Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q4 FY2026 Earnings Presentation
44 slides from Esaf Small Finance Bank's earnings presentation, May 1, 2026
Slide 1: Stock exchange cover letter for investor presentation
Ref No: 01/SE/CS/MAY/2026-27 Date: May 1, 2026 To, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E), Mumba
Slide 2: Investor Presentation | April 2026 Q4 and FY 2026
Investor Presentation | April 2026 Q4 and FY 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ESAF Small Finance Bank Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Business snapshot
Business snapshot Operational Advance Profile Deposit Profile Financials Gross Advances Deposits Profit/(Loss) After Tax 24 States and 2 UTs FY26 : ₹ (166) cr 6,263 Total Customer Touch ₹ 22,426 cr (YoY Growth: 19.4%) ₹ 25,850 cr (YoY Growth: 11.1%) M.A.R.G Loans: 57% CASA Q4 FY26 : ₹ 24 cr; Q3 FY26
Slide 5: Advances
Advances
Slide 6: M.A.R.G – Road towards sustainable growth with a de-risked business
M.A.R.G – Road towards sustainable growth with a de-risked business Gross Advances of MARG portfolio (₹ Crs) and its contribution (%) Total GNPA (%) of MARG portfolio 0.7 0.7 24% 26% 47% 57% 0.4 0.2 12,812 Mar-23 Mar-24 Mar-25 Mar-26 CAGR - 56% Disbursements of MARG portfolio (₹ Crs) 8,740 35,022 CA
Slide 7: Total Gross Advances Mix
Total Gross Advances Mix Total Gross Advances Mix (₹ Crs) • Total Gross Advances grew by 19.4% on Y-o-Y 23.9 23.1 24.3 26.2 27.9 basis and 8.4% on Q-o-Q basis 18,779 18,224 19,137 20,679 22,426 • Secured Advances are 61% of the portfolio as of 1,257 617 March-26 compared to 53% as of March-25 1,067
Slide 8: Total Disbursement Mix
Total Disbursement Mix Total Disbursement Mix (₹ Crs) Secured & Unsecured Mix in Disbursement (%) 8.7 9.8 11.3 16.5 16.1 6,878 7,694 8,913 12,997 12,926 203 288 159 254 33 245 91 85 82 81 78 163 110 88 242 169 9,778 9,224 65 163 118 190 (82%) 6,518 (90%) (85%) 4,946 6,289 (76%) 19 22 452 (69%) 15 18
Slide 9: Yield and Average Ticket Size
Yield and Average Ticket Size Yield on Average Ticket Credit Cost (%) *# March 2026 Advances Size (Rs.) Agricultural Loans 15.4% ~80,000 7.5 MSME Loans 9.7% ~2,50,000 5.3 5.6 Loans to financial institutions 10.7% ~8,25,00,000 5.1 4.1 Auto Loans 11.0% ~5,50,000 Gold Loans 13.5% ~4,50,000 Retail Loans
Slide 10: Asset Quality
Asset Quality
Slide 11: Asset Quality
Asset Quality GNPA & NNPA (%) PCR (%) 8.5 7.5 6.9 5.6 5.4 80.5 73.2 74.4 3.8 3.8 69.0 3.0 2.7 1.8 53.8 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 GNPA NNPA * PCR for Q3FY26 had reduced on account of transfer of NPA portfolio having higher provisions to ARC NPA Movement (₹
Slide 12: Product wise NPA & Special Mention Accounts
Product wise NPA & Special Mention Accounts Gold Loans (₹ Crs) – GNPA & NNPA Micro Loans (₹ Crs) - GNPA & NNPA Retail & Other Loans (₹ Crs) - GNPA & NNPA 1,421 1,125 1,157 1,002 1,036 584 608 190 193 477 471 164 317 146 147 20 17 20 16 12 14 68 77 68 57 10 8 10 8 52 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY2
Slide 13: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 37.5% 34.3% 33.3% 33.2% 34.7% 30,868 29,137 22.7 22.4 22.7 22.2 27,178 26,703 27,129 21.8 18.4 17.6 16.9 15.9 14.7 10,203 9,684 10,701 9,154 9,073 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 T
Slide 14: Deposits
Deposits
Slide 15: Deposit Profile (1/2)
Deposit Profile (1/2) Total Deposits (₹ Crs) CASA and Term Deposit (₹ Crs) 24.8% 24.8% 26.4% 25.1% 23.9% 25,850 19,670 24,006 17,976 23,276 17,494 17,070 22,698 22,894 16,848 5,783 5,628 6,046 6,030 6,181 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Term Deposits CASA CASA %
Slide 16: Deposit Profile (2/2)
Deposit Profile (2/2) Cost of Funds and Cost of Deposits (%) Funding Mix (March-26) 2% 7.6 6% 7.4 9% 7.5 7.3 7.3 7.3 7.1 7.2 7.2 7.0 84% Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Cost of Funds Cost of Deposits Deposits Borrowings Shareholder Funds Other Liabilities Retail share of deposits (₹ Crs) and cont
Slide 17: Key Financial Metrics
Key Financial Metrics
Slide 18: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 518 269 434 432 378 195 201 372 145 145 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 24 253 7 241 233 125 91 93 -81 143 -11
Slide 19: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 84.3 81.7 17.6 78.2 16.2 16.0 16.5 16.6 71.0 66.4 6.9 6.6 7.3 6.0 5.9 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Yield on Advances NIMs * Q3FY26 – Adjusted for one time income of 69 cr. on account of transfer of NPA
Slide 20: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) Q4FY26 Q3FY26 Q-o-Q Q4FY25 Y-o-Y FY 2026 FY 2025 Y-o-Y Interest Income 995.08 894.05 11.3% 892.06 11.5% 3,537.18 3,857.53 (8.3)% Interest Expense 477.33 461.72 3.4% 457.64 4.3% 1,837.44 1,810.68 1.5% Net Interest Income 517.75 432.33 19.8% 434.42 19.2% 1,6
Slide 21: Balance Sheet
Balance Sheet Particulars (₹ Crs) Mar-26 Mar-25 Mar-24 Mar-23 CAPITAL AND LIABILITIES Capital 515.66 515.43 514.78 449.47 Employee Stock Option Outstanding 6.49 4.04 5.68 5.88 Reserves and Surplus 1,264.38 1,429.58 1,971.33 1,259.66 Deposits 25,850.16 23,276.44 19,867.80 14,665.63 Borrowings 2,752.7
Slide 22: Company Overview
Company Overview
Slide 23: A social business driven by providing “Joy of Banking” to customers
A social business driven by providing “Joy of Banking” to customers Vision Mission "To be India’s leading social bank that offers ESAF Small Finance Bank, promoted by Dr. Kadambelil Paul Thomas and ESAF "To provide responsive banking services to Financial Holdings, began operations on March 10, 2017
Slide 24: Shareholding Structure – As on March 31, 2026
Shareholding Structure – As on March 31, 2026 Promoter Shareholding structure Total Shareholding structure 4.9% 4.6% Dr Kadambelil Paul ESAF Financial Holdings ESMACO & Others 1 Thomas Private Limited 6.0% 52.9% 4.4% 27.2% 63.3% 63.3% Promoters Retail Shareholders Corporate Bodies Insurance Companie
Slide 25: Pan India Presence
Pan India Presence ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Split of banking outlets across locations Footprint in Rural & Semi-urban 10% 11% 53% Customers in rural and semi- 1 1 urban areas 6 6 11 58% 21% 11 15 16 2 6 2 69% Banking outlets in rural and 3 semi-urban
Slide 26: Journey So Far
Journey So Far 2026 • Crossed milestone of +1 crore customers 2024 2025 • Operationalisation of Authorised Dealer Category 1 Licence (Foreign Exchange operations) • Presented with the Most Sustainable Companies Award in BFSI at BT India’s • Tied up with Edelweiss Life Insurance to broaden the range
Slide 27: Our Product & Services
Our Product & Services Agri-Lending MSME Micro Banking Retail Assets Retail Liability Agri-Lending Products MSME Micro Banking Retail Assets Retail Liabilities • ESAF Dairy Development • TReDS (Trade Receivables • Microfinance Loans • Dream Housing Loans • Current Accounts Loan Electronic Discountin
Slide 28: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Banking Outlets Digital Banking o Provision for full-fledged o Multiple channels for servicing the banking product & services o Application (compatible with Android customers in an efficient manner o Branch Operations and iOS) that connects with the National o Customer
Slide 29: Technology Driven Model With An Advanced Digital Technology Platform
Technology Driven Model With An Advanced Digital Technology Platform ESAF SFB has continuously worked towards improving its customers’ experience through the use of technology. Such initiatives have enabled the Bank to deliver improved customer service in a cost-effective manner DIGITAL MEASURES DIG
Slide 30: Clearly Articulated Strategy
Clearly Articulated Strategy 1 Increase Deposits 2 Increase Advances 3 Deeper Penetration o Target new & existing customers for o Micro Loan Business: o Open additional Branches, ATMs CASA, fixed deposits and recurring • Cross selling and up-selling to its customer base along with engaging existing
Slide 31: Sustainability & ESG Performance – ESAF SFB’s social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy World Water Day was observed across the Bank CareEdge ESG Ratings upgrades score to 75.4 from 68.1 last year • ESAF SFB has received one of the highest ESG Ratings in the Indian Banking sector • It is now placed in the CareEdge-E
Slide 32: Sustainability & ESG Performance – ESAF SFB’s social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy ESAF Bank actively observed RBI Financial Literacy Week under the theme “KYC – Your first step to safe banking” • ESAF SFB conducted a Financial Literacy Program for guest workers on 10th February 2025 at Thrissur focusing on fin
Slide 33: Highlights of the study reports for improving ESG materiality
Highlights of the study reports for improving ESG materiality Automation of Internal systems has made a positive impact on Paper reduction and related environmental impact through E Sign environment with improved Governance and Employee Productivity SAVED The Bank received ISO 26000:2010 certificati
Slide 34: Annexures
Annexures
Slide 35: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Gross Advances (₹ Crs) Disbursements (₹ Crs) 22,426 42,530 18,772 18,779 14,118 12,131 20,983 17,013 14,691 11,945 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Total Deposits (₹ Crs) CASA & Term Deposits (₹ Crs) 25,850 19,670 23,276 17,493 19,868 15,366 14,6
Slide 36: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend ROA* (%) NIM* (%) 1.9 11.0 1.6 10.4 8.9 8.0 0.4 6.4 -0.6 -1.9 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 ROE* (%) Cost to Income (%) 19.4 20.3 77.9 71.6 4.1 63.7 57.9 58.6 -9.1 -22.8 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 *Annualized & Cumulativ
Slide 37: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend GNPA (%) NNPA (%) 7.8 6.9 3.9 5.4 3.0 4.8 2.3 1.8 2.5 1.1 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PCR (%) CRAR (%) 80.5 69.0 23.3 22.2 65.2 21.8 59.4 19.8 56.7 18.6 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 36
Slide 38: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 2,370 811 2,047 1,836 1,700 442 472 1,147 288 208 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 1,163 426 302 894 712 55 557 492 -166
Slide 39: Profit & Loss Statement – Annual Trend
Profit & Loss Statement – Annual Trend Particulars (₹ Crs) FY26 FY25 FY24 FY23 FY22 Interest Income 3,537 3,858 3,818 2,854 1,940 Interest Expense 1,837 1,811 1,449 1,017 793 Net Interest Income 1,700 2,047 2,370 1,836 1,147 Other Income 811 472 442 288 208 Net Total Income 2,511 2,519 2,812 2,124 1
Slide 40: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Karthikeyan Manickam Kadambelil Paul Thomas Part time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer o Master’s degree in Science (Agriculture) in Agronomy from Tamil Nadu o Doctorate from Kerala Agricult
Slide 41: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ajay Sharma Ms. Kolasseril Chandramohanan Ranjani Non-Executive Independent Director Non-Executive Independent Director o Master’s degree in Business Administration in Finance from R A Poddar Institute o Bachelor’s degree in science from University
Slide 42: Experienced Management Team
Experienced Management Team Supported by a highly experienced team of qualified & experienced professionals Name & Designation Qualification Prior Associations o General manager in the HR & Administration department of ESAF Bosco Joseph o LLB with specialization with Labor Laws Microfinance and Inve
Slide 43: Awards & Recognitions – Annual Trend
Awards & Recognitions – Annual Trend 2020 - 21 2021 -22 2022 - 23 2023 - 24 2024 - 25 2025 -26 o Outstanding Achievement Award o Secured the “Most Impactful o ‘Global Sustainability Award o Semi Finalist at the SKOCH o ‘Small Finance Bank of the o ‘Excellence in Customer at the Outreach Programme So
Slide 44: For Investor queries
For Investor queries Mr. Ranjith Raj P investor.relations@esafbank.com Email: investor.relations@esafbank.com Mr. Swapnil Moray swapnil.vijaymoray@esafbank.com Email: swapnil.vijaymoray@esafbank.com www.esafbank.com Website: www.esafbank.com
ESAF Small Finance Bank — Q4 FY2026 Earnings Presentation on 6ix