Arman Financial Services Limited · NSE:ARMANFIN

Arman Financial Services — Q1 FY2027 Earnings Presentation

35 slides from Arman Financial Services's earnings presentation, 2026

  1. Slide 1: Arman Financial Services Limited Q1FY27 Investor Presentation

    Arman Financial Services Limited Q1FY27 Investor Presentation

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Arman Financial Services Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any

  3. Slide 3: Business Update

    Business Update Efficient Liability Management About the Company Financial Performance Product Offerings 3

  4. Slide 4: Q1FY27 Performance Highlights

    Q1FY27 Performance Highlights Assets Under Active Customer Disbursement Collection Efficiency Management Base INR 2,925 Crore INR 686 Crore Approximately 96.6% 6.3 Lakhs For Q1FY27 (35.7% Y-o-Y) (76.1% Y-o-Y) Financial Strength Asset Quality Capital Position & Returns INR 202 Crore Total Income (33.

  5. Slide 5: About the Company

    Business Update Efficient Liability Management About the Company Financial Performance Product Offerings 5

  6. Slide 6: About Arman Financial Services

    About Arman Financial Services About the Company Efficient Liability Management A diversified NBFC focusing on large under-served rural & semi- • Consistent rating upgrades backed by strong financial & operating performance urban retail markets ➢ Namra & Arman credit rating reaffirmed to A- (Stable

  7. Slide 7: Journey So Far

    Journey So Far • Upgraded to A- (Stable) from BBB+ • AUM crossed INR 1,000 by CARE Ratings for Arman and • Expanded to Namra in Mar-24 Crore Maharashtra, MP, • Raised ~INR 115 Crore • Namra & Arman upgraded to A UP & Uttarakhand through allotment of CCDs (Stable) by Acuite Ratings in Aug- • Listing

  8. Slide 8: Geographical Presence

    Geographical Presence Geographical AUM Mix (Consolidated) Number of Q1FY27 Q1FY26 Branches Microfinance 424 391 12.3% 15.5% 4.9% MSME 128 97 9.6% 5 11 2W & Rural 2W 4 4 14.4% 2.7% 107 Total 556 492 60 21.3% 2.5% 70 2.2% 26 1.6% 100 88 26.9% 0.6% 47 27 Gujarat Uttar Pradesh Madhya Pradesh Bihar Rajas

  9. Slide 9: Strong Underwriting by Leveraging Digital Transformation

    Strong Underwriting by Leveraging Digital Transformation Instant Verification Of Key Details Traceability Customer Gain Loan Management • Better customer traceability by 4D customer • Paperless disbursement through eSign • Loan Utilization check • The LOS & LMS System facilitates instant verificatio

  10. Slide 10: Eminent Board of Directors

    Eminent Board of Directors Alok N. Prasad| Chairman Jayendrabhai B. Patel| Whole Time Director* • A veteran banker with over 35 years of regulatory, banking and financial services • He has been an entrepreneur for 45 years. He was involved in a pharmacy business in a USA experience, with Senior posi

  11. Slide 11: Competitive Moat

    Competitive Moat Focus on small ticket retail loans to the large under Business model centered around served informal segment customer in rural & semi conservative approach to high yielding urban geographies assets to deliver a sustainable ROA of 5-6% Diversifying products, geographies, sources of C

  12. Slide 12: Product Offerings

    Business Update Efficient Liability Management About the Company Financial Performance Product Offerings 12

  13. Slide 13: Product Offerings across Verticals

    Product Offerings across Verticals Individual Business Microfinance - JLG Loans - Microfinance MSME Loans Average Ticket Size Average Ticket Size Average Ticket Size INR 58,000 INR 92,000 INR 86,000 (Cycle 1 & 2 -INR 25K – 60K Cycle 3+ -INR 25K – 75K) 41.13% 32.94% 19.58% Tenure Tenure Tenure 12 - 2

  14. Slide 14: Microfinance & MSME Loans

    Microfinance & MSME Loans (INR Crore) Microfinance Loans MSME Loans AUM* Disbursement Avg. Ticket (INR) AUM Disbursement Avg. Ticket (INR) 2,167 530 76,000 573 125 86,000 468 75,000 1,554 97 50,000 270 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 *Includes Indi

  15. Slide 15: Two-Wheeler & LAP Loans

    Two-Wheeler & LAP Loans (INR Crore) Two-Wheeler Loans LAP Loans AUM Disbursement Avg. Ticket (INR) AUM Disbursement Avg. Ticket (INR) 93 17 76,000 76,000 90 13 567,000 75 13 10 470,000 59 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 25.41% 3.50% 1.49% 25.06% 1.

  16. Slide 16: Collection Efficiency

    Collection Efficiency Microfinance MSME Two-Wheeler Total 96.6% 96.6% 96.9% 96.3% 96.3% 96.4% 95.4% 95.4% 97.7% 96.5% 96.5% 96.8% Apr-26 May-26 Jun-26 Apr-26 May-26 Jun-26 Apr-26 May-26 Jun-26 Apr-26 May-26 Jun-26 Two- Particulars (INR Crore) Microfinance MSME Total Wheeler Update on Collections • C

  17. Slide 17: Asset Quality

    Asset Quality PAR 31-90 (%) Movement GNPA 4.7% 5.0% 6.1% 4.3% 3.8% 3.9% 4.0% 3.7% 3.8% 3.5% 3.8% 3.4% 3.4% 3.4% 3.4% 2.6% 4.7% 4.0% 0.7% 0.3% 1.5% 2.9% 3.0% 2.5% 2.4% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 1.6% 1.6% 1.3% 1.3% 0.9% 0.9% NNPA 0.8% 0.7% 0.1% 0.3% 0.7% 0.5% 2.1% 1.9% 1.9% Jun-25 Sep-25 Dec-

  18. Slide 18: Efficient Liability Management

    Business Update Efficient Liability Management About the Company Financial Performance Product Offerings 18

  19. Slide 19: Strong Capitalization with Sufficient Liquidity

    Strong Capitalization with Sufficient Liquidity Capital Adequacy Ratio Net worth (INR Crore) ALM Position (in Months) 57.8% 979 20 50.1% 52.3% 892 933 19 861 872 18 17 17 16 16 16 41.0% 38.8% 15 15 38.2% 38.7% 38.3% 33.6% 27.9% 30-Jun-25 30-Sep-25 31-Dec-25 31-Mar-26 30-Jun-26 Jun-25 Sep-25 Dec-25 M

  20. Slide 20: Borrowing Profile

    Borrowing Profile Borrowing Mix (%) Incremental Cost of Borrowing (%) (INR Crore) 1,880 2,225 2,403 12.0% 12.0% 12.0% 11.8% 11.7% 1,621 1,695 23.8% 23.8% 29.1% 32.8% 30.2% 1.7% 1.0% 0.4% 2.6% 15.3% Q1 FY 2 6 Q2 FY 2 6 Q3 FY 2 6 Q4 FY 2 6 Q1 FY 2 7 3.4% 18.2% 15.7% 14.6% 1.8% 13.0% 3.1% 0.9% Top 5 Le

  21. Slide 21: Strong & Diversified Lender Base

    Strong & Diversified Lender Base Bank Borrowings Non Bank Borrowings Securitization Partners Online Bond Platform Provider (OBPP) & Bond Market Partners NCDs & ECB The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 21

  22. Slide 22: Financial Performance

    Business Update Efficient Liability Management About the Company Financial Performance Product Offerings 22

  23. Slide 23: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement Particulars (INR Crore) Q1FY27 Q1FY26 YoY % Q4FY26 QoQ% FY26 Income from Operations 201.8 151.0 175.6 645.9 Other Income 0.0 0.0 0.0 0.0 Gross Total Income 201.8 151.0 34% 176 15% 645.9 Finance Costs 64.3 52.2 52.8 205.4 Net Total Income (NTI) 137.5 98.8 39% 122.

  24. Slide 24: Balance Sheet – 30th June 2026

    Balance Sheet – 30th June 2026 Particulars (INR Crore) Consolidated Standalone Particulars (INR Crore) Consolidated Standalone ASSETS Jun-26 Mar-26 Jun-26 Mar-26 LIABILITIES & EQUITY Jun-26 Mar-26 Jun-26 Mar-26 Financial Assets Equity Share capital 10.5 10.5 10.5 10.5 Cash and cash equivalents 107.8

  25. Slide 25: Consolidated Business Performance

    Consolidated Business Performance (INR Crore) AUM Disbursement Gross Total Income 2,925 951 202 2,728 176 2,274 151 159 160 2,156 2,130 686 618 475 390 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Net Total Income Pre-provision Operating Pr

  26. Slide 26: Consolidated Business Performance

    Consolidated Business Performance Net Interest Margin (%) Cost to Income Ratio (%) Yield (%) 17.4% 51.7% 25.5% 25.9% 25.9% 25.6% 26.5% 16.7% 16.6% 17.2% 48.9% 49.9% 16.0% 44.0% 44.3% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Asset Qualit

  27. Slide 27: Standalone P&L Statement (2W, MSME & LAP)

    Standalone P&L Statement (2W, MSME & LAP ) Particulars (INR Crore) Q1FY27 Q1FY26 YoY % Q4FY26 QoQ% FY26 Income from Operations 65.9 50.3 60.2 215.8 Other Income 0.1 0.5 0.2 1.4 Gross Total Income 66.0 51 30% 60.4 9% 217.2 Finance Costs 19.8 12.0 17.2 57.0 Net Total Income (NTI) 46.2 38.8 19% 43.1 7%

  28. Slide 28: Standalone Business Performance

    Standalone Business Performance (INR Crore) AUM Disbursement Gross Total Income* 730 758 213 60.4 657 93 21 55.7 623 94 51.6 5.9 163 47.5 49.2 5.9 572 91 156 5.6 75 4.9 75 140 32 17 4.9 117 16 573 13 172 554 49.1 473 489 41.8 45.5 460 99 115 125 40.7 40.6 94 75 77 80 90 25 19 36 2 3 10 1 16 2 1 13 1

  29. Slide 29: Namra Finance (Microfinance Business) - P&L Statement

    Namra Finance (Microfinance Business) - P&L Statement Particulars (INR Crore) Q1FY27 Q1FY26 YoY% Q4FY26 QoQ% FY26 Income from Operations 137.7 101.8 117.06 432.9 Other Income 0.0 0.0 0.0 0.0 Gross Total Income 137.8 101.8 35% 117.1 18% 432.9 Finance Costs 46.3 41.3 37.2 151.2 Net Total Income (NTI)

  30. Slide 30: Namra Finance (Microfinance Business) Performance - (1/2)

    Namra Finance (Microfinance Business) Performance - (1/2) (INR Crore) AUM Disbursement Gross Total Income 2,167 738 138 1,999 117 1,618 102 107 107 1,554 1,507 530 455 335 270 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Net Total Income Pr

  31. Slide 31: Namra Finance (Microfinance Business) Performance - (2/2)

    Namra Finance (Microfinance Business) Performance - (2/2) Net Interest Margin (%) Cost to Income Ratio (%) Yield (%) 14.8% 14.9% 15.4% 47.9% 50.1% 49.7% 48.6% 23.4% 24.2% 23.1% 24.3% 14.0% 22.6% 43.4% 12.4% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4

  32. Slide 32: AUM and Disbursements Trends

    AUM and Disbursements Trends Total AUM (INR Crore) Total Disbursements (INR Crore) 2,728 2,639 2,433 2,297 14% 2,245 20% 14% 20% 3% 1,943 3% 20% 3% 1,767 3% 3% 1,713 13% 3% 13% 3% 1% 3% 23% 1,233 4% 13% 1,024 4% 83% 880 74% 860 814 73% 778 14% 82% 75% 16% 4% 685 17% 15% 84% 12% 84% 11% 6% 547 12% 10

  33. Slide 33: Historical Metrics

    Historical Metrics Gross and Net Total Income Yield & NIM (%) Asset Quality (INR Crore) COVID-19 Demonetization Demonetization COVID-19 730 6.7% Demonetization COVID-19 662 646 28.3% 27.4% 26.7% 25.5% 24.4% 25.2% 25.3% 22.9% 23.4% 491 21.5% 424 440 396 16.5% 16.5% 4.6% 15.9% 15.4% 15.1% 3.3% 14.0% 1

  34. Slide 34: Annexure

    Annexure • Gross Interest Income = Interest Income + processing fees / other charges • Net Interest Margins = Net Interest Income / Average AUM (On + Off-Book) • Yields = Gross Interest Income / Avg. AUM (On + Off Off-Book) • Cost-to -Income Ratio = Opex (excl. provisions) / Net Total Income • GNPA

  35. Slide 35: Thank You!

    Thank You! Company: Investor Relations Advisors: Arman Financial Services Limited Strategic Growth Advisors Pvt. Ltd. CIN: L55910GJ1992PLC018623 CIN: U74140MH2010PTC204285 Mr. Vivek Modi Mr. Abhishek Shah / Ms. Krunali Shah Executive Director & Group CFO abhishek.shah@sgapl.net / krunali.shah@sgapl.

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