Csl Finance Limited · NSE:CSLFINANCE
Csl Finance — Q2 FY27 Earnings Presentation
41 slides from Csl Finance's earnings presentation, Nov 2, 2026
Slide 1: Exchange filing cover letter for investor presentation
CIN: L74899DL1992PLC051462 November 02, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Corporate Relationship Department C-1, Block-G, Bandra Kurla Complex, Phiroze, Jeejeebhoy Towers Bandra (E), Mumbai - 400051 Dalal Street, Mumbai-400001 NSE Symbol: CSLFINANCE BSE Scrip
Slide 2: Q2FY27 Investor Presentation
Q2FY27 Investor Presentation November 2026
Slide 3: Quarterly Business Update
2 Quarterly Business Business Growth YoY Update Loan Book Size Asset Quality Asset Quality: Stage Analysis P&L Highlights Treasury Update Quarterly Financial Snapshot Operational Updates Lending Partners 5Y Financial Snapshot
Slide 4: Business Growth YoY
3 Business Growth YoY Assets Under Disbursement Collection Management Efficiency ₹1,397 Cr 16% ₹1,627 Cr ₹293 Cr 31% ₹385 Cr 98% Consistent 99% Performance Q2’26 Q2’27 Q2’26 Q2’27 Q2’26 Q2’27 NII PAT AUM Mix (SME Retail: Wholesale) 7% Shift ₹40.9 Cr 21% ₹49.6 Cr ₹24.5 Cr 2% ₹25.0 Cr 34:66 in Favour
Slide 5: Loan Book Size
4 Loan Book Size Disbursements Collections Loan Book Collection Efficiency (₹ crore) (₹ crore) (₹ crore) (%) 31% 20% 16% 5% 16% 8% YOY Change QOQ Change YOY Change QOQ Change YOY Change QOQ Change 50 385 337 33 75 53 98 98 98 98 99 357 88 298 1,578 321 282 283 1,472 293 301 1,385 1,395 256 1,309 Q2F
Slide 6: Asset Quality
5 Asset Quality Gross NPA Net NPA Provision Coverage Ratio Write-offs & Recoveries (%) (%) (%) (₹ crore) 62 BPS 18 BPS 32 BPS 11 BPS YOY Change QOQ Change YOY Change QOQ Change 1.10 1.13 229 0.81 1.00 0.75 2.9 0.95 0.71 2.5 0.60 2.1 2.0 128 122 123 0.51 0.39 110 1.4 1.3 1.3 1.0 0.9 0.5 Q2FY26 Q3FY26
Slide 7: Asset Quality: Stage Analysis
6 Asset Quality: Stage Analysis Classification of Assets Basis the ECL Computation as Per Ind -AS: (₹ crore) PARTICULARS Q2FY26 Q1FY27 Q2FY27 Gross Stage 3 (GNPA) 6.58 13.92 17.84 % portfolio in Stage 3 0.51% 0.95% 1.13% ECL provision Stage 3 1.54 5.12 6.70 Net Stage 3 5.04 8.80 11.13 ECL Provision
Slide 8: P&L Highlights
7 P&L Highlights Net Interest Income Total Income Profit After Tax Yields (₹ crore) (₹ crore) (₹ crore) (%) 21% 10% 21% 10% 2% 13% YOY Change QOQ Change YOY Change QOQ Change YOY Change QOQ Change 18.2 18.2 18.3 18.2 18.1 77.4 49.6 24.5 25.0 45.5 69.2 70.3 16.8 45.0 22.1 16.5 16.5 16.5 16.6 41.4 63.
Slide 9: Treasury Update
8 Treasury Update 1 The Company has sufficient 3 Credit Rating for the liquidity of ₹76.8 crore as on Company has been Leverage Liquidity 30th September 2026, reaffirmed as A- | Stable (Ratio) (₹ crore) beside this Company has from Acuite Ratings & undrawn sanction limits Research as on (including N
Slide 10: Quarterly Financial Snapshot
9 Quarterly Financial Snapshot (₹ crore) PARTICULARS Q2FY26 Q1FY27 Q2FY27 Disbursements 293.40 320.80 384.99 Revenue 63.83 70.35 77.35 Interest Income 59.21 65.87 70.10 PBT 28.85 29.70 35.01 PAT 24.46 22.15 24.95 Bad debts written off 1.30 2.87 2.05 Bad debts recovered 1.98 1.28 1.44 Loans and Advan
Slide 11: Operational Updates
10 Operational Updates Loan Book Net Interest Income & Profitability Branch Footprint • AUM stood at ₹1,627 crore, up 16% YoY • The broader SME lending space • Net Interest Income stood at ₹49.6 • Rationalisation of non-performing and 8% QoQ. On-book AUM reached remains slow, with growth crore in Q2
Slide 12: Lending Partners
11 Lending Partners Banks & SFBs NBFC
Slide 13: 5Y Financial Snapshot
12 5Y Financial Snapshot (₹ crore) PARTICULARS FY22 FY23 FY24 FY25 FY26 Disbursements 491.10 758.72 1,052.04 1,118.74 1255.39 Revenue 74.62 117.54 166.58 216.04 257.02 Interest Income 67.66 108.54 153.72 199.11 241.82 PBT 44.98 61.47 85.60 96.88 112.10 PAT 33.68 45.52 63.36 72.09 86.11 Bad debts wri
Slide 14: About CSL Finance
13 About CSL Finance Introduction CSL’s Business Model Key Differentiators of CSL Business Verticals & Products SME Retail Wholesale
Slide 15: Introduction
14 Introduction CSL Finance Limited is a Non-Banking Finance 27% Company registered with the Reserve Bank of SME Retail India and listed on the NSE and BSE. The Company is a one-stop destination for Small and Medium-Sized Enterprises (SMEs) and real estate and non-real estate corporates to avail a v
Slide 16: CSL's Business Model
15 CSL’s Business Model Domain Expertise Focused Strategy Customer-Centric Build deep understanding Operate within circle of Prioritise customer of our markets, products, competence, and expand comfort, tailored products, and customers it over time swift disbursements, etc. 1 2 3 5 4 Healthy Busines
Slide 17: Key Differentiators of CSL
16 Key Differentiators of CSL 1 Target market: serving the unbanked & underserved Using alternative data instead 2 of conventional scorecards for Niche and focused real estate 1 underwriting wholesale book Swift disbursement & ease Focus on projects with decent SME Retail 3 of application 2 capital
Slide 18: Business Verticals & Products
17 Business Verticals & Products SME Retail: Micro/Small Loans to SME Mid-Sized Lap: WS Large: Structured WS Small: WS Other Term Loan: Kirana Stores, Traders, Schools, and Loan against properties for loans for Mid Income/ Construction loan Loan against SORP/SOCP other boutique shops and merchants b
Slide 19: SME Retail
18 SME Retail Business Vertical Using alternative Target market: Swift loans Small & data instead of Unbanked & and ease of flexible ticket conventional underserved application sizes scorecards to underwrite loans Promoting Focused on Quality collateral Achieving efficiency financial inclusion secur
Slide 20: SME Retail (1/3)
19 SME Retail (1/3) Key Product Categories LAP- LAP- LAP- SENP SCHOOL SALARIED ₹7-50 Lakhs ₹7-50 Lakhs ₹2-50 Lakhs Loan Amount Loan Amount Loan Amount ROI between 16% to 22% Self-employed Schools (tier-2/3) Salaried individuals individuals with with collateral with collateral collateral
Slide 21: SME Retail (2/3)
20 SME Retail (2/3) Presence 9 27% Rajasthan 4 26% Gujarat 3 13% Punjab 7 14% Haryana 1 0% New Delhi 3 4% Uttarakhand 8 16% Uttar Pradesh 35 Total Branch Network AUM DISTRIBUTION (in %) Clustered Approach to expanding branch network, based on understanding & comfort in each micro-market
Slide 22: SME Retail (3/3)
21 SME Retail (3/3) SME Active Accounts Average Loan-to-value Average Ticket Size Average Tenure (#) (%) (₹ Lakh) (Year) 13 3,242 45 42 42 42 12 7 7 7 7 7 11 11 10 3,224 40 38 38 3,209 3,208 35 3,179 30 25 20 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26
Slide 23: Digital-First Operating Model
22 Digital-First Operating Model End-to-End Digital-First Operating Model Digital Onboarding Digital Collections Key achievements of & Processing and Servicing current Tech Stack 100% paperless 99% collections digitally 24–48 hours average on boarding TAT reduction Servicing via: ~30 mins door-to-lo
Slide 24: Digital On-Boarding & Processing
23 Digital On-Boarding & Processing Fully digital, low touch Modular API first Multi-layered onboarding Architecture Verification End-to-end paperless Enables rapid scaling, ID, bank, geo- journey, drastically easy integration with location, criminal reducing turnaround third-party services, checks
Slide 25: Proprietary Applications
24 Proprietary Applications Collections Mobile Application Sales & Credit Mobility Application
Slide 26: Digital Collections & Servicing
25 Digital Collections & Servicing Real-Time EMI Collection & Settlement Digital Welcome Kit Digital Signing for the Loan Kits Cloud Telephony Enabled Call Centre SMS + UPI-based One-Click Repayment Links Digital Payment Collections, ~90% via: Auto Communication Engine via: Email, SMS | WhatsApp
Slide 27: Data Analytics & Other Capabilities
26 Data Analytics & Other Capabilities Real-time dashboard at multiple levels Constantly upgrading analytical BI Tool for more features Automating accounting entries from LMS Automating incentive solutions RegTech for RBI compliance and reporting (RBI mandates push for real-time monitoring, stress t
Slide 28: Wholesale
27 Wholesale Niche, focused, real estate wholesale book Robust Focused on collection secured lending framework Business Vertical book (100% of via escrow the book) accounts Strength in Built on in-depth affordable expertise of NCR housing and all its micro- segment markets
Slide 29: Wholesale (1/2): Robust Risk Management Framework
28 Wholesale (1/2) Robust Risk Management Framework Better Credit Customer Appraisal & Constant Selection: Excellent Monitoring Strong Screening Sourcing Presence in strategically selected Robust due diligence Dedicated, on-ground resourced micro-markets of NCR for asset monitoring Extensive credibi
Slide 30: Wholesale (2/2)
29 Wholesale (2/2) Active Accounts Average Loan-to-Value Average Ticket Size Average Tenure (#) (%) (₹ crore) (Year) 36 36 36 16 121 35 3 3 3 3 3 34 114 113 111 110 13 13 12 11 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY
Slide 31: Building for Leadership
30 Building for Leadership Building for Tomorrow Well Managed ALM Conservative Leverage Standards
Slide 32: Building a Robust Lending Franchise
31 Building a Robust Lending Franchise Professionals Governance Risk-management DNA Poised For Growth Professional Independent BOD Never grow at cost Multiple growth levers aligning: leadership & CXOs of risk-management 9 years of uninterrupted Self-sufficiency & growth of SME vertical Deep domain e
Slide 33: Well Managed ALM
32 Well Managed ALM Cumulative Inflow - Outflow 39 43 45 49 287 499 0 (₹ Crore) 100 0 900 800 700 676 647 600 500 439 400 300 260 255 247 148 115 112 115 113 200 70 100 31 35 0 >1 month >2-3 month >3-6 month >6-12 months 1-3 Years 3-5 Years Over 5 Years Inflow (₹ Crore) Outflow (₹ Crore)
Slide 34: Conservative Leverage Standards
33 Conservative Leverage Standards CONSERVATIVE LEVERAGE THRESHOLD 700 1.5-2X in Wholesale & <4X in SME Retail 90% Total Equity Leverage Ratio Capital Adequacy Ratio Column2 80% 600 73% 79% 615 65% 66% 70% 64% 500 542 60% 473 50% 400 47% 50% ₹54 51% 43% Crore Equity ₹48 40% 320 362 300 Fund raise in
Slide 35: Leadership
34 Leadership Board of Directors Management Team
Slide 36: Board of Directors
35 Board of Directors Rachita Gupta Ashok Kathuria Parmod Bindal Whole-time Director Director Independent Director Ms Rachita is a commerce graduate and has Mr Kathuria has been associated with the Mr Parmod Bindal has been a Chartered done her Masters of Business Finance from Company since its ince
Slide 37: Management Team
36 Management Team Work Experience Years at CSL Rohit Gupta Rachita Gupta Naresh Varshney Amit Kaul Chandan Kumar Prince Bhardwaj Atul Agrawal Ayussh Mittal Managing Director Whole-time Director Chief Financial Chief Technology Head – Chief Business Officer President – President- internal Officer Of
Slide 38: Strategy
37 Strategy Strategic Priorities Key Takeaways
Slide 39: Strategic Priorities
38 Strategic Priorities Rationalisation of Optimising Branch Leveraging Technology Focusing on Core Leveraging Credit Portfolio Profitability to Strengthen Operations Competencies Rating Upgrade The Company is rationalising The Company is expanding The Company is enhancing The Company remains The Co
Slide 40: Key Takeaways
39 Key Takeaways Well Capitalised Geared for Growth Strong Risk Management DNA CSL is a well-capitalised With a significant headroom to The Company puts risk lender with a superior grow leverage ratio, and a management at the foremost. It also Capital Adequacy Ratio. conducive external follows conse
Slide 41: Safe Harbour
Safe Harbour This presentation may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations and on certain assumptions of the management of CSL Finance Limited (“CSL”). Actual results may vary from the forward-looking statements conta