 223 266 States 4 5 7 8 8 12 12 15 15 15 15 15 Active Live Accounts 5,304 8,552 12,823 15,730 20,117 24,354 27,602 33,607 43,328 58,552 80,791
Slide 36: Key Growth Strategies
Key Growth Strategies Grow and Diversify Diversify Borrowings Leverage Technology Enhance Brand Distribution and Optimize for Scalability and Equity and Foster Network Borrowing Costs Productivity Sustainability Deepening branch Enhance credit rating Enhance lead sourcing Increase concentration pene
Slide 37: ESG
About the Company Business Update Tech, Credit & Risk Financials ESG India Shelter Finance Corporation Limited India Shelter Finance Corporation Limited
Slide 38: ESG
ESG Disclosed Business Responsibility & Sustainability Report ESG Score along with the Annual Report for FY25 • Business Responsibility & Sustainability Report (BRSR) disclosed for FY 24-25 with Maiden Scope 1, Scope 2 and Scope 3 emission disclosure • Reduction in Total Energy Consumption Per Rupee
Slide 39: Focus on Social & Human Capital
Focus on Social & Human Capital Social Capital India Shelter Nakshatra: Our Educational Initiative • Akshaya Patra Foundation - To ensure a nutritious meal for the underprivileged students • National Skill Development Corporation - We are supporting Apprentices under the CSR program. Employee traini
Slide 40: Strong Governance Structure
Strong Governance Structure Strong corporate governance framework in place for effective risk management Board Level Committees - 7 Board of Directors Nomination & Risk Management Stakeholder Willful Defaulter Review Audit Committee IT Strategy Committee Remuneration CSR & ESG Committee Committee Re
Slide 41: Awards & Accolades
Awards & Accolades BEST CUSTOMER India's Best Best BFSI Campaign – EXPERIENCE JAN GRIHA CERTIFICATION NHB Award for lending INDIA'S BEST TOP 50 INDIA'S BEST Workplaces In NBFC 4 Dino Mein Home SOLUTION OF THE YEAR ON WORKPLACES IN NBFC BY AT THE BW WORKPLACES IN BFSI 2024 to women borrowers 2025 Loa
Slide 42: Glossary
Glossary Terms Explanation AUM represents the aggregate of future principal outstanding and overdue principal outstanding, if any, for all loan assets under management which includes (i) loan assets held by us as of the last day of the relevant period/year (ii) loan assets which have been transferre
Slide 43: Glossary
Glossary Abbreviation Expansion Abbreviation Expansion ALM Asset liability management HL Home loan ATS Average Ticket Size IPO Initial Public Offer AUM Assets under management LAP Loan against property BPS Basis Points LCR Liquidity Coverage Ratio BRE Business rule engine LIG Low-income group CAGR C
Slide 44: Thank You
Thank You For further information, please contact: Rahul Rajagopalan Head – Investor Relations investorrelations@indiashelter.in
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