Spandana Sphoorty Financial Limited · NSE:SPANDANA

Spandana Sphoorty Financial — Q2 FY27 Earnings Presentation

23 slides from Spandana Sphoorty Financial's earnings presentation, Oct 30, 2026

  1. Slide 1: Stock exchange cover letter for investor presentation

    Ref: SSFL/Stock Exchange/2026-27/078 October 30, 2026 To To BSE Limited, National Stock Exchange of India Limited, Department of Corporate Services Listing Department P. J. Towers, 25th Floor, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 40005

  2. Slide 2: Q2 FY27 & H1FY27 Investor Presentation

    Invested in Bharat! Spandana Sphoorty Financial Limited Q2 FY27 & H1FY27 Investor Presentation Cherial Scroll Painting

  3. Slide 3: Safe Harbor

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

  4. Slide 4: Focused 4P efforts over two years are driving the current turnaround

    Focused 4P efforts over two years are driving the current turnaround Portfolio Quality* Productivity* ca Pital People X-bucket CE Borrowers per branch Equity infusion Strengthened Management Team • MD & CEO 96.2% +3.4% 99.6% 769 +8% 832 ₹ 400 Cr • COO 31 – 90 dpd Borrowers per Loan Officer Debt rais

  5. Slide 5: AUM grew 10% QoQ to ₹5,364 Cr

    AUM grew 10% QoQ to ₹5,364 Cr X-bucket Collections stable; PBT improved to ₹37 Cr Healthy growth in AUM Stable X-bucket Collection Efficiency* Improving financial metrics AUM (₹ Cr) X-bucket CE PBT (₹ Cr) +10% 5,364 99.6% 99.7% 99.7% 99.6% 37 18 4,887 Jun-26 Sep-26 Jun-26 Jul-26 Aug-26 Sep-26 Q1FY27

  6. Slide 6: Loans originated under new credit rules constitute 96% of MFI AUM

    Loans originated under new credit rules constitute 96% of MFI AUM New portfolio contributes 96% of AUM* 98.7% of New portfolio* is current 0.5% 0.6% 0.8% 0.9% 1.1% 1.3% 4,905 4,333 3,840 178 3,417 397 3,296 758 99.5% 99.4% 99.2% 99.1% 98.9% 98.7% 1,386 4,726 2,457 3,936 3,083 1,910 961 Sep-25 Dec-25

  7. Slide 7: X-bucket collection efficiency steady at >99.6% including large states

    X-bucket collection efficiency steady at >99.6% including large states PAR 30+ improved to 3.1% X-bucket collection efficiency (%) & forward flows X-bucket Collection Efficiency^ (%) of key States 99.6% 99.6% Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 100.0% 99.3% 99.5% 99.5% 99.5% 5.0% Andhra Prades

  8. Slide 8: ₹1,379 Cr liquidity and 33.5% CRAR to support future growth

    ₹1,379 Cr liquidity and 33.5% CRAR to support future growth CRAR (%) 4000 Net-worth (₹ Cr) Net-worth (₹ Cr) & & Gearing Gearing(x) (x) 4 3500 3.5 47.0% 3000 2,227 2,343* 3 40.3% 2500 2,121 2,130 2,140 35.9% 33.8% 33.5% 2,429 2000 2,279 2,185 2,194 2,208 2.5 36.5% 1500 2 30.4% 29.8% 28.6% 30.2% 2.0 2

  9. Slide 9: Marginal cost of borrowing improved ~260 bps since Q3FY26

    Marginal cost of borrowing improved ~260 bps since Q3FY26 Banks’ share of total borrowing at 57% Incremental borrowing (₹ Cr) Cost of borrowing (%) 13.2% 12.8% 12.2% 12.6% 12.3% 13.2% 12.1% 12.0% 11.3% 10.6% 3,024 Q2 Q3 Q4 Q1 Q2 FY26 FY26 FY26 FY27 FY27 Cost of Borrowing Marginal Cost of Borrowing 1

  10. Slide 10: Q2FY27 & H1FY27 Results

    Q2FY27 & H1FY27 Results 9

  11. Slide 11: Sustained, positive trend across all performance indicators

    Sustained, positive trend across all performance indicators PPOP up 98% QoQ to ₹79 Cr, ₹37 Cr PBT, GNPA at 2.54% & NNPA at 0.50% Particulars Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Disbursement (₹ Cr) 1,481 1,371 +8% 933 +59% 2,853 1,214 +135% AUM (₹ Cr) 5,364 4,887 +10% 4,08

  12. Slide 12: Active customer base over 11L

    Active customer base over 11L Optimal physical infrastructure to drive future growth No. of Customers (in L) Branch count 1,703 1,667 15.5 176 166 1,457 1,443 1,438 12.9 428 421 160 150 145 11.5 11.1 11.4 349 348 348 1,099 1,080 948 945 945 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Sep-25 Dec-25 Mar-26 Jun

  13. Slide 13: H1 FY27 disbursement up by 135% YoY to ₹2,853 Cr

    H1 FY27 disbursement up by 135% YoY to ₹2,853 Cr AUM (₹ Cr) Disbursement (₹ Cr) QoQ YoY QoQ YoY 10% 59% 8% 135% 2,853 5,364 4,887 4,420 4,088 3,948 1,371 1,481 1,214 933 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Q2FY26 Q1FY27 Q2FY27 H1FY26 H1FY27 AUM concentration of top 5 states at 57% Collection Efficien

  14. Slide 14: PCR at ~80%

    PCR at ~80% Consolidated Standalone Asset Classification Loans ECL Loans ECL % of Loans % of Loans Outstanding Provision Coverage Outstanding Provision Coverage Outstanding Outstanding (₹ Cr) (₹ Cr) (₹ Cr) (₹ Cr) Stage 1 (Current) 5,024 96.3% 21 0.4% 4,592 96.6% 19 0.4% Stage 1 (1 – 30) 31 0.6% 0.1

  15. Slide 15: Higher yields and lower funding costs improved NIM to 13.6%

    Higher yields and lower funding costs improved NIM to 13.6% Key Ratios Q2 FY27 Q1 FY27 QoQ (%) Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Yield (%) 24.9 24.6 +24 bps 19.6 +531 bps 24.8 19.2 +553 bps Cost of borrowing (%) 12.3 12.8 (48) bps 12.2 +14 bps 12.5 12.2 +33 bps NIM (%) 13.6 12.5 +111 bps 8.4 +

  16. Slide 16: Consolidated Income Statement

    Consolidated Income Statement Q2FY27 PBT reached ₹37 Cr as PPOP nearly doubles QoQ Particulars (₹ Cr) Q2FY27 Q1FY27 QoQ Q2FY26 YoY H1FY27 H1FY26 YoY Revenue from Operations Interest income on loans 309 267 16% 210 47% 576 477 21% Net gain on derecognition of financial instruments 0.3 0.1 135% - - 0.

  17. Slide 17: Consolidated Balance Sheet

    Consolidated Balance Sheet ASSETS (₹ Cr) Sep 30, 2026 Mar 31, 2026 LIABILITIES & EQUITY (₹ Cr) Sep 30, 2026 Mar 31, 2026 Financial Liabilities Financial Assets Debt Securities 2,234 2,175 Cash and bank balances 1,114 1,275 Borrowings (Other than Debt Securities) 2,488 1,767 Loan Portfolio 5,011 3,86

  18. Slide 18: Credit Rating – Outlook change by India Ratings

    Credit Rating – Outlook change by India Ratings Spandana Sphoorty Financial Ltd Rating / Outlook Rating Agency Rating Instrument (Current) CRISIL Bank Facilities BBB+ / Stable Bank Facilities / NCD’s BBB+ / Stable CARE CP’s A2 ICRA Bank Facilities / NCD’s BBB+ / Stable India Ratings Bank Facilities

  19. Slide 19: Annexure

    Annexure 18

  20. Slide 20: Positive ALM across maturity buckets

    Positive ALM across maturity buckets Positive ALM (₹ Cr)* Maturity profile* (in months) 2,408 2,429 11.2 10.4 10.3 10.2 1,822 1,603 1,274 1,308 808 629 449 381 275 275 365 215 27 14 upto 1m 1m to 2m 2m to 3m 3m to 6m 6m to 12m 1Y to 3Y 3Y to 5Y Over 5Y Sep-26 Jun-26 Assets Liabilites Avg. residual m

  21. Slide 21: Well diversified presence

    Well diversified presence No district exceeds 2.4% of AUM AUM concentration* - ~50% from top 4 States District level concentration* Largest 2.4% % of AUM State Sep-26 Mar-26 Mar-25 Top 5 8.7% Madhya Pradesh 15% 15% 13% Top 10 14.7% Bihar 13% 14% 12% Odisha 12% 12% 13% Top 20 23.6% 5% 7% Andhra Prade

  22. Slide 22: Glossary

    Glossary Key Ratio Abbreviation Definition 1 Portfolio Yield Yield Interest income divided by average monthly loan outstanding 2 Cost of borrowing COB Interest expenses divided by average monthly borrowing outstanding 3 Marginal COB (XIRR) Multiplication of borrowing availed during the period and co

  23. Slide 23: Thank you!

    Thank you! Investor Relations Spandana Sphoorty Financial Ltd Investor.relations@spandanasphoorty.com Spandana Sphoorty Financial Limited Strategic Growth Advisors Pvt. Ltd Abhishek Shah +91 99306 51660

Spandana Sphoorty Financial — Q2 FY27 Earnings Presentation on 6ix