Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q1 FY2027 Earnings Presentation
45 slides from Esaf Small Finance Bank's earnings presentation, Jul 31, 2026
Slide 1: Exchange covering letter for investor presentation
Ref No: 24/SE/CS/JULY/2026-27 Date: July 31, 2026 To, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E), Mu
Slide 2: Investor Presentation | Q1 FY2027
Investor Presentation | Q1 FY2027
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ESAF Small Finance Bank Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Key Highlights – Q1 FY2027
Key Highlights – Q1 FY2027 Total Business * Net Interest Income Operating Profit Net profit Net NPA ₹ 51,140 Crore ₹ 584 Crore ₹ 349 Crore ₹ 80 Crore 0.8% Gross Advances Yield on Advances GNPA RoA/RoE ₹ 23,216 Crore 17.2% ₹ 1,253 Crore 1.0%/17.5% ₹ 18,224 Crore (Q1 FY26) 15.5% (Q1 FY26) ₹ 1,364 Cror
Slide 5: Deposits
Deposits
Slide 6: Deposit Profile (1/2)
Deposit Profile (1/2) Total Deposits (₹ Crs) CASA and Term Deposit (₹ Crs) 24.8% 26.4% 25.1% 23.9% 23.4% 26,924 25,850 20,627 19,670 24,006 17,976 22,894 17,071 16,848 22,698 6,046 6,030 6,181 6,297 5,628 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Term Deposits CASA CASA %
Slide 7: Deposit Profile (2/2)
Deposit Profile (2/2) Cost of Funds and Cost of Deposits (%) State Wise Deposit Mix (June-26) Kerala 71% 7.4 7.4 Tamil Nadu 5% 7.3 7.2 7.1 Maharashtra 5% 7.3 7.3 7.2 New Delhi 4% 7.1 7.0 Karnataka 3% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Others 12% Cost of Funds Cost of Deposits Retail Deposits (₹ Crs)
Slide 8: Advances
Advances
Slide 9: Total Gross Advances Mix
Total Gross Advances Mix Total Gross Advances Mix (₹ Crs) • Total Gross Advances grew by 27% on YoY basis and 24.3 28.3 4% on QoQ basis 23.1 26.2 27.9 18,224 19,137 20,679 22,426 23,216 • Secured Advances are 62% of the portfolio as of June- 26 as compared to 59% as of June-25 2,362 • MARG portfolio
Slide 10: M.A.R.G Strategy – Road towards sustainable growth with a de-risked business
M.A.R.G Strategy – Road towards sustainable growth with a de-risked business Gross Advances of MARG portfolio (₹ Crs) and its contribution (%) Total GNPA (%) of MARG portfolio 22% 43% 53% 56% 0.2 0.2 0.2 0.3 12,909 11,932 Mar-24 Mar-25 Mar-26 Jun-26 7,996 Yield on Advances (%) of MARG portfolio 4,05
Slide 11: M.A.R.G – Gold and Retail contributing steady growth
M.A.R.G – Gold and Retail contributing steady growth Gross Advances (₹ Crs) Asset Quality (₹ Crs) 9,064 10,133 11,514 11,932 12,909 56 61 49 55 54 GNPA 628 512 600 381 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 452 393 2,172 451 1,881 2,080 294 387 441 404 1,741 SMA 0 185 196 187 1,598 162 110 105 102 SMA 1
Slide 12: Micro Finance – Legacy group loans
Micro Finance – Legacy group loans Gross Advances (₹ Crs) Asset Quality (₹ Crs) 5,653 4,844 3,721 3,203 2,362 1,076 867 772 799 813 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 GNPA Yield on Advances (%) 159 128 115 102 23.5 23.8 91 20.3 74 78 19.2 18.9 52 40 44 34 16 20 19
Slide 13: Emerging Household (EH) segment
Emerging Household (EH) segment Gross Advances of EH portfolio (₹ Crs) and its contribution (%) The Emerging Household (EH) segment 29% 32% comprises customers who have progressed beyond traditional microfinance and are ready 7,351 to access a wider range of banking products and financial solutions.
Slide 14: Loans to Emerging Household (EH) segment
Loans to Emerging Household (EH) segment Gross Advances (₹ Crs) Asset Quality (₹ Crs) 494 2,577 3,314 4,582 6,424 7,351 413 326 343 362 4 GNPA 261 3 715 224 653 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 1 94 165 72 0 554 60 SMA 0 46 44 37 47 40 41 0 135 6,371 33 27 38 SMA 1 597 5,544 20 20 25 94 614 3,862
Slide 15: Corporate Lending
Corporate Lending Gross Advances (₹ Crs) Asset Quality (₹ Crs) 931 846 862 867 594 35 17 17 13 9 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 GNPA Yield on Advances (%) 7 5 4 10.8 10.9 3 10.4 10.5 10.3 0 0 0 0 0 0 0 0 0 0 0 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3
Slide 16: Stable credit cost and increasing secured mix
Stable credit cost and increasing secured mix Credit Cost (%) *# Secured & Unsecured Mix (%) 5.3 5.6 5.1 59 61 63 61 62 4.1 4.4 3.2* 41 39 37 39 38 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 * Credit cost for Q1FY27 calculated by excluding additional provision of ₹ 64.7 cr
Slide 17: Asset Quality
Asset Quality
Slide 18: Asset Quality
Asset Quality GNPA & NNPA (%) PCR (%) 8.5 7.5 85.5 73.2 74.4 5.6 5.4 5.4 69.0 80.5* 3.8 3.8 53.8 2.7 1.8 0.8 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 GNPA NNPA • PCR for Q3FY26 had reduced on account of transfer of NPA portfolio having higher provisions to ARC • * PCR fo
Slide 19: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 34.3% 33.4% 33.2% 34.7% 33.7% 23.9 22.7 22.4 22.7 22.2 30,868 31,429 29,137 26,703 27,129 18.4 16.9 15.9 15.9 14.7 9,154 9,073 9,684 10,701 10,584 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 T
Slide 20: Key Financial Metrics
Key Financial Metrics
Slide 21: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 584 518 269 248 432 201 378 372 195 145 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 349 80 253 241 24 7 125 233 232 93 143
Slide 22: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 81.7 16.8 17.2 78.2 15.5 15.4 15.7 71.0 66.4 58.1 7.9 6.0 5.9 6.1 6.5 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Yield on Advances NIMs * Q3FY26 – Adjusted for one time income of 69 cr. on account of transfer of NPA
Slide 23: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) Q1FY27 Q4FY26 Q-o-Q Q1FY26 Y-o-Y Interest Income 1,097.77 995.08 10.3% 828.23 32.5% Interest Expense 513.69 477.33 7.6% 450.36 14.1% Net Interest Income 584.08 517.75 12.8% 377.87 54.6% Other Income 248.24 201.37 23.3% 195.14 27.2% Net Total Income 832.32
Slide 24: Balance Sheet
Balance Sheet Particulars (₹ Crs) Jun-26 Mar-26 Mar-25 Mar-24 CAPITAL AND LIABILITIES Capital 515.95 515.66 515.43 514.78 Employee Stock Option Outstanding 4.11 6.49 4.04 5.68 Reserves and Surplus 1,347.87 1,264.38 1,429.58 1,971.33 Deposits 26,924.47 25,850.16 23,276.44 19,867.80 Borrowings 2,112.6
Slide 25: Company Overview
Company Overview
Slide 26: A social business driven by providing “Joy of Banking” to customers
A social business driven by providing “Joy of Banking” to customers Vision Mission "To be India’s leading social bank that offers ESAF Small Finance Bank, promoted by Dr. Kadambelil Paul Thomas and ESAF "To provide responsive banking services to Financial Holdings, began operations on March 10, 2017
Slide 27: Shareholding Structure – As on June, 2026
Shareholding Structure – As on 30 June, 2026 Promoter Shareholding structure Total Shareholding structure 0.3% 4.9% 3.8% Dr Kadambelil Paul ESAF Financial Holdings ESMACO & Others 1 Thomas Private Limited 6.04% 52.82% 4.39% 27.8% 63.3% 63.25% Promoters Retail Shareholders Corporate Bodies Insurance
Slide 28: Pan India Presence
Pan India Presence ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Split of banking outlets across locations + 1 crore Total Customers 10% 11% 1 1 6 53% 6 58% Customers in rural and semi- 11 21% urban areas 15 6 2 11 16 2 3 69% 11 Banking outlets in rural and 71 17 Semi Ur
Slide 29: Journey So Far
Journey So Far 2026 • Crossed milestone of +1 crore customers • Total Business of ₹ 50,000+ crores 2024 2025 • Operationalisation of Authorised Dealer Category 1 Licence (Foreign Exchange operations) • Presented with the Most Sustainable Companies Award in BFSI at BT India’s • Tied up with Edelweiss
Slide 30: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Banking Outlets Digital Banking o Provision for full-fledged o Multiple channels for servicing the banking product & services o Application (compatible with Android customers in an efficient manner o Branch Operations and iOS) that connects with the National o Customer
Slide 31: Technology Driven Model With An Advanced Digital Technology Platform
Technology Driven Model With An Advanced Digital Technology Platform ESAF SFB has continuously worked towards improving its customers’ experience through the use of technology. Such initiatives have enabled the Bank to deliver improved customer service in a cost-effective manner DIGITAL MEASURES DIG
Slide 32: Clearly Articulated Strategy
Clearly Articulated Strategy 1 Increase Deposits 2 Increase Advances 3 Deeper Penetration o Target new & existing customers for o Micro Finance Business: o Open additional Branches, ATMs CASA, fixed deposits and recurring • Appoint new BCs and have its banking agents start to source customers. along
Slide 33: Sustainability & ESG Performance – ESAF SFB’s social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy World Water Day was observed across the Bank CareEdge ESG Ratings upgrades score to 75.4 from 68.1 last year • ESAF SFB has received one of the highest ESG Ratings in the Indian Banking sector • It is now placed in the CareEdge-E
Slide 34: Highlights of the study reports for improving ESG materiality
Highlights of the study reports for improving ESG materiality Automation of Internal systems has made a positive impact on Paper reduction and related environmental impact through E Sign environment with improved Governance and Employee Productivity SAVED The Bank received ISO 26000:2010 certificati
Slide 35: Annexures
Annexures
Slide 36: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Gross Advances (₹ Crs) Disbursements (₹ Crs) 22,426 42,530 18,772 18,779 14,118 12,131 20,983 17,013 14,691 11,945 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Total Deposits (₹ Crs) CASA & Term Deposits (₹ Crs) 25,850 19,670 23,276 17,493 19,868 15,366 14,6
Slide 37: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend ROA* (%) NIM* (%) 1.9 11.0 1.6 10.4 8.9 8.0 0.4 6.4 -0.6 -1.9 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROE* (%) Cost to Income (%) 19.4 20.3 77.9 71.6 4.1 63.7 57.9 58.6 -9.1 -22.8 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 *Annualized & Cumulativ
Slide 38: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend GNPA (%) NNPA (%) 7.8 6.9 3.9 5.4 3.0 4.8 2.3 1.8 2.5 1.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PCR (%) CRAR (%) 80.5 69.0 23.3 22.2 65.2 21.8 59.4 19.8 56.7 18.6 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 37
Slide 39: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 2,370 811 2,047 1,836 1,700 442 472 1,147 288 208 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 1,163 426 302 894 712 55 557 492 -166
Slide 40: Profit & Loss Statement – Annual Trend
Profit & Loss Statement – Annual Trend Particulars (₹ Crs) FY26 FY25 FY24 FY23 FY22 Interest Income 3,537 3,858 3,818 2,854 1,940 Interest Expense 1,837 1,811 1,449 1,017 793 Net Interest Income 1,700 2,047 2,370 1,836 1,147 Other Income 811 472 442 288 208 Net Total Income 2,511 2,519 2,812 2,124 1
Slide 41: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Karthikeyan Manickam Kadambelil Paul Thomas Part time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer o Master’s degree in Science (Agriculture) in Agronomy from Tamil Nadu o Doctorate from Kerala Agricult
Slide 42: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ajay Sharma Biju Varkkey Non-Executive Independent Director Non-Executive Independent Director o Master’s degree in Business Administration in Finance from R A Poddar Institute o Master’s degree in Personnel Management and Industrial relation from M
Slide 43: Highly experienced team of qualified & experienced professionals
Highly experienced team of qualified & experienced professionals Name & Designation Qualification Prior Associations o General manager in the HR & Administration department of ESAF Bosco Joseph o LLB with specialization with Labor Laws Microfinance and Investments Pvt. Ltd. Executive Vice President-
Slide 44: Awards & Recognitions – Annual Trend
Awards & Recognitions – Annual Trend 2020 - 21 2021 -22 2022 - 23 2023 - 24 2024 - 25 2025 -26 o Outstanding Achievement Award o Secured the “Most Impactful o ‘Global Sustainability Award o Semi Finalist at the SKOCH o ‘Small Finance Bank of the o ‘Excellence in Customer at the Outreach Programme So
Slide 45: For Investor queries
For Investor queries Mr. Ranjith Raj P investor.relations@esafbank.com Email: investor.relations@esafbank.com Mr. Swapnil Moray swapnil.vijaymoray@esafbank.com Email: swapnil.vijaymoray@esafbank.com www.esafbank.com Website: www.esafbank.com
ESAF Small Finance Bank — Q1 FY2027 Earnings Presentation on 6ix