Finkurve Financial Services Ltd. · NSE:FINKURVE
Finkurve Financial Services — Investor Presentation (February 2026)
28 slides from Finkurve Financial Services's investor presentation, Feb 7, 2026
Slide 1: Exchange filing cover letter for investor meet presentation
February 07, 2026 To, To, Listing Department The Manager – Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, ‘Exchange Plaza’ Bandra Kurla Complex, Mumbai – 400 001 Bandra (East) Mumbai 400051 Scrip Code: 508954 NSE Symbol: Debt: 9762
Slide 2: Investor Deck – Feb'26 (Q3 FY26)
Investor Deck – Feb’26 (Q3 FY26) NBFC License No. 13.00316 Website - www.arvog.com
Slide 3: Augmont Group: Leading Pioneers of Gold in India
Augmont Group: Leading Pioneers of Gold in India Among India’s Leading Gold One of India’s largest Gold and Silver SPOT Platform Refinery Traded: ~62 tonnes of Gold and 1,035 Tonnes of Silver Capacity: 280+ Tonnes in FY25 Scale Of Operations: Among The Largest 4 Cr+ 98 5,000+ 180+ 555 20+ Customers
Slide 4: Augmont's Journey So Far
Augmont’s Journey So Far Unlisted - AUGMONT ENTERPRISES LTD Listed - FINKURVE FINANCIAL SERVICES LTD Gold Refinery & Digital Platform For Gold Products Tech Enabled NBFC Turnover (FY25): INR 66,252 Cr Turnover (FY25): INR 141 cr Paper Gold Gold SPOT EMI Jewelery Digi Gold Gold For All Gold Loans Ind
Slide 5: Augmont Group Retail Offerings
Augmont Group Retail Offerings GOLD To fund your dreams when you need it the most LOAN We brings the entire gold ecosystem under one roof making gold loans a cornerstone of its end-to-end gold offering.
Slide 6: Performance Highlights
Performance Highlights In Rs. crore Q3FY26 Q3FY25 YoY Q2FY26 QoQ Assets Under 833.15 381.08 119% 671.35 24% Management* Gold Kgs under management 970.57 617.52 57% 889.12 9% Branches 98 72 36% 92 07% Leverage 1.67 0.90 98% 1.15 45% Total Disbursement 1,374 995 38% 795 73% Number of active customers
Slide 7: Strategic Foundation
Strategic Foundation Technology-Led Operating Platform Gold Ecosystem Strength & Promoter • Proprietary Loan Origination & Legacy Management System • 100-year leadership in India’s gold industry, • Built in RBI compliant controls and audit including the first Gold ETF filing trails • India’s leading
Slide 8: Promoter Group Legacy
Promoter Group Legacy Over 25+ year of gold industry experience • Build flagship brand “Augmont” over the past 2 and a half decade 25 • Filed worlds first Gold ETF with SEBI • Expanded into India’s largest digital gold platform serving 37+ mn customers India’s lending digital gold ecosystem • Refine
Slide 9: Promoter & Board of Directors
Promoter & Board of Directors Ketan Kothari - Promoter – Director Priyank Kothari - Director • MBA from Nottingham University, UK • Master’s in Entrepreneurship, Innovation and Enterprise • Over 20 years of experience in precious Metals and Development. Finance. • 5+ years as credit and risk underwr
Slide 10: Advisory Board
Advisory Board Mr. CVR Rajendran • With an incredible career spanning 44 years in the banking and financial sectors, Mr. Rajendran brings a wealth of knowledge and invaluable experience. • His leadership journey includes serving as the CEO of CSB Bank, Chairman and Managing Director of Andhra Bank,
Slide 11: Key Managerial Personnel
Key Managerial Personnel Naveen Kottala, CEO: Aakash Jain, CFO: Kajal Parmar, CS: • 15+ years of leadership in gold loan and MSME • Chartered Accountant since 2014, has 10+ years • Company Secretary and Compliance Officer of lending, driving profitability, governance, and tech of experience in finan
Slide 12: Journey So Far
Journey So Far • Company was • Raised INR • Divested from Arvog • Partnered with RBL incorporated in 1984 113 cr Forex to focus on core Bank for co-lending of as Sanjay Leasing through segments, used the gold loans Ltd. preferential proceeds to expand • Entered debt capital issue gold loan services,
Slide 13: Shifting focus to Retail Gold Loans
Shifting focus to Retail Gold Loans Corporate Loans Strategic Shift Retail Gold Loans Product Mix: Gold Loans as % of Loan Book 93% Lower Risk 91% 91% 89% Faster Capital 75% Rotation 39% Scalable Retail Growth FY23 FY24 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Retail Gold Loans now dominate the loan book
Slide 14: Key Offerings with Retail Focus
Key Offerings with Retail Focus Asset-Backed Secured Credit • Gold loans secured against physical gold collateral • Loan amounts determined by asset value and RBI-prescribed LTV norms • Direct, branch led operations drive operational control, faster disbursement, and consistent asset quality • Conse
Slide 15: Gold Loan Strengths
Gold Loan Strengths Customer Strong Centralized System Lowest Fraud Levels Dual-Checking Mechanism Sourcing All branches operate on a Continuous video monitoring and Maker checker framework ensures centralized platform with real-time in-person verification reduce that every transaction and vault KYC
Slide 16: Pan India Presence
Pan India Presence Arvog Gold Loan Branches & Avg. GL AUM (Rs. Cr) 98 Branches Digital presence 98 73 60 7.8 31 17 5.2 47 4 13 Karnataka 33 Andhra Pradesh 3.0 3.2 2.8 13 33 47 Telangana 05 Tamil Nadu 1.4 Gold Loan states & No of Touchpoints FY21 FY22 FY23 FY24 FY25 9MFY26 05 Branch Avg GL per branch
Slide 17: Expansion Strategy
Expansion Strategy Branch Expansion: Technology Enablement: Execution: • Cluster-led expansion in high gold- • End-to-end digitized origination and • Digitized loan origination and ownership Tier-2/3 markets to drive repeat servicing to drive faster turnaround and servicing for faster turnaround and
Slide 18: Lenders Profile
Lenders Profile NBFC Partners Banking Partners Co-lending of Gold Loans
Slide 19: Funding Mix & Cost of Borrowing
Funding Mix & Cost of Borrowing Funding Mix Cost of borrowing (%) 26.7% 11.5 11.2 10.2 43.4% Term Loans NCD 29.9% OD/WCDL FY24 FY25 9MFY26 Diversified borrowing mix driving reduction in average cost of funds, ensuring a stable, quality funding base
Slide 20: Overall Portfolio Analysis - Quarterly
Overall Portfolio Analysis - Quarterly Total AUM* (INR cr) NIM Collection Efficiency 833 17.7% 17.0% 16.9% 93.0% 93.0% 94.0% 94.0% 671 15.9% 15.2% 83.0% 542 440 381 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 GNPA (%) NNPA (%) 2.3% 1.8% 1.
Slide 21: Gold Loan Analysis - Quarterly
Gold Loan Analysis - Quarterly Gold Loan AUM* (INR cr) Gold Holdings (Kg) 779 971 889 612 796 701 496 618 379 310 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Average Ticket Size (INR in ‘Lakh) LTV Ratio (%) 1.52 71.1% 66.3% 69.1% 65.8% 64.4% 1.34 1.34 1.29 1.31 Q3FY25 Q4FY2
Slide 22: Key Ratios
Key Ratios Capital Adequacy Return on Average Equity 50.6% 11.5% 39.3% 8.4% Q3FY25 Q3FY26 Q3FY25 Q3FY26 Return on Average Loan Asset Debt to Equity (x) 6.3% 1.7 3.7% 0.9 Q3FY25 Q3FY26 Q3FY25 Q3FY26
Slide 23: Profit & Loss Statement – Q3 FY26
Profit & Loss Statement – Q3 FY26 Particulars (INR cr) Q3 FY26 Q2 FY26 QoQ (%) Q3 FY25 YoY (%) Revenue From Operations Interest income 42.26 34.03 20.76 Fees and commission income 9.12 13.89 17.38 Net gain on fair value changes 0.58 0.14 1.73 Total Revenue from operations 51.96 48.05 8.15% 39.87 30.
Slide 24: Profit & Loss Statement – 9M FY26
Profit & Loss Statement – 9M FY26 Particulars (INR cr) 9M FY26 9M FY25 YoY (%) Revenue From Operations Interest income 102.89 57.08 Fees and commission income 36.25 41.38 Net gain on fair value changes 0.76 1.73 Total Revenue from operations 139.89 100.20 39.62% Other Income 0.76 0.44 Total Income 1
Slide 25: Balance Sheet as on 30th September 2025
Balance Sheet as on 30 th September 2025 As on 30th As on 31st As on 30 th As on 31 st Liabilities (INR cr) Assets (INR cr) Sep’25 Mar’25 Sep’25 Mar’25 Financial Liabilities Financial assets Total o/s dues of micro enterprises and Cash and cash equivalents 38.62 15.45 0.16 0.17 small enterprises Ban
Slide 26: Profit & Loss Statement – Annual
Profit & Loss Statement – Annual Particulars (INR cr) FY25 FY24 YoY (%) Revenue From Operations Interest income 80.17 52.37 Fees and commission income 58.59 36.96 Net gain on fair value changes 1.73 0.71 Total Revenue from operations 140.48 90.04 56.02% Other Income 0.58 0.22 Total Income 141.06 90.
Slide 27: Shareholding as on 31st December 2025
Shareholding as on 31 st December 2025 Shareholding (%) 30.6% Promoters Group (Ketan Kothari & Others) Thomas John Muthoot (on Behalf of Muthoot bankers) 56.3% Other Public Shareholders 13.2%
Slide 28: Thank you
Thank you For more information please contact: Adfactors PR – Investor Relations Finkurve Financial Services Ltd. Mr. Smit Shah / Ms. Hanishi Shah Mr. Aakash Jain Email id – Email id – smit.shah@adfactorspr.com / investorrelations@arvog.com hanishi.shah@adfactorspr.com
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