Fedbank Financial Services Ltd. · NSE:FEDFINA
Fedbank Financial Services — Q4 FY26 Earnings Presentation
43 slides from Fedbank Financial Services's earnings presentation, 2026
Slide 1: Fedbank Financial Services Investor Presentation Q4 FY26
FEDBANK FINANCIAL SERVICES INVESTOR PRESENTATION Q4 FY26 EMPOWERING EMERGING INDIA WITH EASY ACCESS TO LOANS
Slide 2: 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 3: Table Of Content
Table Of Content Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 4: Executive Summary: Q4 FY26
Executive Summary : Q4 FY26 Business ➢ AUM Growth: 27.5% YoY increase to ₹20,153 Cr (40.8% YoY Ex. Business Loans) ➢ Disbursals: ₹11,665 Cr, growth of 109.1% YoY ➢ Gold Loan AUM: 76.0% YoY growth to ₹10,352 Cr, contributing 51.4% to total AUM ➢ Achieved all time high net growth in Gold AUM of ₹2,447
Slide 5: Interim Milestones in Our Journey
Interim Milestones in Our Journey… Fully AUM Stabilized Enhanced Strengthened Secured Lending Milestone Credit Cost Footprint Return Profile Strengthening portfolio Powerful driver of Positioning credit costs Steady branch Consistent gains in PAT, through entirely overall financial on a sustainable,
Slide 6: Progress against commitments
Progress against commitments… Strategy Parameters FY25 FY26 CRAR 21.9% 22.4% Capital Efficiency Tier II Fortification 3.0% 4.9% Fully Secured Portfolio Focused on secured lending (% on AUM) 89.5% 98.9% Reduced DA Income (% of PBT) 21.7% 1.6% Core Income Focus Operating Profit (Excl. DA Income) (₹ in
Slide 7: Progress against commitments
Progress against commitments… Strategy Parameters FY25 FY26 AUM growth (Ex-BL) 36.6% 40.8% Business Expansion Incremental branch expansion 83 148 Expand doorstep gold loan (AUM ₹ in Crs) 830 1,730 Strengthened Collections Team (In-house) 1x 1.8x Reduced Agency Allocation 1x 0.4x Asset Quality GNPA 2
Slide 8: Q4FY26 Result Summary
Q4FY26 Result Summary YoY QoQ ₹20,153 Cr ₹11,665 Cr ₹100.5 Cr ₹2,926 Cr 78.2 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 27.5% 15.2% 109.1% 35.5% 40.3% 14.4% 14.9% 4.3% 14.4% 4.2% 98.9% ₹13,484 Cr 22.4% 757 5,303 Secured AUM Borrowings1 CRAR Branches Employees3 939 bps 55 b
Slide 9: FY26 Result Summary
FY26 Result Summary YoY ₹20,153 Cr ₹31,410 Cr ₹343.6 Cr ₹2,926 Cr 78.2 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 27.5% 67.2% 52.6% 14.9% 14.4% 98.9% ₹13,484 Cr 22.4% 757 5,303 Secured AUM Borrowings1 CRAR Branches Employees3 939 bps 31.3% 48 bps 63 16.1% 1.9% 1.3% 0.8% 2.
Slide 10: Who we are
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 11: 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 12: Our Board of Directors
Our Board of Directors Shyam Srinivasan K.V.S. Manian Harsh Dugar Non- Executive Chairman & Non-Executive Non-Executive Non-Executive Director Nominee Director Nominee Director Maninder Juneja Sunil Gulati Ramesh Sundararajan Non-Executive Independent Director Independent Director Nominee Director S
Slide 13: Management Team
Management Team Parvez Mulla MD & CEO C.V. Ganesh Anila Rajneesh Vikram Rathi Chief Financial Chief Human Chief Risk Officer Officer Resource Officer Shardul Kadam K Sureshkumar Jagadeesh Rao CBO – Mortgage CBO – Mortgage CBO - Gold Loan & (Small Ticket) (Medium Ticket) Chief Marketing Officer Deep
Slide 14: Shareholding Pattern
Shareholding Pattern Shareholding : 31st March 2026 Top Institutional Shareholders :31st March 2026 Investor Details % Holding Others 19.7% Federal Bank Ltd 60.8% True North Fund VI LLP 7.3% Nuvama Private Investment 2.7% FII 0.7% MFs 2.7% Bandhan Mutual Fund 2.2% Insurance Cos. 3.1% SBI Life Insura
Slide 15: Our Growth Journey
Our Growth Journey FY26 • AUM: ₹ 202 bn Credit Rating • Branches: 757 upgraded to • Employees: 5,303 AA+/Stable by FY20 – FY22 CARE and India Ratings • AUM: ₹62 bn (FY22) • Branches: 516 (FY22) 202 FY16 – FY19 • Employees: 2,855 (FY22) Initial Public • AUM: ₹20 bn (FY19) Offering of 158 • Branches:
Slide 16: 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 17: 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 18: Our Product Suite
Our Product Suite Mortgage Loans Category Gold Loans Medium Ticket LAP Small Ticket LAP and HL AUM 10,352 5,570 3,792 (₹Cr) (51.4%) (27.6%) (18.8%) (% of total) Avg. Ticket Size 2.7 72.4 16.1 (₹ Lakh) Disbursement (₹Cr) 10,744 632 289 & (Origination (17.7^%) (12.0%) (15.1%) Yield) Average Originatio
Slide 19: 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 20: Our Footprints
Our Footprints Comprehensive Branch Network Branch & AUM Mix 757 17 166 25% Branches States 287 41% and UTs Branch AUM 13 1 Mix Mix 8 32 46 304 34% 34 32 136 South West North South West North 20 2 141 Branch Expansion Branch Expansion New : 148 42 Gold Loan Co-Located MSME Hubs Closed : 15 757 Co-lo
Slide 21: Our Business
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 22: Disbursements & AUM
Disbursements & AUM ₹ Cr Gold Loan Non- Gold Loan CAGR: 43.2% Disbursements 11,665 31,410 921 3,084 8,606 753 18,788 5,578 5,933 13,579 4,186 5,205 28,326 649 10,744 10,748 998 760 4,202 7,853 7,470 3,312 1,955 14,602 5,284 9,377 4,580 4,445 5,515 7,436 FY22 FY23 FY24 FY25 FY26 Q4 FY25 Q1 FY26 Q2 FY
Slide 23: 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 5,133 5,515 246 210 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 10,744 725 632 289 270
Slide 24: Gold Loan: Key Metrics YoY
Gold Loan : Key Metrics YoY AUM Per Branch (₹Cr)* Gold Tonnage CAGR: 16.4% 12.6 16.5 11.3 9.5 12.1 8.1 6.9 9.1 6.8 5.5 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Number of Gold Branches Portfolio LTV 628 69.6% 70.1% 70.6% 65.7% 484 60.9% 437 438 407 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY2
Slide 25: Geographical AUM Mix
Geographical AUM Mix Gold Loan Mortgage Loan 3% 5% 6% 9% 9% 13% 17% 17% 14% 19% 20% 19% 20% 24% 30% 28% 27% 28% 29% 32% 29% 38% 30% 43% 25% 44% 44% 23% 77% 63% 67% 66% 62% 55% 56% 52% 50% 45% 47% 40% 37% 36% FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY20 FY21 FY22 FY23 FY24 FY25 FY26 South West North Reduc
Slide 26: Yields, CoB and Spreads
Yields, CoB and Spreads Spreads Yields Cost of Borrowings Spreads Yields Cost of Borrowings 16.7% 17.1% 16.7% 16.8% 17.0% 16.8% 16.8% 16.0% 16.1% 16.2% 8.6% 9.0% 8.6% 8.1% 8.5% 8.4% 7.8% 7.8% 7.8% 7.8% 8.2% 8.3% 8.2% 8.6% 8.2% 8.7% 9.0% 9.0% 8.1% 7.7% FY 22 FY 23 FY 24 FY 25 FY 26 Q4 FY25 Q1 FY26 Q2
Slide 27: Off-book
Off-book ₹ Cr AUM AUF Off Book % Product Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Mortgage 8,062 9,084 9,362 5,654 6,146 6,302 29.9% 32.3% 32.7% Gold Loan 5,880 7,905 10,352 4,750 6,493 7,919 19.2% 17.9% 23.5% Business Loan 1,656 285 218 1,216 80 62 26.6% 72.1% 71.6% T
Slide 28: Quality of the Book
Quality of the Book ~76% AUM from customers with CIBIL >7001 Medium Ticket LAP Small Ticket LAP & HL Business Loan 4%3% 9% 5% 12% 7% 16% 68% 81% 95% >700 650-700 <650 0/-1 >700 650-700 <650 0/-1 >700 <=700 Granular loan book with high quality collateral 98.9% 82.2% ₹ 34.3 Lakh AUM secured collateral
Slide 29: Portfolio Quality Indicators (1/2)
Portfolio Quality Indicators (1/2) Gross Stage III Net Stage III PCR – Stage III 40.0% 2.0% 2.1% 1.9% 32.3% 32.3% 1.4% 1.3% 1.2% Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 1+ DPD 30+ DPD 60+ DPD 7.3% 7.1% 4.7% 4.5% 6.0% 3.7% 2.6% 2.7% 2.2% Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25
Slide 30: Portfolio Quality Indicators (2/2)
Portfolio Quality Indicators (2/2) ₹ Cr Q4FY26 Gross Stage III % Net Stage III % Particulars Gross Stage Net AUF PCR (%) Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 III Stage III Mortgage 6,302 239.4 131.9 44.9% 3.4% 3.8% 3.8% 1.9% 2.1% 2.1% Gold Loan 7,919 16.9 6.8 59.7% 0.4% 0.3% 0.2% 0.3% 0.2
Slide 31: Expected Credit Loss
Expected Credit Loss ₹ Cr Particulars Q4 FY25 Q3 FY26 Q4 FY26 Gross Stage 1 Assets 11,107 12,297 13,921 % of total loan assets 93.8% 95.0% 96.0% ECL provision * 69.6 54.2 66.6 ECL provision % of assets^ 0.32% 0.30% 0.35% Gross Stage 2 Assets 493 382 313 % of total loan assets 4.2% 3.0% 2.2% ECL prov
Slide 32: Funding Profile
Funding PortfolioProfile Quality Indicators Funding Profile ALM Position as on 31st March 2026 Daily Average Cost of (Cumulative) ₹ Cr Borrowing* 11% 8.72% 8.56% 3,669 8.19% 1,747 6% 7.87% 7.83% < 3 months 1,922 7% 50% 4,327 < 6 months 1,025 3,302 13% 12,204 < 1 year 6,627 14% 5,577 Term Loans Direc
Slide 33: Financial Performance
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 34: Financials
Financials ₹ Cr Particulars Q4 FY25 Q3 FY26 Q4 FY26 QoQ YoY FY 25 FY 26 YoY Operational Information Branches (#) 694 730 757 3.7% 9.1% 694 757 9.1% Disbursements 5,578 8,606 11,665 35.5% 109.1% 18,788 31,410 67.2% AUM 15,812 17,500 20,153 15.2% 27.5% 15,812 20,153 27.5% Employees (#) 4,568 5,085 5,3
Slide 35: Balance Sheet
Balance Sheet ₹ Cr Balance Sheet Q4 FY25 Q3 FY26 Q4 FY26 QoQ YoY FY25 FY 26 YoY Assets Cash & Cash Equivalents & Other bank Balance 835 336 1391 835 1391 Loans 11,646 12,768 14,319 11,646 14,319 Investments 404 782 402 404 402 Other Financial Assets & Receivables 107 272 452 107 452 Non-Financial As
Slide 36: Profit & Loss Statement
Profit & Loss Statement ₹ Cr Profit & Loss Statement Q4 FY25 Q3 FY26 Q4 FY26 QoQ YoY FY 25 FY 26 YoY Interest Income 495.5 526.8 582.1 1858.6 2101.6 Interest Expenses 215.9 208.1 239.4 853.8 879.3 Net Interest Income (Core) 279.6 318.8 342.7 7.5% 22.6% 1004.9 1222.3 21.6% Net Gain on Direct Assignme
Slide 37: RoA Tree
RoA Tree RoA Tree Q4 FY25 Q3 FY26 Q4 FY26 FY 25 FY 26 Interest Income / Average total assets 15.3% 15.2% 14.9% 15.0% 15.0% Interest Expenses / Average total assets 6.7% 6.0% 6.1% 6.9% 6.3% Net Interest Income (Core) / Average total assets 8.6% 9.2% 8.8% 8.1% 8.7% Net Gain on DA / Average total Asset
Slide 38: Technology, Digital, ESG & CSR
Who we are Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 39: 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 40: Digital Landscape
Digital Landscape Fedfina Loans Fedfina Lite Fedfina Collect 14 Lakh+ Downloads 86%+ Digital Registrations 70%+ Digital Payments Customer Acquisition & Employee Productivity Collection Management Servicing Well established digital presence 40
Slide 41: ESG
ESG ESG : Framework ESG : Purpose ESG Policy Key Performance Indicators Create substantial and profound impact by actively promoting and nurturing a sustainable culture within the workplace, fostering a Board approved Clearly identified list sense of care and support for employees and undertake init
Slide 42: 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 43: Thank You
THANK YOU investor@fedfina.com www.fedfina.com
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