Cholamandalam Investment And Finance Co. Ltd. · NSE:CHOLAFIN

Cholamandalam Investment And Finance — FY2026 Earnings Presentation

111 slides from Cholamandalam Investment And Finance's earnings presentation, Apr 30, 2026

1. Slide 1: Cover letter to stock exchanges

   30 April, 2026 The Secretary The Secretary National Stock Exchange of India Limited BSE Ltd. Trade World, 4th Floor, Kamala Mills Compound, 1st Floor, P.J. Towers Senapati Bapat Marg, Dalal Street, Fort, Lower Parel, Mumbai 400 001 Mumbai 400 013 Dear Sir / Madam, Sub.: Investor Presentation for the

2. Slide 2: Corporate Presentation March 2026

   CORPORATE PRESENTATION March 2026

3. Slide 3: Table of Contents

   Table of Contents Image result for group overview 1. Group 2. Corporate 3. Financial 4. Business overview overview performance segments' overview 5. Funding 6. Subsidiaries 7. Environmental 8. Risk 9. Information performance Social Governance Management Technology profile 2

4. Slide 4: Murugappa Group Overview

   Murugappa Group Overview 3

5. Slide 5: Murugappa Group in a Nutshell

   Murugappa Group in a Nutshell AGRICULTURE ENGINEERING FINANCIAL SERVICES Market Cap(Cr.) 56,391 13,789 14,790 48,701 1,03,252 1,15,353 NA 25,642 Turnover (Cr.) 24,085 31,609 48,942 18,915 9,491 25,846 8,927 33,640 2,055 1,773 2987 1,054 974 4,263 507 4,740 PAT(Cr.) 125 Years of $10.2 Consolidated Ye

6. Slide 6: Corporate Overview

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7. Slide 7: Our journey so far

   Our journey so far FY 1979-2010 FY 2010-2015 FY 2016-2020 FY 2021-2022 FY 2024 FY 2025 FY 2026 2011 2016 2021 2024 2025 2026 • Equipment financing & • Terminated JV with • New LEAP LOS Digital • LAP platform • Total AUM crossed • Total AUM • Launched Gold • VF business DBS platform digitization ₹1.5

8. Slide 8: Highlights – Q4 FY26 & FY26

   Highlights – Q4 FY26 & FY26 Particulars Q4 FY26 Vs Q4 FY25 FY26 Vs FY25 Disbursement grew at 25% to Rs.32,913 Cr as Disbursement grew at 11% to Rs.1,11,642 Cr as Disbursement compared to Rs. 26,417 Cr compared to Rs. 1,00,869 Cr Business AUM Rs.2,24,334 Cr, a growth of 21%. NIM Improved to 8.4% as c

9. Slide 9: Strong Geographical Presence

   Strong Geographical Presence 73 112 118 119 Ladakh (1) 724 718 712 692 691 Jammu & Kashmir (10) Punjab (35) Himachal Pradesh (25) Chandigarh (1) 1613 1630 1637 1639 1642 Uttarakhand (23) Haryana (52) Sikkim (3) Arunachal Delhi (9) Pradesh (1) Rajasthan (121) UP (121) Assam (43) Q4FY25 Q1FY26 Q2FY26

10. Slide 10: Financial Overview

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11. Slide 11: Financial Snapshot —15 Years

    Financial Snapshot —15 Years ₹ Cr Recovery and Stabilsation COVID New Growth FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 CAGR CAGR CAGR Financials Snapshot YoY (10 (15 IGAAP IGAAP IGAAP IGAAP IGAAP IGAAP INDAS INDAS INDAS INDAS INDAS INDAS INDAS INDAS INDAS (5 years) y

12. Slide 12: Chola – Disbursement & Portfolio Mix – Q4 FY26

    Chola – Disbursement & Portfolio Mix – Q4 FY26 Well diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise SBPL 3 Wheeler SBPL 3 Wheeler 2% 1% 2% SME 1% SME 2 Wheeler 6% 2 Wheeler CSEL 4% 4% 6% 7% CSEL 10% Used Vehicles HL 14% Used Vehicles 17% 10% HL Tractor 6% 2

13. Slide 13: Disbursements

    Disbursements Disbursements (₹Cr) Disbursements (%) * 1,11,642 2,469 2% * 1,00,869 5% 7,363 6% 8% 7% 2% 7% 5% 10% 7,404 10,249 13% 12% 9% * 88,725 12,552 7,312 16% 9% 7% 6,362 9% 8% 0.03% Ecosystem Consumer 11,281 7,763 20,459 14% 18% * 66,532 18% 15% 8,106 1% 3,830 17,913 1,667 1% 1% 1% 6,865 13,55

14. Slide 14: Assets Under Management

    Assets Under Management Business - Assets under Management (₹Cr) Business - Assets under Management (%) * 2,24,334 1,804 1% 22,688 7% 8% 9% 1% 10% 10% * 1,84,746 15,113 1% 5% 3% 8% 8% 7% - 18,427 9,338 22% 3% 4% 4% 14,573 20% * 1,45,572 21% Ecosystem Consumer 6,628 52,295 0.01% 22% - 23% 13,404 1% 1

15. Slide 15: Profitability and Net worth

    Profitability and Net worth Profit after tax (₹Cr) Networth (₹Cr) *30,404 170 5220 *23,627 4259 168 *19,557 168 3423 *14,296 30,234 2666 *11,708 164 164 23,459 2147 19,388 14,132 11,543 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Reserves and Surplus Equity Share Capital * Total Networth 14

16. Slide 16: Asset Ratios

    Asset Ratios Net Income Margin (%) Expenses Ratio (%) 8.0% 7.9% 3.1% 3.0% 3.1% 7.7% 7.7% 7.5% 3.0% 2.8% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 1.7% 3.9% 3.8% 1.4% 3.4% 3.3% 3.3% 1.2% 1.0% 0.9% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Not

17. Slide 17: Shareholding

    Shareholding Shareholding Pattern Institutional Holders (More than 1%) Corporate Top Domestic Institutional Holding Bodies Mutual 4.77% • SBI Mutual Fund Funds 15.73% • Axis Mutual Fund • Kotak Mutual Fund • Invesco Mutual Fund Public 4.84% Promoters • ICICI Prudential Mutual Fund 49.25% • HDFC Mutu

18. Slide 18: Shareholders’ Returns Ratios

    Shareholders’ Returns Ratios Return on equity (%) Earnings per share (₹) 20.6% 20.6% 61.8 20.4% 19.8% 19.7% 50.7 41.2 32.5 26.2 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 P/E Ratio P/BV Ratio 30.0 5.4 5.0 5.0 27.5 28.1 4.4 23.5 3.8 21.9 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Note:

19. Slide 19: Profit and Loss Statement (As per IND AS)

    Profit and Loss Statement (As per IND AS) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 24,332 24,325 24,314 24,442 25,806 29,962 26,417 32,913 25% 1,00,869 1,11,642 11% Asset Under Management 1,68,832 2,07,

20. Slide 20: Balance Sheet (As per IND AS)

    Balance Sheet (As per IND AS) ₹ Cr Particulars Mar24 Mar25 Mar26 ASSETS Financial Assets 1,53,770 1,98,578 2,41,854 Cash and Bank balance 4,320 9,401 14,611 Derivative financial instruments 248 203 1,701 Receivables 399 304 492 Loans 1,44,424 1,81,930 2,17,571 Investments 4,137 6,390 6,638 Other Fin

21. Slide 21: Stagewise Assets & Provision Summary

    Stagewise Assets & Provision Summary ₹ Cr Dec-25 Mar-26 Dec-25 Mar-26 Particulars INR Cr INR Cr % to GA % to GA Gross Assets 2,08,989 2,21,942 100.0% 100.0% Stage 1 1,95,956 2,09,689 93.76% 94.48% Stage 2 6,020 5,486 2.88% 2.47% Stage 3 7,013 6,767 3.36% 3.05% Provision 4,214 4,370 2.02% 1.97% Stage

22. Slide 22: Stagewise ECL Summary – Mar26

    Stagewise ECL Summary – Mar26 ₹ Cr Total Total Particulars Asset Provn NNPA Asset Provn NNPA Rs in Cr % Stage 1A (A ) 2,09,093 707 2,08,387 94.21% 0.34% 93.89% Stage 1B (B ) 596 20 575 0.27% 3.42% 0.26% Total Stage 1 (C ) 2,09,689 727 2,08,962 94.48% 0.35% 94.15% Stage 2A (D ) 3,161 239 2,922 1.42%

23. Slide 23: Stage 3 Assets Product-wise

    Stage 3 Assets Product-wise ₹ Cr Closing Gross Stage 3 ECL Provision Net Stage Net Asset Class Asset Stage 3 Asset % Provision Coverage 3 Stage 3% Mar26 2,21,942 6,767 3.05% 3,200 47.29% 3,567 1.61% VF 1,22,592 4,707 3.84% 2,315 49.19% 2,391 1.95% LAP 46,392 1,039 2.24% 425 40.88% 614 1.32% HL 22,62

24. Slide 24: Chola – Stage 3 Assets Trend

    Chola –Stage 3 Assets Trend As per revised RBI norms GNPA% & NNPA% as of Mar26 is at 4.36% and 2.87%, respectively. 23

25. Slide 25: Business Overview

    Business Overview 24

26. Slide 26: AUTO ECOSYSTEM - VF

    AUTO ECOSYSTEM - VF

27. Slide 27: Ecosystem Play in the AUTO Sector

    Ecosystem Play in the AUTO Sector CV PV Low Industry Low Low Industry Low Chola Position Chola Position Principal Operator Salaried > 50 Vehicles Large Operators 26- 50 vehicles HCV Self Employed with Returns Returns Financials RISK RISK Medium Operators 10 -25 – HCV & LCV vehicles Taxi and Tour Ope

28. Slide 28: Ecosystem Play in the AUTO Sector

    Ecosystem Play in the AUTO Sector Tractor CE Low Industry Low Low Industry Low Chola Position Super Strategic Chola Position Large Farmer Strategic Customer Captive Users / Prior Vehicles Captive Users/Prior Vehicles Returns Returns Medium Retail operator RISK RISK Medium Farmers Small Retail Operat

29. Slide 29: Sector outlook – Vehicle Finance business (1/2)

    Sector outlook – Vehicle Finance business (1/2) ▪ The Heavy Commercial Vehicle (HCV) segment witnessed 20% growth in Q4 FY’26 & 10% in YTD Mar’26, culminating in record high sales number. This quarter was supported by improved freight activity, infrastructure momentum and continued replacement deman

30. Slide 30: Sector outlook – Vehicle Finance business (2/2)

    Sector outlook – Vehicle Finance business (2/2) ▪ The Used Vehicle market in India has demonstrated resilience, underpinned by sustained demand, improved vehicle availability, and increasing consumer preference for value-driven mobility. ▪ The Construction Equipment segment witnessed a de-growth of

31. Slide 31: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic LCV Sales Trend in Domestic SCV Sales Chol a 4 year Chola YoY growth rate 14% Chola 4 year (in Units) Chola YoY grow th rate 19% (in Units) CAGR 6% CAGR (7%) CAGR @ 5% 686535 CAGR @ 2% 593055 200811 188283 193434 182277 508655 171587 457481 470467 FY'23 FY'24

32. Slide 32: Auto Industry Outlook

    Auto Industry Outlook Trend in Domestic HCV Sales Trend in Domestic Car & MUV Sales Chol a 4 year (in Units) Chola 4 year Chola YoY grow th rate 17% Chola YoY growth rate 43% (in Units) CAGR 18% CAGR 17% CAGR @ 7% CAGR @ 5% 397161 5352599 4623776 324202 4286466 301947 4226797 297070 293819 3897220 F

33. Slide 33: Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q4 FY26

    Vehicle Finance - Disbursement/Portfolio Mix Statewise – Q4 FY26 Diversified across geography Disbursements - State wise Portfolio - State wise Dadra and Nagar Haveli & Daman and Diu Dadra and Nagar Haveli & AP Daman & Diu MP Karnataka MP AP 0.05% 0.04% Karnataka Maharashtra Maharashtra 5% 5% 6% 7%

34. Slide 34: Vehicle Finance - Disbursement/Portfolio Mix – Q4 FY26

    Vehicle Finance - Disbursement/Portfolio Mix – Q4 FY26 Diversified product segments Disbursements (%) - Product wise Portfolio (%) - Product wise HCV HCV 3 Wheeler 9% CE 7% 1% 3 Wheeler 7% CE 2% LCV LCV 6% 15% 2 Wheeler 18% 10% 2 Wheeler 7% MUV 13% MUV Used Vehicles Used Vehicles 13% 27% 30% CAR 10%

35. Slide 35: Vehicle Finance - Disbursement Mix – Quarter-wise

    Vehicle Finance - Disbursement Mix – Quarter-wise Disbursement (₹Cr) - Product wise Disbursement (%) – Product wise * 18,132 * 16,805 1,201 1,014 1,694 6% 5% 5% 6% 7% Low Yield * 14,430 1,232 7% 6% 6% 7% 9% 816 * 13,647 * 13,539 2,735 17% 16% 1,051 670 632 2,494 16% 15% 782 768 15% Medium Yield 2,33

36. Slide 36: Vehicle Finance - Portfolio Mix – Quarter-wise

    Vehicle Finance - Portfolio Mix – Quarter-wise Portfolio (₹Cr) - Product wise Portfolio (%) – Product wise * 1,19,558 * 1,12,937 6% 6% 6% 6% 6% * 1,07,568 7,509 * 1,04,720 6,982 7% 7% 7% 7% 7% * 1,01,257 8,732 6,600 7,746 6,571 Low Yield 6,490 7,172 19% 7,058 19% 19% 19% 18% 6,882 22,113 21,167 20,1

37. Slide 37: Vehicle Finance: Q4 FY26 & FY26 Performance

    Vehicle Finance: Q4 FY26 & FY26 Performance Disbursements grew by 26% in Q4 FY26 to Rs. 18,132 Cr as compared Disbursements to Q4 FY25 and by 15% in FY26 to Rs.62,123 as compared to FY25. Assets under AUM has grown by 18% YoY. management Loss and Loan losses at 1.6% in Q4 FY26 as compared to 1.2% in

38. Slide 38: Vehicle Finance - Disbursements and Asset Under Management

    Vehicle Finance - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under management (₹Cr) *1,19,558 1 62,123 *1,01,257 53,922 *84,498 48,348 9 39,699 *66,938 42 *52,881 215 1,19,557 693 1,01,248 84,456 25,439 66,723 52,187 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 On Book

39. Slide 39: Vehicle Finance - Income and Profit before tax

    Vehicle Finance - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 16,511 3,145 14,108 2,824 2,532 11,274 2,272 2,054 8,851 7,721 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 39

40. Slide 40: Vehicle Finance - Asset Ratios

    Vehicle Finance - Asset Ratios Net Income Margin (%) Expense Ratio (%) 8.8% 3.3% 3.3% 8.4% 3.3% 3.3% 8.0% 8.1% 3.2% 7.7% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 1.9% 4.1% 3.9% 1.6% 3.4% 3.0% 1.4% 2.9% 1.2% 1.2% FY22 FY23 FY24 FY25 FY26 FY22 FY23 F

41. Slide 41: Profit and Loss Statement - Vehicle Finance (Managed)

    Profit and Loss Statement - Vehicle Finance (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 12,766 13,647 12,336 13,539 14,390 16,805 14,430 18,132 26% 53,922 62,123 15% Asset Under Management 88,638

42. Slide 42: VF – Stage 3 Assets Trend

    Chola VF —Stage 3 Assets Trend ae Enter a better life murugappa 13.00% 50.00% 45.44% 45.48% 77-48% 46.16% 46-84% 46.51% 45.75%g5.97% 46.29% 4s som 45.46% 45.34% °° 11.00% 45.00% 40.00% 9.00% 35.00% 7.00% 30.00% 5.00% 411% 417% 3.84% 3.60% 3.67% 3.52% 3.89% 3.20% 3.35% 3.32% 3.27% 4 329% 3.02% A a OO

43. Slide 43: MSME Ecosystem – LAP, SME & SBPL

    MSME Ecosystem – LAP, SME & SBPL

44. Slide 44: Ecosystem Play in the MSME Sector

    Ecosystem Play in the MSME Sector Represents Chola’s presence Larger enterprises largely focused by Banks Large SME Focused by via SME business since the last 4 years Medium (SENP) Focused by via LAP business since the last 20 years Mini (SENP) Focused by via SBPL business since the last 4 years Pro

45. Slide 45: MSME Ecosystem – Q4 FY26 & FY26 Performance

    MSME Ecosystem – Q4 FY26 & FY26 Performance Disbursements grew by 11% in Q4 FY26 to Rs. 8,519 Cr as compared to Disbursements Q4 FY25 and grew by 9% in FY26 to Rs.29,438 Cr as compared to FY25. Asset under AUM has grown by 29% YoY. management Loss and Loan losses at 0.7% in Q4 FY26 as compared to 0.

46. Slide 46: MSME Ecosystem - Disbursements and Asset Under Management

    MSME Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *29,438 * 65,171 *26,992 1,667 3,537 1,316 * 50,490 9,338 *22,734 7,312 2,422 1,074 7,763 6,628 *16,138 * 36,240 8,106 451 1,404 * 25,582 4,977 6,388 *17,864 444 52,295 *7,473 20,459 11 3,550

47. Slide 47: MSME Ecosystem – Income and Profit before tax

    MSME Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 7,848 763 * 2,201 218 1,002 * 5,775 165 489 * 1,520 743 142 * 3,948 * 1,089 111 227 514 35 * 2,571 6,083 * 746 81 1,818 * 1,873 42 238 4,543 21 0.3 * 453 1,266 66 3,208 973 3 759 2,292 1,807 469 (19) (35) FY22 FY23 F

48. Slide 48: MSME Ecosystem – Asset Ratios

    MSME Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 6.6% 2.2% 2.2% 6.1% 2.2% 5.5% 5.8% 4.9% 1.8% 1.4% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.7% 3.8% 3.5% 3.6% 3.5% 0.6% 2.8% 0.3% 0.3% -0.1% FY22 FY23 FY24 FY25 FY26 FY22 FY23

49. Slide 49: Profit and Loss Statement – MSME Ecosystem

    Profit and Loss Statement – MSME Ecosystem ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1FY26 Q2FY25 Q2FY26 Q3FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 6,302 6,769 6,566 6,597 6,446 7,554 7,677 8,519 11% 26,992 29,438 9% Asset Under Management 39,329 53,734 42,564 56,778 45

50. Slide 50: Loan Against Property

    CO OED e—™ Loan Against Property

51. Slide 51: Loan Against Property – Q4 FY26 & FY26 Performance

    Loan Against Property – Q4 FY26 & FY26 Performance Disbursements grew by 5% in Q4 FY26 to Rs. 5,838 Cr as compared to Q4 Disbursements FY25 and by 14% in FY26 to Rs.20,459 Cr as compared to FY25. Asset under AUM has grown by 26% YoY. management Loss and Loan losses at 0.4% in Q4 FY26 as compared to

52. Slide 52: Sector outlook: Loan Against Property

    Sector outlook: Loan Against Property • ICRA expects the NBFC Retail segment to grow at a moderate pace of 17-19% during FY2026 and 16-18% in FY2027. Growth to remain at healthy levels in the near term • As per ICRA, LAP segment to likely grow at a slightly faster pace of 20-22% YoY during FY2026-FY

53. Slide 53: Loan Against Property - Disbursements and Asset Under Management

    Loan Against Property - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 52,295 20,459 6,487 17,913 * 41,439 2,512 13,554 * 29,859 823 * 21,588 45,808 9,299 * 16,795 1,114 38,927 1,544 29,036 5,536 20,474 15,250 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25

54. Slide 54: Loan Against Property – Income and Profit before tax

    Loan Against Property – Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 6,083 1,818 4,543 1,266 3,208 973 759 2,292 1,807 469 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 54

55. Slide 55: Loan Against Property – Asset Ratios

    Loan Against Property – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 6.0% 1.8% 1.9% 5.5% 5.5% 5.6% 1.8% 4.9% 1.4% 1.2% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 0.7% 4.0% 3.9% 3.9% 3.6% 0.3% 3.0% 0.1% 0.2% -0.2% FY22 FY23 FY24 FY25 FY26 FY2

56. Slide 56: Profit and Loss Statement - Loan Against Property (Managed)

    Profit and Loss Statement - Loan Against Property (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 3,874 4,705 4,295 4,630 4,205 5,285 5,539 5,838 5% 17,913 20,459 14% Asset Under Management 32,135 43

57. Slide 57: LAP – Stage 3 Assets Trend

    Chola LAP —Stage 3 Assets Trend ae Enter a better life murugappa 12.00% | 46.71% 44.90% 44.97% 43.99% 4 44.42% 42.50% 40.42% 21.88% ~ 40.88% | 45.00% 10.00% 37.81% 36 50% 35 o50, | 40.00% + 35.00% 8.00% + 30.00% 6.00% + 25.00% 4.02% + 20.00% 4.00% | ke 387% 3.03% L 15.00% — = a ‘on 243% 2.35% 2.27%

58. Slide 58: Profit and Loss Statement – SBPL

    Profit and Loss Statement – SBPL ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4 FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 268 359 312 385 331 429 404 495 22% 1,316 1,667 27% Asset Under Management 1,618 2,671 1,863 2,932 2,115 3,221 2,422 3,537 46%

59. Slide 59: Profit and Loss Statement – SME

    Profit and Loss Statement – SME ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4 FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 2,160 1,705 1,959 1,581 1,911 1,839 1,733 2,187 26% 7,763 7,312 -6% Asset Under Management 5,576 7,119 5,877 7,544 6,277 8,338 6

60. Slide 60: Consumer Ecosystem – CSEL, HL, CD & Gold

    Consumer Ecosystem – CSEL, HL, CD & Gold

61. Slide 61: Consumer Ecosystem – Q4 FY26 & FY26 Performance

    Consumer Ecosystem – Q4 FY26 & FY26 Performance Disbursements grew by 45% to Rs. 6,261 Cr in Q4 FY26 as compared to Disbursements Q4 FY25 and grew by 1% to Rs. 20,081 Cr in FY26 as compared to FY25. Asset under AUM has grown by 20% YoY. management Loss and Loan losses at 2.9% in Q4 FY26 as compared

62. Slide 62: Consumer Ecosystem - Disbursements and Asset Under Management

    Consumer Ecosystem - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) * 39,605 *19,956 *20,081 1,804 *17,643 2,469 * 33,000 7,404 6,362 * 24,834 22,688 7,363 18,427 *10,695 13,404 3,830 * 13,978 11,281 12,552 10,249 8,451 *6,162 14,573 15,113 *2,578 6,865 11

63. Slide 63: Consumer Ecosystem– Income and Profit before tax

    Consumer Ecosystem– Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) * 6,243 * 1,000 * 1,033 * 5,301 3,274 * 735 2,548 709 * 3,470 865 1,756 489 * 383 * 1,477 2,876 * 197 2,754 321 * 709 971 343 1,713 222 246 234 692 507 62 17 (25) FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 C

64. Slide 64: Consumer Ecosystem – Asset Ratios

    Consumer Ecosystem – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 10.5% 4.5% 4.4% 10.3% 10.4% 4.0% 4.1% 8.8% 7.7% 2.9% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 3.9% 4.0% 3.1% 3.8% 2.9% 3.5% 2.8% 2.0% 1.0% 0.8% FY22 FY23 FY24 FY25 FY26 FY22

65. Slide 65: Profit and Loss Statement – Consumer Ecosystem

    Profit and Loss Statement – Consumer Ecosystem ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1FY26 Q2FY25 Q2FY26 Q3FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 5,264 3,910 5,411 4,306 4,969 5,604 4,311 6,261 45% 19,956 20,081 1% Asset Under Management 27,474 33,694 30,067 34,81

66. Slide 66: Home Loans

    Home Loans 65

67. Slide 67: Sector outlook: Home loans

    Sector outlook: Home loans • AUM of AHFCs increased by 19% YOY in 9 M FY2026 supported by good demand and faster growth pace. The underpenetrated market and the government’s thrust on “housing for all’ are likely to support growth going forward. ICRA expects AUM of AHFCs to rise by 19% -21% in FY26

68. Slide 68: Home Loans – Q4 FY26 & FY26 Performance

    Home Loans – Q4 FY26 & FY26 Performance Disbursements at Rs. 1,895 Cr in Q4 FY26 as compared to Rs. 1,983 in Q4 Disbursements FY25 and at Rs. 7,363 Cr in FY26 as compared to Rs.7,404 Cr in FY25. Asset under AUM has grown by 23% YoY. management Loss and Loan losses at 1.5% in Q4 FY26 as compared to 0

69. Slide 69: Home Loans - Disbursements and Asset Under Management

    Home Loans - Disbursements and Asset Under Management Disbursements (₹Cr) Assets under Management (₹Cr) *22,688 7,404 7,363 240 6,362 *18,427 296 *13,404 356 3,830 22,448 *8,451 18,131 *5,590 433 13,048 527 8,018 1,896 5,063 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 On Book Assigned * Total

70. Slide 70: Home Loans - Income and Profit before tax

    Home Loans - Income and Profit before tax Income (₹Cr) Profit before tax (₹Cr) 3,274 865 709 2,548 489 1,756 321 971 222 692 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 70

71. Slide 71: Home Loans – Asset Ratios

    Home Loans – Asset Ratios Net Income Margin (%) Expenses Ratio (%) 8.8% 8.7% 8.6% 4.1% 8.0% 3.7% 7.7% 3.6% 2.9% 2.2% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Loan Losses & Provisions (%) ROA - PBT (%) 4.8% 1.0% 0.9% 4.5% 4.5% 4.5% 4.2% 0.4% 0.3% 0.2% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24

72. Slide 72: Profit and Loss Statement - Home Loans (Managed)

    Profit and Loss Statement - Home Loans (Managed) ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2 FY26 Q3 FY25 Q3FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 1,778 1,764 1,823 1,697 1,820 2,007 1,983 1,895 -4% 7,404 7,363 -1% Asset Under Management 14,565 19,399 15,892

73. Slide 73: HL – Stage 3 Assets Trend

    ie » Chola HL -Stage 3 Assets Trend Enter a better life murugappa 5.00% (49.27% 50.00% 4.00% 6.09% 36.44% 34 77% 34 cio ap 63 36.31%] an oo% . 31.45% 30.90% 29.22% 28.49% 28.09% 27.66 3.00% 30.00% 20.00% 2 1.39% 1.38% 1.22% 1.32% 0.95% 1.04% 1.15% +- 10.00% 1.00% 0.00% 0.00% -10.00% Mar-23 Jun-23 Se

74. Slide 74: Profit and Loss Statement – CSEL

    Profit and Loss Statement – CSEL ₹ Cr Growth % Growth % Particulars Q1 FY25 Q1 FY26 Q2 FY25 Q2FY26 Q3FY25 Q3FY26 Q4 FY25 Q4FY26 H1FY24FY25 FY26 (YTD) Q4-o-Q4 Y-oY Disbursements 3,486 2,046 3,588 2,142 3,149 2,825 2,328 3,237 39% 12,552 10,249 -18% Asset Under Management 12,909 14,199 14,175 13,952 1

75. Slide 75: Funding Profile

    Funding Profile 74

76. Slide 76: Diversified Borrowings Profile (I/II)

    Diversified Borrowings Profile (I/I) Borrowing mix by instrument type ₹ Cr * 1,74,946 * 1,81,304 * 1,87,515 * 1,97,810 * 2,10,867 1% 3% 2% 1% 1% 2% 1% 2% 0.3% 2% 2% 3% 5% 6% 5% 3% 3% 2% 2% 3% 15% 14% 16% 15% 15% 8% 7% 7% 7% 7% 7% 7% 7% 6% 7% 11% 12% 11% 11% 12% 44% 44% 43% 43% 42% 6% 7% 6% 6% 6% Q4F

77. Slide 77: Diversified Borrowings Profile (II/II)

    Diversified Borrowings Profile (II/II) Borrowing mix by investor type ₹ Cr * 1,74,946 * 1,81,304 * 1,87,515 * 1,97,810 * 2,10,867 7% 7% 6% 6% 7% 15% 14% 16% 15% 15% 0.3%2% 0.2% 2% 0.2% 2% 2% 7% 0.3% 3% 7% 0.5% 8% 7% 7% 52% 52% 51% 52% 52% 0.7% 0.7% 0.7% 0.6% 0.6% 7% 7% 6% 6% 7% 5% 6% 7% 8% 6% 3% 3%

78. Slide 78: ALM Statement as of 31st Mar 2026 (As per IND AS)

    ALM Statement as of 31st Mar 2026 (As per IND AS) ₹ Cr Particulars 1m >1 to 2m >2 to 3m >3 to 6m >6m to 1 yr >1 to 3 yr >3 to 5 yr >5 yr Total Cash & Bank Balances 4,229.09 3,535.30 3,328.37 1,648.85 1,997.58 2,084.71 1,822.60 2,050.49 20,697.01 Advances 6,966.81 6,662.17 5,817.81 19,882.96 35,464.8

79. Slide 79: CAR and Credit Rating

    CAR and Credit Rating Capital Adequacy Ratio (CAR) – As per RBI guideline Tier I Tier II 19.62 18.57 19.75 19.21 17.13 3.13 3.47 5.34 4.48 2.35 16.49 14.78 15.10 14.41 14.73 FY22 FY23 FY24 FY25 FY26 Minimum CAR Stipulated by RBI is 15% & for Tier I is 10% Loan type India ratings Care ICRA Crisil ST

80. Slide 80: Consolidated Financials

    Consolidated Financials 79

81. Slide 81: Consolidated Profit & Loss

    Consolidated Profit & Loss ₹ Cr Growth % Growth % Particulars Q1FY25 Q1FY26 Q2FY25 Q2 FY26 Q3 FY25 Q3 FY26 Q4FY25 Q4FY26 FY25 FY26 (YTD) Q4-o-Q4 Y-oY Income 5,857 7,353 6,322 7,614 6,837 8,009 7,137 8,564 20% 26,153 31,539 21% Expenses 4,582 5,822 5,018 6,050 5,372 6,274 5,439 6,422 18% 20,411 24,56

82. Slide 82: Risk Management

    Risk Management 81

83. Slide 83: Our Enterprise Risk Management strategy covers all aspects of risk

    Our Enterprise Risk Management strategy comprehensively covers all aspects of risk 1 Risk Vision Risk Pillars 2 3 4 5 6 7 Cyber & Capital & Regulatory & Key Credit Fraud Information Liquidity Compliance Emerging Risk Risk Security Risk Risk Risks Risk 8 Risk Organization 9 Risk Governance & Reportin

84. Slide 84: Best-in-class practices across key risk areas (I/II)

    We have integrated best-in-class practices across all key risk areas (I/II) Category Key Highlights Risk vision • Risk Appetite Statement implemented as a strategic lever: Strong linkage to functions with 1 well-defined thresholds and robust governance mechanisms Capital & • Well-diversified source

85. Slide 85: Best-in-class practices across key risk areas (II/II)

    We have integrated best-in-class practices across all key risk areas (II/II) Category Key Highlights Built/ deployed robust capabilities, processes and toolkits to manage growing cyber risks • Deployed Brand Monitoring to identify and protect against misuse of our brand across digital platforms • Ro

86. Slide 86: Capital & Liquidity risk | Well managed with judicious buffers

    Capital & Liquidity risk | Well managed with judicious buffers maintained consistently ALM: Stringent Internal thresholds Liquidity: LCR reported is 157% - 1.57x of RBI mandate on average Distribution of reported LCR (Q4 FY25 – Q4 FY26) Chola internal Time bucket RBI​ thresholds thresholds RBI manda

87. Slide 87: Capital & Liquidity risk | Sufficient Tier 1 capital

    Capital & Liquidity risk | Sufficient Tier 1 capital (₹Cr) Per regulatory guidance, NBFCs to Chola held 14.73% Total RWA as on 31st Mar’26 maintain at least of RWA as Tier I 10% of RWA as Tier I capital as on 31st 1,96,854 capital Mar’26 ~Rs 630 Cr maintained as CCD as 630 part of Tier- 2 capital 28

88. Slide 88: Holistic risk management for credit risk mitigation

    Holistic risk management for credit risk mitigation Robust Business Decision Multi-faceted Proactive portfolio Matrix based on key criteria underwriting process monitoring at a customer level • Choosing right customer mix upfront for Input variables leveraged- • Rigorous non-starter/early default mo

89. Slide 89: Regulatory & compliance risk | Effective governance

    Regulatory & compliance risk | Effective governance augmented by a strong compliance function Governance & Compliance form the core of 20+ professionals every business and functional process with collective experience of 200+ years Strong ‘Compliance- first’ approach tone setting from the Board and

90. Slide 90: Regulatory & compliance risk | Robust compliance mechanisms

    Regulatory & compliance risk | Governance further strengthened by robust compliance mechanisms Regular Independent Audit Annual review and approval of all Committee meetings held key policies by the Board Specific focus on review of compliance of policies and processes Monthly concurrent Internal Di

91. Slide 91: Cyber risk | Regular monitoring & strong internal processes

    Cyber risk | Regular monitoring & strong internal processes to prevent, detect & mitigate cyber risk People Process Tools & Technology 1 • Well-equipped, adept team of security professionals to 3 Continued effort towards •5 Continuous expansion of suite of strengthening protocols tools to monitor th

92. Slide 92: Risk governance & reporting

    Risk governance & reporting | Clearly defined roles & responsibilities for effective corporate governance Organization structure setup to ensure effective governance Well-defined tracking mechanism & review cadence 1 RCSA (Risk control and self-assessment) conducted across • Oversee the entire risk

93. Slide 93: Information Technology

    Information Technology 92

94. Slide 94: Chola's overall technology focus spread across all layers

    Chola's overall technology focus spread across all layers Systems of Engagement Direct to Customer LOS CRM Partner Integration (GB, Chola One) Systems of Record Loan Customer Management Collections Accounting Treasury Database System Systems of Intelligence Other Core Areas Copyright © 2021 by Bosto

95. Slide 95: Digitization of Loan Origination System (LOS)

    Organization-wide capabilities built for digitization of Loan Origination System (LOS) Loan Underwriting Sourcing Disbursement journey & Loan Sanction Integration with Partners / OEMs Third party validations Document digitization Validated KYC via golden sources Automated bureau checks E-Sign Digiti

96. Slide 96: Comprehensive digital Collection Management System

    We have a comprehensive digital Collection Management System to manage end-to-end collection process Analytics Engine 1 (EWS) 10 Easy payment through Bitly link Allocation Rule Engine Customers 2 (Automatic allocation) 11 Real time view of MIS/reports 3 E-receipts (view/download) 12 Integrated conta

97. Slide 97: Chola One platform envisioned to be a super-app

    Chola One platform envisioned to be a super-app, a one-stop-shop for all our products, lead generation, VAS, customer service Organic Traffic One-stop shop for financial products One-stop shopPhase for financial 1 products (SEO) Lending Insurance & WM VAS • PL • LI • Credit CSEL Propensity • VF • HI

98. Slide 98: Building an E2E integrated ecosystem for VF

    We are building an E2E integrated ecosystem for VF Monthly Avg. Used vehicle marketplace SEO Score1 Page authority Unique Users • Vehicle listing for selling (out of 100) (score out of 100) (site traffic) • Dealer info for buying 92 38 • GenAI Search 1.9M+ "Used truck" New vehicle discovery search r

99. Slide 99: Data and Analytics across the customer journey

    Our Data and Analytics team works across the entire value chain of customer journey EWS Model UW Scorecards mo A cc torin ou g ni nt nt Credit assessme Roll-forward Model Risk-based pricing l Cross sel Bureau enrichment & S al es for DPD customers Pre-approved offer Propensity models CIBIL Alerts ge

100. Slide 100: AI to drive efficiency across the lending value chain

     AI to drive efficiency and effectiveness across the lending value chain AI agents for lead AI agents for AI based facial Customer nurturing and customer drop-off verification & signature qualification management KYC & liveliness check validation identity Sales Vernacular voice agents for Voice agent

101. Slide 101: Environmental Social Governance

     Environmental Social Governance 100

102. Slide 102: Consecutively awarded for last 6 years

     Consecutively awarded for last 6 years……. FY21 • FTSE Russell - Included in FTSE4 Good Index series FY22 • FTSE Russell - Reaffirmed as constituent of FTSE4Good Index Series in June 2021. • FTSE Russell - Reaffirmed as constituent FY23 of FTSE4Good Index Series in June 2022. • FTSE Russell - Reaffir

103. Slide 103: We Believe In Making A Positive Impact In The Society

     ESG POLICY We Believe In Making A Positive Impact In The Society Environmental Social Governance As an environmentally responsible To enable better opportunity for all, we The company has strong commitment company, we focus on sustainability and ensure financial inclusion of to values and ethical bu

104. Slide 104: ESG Vision & Mission

     ESG VISION & MISSION Our Vision Giving Back To The Society Is Our Primary Goal 104

105. Slide 105: ESG Governance Structure

     ESG Governance Structure Board – The final authority for all the major policy and sustainability reports related to ESG CSR Committee – This Committee comprises of Board Chairman, an independent Director and a non- executive Director to support and advise Board on the company’s policies, strategies

106. Slide 106: Chola ESG Rating and Ranking

     Chola ESG Rating and Ranking CSRhub S&P Sustainalytics higher score indicates lower risks higher score indicates lower risks lower rank indicates lower risk 70 63 40 26 34 24.9 24.7 60 35 25 30 24.1 50 45 30 24 43 25 40 19 23 20 16 30 22 21.6 15 20 10 21 10 5 20 0 0 19 FY 23 FY 24 FY 25 FY 22 FY 23

107. Slide 107: Key ESG metrics (BRSR) – improvement

     Key ESG metrics (BRSR) – improvement Chola – FY Chola – FY Pillar Metrics 25 24 Environment Renewable energy usage increased significantly 159 GJ 193.23 34.2 Environment Reduced Energy intensity per rupee of turnover 3.46 3.98 Environment Reduced Water intensity per rupee of turnover 22.88 27.94 Env

108. Slide 108: Social Responsibility Year-wise Thematic Allocation

     Social Responsibility Year-wise Thematic Allocation (₹ Cr) 108

109. Slide 109: Contact us

     Contact us Cholamandalam Investment and Finance Company Limited (Chola), Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Our registered Chennai - 600032. office Toll free number: 1800-200-4565 (9 AM to 7 PM) Land Line: 044–4090 7172 http://www.cholamandalam.com Sujatha P- Chi

110. Slide 110: Disclaimer

     Disclaimer • Certain statements included in this presentation may be forward looking statements made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Cholamandalam Investment and Finance Company Ltd and its subsidiaries. There can

111. Slide 111: Thank You

     Chola at Enter a better life murugappa THANK YOU Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai - 600032. | Email: customercare@chola.murugappa.com | Website: www.cholamandalam.com Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company — FY2026 Earnings Presentation on 6ix