Fedbank Financial Services Ltd. · NSE:FEDFINA
Fedbank Financial Services — Q2 FY27 Earnings Presentation
42 slides from Fedbank Financial Services's earnings presentation, Oct 15, 2026
Slide 1: Exchange intimation letter for investor presentation
October 15, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 SYMBOL: FEDFINA SCRIP CODE: 544027 Dear Sir/Madam, Sub.: Investor meet Presentation Ref.: Our letter dated
Slide 2: Fedbank Financial Services Investor Presentation Q2 FY27
FEDBANK FINANCIAL SERVICES INVESTOR PRESENTATION Q2 FY27 EMPOWERING EMERGING INDIA WITH EASY ACCESS TO LOANS
Slide 3: 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 4: Table Of Content
Table Of Content Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 5: Executive Summary: Q2 FY27
Executive Summary : Q2 FY27 Business ⮚ AUM grew 36.6% YoY to ₹22,035 Cr ⮚ Disbursals increased by 28.3% YoY to ₹6,676 Cr ⮚ Gold Loan AUM grew 77.0% YoY to ₹11,917 Cr ⮚ Net growth in Gold AUM of ₹726 Cr in this quarter ⮚ Mortgage AUM grew 13.5% YoY to ₹9,982 Cr Branches ⮚ Commissioned 74 new branches
Slide 6: Q2 FY27 Result Summary
Q2 FY27 Result Summary YoY QoQ ₹22,035 Cr ₹6,676 Cr ₹130.8 Cr ₹3,165 Cr 84.4 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 36.6% 4.2% 28.3% -1.2% 63.1% 14.3% 16.8% 5.4% 16.3% 5.3% 99.4% ₹14,602 Cr 21.0% 831 5,920 Secured AUM Borrowings1 CRAR Branches Employees3 171bps 18bps 4
Slide 7: Our Historical Performance
Financials Our Historical Performance ₹ Cr Particulars FY19 FY20 FY21 FY22 FY23 FY 24 FY 25 FY 26 H1 FY27 Branches (#) 149 303 359 516 575 621 694 757 831 Employees (#) 964 1,890 2,125 2,855 3,570 4,298 4,568 5,303 5,920 Disbursements 1,969 4,380 5,894 7,470 10,749 13,579 18,788 31,410 13,436 AUM 2,
Slide 8: RoA & RoE Trajectory
RoA & RoE Trajectory ROA and ROE 17.0% 3.4% 16.5% 15.4% 15.5% 3.2% 14.0% 14.5% 3.0% 12.7% 2.8% 13.5% 2.8% 12.0% 12.5% 11.4% 11.6% 2.6% 2.6% 2.6% 2.5% 11.5% 2.4% 10.5% 2.4% 2.3% 9.5% 2.2% 2.2% 8.5% 2.0% 7.5% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1FY27 Q2FY27 ROA ROE Steady improvement quarter-on-q
Slide 9: Who we are
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 10: 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.” Gold Loan ➢ Target Segment: Catering to MSMEs with tailored loan solutions. ➢ Geographical Presence: Wider footprint across
Slide 11: Our Board of Directors
Our Board of Directors (as on September 30th 2026) Shyam Srinivasan K.V.S. Manian Harsh Dugar Sunil Gulati Non- Executive Chairman Nominee Director Nominee Director Independent Director Ramesh Sundararajan Sonal Dave Mona Bhide Muralidharan Rajamani Independent Director Independent Director Independ
Slide 12: Management Team
Management Team Parvez Mulla MD & CEO C.V. Ganesh Vikram Rathi Anila Rajneesh Praful Rajpopat Chief Financial Officer Chief Risk Officer Chief Human Chief Credit Officer Resource Officer Jagadeesh Rao K Sureshkumar Shardul Kadam CBO - Gold Loan & Mortgage CBO – Mortgage Chief Transformation (Small T
Slide 13: Shareholding Pattern
Shareholding Pattern Shareholding : 30th September 2026 Top Institutional Shareholders : 30th September 2026 Investor Details % Holding Federal Bank Ltd 60.6% Others 17.8% Nomura India Investment 6.9% Bandhan Mutual Fund 4.2% FII 9.7% Unifi Capital (Blend II and BCAD) 2.2% Federal Bank 60.6% SBI Lif
Slide 14: Our Growth Journey
Our Growth Journey FY22 – FY26 • AUM: ₹202 bn (FY26) • Branches: 757 (FY26) • Employees: 5,303 (FY26) H1 FY27 FY20 – FY22 • AUM: ₹ 220 bn Credit Rating • Branches: 831 • AUM: ₹62 bn (FY22) upgraded to Long-term • Employees: 5,920 • Branches: 516 (FY22) AA+/Stable by FY17 – FY19 credit rating • Emplo
Slide 15: 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 16: 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 17: Our Product Suite
Our Product Suite Mortgage Loans Category Gold Loans Medium Ticket LAP Small Ticket LAP and HL AUM 11,917 6,059 3,922 (₹Cr) (54.1%) (27.5%) (17.8%) (% of total) Avg. Ticket Size 2.3 70.8 16.6 (₹ Lakh) Disbursement (₹Cr) 5,822 645 210 (Origination Yield) (17.7^%) (12.0%) (14.9%) Average Origination 7
Slide 18: Our Customers
Our Customers Category Gold Loan Medium Ticket LAP Small Ticket LAP Customer Tailoring Biryani Restaurant Precision Tools Fabrication Unit Business Purchase additional sewing machine & Expansion and refurbishment Requirement Purchase of machinery renovate the shop of existing outlet Credit ▪ Collate
Slide 19: Our Footprints
Our Footprints Comprehensive Branch Network Branch & AUM Mix 10 <1% 831 18 192 25% Branches States 295 40% and UTs Branch AUM 15 1 Mix Mix 8 39 51 334 35% 40 38 145 South West North East South West North East 26 10 2 156 Branch Expansion 44 Gold Loan Co-Located MSME Hubs More than 70 branches 757 83
Slide 20: Our Business
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 21: Disbursements & AUM
Disbursements & AUM ₹ Cr Gold Loan Non- Gold Loan CAGR: 43.2% Disbursements 11,665 31,410 921 3,084 8,606 753 6,760 6,676 18,788 13,579 4,186 5,205 673 855 28,326 10,744 10,748 760 4,202 7,853 7,470 3,312 14,602 6,087 5,822 1,955 4,445 7,436 9,377 5,515 FY22 FY23 FY24 FY25 FY26 Q2 FY26 Q3 FY26 Q4 FY
Slide 22: Disbursements
Disbursements ₹ Cr Gold Loan Medium Ticket LAP Small Ticket LAP & HL 28,326 2,303 1,475 2,180 1,102 1,004 1,359 904 14,602 765 1,091 9,377 7,436 518 5,515 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 FY 22 FY 23 FY 24 FY 25 FY 26 10,744 632 645 554 545 289 529 7,853 206 208 210 6,087
Slide 23: Gold Loan: Key Metrics
Gold Loan : Key Metrics AUM Per Branch (₹Cr) Gold Tonnage YoY Growth: 16% 17.7 16.9* 16.5 12.6 12.7 12.9 12.4 13.3 11.1 11.2 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Number of Gold Branches Portfolio LTV 706 628 632 67.9% 68.0% 594 61.7% 60.9% 543 59.3% Q2 FY26
Slide 24: Geographical AUM Mix
Geographical AUM Mix Gold Loan Mortgage Loan <1% <1% 9% 6% 9% 13% 17% 17% 14% 19% 20% 20% 19% 24% 30% 32% 27% 28% 29% 32% 29% 38% 30% 43% 25% 44% 44% 23% 44% 23% 63% 66% 62% 55% 56% 52% 50% 45% 47% 45% 40% 37% 36% 35% FY21 FY22 FY23 FY24 FY25 FY26 Q2 FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q2 FY27 South
Slide 25: Yields, CoB and Spreads
Yields, CoB and Spreads Spreads Yields Cost of Borrowings Spreads Yields Cost of Borrowings 16.7% 17.1% 16.7% 17.0% 16.8% 16.8% 16.7% 16.0% 16.1% 16.4% 8.6% 9.0% 8.1% 8.4% 7.8% 7.8% 7.8% 7.8% 7.7% 7.9% 8.2% 8.3% 8.2% 8.6% 8.7% 9.0% 9.0% 8.6% 8.8% 8.1% FY 22 FY 23 FY 24 FY 25 FY 26 Q2 FY26 Q3 FY26 Q4
Slide 26: Funding Profile and ALM Position
Funding PortfolioProfile Quality Indicators Funding Profile ALM Position as on 30th September 2026 Daily Average Cost of (Cumulative) ₹ Cr Borrowing* 9% 3,477 7% 8.19% < 3 months 186 7.87% 7.83% 7.80% 7.79% 3,291 37% 5% 7,536 < 6 months 2,398 12% 5,138 14,350 < 1 year 7,506 14% 6,844 16% 16,626 Term
Slide 27: Off-book
Off-book ₹ Cr AUM AUF Off Book % Product Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Mortgage 8,796 9,777 9,982 5,968 6,714 6,803 32.1% 31.3% 31.8% Gold Loan 6,731 11,191 11,917 5,436 9,473 9,421 19.2% 15.3% 20.9% Business Loan 375 167 135 104 48 38 72.2% 71.1% 71.7% Tota
Slide 28: Quality of the Book
Quality of the Book ~78% Mortgage AUM with CIBIL >7001 Medium Ticket LAP Small Ticket LAP & HL Business Loan 3% 2% 8% 6% 12% 7% 15% 70% 83% 94% >700 650-700 <650 0/-1 >700 650-700 <650 0/-1 >700 <=700 Granular loan book with high quality collateral 99.4% 82.1% ₹ 37.7 Lakh AUM secured collateral Mort
Slide 29: Portfolio Quality Indicators (1/2)
Portfolio Quality Indicators (1/2) Stage I Stage II Stage III 94.8% 95.8% 94.6% 3.6% 3.3% 2.7% 1.9% 1.8% 1.6% Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Gold and Mortgage Stage III PCR Net Stage III Gold Mortgage 38.4% 35.4% 3.2% 3.4% 3.4% 32.0% 1.3% 1.2% 1.0% 0.4% 0.5%
Slide 30: Portfolio Quality Indicators (2/2)
Portfolio Quality Indicators (2/2) ₹ Cr Q2FY27 Gross Stage III % Net Stage III % Particulars Gross Stage Net AUF PCR (%) Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 III Stage III Mortgage 6,803 234.4 146.4 37.5% 3.2% 3.4% 3.4% 2.0% 2.2% 2.2% Gold Loan 9,421 47.6 42.6 10.5% 0.4% 0.1% 0.5% 0.3% 0.
Slide 31: Expected Credit Loss
Expected Credit Loss ₹ Cr Particulars Q2 FY26*^ Q1 FY27 Q2 FY27 Gross Stage 1 Assets 11,132 15,549 15,381 % of total loan assets 94.8% 95.8% 94.6% ECL provision 59.3 52.8 64.8 ECL provision % of assets 0.36% 0.34% 0.42% Gross Stage 2 Assets 387 436 587 % of total loan assets 3.3% 2.7% 3.6% ECL provi
Slide 32: Financial Performance
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 33: Financials
Financials ₹ Cr Particulars Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY FY 26 Operational Information Branches (#) 699 757 831 9.8% 18.9% 757 Disbursements 5,205 6,760 6,676 -1.2% 28.3% 31,410 AUM 16,136 21,136 22,035 4.2% 36.6% 20,153 Employees (#) 4,894 5,376 5,920 10.1% 21.0% 5,303 Financial Information Net
Slide 34: Balance Sheet
Balance Sheet ₹ Cr Balance Sheet Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY FY 26 Assets Cash & Cash Equivalents & Other bank Balance 499 919 827 1391 Loans 11,571 16,015 16,020 14,319 Investments 546 524 799 402 Other Financial Assets & Receivables 477 458 527 452 Non-Financial Assets 270 330 368 311 Total As
Slide 35: Profit & Loss Statement
Profit & Loss Statement ₹ Cr Profit & Loss Statement Q2 FY26 Q1 FY27 Q2 FY27 QoQ YoY FY 26 Interest Income 501.1 657.4 693.2 2101.6 Interest Expenses 213.8 272.7 288.3 879.3 Net Interest Income (Core) 287.2 384.8 404.8 5.2% 40.9% 1222.3 Net Gain on Direct Assignment 6.6 -12.9 -1.2 7.4 Net Interest I
Slide 36: RoA Tree
RoA Tree RoA Tree Q2 FY26 Q1 FY27 Q2 FY27 FY 26 Interest Income / Average total assets 15.1% 15.0% 15.1% 15.0% Interest Expenses / Average total assets 6.4% 6.2% 6.3% 6.3% Net Interest Income (Core) / Average total assets 8.6% 8.8% 8.8% 8.7% Net Gain on DA / Average total Assets 0.2% -0.3% 0.0% 0.1%
Slide 37: Technology, Digital, ESG & CSR
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 38: 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 39: Digital Landscape
Digital Landscape Fedfina Loans Fedfina Lite Fedfina Collect 15 Lakh+ Downloads 88%+ Digital Registrations 59%+ Digital Payments Customer Acquisition & Employee Productivity Collection Management Servicing Well established digital presence 38
Slide 40: ESG: An organization with a purpose
ESG ESG : Framework ESG : Purpose Create substantial and profound impact by actively promoting and nurturing a sustainable culture within the workplace, fostering a sense of care and support for employees and undertake initiatives to develop sustainable communities and protect the environment ESG Po
Slide 41: 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 42: Thank You
THANK YOU investor@fedfina.com www.fedfina.com
Fedbank Financial Services — Q2 FY27 Earnings Presentation on 6ix