Fedbank Financial Services Ltd. · NSE:FEDFINA
Fedbank Financial Services — Q3 FY26 Earnings Presentation
40 slides from Fedbank Financial Services's earnings presentation, January 2026
Slide 1: Fedbank Financial Services Investor Presentation Q3 FY26
FEDBANK FINANCIAL SERVICES INVESTOR PRESENTATION Q3 FY26 EMPOWERING EMERGING INDIA WITH EASY ACCESS TO LOANS
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (‘Presentation”), which have been prepared by Fedbank Financial Services Limited or Fedfina (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subsc
Slide 3: Table Of Content
Table Of Content Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 4: Executive Summary : Q3 FY26
Executive Summary : Q3 FY26 Business AUM Growth: 17.4% YoY increase to ₹17,500 Cr (32.5% YoY Ex. Business Loans) Disbursals: 95.8% YoY growth to ₹8,606 Cr, driven by 128.2% YoY rise in gold loan disbursals to ₹7,853 Cr Gold Loan AUM: 51.9% YoY growth to ₹7,905 Cr, contributing 45.2% to total A
Slide 5: Q3FY26 Result Summary
Q3FY26 Result Summary YoY QoQ ₹17,500 Cr ₹8,606 Cr ₹87.9 Cr ₹2,806 Cr 75.0 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 17.4% 8.5% 95.8% 65.3% 368.6*% 9.6% 13.9% 3.6% 13.5% 3.5% 98.4% ₹11,207 Cr 20.5% 730 5085 Secured AUM Borrowings1 CRAR Branches Employees3 1125 bps 69 bps
Slide 6: Who we are
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 7: About Fedfina
About Fedfina Product Suite Parentage : Majority-owned by Federal Bank, with strong access to debt & equity. Vision : “Empowering Emerging India with Easy Access to Loans.” Target Segment: Catering to MSMEs with tailored loan solutions. Geographical Presence: Wider footprint across 17 states
Slide 8: Our Board of Directors
Our Board of Directors Shyam Srinivasan K.V.S. Manian Harsh Dugar Non- Executive Chairman & Non-Executive Non-Executive Non-Executive Director Nominee Director Nominee Director Maninder Juneja Sunil Gulati Ramesh Sundararajan Non-Executive Independent Director Independent Director Nominee Director S
Slide 9: Management Team
Management Team Parvez Mulla MD & CEO C.V. Ganesh Anila Rajneesh Vikram Rathi Chief Financial Chief Human Chief Risk Officer Officer Resource Officer Shardul Kadam K Sureshkumar Jagadeesh Rao CBO – Mortgage CBO – Mortgage CBO - Gold Loan & (Small Ticket) (Medium Ticket) Chief Marketing Officer Deep
Slide 10: Shareholding Pattern
Shareholding Pattern Shareholding : 31st December 2025 Top Institutional Shareholders :31st December 2025 Investor Details % Holding Others 20.2% Federal Bank Ltd 60.8 True North Fund VI LLP 7.3 Nuvama Private Investment 2.7 FII 0.9% MFs 2.1% SBI Life Insurance 2.0 Insurance Cos. 3.1% Unifi Capital
Slide 11: Our Growth Journey
Our Growth Journey 9M FY26 • AUM: ₹ 175 bn (Q3FY26) • Branches: 730 (Q3FY26) • Employees: 5,085 (Q3FY26) FY20 – FY22 Credit Rating upgraded to 175 AA+/Stable by FY16 – FY19 • AUM: ₹62 bn (FY22) CARE and 158 • Branches: 516 (FY22) India Ratings • AUM: ₹20 bn (FY19) • Employees: 2,855 (FY22) Long-term
Slide 12: Our Vision & Values
Our Vision & Values Vision Empower Emerging India with Easy Access to Loans Values Execution Excellence People Focus Integrity Customer Centric Clear Objectives Empowerment Transparency Customer Goals Resource Optimization Development Opportunities Accountability Clear Communication
Slide 13: Market: Long runway for growth
Market Household credit to GDP ratio (%)1 Retail credit growth to continue 2 76 125 69 60 42 82 36 72 34 61 45 51 FY21 FY22 FY23 FY24 FY25 FY28P MSME Credit Addressable Market 3 Household Gold 3 INR 25 Tn Pledged with INR 92 Tn Financiers, 7% Unpledged, credit gap 93% Credit Gap Formal Sector Long r
Slide 14: Our Product Suite
Our Product Suite Secured Against Collateral Category Mortgage Loans Gold Loans Business Loans AUM 9,084 7,905 285 (₹Cr) (51.9%) (45.2%) (1.6%) (% of total) Avg. Ticket Size 33.2 2.4 (₹ Lakh) Disbursement (₹Cr) 753 7,853 & (Origination (13.0%) (18.3^%) Yield) Disbursement Discontinued Average Origin
Slide 15: Our Product Suite: Mortgage Loans
Our Product Suite Mortgage Loans Category Small Ticket LAP and HL Medium Ticket LAP AUM 3,734 5,349 (₹Cr) (21.3%) (30.6%) (% of total) Avg. Ticket Size 15.2 65.0 (₹ Lakh) Disbursement (₹Cr) 208 545 & (Origination (15.3%) (12.1%) Yield) Average Origination 52.8% 52.5% LTV Underwriting Assessed Income
Slide 16: Our Customers
Our Customers Category Small Ticket LAP Medium Ticket LAP Gold Loan Customer Food and Tea Stall Retail Trading of Snacks and Savories Tailoring Business Expand his product offering and to Refurbish a few existing outlets and Purchase additional sewing machine & Requirement renovate the store open 2
Slide 17: Our Footprints
Our Footprints Comprehensive Branch Network Branch & AUM Mix 730 17 162 25% Branches States 282 42% and UTs Branch AUM 12 1 Mix Mix 8 29 47 286 33% 35 30 127 South West North South West North 21 2 131 Branch Expansion Branch Expansion New: 113 44 Co-located: 63 Gold Loan Co-Located MSME Hubs More th
Slide 18: Our Business
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 19: Disbursements & AUM
Disbursements & AUM ₹ Cr Gold Loan Non- Gold Loan CAGR: 33.8% Disbursements 8,606 18,788 753 4,186 5,933 13,579 5,578 5,205 10,748 4,395 649 4,202 998 760 7,470 3,312 954 7,853 5,893 14,602 4,379 1,955 5,284 760 9,377 4,580 4,445 1,732 7,436 3,441 5,133 5,515 2,647 FY20 FY21 FY22 FY23 FY24 FY25 Q3 F
Slide 20: Disbursements
Disbursements ₹ Cr Small Ticket LAP & HL Medium Ticket LAP Business Loan 1,475 2,303 1,367 1,102 1,119 1,004 1,359 878 765 1,091 671 370 597 518 328 287 210 246 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 270 725 220 200 206 208 562 554
Slide 21: Gold Loan : Key Metrics
Gold Loan : Key Metrics AUM Per Branch (₹Cr) Gold Tonnage Branch Count 484 484 486 543 594 11.3 11.2 11.1 11.2 13.0 13.3 12.1 12.4 10.7 10.7 Q3 FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3 FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Active Customer Base (# Lakh) LTV : AUM 2.6 2.6 2.6 2.7 69.5% 65.7% 2.5 63.7% 61.7% 59.
Slide 22: Geographical AUM Mix
Geographical AUM Mix Mortgage Loan Gold Loan 5% 6% 3% 9% 9% 14% 13% 17% 17% 19% 19% 19% 24% 20% 29% 28% 27% 29% 28% 29% 32% 30% 38% 25% 43% 23% 44% 44% 77% 67% 66% 63% 62% 56% 55% 52% 50% 48% 45% 40% 37% 37% FY20 FY21 FY22 FY23 FY24 FY25 Q3 FY26 FY20 FY21 FY22 FY23 FY24 FY25 Q3FY26 South West North
Slide 23: Yields, CoB and Spreads
Yields, CoB and Spreads Spreads Yields Cost of Borrowings Spreads Yields Cost of Borrowings 17.4% 17.1% 17.0% 16.8% 16.8% 15.8% 16.2% 16.2% 15.5% 15.6% 14.5% 8.8% 9.2% 9.0% 8.4% 8.3% 8.6% 8.5% 8.4% 7.4% 7.8% 7.8% 8.2% 8.2% 8.7% 9.0% 8.0% 7.4% 8.1% 8.1% 7.7% 7.2% 6.1% FY 20 FY 21 FY 22 FY 23 FY 24 FY
Slide 24: Off-book
Off-book ₹ Cr AUM AUF Off Book % Product Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Mortgage 7,570 8,796 9,084 5,528 5,968 6,146 27.0% 32.1% 32.3% Gold Loan 5,203 6,731 7,905 4,328 5,436 6,493 16.8% 19.2% 17.9% Business Loan 1,920 375 285 1,366 104 80 28.8% 72.2% 72.1% T
Slide 25: Quality of the Book
Quality of the Book ~75% AUM from customers with CIBIL >7001 Medium Ticket LAP Small Ticket LAP & HL Business Loan 3% 1% 4% 9% 4% 12% 8% 16% 67% 81% 95% >700 650-700 <650 0/-1 >700 650-700 <650 0/-1 >700 <=700 0/-1 Granular loan book with high quality collateral 98.4% 81.8% ₹ 33.2 Lakh AUM secured c
Slide 26: Portfolio Quality Indicators (1/2)
Portfolio Quality Indicators (1/2) Gross Stage III Net Stage III PCR – Stage III 42.3% 2.1% 1.8% 1.9% 32.0% 32.3% 1.3% 1.4% 1.1% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 1+ DPD 30+ DPD ECL Provisions 7.5% 7.5% 7.1% 4.6% 4.4% 4.5% 2.1% 2.0% 2.0% Q3 FY25 Q2 FY26 Q3 FY26
Slide 27: Portfolio Quality Indicators (2/2)
Portfolio Quality Indicators (2/2) ₹ Cr Q3FY26 Gross Stage III % Net Stage III % Particulars Gross Stage Net AUF PCR (%) Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 III Stage III Mortgage 6,146 234.4 128.2 45.3% 3.2% 3.2% 3.8% 1.6% 2.0% 2.1% Gold Loan 6,493 16.5 11.6 30.0% 0.5% 0.4% 0.3% 0.4% 0.
Slide 28: Expected Credit Loss
Expected Credit Loss ₹ Cr Particulars Q3 FY25 Q2 FY26 Q3 FY26 FY 25 Gross Stage 1 Assets 10,805 11,132 12,297 11,107 % of total loan assets 94.4% 94.8% 95.0% 93.8% ECL provision 72.7 59.3 54.2 69.6 ECL provision % of assets 0.3% 0.4% 0.3% 0.3% Gross Stage 2 Assets 431 387 382 493 % of total loan ass
Slide 29: Funding Profile
Funding PortfolioProfile Quality Indicators Funding Profile ALM Position as on 31st December 2025 Daily Average Cost of (Cumulative) ₹ Cr 6% Borrowing* 5% 8.69% 8.72% 8.56% 2,911 1,688 8.19% < 3 months 7.87% 2,820 17% 3,926 < 6 months 2,290 54% 3,788 18% 9,853 < 1 year 5,655 5,271 Term Loans Direct
Slide 30: Financial Performance
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 31: Financials
Financials ₹ Cr Particulars Q3 FY25 Q2 FY26 Q3 FY26 QoQ YoY FY 25 Operational Information Branches (#) 693 699 730 4.4% 5.3% 694 Disbursements 4,395 5,205 8,606 65.3% 95.8% 18,788 AUM 14,912 16,136 17,500 8.5% 17.4% 15,812 Employees (#) 4,761 4,894 5,085 3.9% 6.8% 4,568 Financial Information Net Tot
Slide 32: Balance Sheet
Balance Sheet ₹ Cr Balance Sheet Q3 FY25 Q2 FY26 Q3 FY26 QoQ YoY FY 25 Assets Cash & Cash Equivalents & Other bank Balance 421 499 336 835 Loans 11,263 11,571 12,768 11,646 Investments 590 546 782 404 Other Financial Assets & Receivables 131 477 272 107 Non-Financial Assets 242 270 295 258 Total Ass
Slide 33: Profit & Loss Statement
Profit & Loss Statement ₹ Cr Profit & Loss Statement Q3 FY25 Q2 FY26 Q3 FY26 QoQ YoY FY 25 Interest Income 475.0 501.1 526.8 1858.6 Interest Expenses 221.3 213.8 208.1 853.8 Net Interest Income (Core) 253.7 287.2 318.8 11.0% 25.6% 1004.9 Net Gain on Direct Assignment 19.3 6.6 0.1 65.9 Net Interest I
Slide 34: RoA Tree
RoA Tree RoA Tree Q3 FY25 Q2 FY26 Q3 FY26 FY 25 Interest Income / Average total assets 15.0% 15.1% 15.2% 15.2% Interest Expenses / Average total assets 7.0% 6.4% 6.0% 7.0% Net Interest Income (Core) / Average total assets 8.0% 8.6% 9.2% 8.2% Net Gain on DA / Average total Assets 0.6% 0.2% 0.0% 0.5%
Slide 35: Technology, Digital, ESG & CSR
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 36: Technology Landscape
Technology Landscape Origination Underwriting Loan Operations Customer Service • Seamless API integration between core system & 3rd party partners –multi • Ubiquitous presence in digital universe - • Fully Integrated API stack : OCR, KYC • Cloud based Loan Origination System bureau, E-nach , penny d
Slide 37: Digital Landscape
Digital Landscape Fedfina Loans Fedfina Lite Fedfina Collect 13 Lakh+ Downloads 85%+ Digital Registrations 69%+ Digital Payments Customer Acquisition & Employee Productivity Collection Management Servicing Well established digital presence 37
Slide 38: ESG
ESG ESG : Framework ESG : Purpose Create substantial and profound impact by actively promoting and nurturing a Key Performance Indicators sustainable culture within the workplace, fostering a sense of care and support ESG Policy for employees and undertake initiatives to develop sustainable communit
Slide 39: Making a Change
Making a Change Nation Skill Building As part of our Corporate Social Responsibility (CSR) commitment, FEDFINA is proud to launch a transformative initiative focused on skilling the next generation of finance professionals. This program is designed to equip apprentices with industry-relevant skills
Slide 40: Thank You
THANK YOU investor@fedfina.com www.fedfina.com
Fedbank Financial Services — Q3 FY26 Earnings Presentation on 6ix