Manba Finance Limited · NSE:MANBA
Manba Finance — Q1 FY2027 Earnings Presentation
36 slides from Manba Finance's earnings presentation, July 2026
Slide 1: Investor Presentation July 2026
INVESTOR PRESENTATION July 2026
Slide 2: Company Snapshot
Company Snapshot Manba Finance is a NBFC providing tailored financial solutions for two wheelers, three wheelers, used Cars, MSME Lap loans and personal Loans Present across AUM 95% network of INR 17,308 Mn Secured AUM 1,700+ dealers Present in 7 States CARE rating of BBB+ 1,956 employees & spread a
Slide 3: Financial Snapshot
Financial Snapshot Net Interest Income Net Interest Margin Cost of Borrowings Average Yield on INR 416 Mn^ 12.13%^ 10.86%^ Average AUM 23.32%^ Return on Asset (%) Return on Equity (%) Gross NPA Net NPA 2.63%* 11.65%* 3.41%^ 2.52%^ Capital Adequacy Ratio Provision Coverage Debt Equity Ratio Disbursem
Slide 4: Q1-FY27 Performance
Q1-FY27 Performance Total AUM Disbursement Net Interest Income Dealers (22.3% Growth) (36.9% Growth) (35.9% Growth) 1,784 (Q1-FY27) INR 17,308 Mn (Q1-FY27) INR 2,263 Mn (Q1-FY27) INR 416 Mn (Q1-FY27) 1,258 (Q1-FY26) INR 14,154 Mn (Q1-FY26) INR 1,653 Mn (Q1-FY26) INR 306 Mn (Q1-FY26) PAT GNPA NNPA Lo
Slide 5: Company Overview
Company Overview af ead
Slide 6: Company Overview
Company Overview • Established in the year 1996, Manba Finance Limited (Manba) was founded by Mr. Total Revenue (INR Mn) & AUM (INR Mn) Manish Shah, a first-generation entrepreneur. 17,127 17,308 • Manba is a Non-Banking Financial Company offering financial solutions for new 2 13,314 Wheelers, 3 Whe
Slide 7: Beyond the Balance Sheet: What Sets Manba Apart
Beyond the Balance Sheet What Sets Manba Apart Four structural differentiators behind Manba's growth and asset quality OUR MISSION “Manba Finance merges innovation with empathy, utilising technology to deliver Lower Cost to Collect Security at the Core rapid loan solutions, fostering an unbreakable
Slide 8: Capitalizing on India's Expanding Financing Market
Capitalizing on India's Expanding Financing Market India’s Financing Market – Large, Growing & Underpenetrated Why the Opportunity is Attractive 2 Wheelers continue to be the preferred mode of mobility for India – affordable, convenient & aspirational 3 Wheelers are powering last-mile logistics and
Slide 9: Reaching India's First-Time Borrowers
Reaching India’s First – Time Borrowers Delivering the joy of a first vehicle to India's new-to-credit customers. As on June 2026 New-to-Credit First Expansion in South India and Loans extended to borrowers with no prior credit history. 40% of the new loans are MSME LAP given to the new to credit pe
Slide 10: Strong Enterprise Foundation
Strong Enterprise Foundation DIVERSIFIED AND COST EFFECTIVE MAINTENANCE OF COMPANY’S TECHNOLOGY DRIVEN & SCALABLE LONG TERM BORROWINGS ASSET QUALITY OPERATING MODEL • Diversified sources such as • 400+ personnel for collection • RM platform for business term loans & cash credit • 3-tier collections
Slide 11: From Mumbai to Bharat. One Million Journeys Along the Way.
From Mumbai to Bharat. One Million Journeys Along the Way. 1998 – 2019 2020 – 2024 2025+ CHAPTER 1 CHAPTER 2 CHAPTER 3 THE BEGINNING THE EXPANSION THE PLATFORM Started in Mumbai Beyond Maharashtra Across Bharat It started with two-wheeler finance in Mumbai, Proven business model, technology-led oper
Slide 12: Every Milestone Built a Stronger Platform
Every Milestone Built a Stronger Platform 1998 2014–18 2023 2025 RBI-registered NBFC; AUM ₹100 → ₹250 Cr; In-house FORCE CRM launched; 1 million customers; roots in Mumbai Pune, Nashik, Gujarat SBL, used-car & top-up TVS Motor pan-India vehicle finance entry products; Muthoot co-lending 3W MoU 2009
Slide 13: Board Of Directors
Board Of Directors Manish Kirit Kumar Nikita Manish Shah Monil Manish Shah Jay Khushal Mota Shah Whole Time Director Whole Time Director and Whole Time Director and Managing Director Chief Business Officer of Chief Financial Officer of of Company. Company. Company. He holds a bachelor’s degree in co
Slide 14: Geographical Presence
Geographical Presence Rajasthan Uttar Pradesh • Hanumangarh • Agra • Kanpur Dehat Uttar Pradesh • Ajmer Rajasthan • Jaipur • Auraiya • Kasganj • Alwar • Jodhpur • Ayodhya • Lakhimpur • Bhilwara • Jhunjhunu • Barabanki • Lucknow • Bikaner Gujarat Madhya Pradesh • Kotputli • Bareilly • Mathura • Chitt
Slide 15: Strong Branding & Marketing Initiatives
Strong Branding & Marketing Initiatives Sell and market Vehicle loan products through communication channels like digital marketing, mass media like radio, in-store branding, hoardings, organizing and sponsoring celebrity events and religious festivals Organizing dealer conferences and get together
Slide 16: Business Overview
Business Overview
Slide 17: Secured Product Portfolio
Secured Product Portfolio 2 WHEELERS 3 WHEELERS MSME LAP ➢ TARGET CUSTOMERS ➢ TARGET CUSTOMERS ➢ TARGET CUSTOMERS Customers purchasing two-wheelers and Customers purchasing three-wheelers Salaried and Self Employed (Retailer) EV two-wheelers and EV three-wheelers ➢ AVERAGE TICKET SIZE ➢ AVERAGE TICK
Slide 18: Unsecured Product Portfolio
Unsecured Product Portfolio Unsecured Loans MSME LAP SMALL BUSINESS LOANS PERSONAL LOANS ➢ TARGET CUSTOMERS Small businesses like kirana stores, garment shop, ➢ TARGET CUSTOMERS manufacturing unit, medical store, dairy, footwear shop, Salaried and self-employed individuals electrical and hardware sh
Slide 19: Loan Origination System
Loan Origination System Powered by BRE – Enabling Intelligent, Instant & Automated Credit Decisions Sub 60-Second Approvals. End-to-End Digital Journey. 1. Perfios Finstack API for eKYC 2. LotusPay (Aadhar, PAN, PNG, Elec Bill, eNach and mNach Penny Drop) 3. Transunion CIBIL For CIR report, 4. Karix
Slide 20: Dealer Network
Dealer Network • Ensuring swift KYC handling and showcasing the Name of State FY24 FY25 FY26 Q1-FY27 company's tech-driven customer focus Gujarat 228 294 323 356 • Dealers typically serve a the primary source for understanding customers' funding needs and they Maharashtra 473 476 480 518 also guide
Slide 21: Stage-wise Assets and Provisions Overview
Stage-wise Assets and Provisions Overview Jun-26 Mar-26 Jun-25 Jun-26 Mar-26 Jun-25 Particulars (INR Mn) (INR Mn) (INR Mn) (INR Mn) % to GA % to GA % to GA Gross Assets 17,308 17,127 14,154 100.00% 100.00% 100.00% Stage 1 16,191 16,012 13,124 93.55% 93.49% 92.72% Stage 2 527 544 538 3.04% 3.18% 3.80
Slide 22: Technology Driven Operating Model
Technology Driven Operating Model End-to-end solution Includes various modules Collection process is covering customer like lead monitoring, managed on a maker and onboarding through to straight through process checker based model and In-house software suite Integrated with loan maturity, ensuring e
Slide 23: Manba Finance Quadrant
Manba Finance Quadrant One Platform. Complete Ecosystem. Infinite Efficiency. Integrated Suite Next Generation LMS Works seamlessly with Advanced LMS for a future-ready, Loan A/c system. scalable and flexible learning experience. Comprehensive Module Wide range of modules to streamline operations En
Slide 24: Robust Collection And Monitoring Mechanism
Robust Collection And Monitoring Mechanism Continuous monitoring where customers are reminded of their payment schedules through text messages and to maintain adequate balance on the due date In-house legal department to initiate legal proceedings, for the purposes of recovering the amounts due from
Slide 25: Business Strategies
Business Strategies Increasing Penetration In Existing Investing in Technology Growing 2WS/ 3WS/ EV2WS/ Enhancing Brand Recall To Markets & Diversifying Into New and Digitization EV3WS Market Attract New Customers Markets • Expanded presence across • AI voice agents deployed for • Focusing on EV2Ws
Slide 26: Sources of Funds
Sources of Funds Bank SFB Borrowings Distribution (INR Mn) 8,576 8,316 6,468 4,843 4,515 4,167 NBFC 2,388 1,626 1,894 2,117 1,748 1,738 FY24 FY25 FY26 Q1-FY27 Secured Term Loans NCD Others Raised INR 6.5 Bn through Non-Convertible Debentures over the last two years at the rate of 10.5% ROI. 26
Slide 27: Q1-FY27 Financial Overview
Q1-FY27 Financial Overview —_-——_——— | — a
Slide 28: Key Financials & Operational Highlights
Key Financials & Operational Highlights Operational Highlights • Disbursements grew 37% YoY to INR 2,263 Mn, reflecting strong demand across the core vehicle finance portfolio and continued Q1-FY27 Financial Performance execution across existing markets. • Expanded geographic footprint into South In
Slide 29: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q1-FY27 Q1-FY26 YOY Q4-FY26 QOQ Interest Income 851 630 35.1% 924 (7.9)% Less: Finance Cost 435 324 34.3% 426 2.1% Net Interest Income 416 306 35.9% 498 (16.5)% Fee & Other Income 75 60 25.0% 10 NA Total Income 491 366 34.2% 508 (3.3)% Operating E
Slide 30: Financial Performance
Financial Performance Total Revenue (INR Mn) Net Interest Income (INR Mn) PAT (INR Mn) 3,302 454 1,616 2,510 378 1,300 312 1,916 865 926 416 133 FY 24 FY25 FY26 Q1-FY27 FY 24 FY25 FY26 Q1-FY27 FY 24 FY25 FY26 Q1-FY27 AUM (INR Mn) Disbursements (INR Mn) ROE (%) & ROA (%) 17,127 17,308 9,769 15.55% 8,
Slide 31: Key Performance Indicators
Key Performance Indicators Capital Adequacy Ratio (%) Provision Coverage Ratio (%) Cost of Borrowings (%) 29.81% 26.00% 26.00% 24.00% 11.33% 24.56% 24.46% 24.40% 20.00% 10.86% 10.80% 10.64% FY24 FY25 FY26 Q1-FY27 FY24 FY25 FY26 Q1-FY27 FY24 FY25 FY26 Q1-FY27 Gross NPA (%) Net NPA (%) 3.37% 3.23% 3.3
Slide 32: Financial Overview
Financial Overview
Slide 33: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 Q1-FY27 Interest Income 1,684 2,378 3,135 851 Less: Finance Cost 819 1,078 1,519 435 Net Interest Income 865 1,300 1,616 416 Fee & Other Income 233 132 167 75 Total Income 1,098 1,432 1,783 491 Operating Expenses 711 931 1,168 330 Profi
Slide 34: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY24 FY25 FY26 Financial Assets Cash and Cash Equivalents 373 1,285 1.778 Bank Balance other than cash and cash equivalents 876 1,114 893 Loans 7,831 11,461 15,603 Investments 267 379 938 Other Financial Assets 122 157 342 Total Financial Assets 9,469 14
Slide 35: Disclaimer
Disclaimer Manba Finance Ltd No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not c
Slide 36: Thank You
Thank You ri r ar Manba Finance Ltd