Laxmi India Finance Limited · NSE:LAXMIINDIA
Laxmi India Finance — Q3 FY26 Earnings Presentation
46 slides from Laxmi India Finance's earnings presentation, Feb 17, 2026
Slide 1: Exchange filing cover letter
Ref. No.: LIFL/SLC/2025-26/49 Date: February 17, 2026 To, To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block G, Mumbai – 400 001(Maharashtra) Bandra Kurla Complex, Ban
Slide 2: Laxmi India Finance Limited Q3 and 9M Investor Presentation
LAXMI INDIA FINANCE LIMITED “Sapne dekho bade dekho, Hamare sath unhe pura hote dekho” Q3 and 9M Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in re spect of Laxmi India Finance Limited ("Company") together with its subsidiaries, as applicable (together, with the Company, the "Group") only, without re gard to any specific objectives, suitability, financial situ
Slide 4: Table of Content
Table of Content 01 Q3 and 9M Financial & Operational Highlights 02 Strategic Priorities & Competitive Strengths 03 Business Model & Operating Engine 04 Technology, Credit & Collections 05 Customer & Product Profile 06 Governance, Management & Capital Confidence
Slide 5: Q3 and 9M Financial & Operational Highlights
Q3 and 9M Financial & Operational Highlights
Slide 6: 9M FY26 Operational and Financial Snapshot
9M FY26 Operational and Financial Snapshot Assets Under Management Profit Before Tax (PBT) Return On Net 170 Branches (AUM) 37.33% Worth ₹ 38.97 Cr. ₹ 1,451.10 Cr. (Dec’24: ₹ 28.38 Cr.) Profit After Tax (PAT) 11.04% Uttar Pradesh 21.11% 36.01% Rajasthan (Dec’24: ₹ 1,198.12 Cr.) ₹ 29.10 Cr. (Dec’24:
Slide 7: Consistent NII and PAT Growth Trajectory
Consistent NII and PAT Growth Trajectory Revenue (In Cr.) Net Interest Income (NII) (In Cr.) 248.04 116.69 226.13 109.67 176.22 173.12 82.59 76.42 129.50 61.92 FY23 FY24 FY25 9M FY25 9M FY26 FY23 FY24 FY25 9M FY25 9M FY26 Operating Expense (In Cr.) Profit After Tax (PAT) (In Cr.) 74.16 74.56 35.91 6
Slide 8: Strong Scale-Up Across AUM, Customers and Network
Strong Scale-Up Across AUM, Customers and Network AUM (In Cr.) Disbursement (In Cr.) 718.53 1,451.10 1,277.02 525.40 520.58 961.40 343.31 686.77 FY23 FY24 FY25 9M FY26 FY23 FY24 FY25 9M FY26 Customer Base Branch Network 40,837 170 158 35,568 135 119 23,906 16,851 FY23 FY24 FY25 9M FY26 FY23 FY24 FY2
Slide 9: NIM and Spreads Expand on Better Pricing Discipline
NIM and Spreads Expand on Better Pricing Discipline NIM (In %) Yield on Avg. Portfolio (In %) 10.82 21.77 21.76 10.47 21.50 10.14 9.53 20.85 FY24 FY25 9M FY25 9M FY26 FY24 FY25 9M FY25 9M FY26 Avg. Cost of Borrowings (In %) Spreads (In %) 10.29 10.82 11.98 9.92 8.87 11.48 11.58 10.94 FY24 FY25 9M FY
Slide 10: Strong Liquidity Position with Stable Return Metrics
Strong Liquidity Position with Stable Return Metrics Liquidity (In Cr.) Net Worth (In Cr.) 178.61 174.43 445.17 140.98 114.11 257.89 242.97 79.68 201.78 152.75 FY23 FY24 FY25 9M FY25 9M FY26 FY23 FY24 FY25 9M FY25 9M FY26 Return on Total Assets (In %) Return on Avg. Net Worth (In %) 2.98 15.62 2.52
Slide 11: Well Positioned to Capture Future Growth
Well Positioned to Capture Future Growth… Debt Equity Ratio Interest Coverage Ratio 4.41 4.24 4.10 1.41 3.87 1.39 2.69 1.35 1.34 1.31 FY23 FY24 FY25 9M FY25 9M FY26 FY23 FY24 FY25 9M FY25 9M FY26 Capital Adequacy Ratio (In %) 28.40 23.10 21.88 20.80 20.76 FY23 FY24 FY25 9M FY25 9M FY26 10
Slide 12: Asset Quality Update
Asset Quality Update Credit Cost (In Cr.) Credit Cost (In %) 11.89 1.20 1.23 11.51 1.03 7.45 0.28 1.95 FY24 FY25 9M FY25 9M FY26 FY24 FY25 9M FY25 9M FY26 GNPA (In %) NNPA (In %) 1.24 2.40 1.07 0.48 0.52 0.97 0.72 0.33 FY24 FY25 9M FY25 9M FY26 FY24 FY25 9M FY25 9M FY26 During the quarter, DA partne
Slide 13: ALM Position as on 31st December 2025
ALM Position as on 31st December 2025 Am oun t in Crores Surplus 47.85 81.69 100.83 155.48 400.28 1,800.00 1,654.17 1,654.17 1,608.45 1,600.00 1,400.00 1,260.13 1,208.16 1,200.00 1,104.65 1,000.00 800.00 604.89 600.00 504.06 400.00 350.36 268.67 199.37 200.00 151.52 - upto 3 months upto 6 months upt
Slide 14: Diversified and Scalable Borrowing Profile
Diversified and Scalable Borrowing Profile Borrowing Mix Incremental Borrowing Mix During FY26 6.66% 0.39% 1.16% 22.45% 21.55% 22.53% 27.46% 15.67% 26.87% 15.01% PSB's Bank's Small Finance Bank 40.25% NBFC/FI's NCD Securitisation PSB's Bank's Small Finance Bank NBFC/FI's Cash Credit 13
Slide 15: Profit & Loss Statement
Profit & Loss Statement Amount in Crores Particulars Q3FY26 Q3FY25 Y-o-Y (%) Q2FY26 Q-o-Q (%) 9MFY26 9MFY25 YoY (%) Interest earned 71.99 57.90 24.32% 71.67 0.44% 210.76 159.38 32.23% Interest expense 34.03 30.42 11.87% 33.82 0.64% 101.09 82.96 21.85% Net interest income 37.95 27.48 38.10% 37.85 0.2
Slide 16: Balance Sheet Statement
Balance Sheet Statement Amount in Crores Particulars Q3FY26 Q3FY25 YoY (%) Q2FY26 QoQ (%) Paid-up Equity 26.13 20.91 24.96% 26.13 0.00% Reserves and Surplus 419.03 222.06 88.70% 409.03 2.44% Total Equity 445.17 242.97 83.22% 435.16 2.30% Borrowings 1,180.87 1,001.18 17.95% 1,091.00 8.24% Debt Securi
Slide 17: Strategic Priorities & Competitive Strengths
Strategic Priorities & Competitive Strengths
Slide 18: Strategic Priorities (Medium-Term Focus)
Strategic Priorities (Medium-Term Focus) Operating Leverage & Profitability Diversified Borrowing & Optimisation of leverage to structurally Liability Strategy improve returns, with a targeted ROA of 3.50% Diversification of borrowing profile by - 3.75% and ROE of 13.50% - 14.00%, driven by explorin
Slide 19: WHY US?
WHY US? Digital – First Operations 01 110+ tech tools incl. Tab – based LOS, Synofin LMS/LOS, Synno CRM; reduced TAT, automated workflows, CKYC, and NPA Management. Laxmi Mitra referral App 02 This app enables real - time tracking and minimal acquisition cost. Experienced Team 03 1,750+ employees wi
Slide 20: Business Model & Operating Engine
Business Model & Operating Engine
Slide 21: Company Overview and Operating Footprint
Company Overview and Operating Footprint Today – 170 Branches across Rajasthan, Gujarat, MP, Chhattisgarh & UP; 2011 - Acquired RBI- serving rural, semi-urban & Diverse Portfolio urban markets. Secured MSME/SME Loans, Mortgage registered NBFC Loans, Business Loans, LAP, Personal Loans, Laxmi India F
Slide 22: Consistent Scale-Up Across AUM, Profitability and Footprint
Consistent Scale-Up Across AUM, Profitability and Footprint Crossed AUM of ₹ Branch Network Crossed AUM of ₹ External credit Upgrade in external Branch network Forayed in new AUM crossed AUM crossed ₹ 1,450 200 Cr. crossed to 65 400 Cr. Rating “BBB+” credit rating to “A-” crossed 100. geography i.e.
Slide 23: Branch-Led, Relationship-Driven Operating Model
Branch-Led, Relationship-Driven Operating Model Distribution at Scale 01 o 170+ touchpoints across Tier II & III markets COLLECTION CENTRE o Deep presence in rural & semi-urban India o Cluster-based branch expansion model Village-level points for deposits and collections Focused Customer Segments 02
Slide 24: Unique Strengths & Differentiated Advantages (USP)
Unique Strengths & Differentiated Advantages (USP) Branch-Led, Relationship - Driven Model 01 Deep presence across Tier II & III markets with branch-embedded Relationship Managers driving sourcing, underwriting, and collections, resulting in superior customer connect and asset quality. Technology -
Slide 25: Technology, Credit & Collections
Technology, Credit & Collections
Slide 26: End-to-End Digital Platform Powering Scalable Lending
End-to-End Digital Platform Powering Scalable Lending 01 02 03 04 05 06 Lead Customer Credit Pre - Loan Loan Generation Onboarding Underwriting Disbursal Disbursal servicing Tab/ Mobile based OKYC/EKYC. Personal discussion E-Nach Digital disbursal Customer App ; CRM sourcing by FOS with customer E-S
Slide 27: Customer Acquisition Model Anchored in Local Presence
Customer Acquisition Model Anchored in Local Presence Branch Led Sourcing Relationship Driven Local Sourcing Semi - Urban Origination Advantage Franchise Model Loan origination is primarily driven Dedicated Relationship Managers Deep understanding of local Cluster-based expansion in through a wide b
Slide 28: Multi-Channel Distribution with Strong Direct Control
Multi-Channel Distribution with Strong Direct Control Direct Branch-Led Sourcing (Primary Channel) o End-to-end sourcing managed by on-ground teams o High control over credit assessment and collections 01 o Core contributor to customer acquisition Social Engagement o 875 On-ground sales team as endi
Slide 29: Conservative and Structured Credit Appraisal Framework
Conservative and Structured Credit Appraisal Framework Product selection 01 Experience of more than a decade in AFC market Conservative Documentation and Field Verification 02 Neighbourhood and reference checks; Strict scrutiny of KYC, collateral and vehicle/property documents Credit Infrastructure
Slide 30: Structured MSME Credit Assessment and Approval Framework
Structured MSME Credit Assessment and Approval Framework Property & Collateral Verification Source of equity Sector • CM/BM visit to residence and business premises Seasonality CIBIL Score • Independent valuation, legal title check and CERSAI registration LTV* Business Margin IRR* 3rd Party check 01
Slide 31: End-to-End Credit Appraisal Process for Vehicle Finance
End-to-End Credit Appraisal Process for Vehicle Finance Field Branch Head Office Lead Generated FOS evaluates suitability of lead as per Telephonic Review (TVR) from Head Office (HO) : Bureau Check Field Investigations Valuation the product policy of the company Fixed Obligation ; Vehicle Details ;
Slide 32: Asset Quality Supported by Branch-Led Collections Framework
Asset Quality Supported by Branch-Led Collections Framework Field-Intensive, Branch-Led Collections 01 o High branch density in core markets o Frequent on-ground borrower engagement o Relationship-based recovery & early warning identification Provisioning Coverage Snapshot Early Delinquency Detectio
Slide 33: Customer & Product Profile
Customer & Product Profile
Slide 34: Core Customer Segments And Target Profiles
Core Customer Segments And Target Profiles Salaried Self-employed MSME Vehicle Segment Business Owners Customers Owners Salaried professionals in Tier II Traders and service providers Micro-enterprises and SHGs in Income-generating & Tier III cities, including in Tier II & III cities semi-urban & ru
Slide 35: Diversified Lending Profile
Diversified Lending Profile Commercial Vehicle Two - Wheeler Tractor Loan Two - Wheeler Loan EV Loan Ticket Size: up to ₹ 7 lakhs Ticket Size: up to ₹ 1.5 lakhs Ticket Size: up to ₹ 10 lakhs Ticket Size: up to ₹ 7 lakhs Purpose: Transportation & Purpose: Personal Use Purpose: Transportation & Purpos
Slide 36: Governance, Management & Capital Confidence
Governance, Management & Capital Confidence
Slide 37: Promoter Profile and Leadership Overview
Promoter Profile and Leadership Overview “ “ Mr. Deepak Baid Managing Director 36
Slide 38: Promoter Profile and Leadership Overview
Promoter Profile and Leadership Overview Mrs. Aneesha Baid Mrs. Prem Devi Baid Whole Time Director Whole Time Director 37
Slide 39: Independent Directors
Independent Directors Mr. Anil Patwardhan Mr. Brij Mohan Sharma Mr. Surendra Mehta Mr. Kalyanaraman Chandra Choodan (Independent Director) (Independent Director) (Independent Director) (Independent Director) 38
Slide 40: Experienced Senior Management Team (1/2)
Experienced Senior Management Team (1/2) Mr. Gopal Krishan Sain Mr. Rohit Mathur Chief Financial Officer National Credit Manager Experience : 12+ years Experience : 12+ years Qualification : CA, B.com Qualification : CA Mr. Priya Kadyan Mr. Piyush Somani Associate Vice President Chief Treasury Offic
Slide 41: Experienced Senior Management Team (2/2)
Experienced Senior Management Team (2/2) Mr. Sanjay Ojha Mr. Shubham Sogani National Collection Head Zonal Head - Legal Experience : 15+ years Experience : 12+ years Qualification : LLB Qualification : LLB, B.Com Mr. Kshitij Agarwal Mr. Siddharth Modi AVP – Human Resources Vice President - IT Experi
Slide 42: Our Lenders (1/3)
Our Lenders (1/3) PSU (9) Private Banks (10) 41
Slide 43: Our Lenders (2/3)
Our Lenders (2/3) Small Finance Banks (7) NBFC & Fl’s (21) 42
Slide 44: Our Lenders (3/3)
Our Lenders (3/3) NBFC & Fl’s (21) 43
Slide 45: Shareholding Pattern – Q3 FY26
Shareholding Pattern – Q3 FY26 As on December 31st, 2025 Foreign Portfolio Category Investor, 3.31% No. of Non- Resident Other Public, No of Shares Amount % Alternative Indians, 0.36% Shareholder 31.27% Investment Fund, 4.61% • Promoter & 10 3,15,98,468 15,79,92,340 60.45% Promoter Group • Other Sha
Slide 46: Thank You
Thank You Investor Relations Rajat Gupta rajat@goindiaadvisors.com +91 99718 9939