Spandana Sphoorty Financial Limited · NSE:SPANDANA

Spandana Sphoorty Financial — Q1 FY27 Earnings Presentation

24 slides from Spandana Sphoorty Financial's earnings presentation, Jul 23, 2026

  1. Slide 1: Stock exchange cover letter for Q1 FY27 investor presentation

    Ref: SSFL/Stock Exchange/2026-27/044 July 23, 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 – 400051 S

  2. Slide 2: Q1 FY27 Investor Presentation

    Invested in Bharat! Spandana Sphoorty Financial Limited Mandala Art Q1 FY27 Investor Presentation

  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: Executive Summary: Continuing on growth path with improving asset quality and profitability

    Continuing on growth path with improving asset quality and profitability +11% QoQ growth in AUM to ₹4,887 Cr Portfolio continues to grow Steady disbursement pace driven by new member additions - ₹1,371 Cr disbursed in Q1FY27 at a healthy rate Portfolio originated under new credit rules constitute 91

  5. Slide 5: Lead parameters continue to be stable

    Lead parameters continue to be stable Disbursement (₹ Cr) - Driven by New customer acquisition AUM (₹ Cr) - 11% QoQ growth QoQ 1,539 11% 1,371 4,958 4,887 920 4,420 626 280 745 619 225 55 Q1FY26 Q4FY26 Q1FY27 New Customers Existing Customers Jun-25 Mar-26 Jun-26 X-bucket Collection Efficiency^ (%) m

  6. Slide 6: Loans originated under new credit rules constitute 91% of MFI AUM

    Loans originated under new credit rules constitute 91% of MFI AUM New portfolio contributes 91% of AUM* 99.2% of New portfolio* is current 0.3% 0.3% 0.3% 0.5% 0.6% 0.8% 4,245 4,333 3,840 397 3,417 3,296 758 1,386 99.7% 99.7% 99.7% 99.5% 99.4% 99.2% 4,058 2,457 3,936 3,083 1,910 188 961 Q1FY26 Q2FY26

  7. Slide 7: X-bucket collection efficiency maintains healthy momentum

    X-bucket collection efficiency maintains healthy momentum X-bucket collection efficiency (%) & forward flows X-bucket Collection Efficiency (%) of key States 99.5% 99.7% Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 100.0% 99.3% 99.3% 99.5% 99.5% 5.0% Andhra Pradesh 98.9% 99.3% 99.6% 99.0% 99.2% 99.2% 9

  8. Slide 8: Comfortable liquidity & healthy balance sheet to fuel future growth

    Comfortable liquidity & healthy balance sheet to fuel future growth CRAR* (%) 4,000 Net-worth (₹ Cr) Net-worth (₹ Cr) & & Gearing Gearing(x) (x) 3.3 3,500 47.0% 2.8 3,000 40.8% 40.3% 2,500 2,289 2,227 2,121 2,130 2,140 35.9% 33.8% 2.3 2,000 2,309 2,279 2,185 2,194 2,208 36.9% 36.5% 1,500 1.8 1.9 1.9

  9. Slide 9: Diversified borrowing mix with 47% outstanding loans from banks

    Diversified borrowing mix with 47% outstanding loans from banks Marginal cost of borrowing reduced sequentially to 11.3% from 12.0% Incremental borrowing (₹ Cr) Cost of borrowing (%) QoQ +26% 13.2% 12.8% 12.3% 12.2% 12.6% 13.2% 12.1% 12.0% 11.3% 1,597 Q1 Q2 Q3 Q4 Q1 FY26 FY26 FY26 FY26 FY27 1,272 Co

  10. Slide 10: Focused initiatives to drive growth and build efficiencies

    Focused initiatives to drive growth and build efficiencies Growth Levers Efficiency Levers Grow in select micro markets Enhance portfolio in low market share but good quality markets like Maharashtra and Tamil Nadu Agile LOS platform Migrate to a new, seamless and agile LOS platform with a state- of

  11. Slide 11: Q1FY27 Results

    Q1FY27 Results 10

  12. Slide 12: Turnaround visible across parameters

    Turnaround visible across parameters PPOP of ₹40 Cr, ₹18 Cr PBT, GNPA at 3.64% & NNPA at 0.68% Particulars Q1 FY27 Q4 FY26 QoQ (%) Q1 FY26 YoY (%) Disbursement (₹ Cr) 1,371 1,539 (11)% 280 +389% AUM (₹ Cr) 4,887 4,420 +11% 4,958 (1)% Income (₹ Cr) 303 277 +9% 304 (0.03)% Net Interest Income (₹ Cr) 1

  13. Slide 13: Active customer base at ~11L

    Active customer base at ~11L Optimal physical infrastructure to drive future growth No. of Customers (in L) Branch count 1,720 1,703 1,667 20.4 179 1,457 176 166 1,443 433 428 421 160 150 15.5 349 348 12.9 11.5 11.1 1,108 1,099 1,080 948 945 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Jun-25 Sep-25 Dec-25 Ma

  14. Slide 14: QoQ AUM growth of 11% to ₹4,887 Cr

    QoQ AUM growth of 11% to ₹4,887 Cr ₹1,371 Cr disbursed in Q1FY26 AUM (₹ Cr) Disbursement (₹ Cr) QoQ YoY QoQ 11% 389% (11)% 4,958 4,887 4,420 1,539 1,371 280 Jun-25 Mar-26 Jun-26 Q1FY26 Q4FY26 Q1FY27 AUM concentration of top 5 states at 59% Collection Efficiency (%) 100.0% 110.0% 98.0% 96.6% 96.0% 94

  15. Slide 15: Consolidated PCR at ~81%

    Consolidated PCR at ~81% 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) 4,410 95.1% 18 0.4% 3,927 96.2% 16 0.4% Stage 1 (1 – 30)

  16. Slide 16: NIM expansion fueled by improved yields, decline in borrowing costs

    NIM expansion fueled by improved yields, decline in borrowing costs Key Ratios Q1 FY27 Q4 FY26 QoQ (%) Q1 FY26 YoY (%) Yield (%) 24.6 22.8 +182 bps 19.3 +530 bps Cost of borrowing (%) 12.8 13.2 (40) bps 12.3 +48 bps NIM (%) 12.5 9.9 +253 bps 8.2 +426 bps Opex-to-AUM (%) 13.3 15.6 (229) bps 14.0 (66)

  17. Slide 17: Consolidated Income Statement

    Consolidated Income Statement Particulars (₹ Cr) Q1FY27 Q4 FY26 QoQ Q1FY26 YoY Revenue from Operations Interest income on loans 267 223 +20% 267 0.1% Net gain on fair value changes 4 28 (87)% 17 (78)% Other Income 13 9 +45% 17 (22)% Total income from operations 284 260 +9% 300 (5)% Non-operational I

  18. Slide 18: Consolidated Balance Sheet

    Consolidated Balance Sheet ASSETS (₹ Cr) Jun 30, 2026 Mar 31, 2026 LIABILITIES & EQUITY (₹ Cr) Jun 30, 2026 Mar 31, 2026 Financial Liabilities Financial Assets Debt Securities 2,608 2,175 Cash and bank balances 942 1,275 Borrowings (Other than Debt Securities) 1,684 1,767 Loan Portfolio 4,418 3,860

  19. Slide 19: Credit Rating – Outlook change by ICRA

    Credit Rating – Outlook change by ICRA 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 / NCD’s B

  20. Slide 20: Annexure

    Annexure 19

  21. Slide 21: Positive ALM across maturity buckets

    Positive ALM across maturity buckets Positive ALM (₹ Cr)* Maturity profile* (in months) 10.3 2,253 2,208 10.2 10.1 1,344 1,366 1,048 1,119 803 729 8.8 351 384 466 370 210 236 25 14 upto 1m 1m to 2m 2m to 3m 3m to 6m 6m to 12m 1Y to 3Y 3Y to 5Y Over 5Y Jun-26 Mar-26 Assets Liabilites Avg. residual ma

  22. Slide 22: Well diversified presence

    Well diversified presence AUM concentration* - ~52% from top 4 States District level concentration* Largest 2.3% % of AUM State Jun-26 Mar-26 Mar-25 Top 5 9.1% Madhya Pradesh 15% 15% 13% Top 10 15.3% Bihar 14% 14% 12% Odisha 12% 12% 13% Top 20 24.4% 4% 7% Andhra Pradesh 10% 11% 11% 14% Others 75.6%

  23. Slide 23: 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

  24. Slide 24: Thank you!

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

Spandana Sphoorty Financial — Q1 FY27 Earnings Presentation on 6ix