Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q1 FY26 Earnings Presentation
41 slides from Esaf Small Finance Bank's earnings presentation, Aug 9, 2025
Slide 1: Stock exchange cover letter for investor presentation
Ref No: 8/SE/CS/AUG/2025-26 Date: August 9, 2025 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), Mum
Slide 2: Investor Presentation | August 2025
Investor Presentation | August 2025
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: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview Vision Mission ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Name of the State/ BOs ATMs CSC "To be India’s leading social bank that Union Territory Ladakh "To provide responsive banking services offers equal opportunities for the whole Andhra Pradesh 7
Slide 6: Business Snapshot
Business Snapshot Other Touch Points 95.80 lakh Total Customers 24 States and 2 UTs 1,095 Customer Service Operational 788 Banking Outlets 12,124 Employees 8,277 Total Customer Centers 713 ATMs 33 Institutional Business Touch Points 4,948 Banking Agents Correspondents 733 Business Facilitators Total
Slide 7: Geographical Footprint
Geographical Footprint Banking Outlets (Nos.) Split of banking outlets across locations 10% 11% Mar-25 753 787 788 700 58% 21% Mar-23 Mar-24 Mar-25 Jun-25 Semi Urban Urban Rural Metro Gross Advances by States (Jun-25) Reduced Home State Concentration (% of Gross Advances) Mar-21 Jun-25 Kerala 35.0%
Slide 8: Financial Performance
Financial Performance
Slide 9: Total Loan Book & Disbursement Mix
Total Loan Book & Disbursement Mix Total Loan Book Mix (₹ Crs) Disbursements Mix (₹ Crs) 7,694 26.0 25.4 24.9 24.9 25.1 6,878 5,544 4,503 4,058 5,832 6,963 2,872 4,226 (90%) 19,664 19,643 19,809 2,798 (85%) (64%) (76%) 19,216 19,161 1,017 1,010 (69%) 1,038 (5%) 500 1,632 1,260 1,318 1,046 731 234 1,
Slide 10: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 588 195 540 487 436 141 378 115 112 97 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 254 63 143 127 125 91 -81 -190 -183 Q1F
Slide 11: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 20.2% 19.7% 77.9% 78.2% 19.0% 74.7% 75.9% 17.6% 16.2% 64.0% 9.4% 8.6% 7.7% 6.9% 6.0% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Yield on Advances NIMs ROA* (%) ROE* (%) 0.9% 9.9% -0.9% -10.3% -1.2% -17.1% -1.7% -19.0
Slide 12: Asset Quality (1/2)
Asset Quality (1/2) GNPA & NNPA (%) PCR (%) 78.6% 80.5% 73.7% 73.2% 7.5% 6.6% 6.9% 6.9% 6.9% 61.9% 3.9% 3.8% 3.2% 2.9% 2.9% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 GNPA NNPA NPA Movement (₹ Crs) Description Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Opening balance of Gross NPA
Slide 13: Asset Quality (2/2)
Asset Quality (2/2) Credit Cost *# Top 5 States NPAs (₹ Crs) 1,150 1,159 9.3% 1,077 956 997 7.6% 7.5% 5.3% 3.7% 367 335 197 92 121 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Top 5 States NPAs Other States NPAs Net Slippages* (₹ Crs) 5 States 7.4% 9.9% 9.6% 7.9% 9.3% 467 Ta
Slide 14: Special Mention Accounts (SMA)
Special Mention Accounts (SMA) Gold Loans (₹ Crs) Micro Loans (₹ Crs) 181 316 274 274 251 253 237 127 228 212 119 200 198 201 100 186 168 172 82 136 51 59 28 31 26 27 14 4 3 2 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 SMA 0 SMA 1 SMA 2 SMA 0 SMA 1 SMA 2 Retail & Other Loa
Slide 15: Product wise NPA
Product wise NPA Gold Loans (₹ Crs) Micro Loans (₹ Crs) 31 31 1,143 1,147 1,127 1,125 1,157 28 20 17 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Retail & Other Loans (₹ Crs) 190 146 116 101 71 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 14
Slide 16: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 46.4% 45.0% 40.6% 37.5% 34.3% 23.5% 23.2% 22.7% 22.7% 27,178 21.8% 26,835 26,646 26,747 26,703 20.1% 19.6% 18.7% 18.4% 17.6% 12,464 12,002 10,873 10,203 9,154 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4F
Slide 17: Key Balance Sheet Metrics
Key Balance Sheet Metrics Shareholders Funds (₹ Crs) Gross Advances (₹ Crs) 18,783 18,340 18,291 18,779 18,224 2,558 2,333 2,124 1,945 1,864 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Total Deposits (₹ Crs) CASA Deposits (₹ Crs) 23,276 5,592 5,783 5,628 21,613 22,415 22,69
Slide 18: Shareholding Structure
Shareholding Structure Structure as on June 30, 2025 ESAF Financial Holdings Private Kadambelil Paul Thomas Limited Dia Vikas* 6.05% 52.88% 19.99% ESMACO ESAF Small Finance Bank 74.03% Others1 5.98% Other Shareholders ESMACO & Others 2 36.69% 4.38% Promoter/ Promoter Group entities Public shareholde
Slide 19: Key Strengths
Key Strengths
Slide 20: Key Strengths
Key Strengths Strong Rural And Semi-Urban Continued focus on Loan Multi-Nodal Delivery Channels Banking Franchise Diversification Technology Driven Model With Robust Funding Profile and An Advanced Digital Technology Customer Centric Approach Competitive Product Lineup Healthy Capital Adequacy Platf
Slide 21: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Digital Banking Banking Outlets o Application (compatible with Android and iOS) that connects with the National o Provision for full-fledged Payments Corporation of India’s unified o Multiple channels for servicing the banking product & services payments interface platf
Slide 22: Strong Rural And Semi-Urban Banking Franchise
Strong Rural And Semi-Urban Banking Franchise Strong rural and semi-urban franchise of ESAF to take advantage of the growth opportunity in the under-penetrated rural and semi-urban market Majority of advances in rural & semi-urban regions Focusing on rural & semi-urban areas in the liabilities profi
Slide 23: Continued focus on Loan Diversification
Continued focus on Loan Diversification As of June 30, 2025, ESAF SFB had over 36 lakh loan customers, the majority of whom were women Growth in Total Loan Book (₹ Crs) Continued focus on Loan Diversification 25% 30% 51% 54% 19,659 19,643 19,809 4% 5% 5% 5% 4% 1% 5% 1% 3% 5% 3% 16,331 5% 13% 15% 3%
Slide 24: Robust Funding Profile and Healthy Capital Adequacy
Robust Funding Profile and Healthy Capital Adequacy Deposits growth (₹ Crs) % deposits from top 20 largest depositors Retail share of deposits (₹ Crs) 91% 92% 93% 96% 9.8% 23,276 22,698 19,868 7.3% 21,800 21,764 6.1% 18,368 14,666 35.4% 4.5% 13,346 63.1% Mar-23 Mar-24 Mar-25 Jun-25 Mar-23 Mar-24 Mar
Slide 25: 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 26: Customer Centric Approach
Customer Centric Approach Products to meet customers’ life-cycle needs Home loans Agri-loans Loan against property Personal Loans Vehicle Loans Gold Loans MSME Micro Assets Customer service measures CUSTOMER SERVICE COMMUNITY 24*7 CALL CENTRE DOOR-STEP BANKING QUALITY DEPARTMENT BUILDING PROGRAMME •
Slide 27: Competitive Product Lineup
Competitive Product Lineup Agri-Lending MSME Micro Assets Retail Assets FIBD Retail Liability Third Party Products Other Services Loan & Advances o Current Accounts Retail o Savings Accounts Agri-Lending Products MSME Retail Assets o Recurring Deposits Liabilities o Fixed Deposits o ESAF Dairy Devel
Slide 28: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravimohan Periyakavil Ramakrishnan Kadambelil Paul Thomas George Kalaparambil John Part time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer Executive Director o Bachelor’s and master’s degree in science f
Slide 29: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ravi Venkatraman Thomas Jacob Kalappila Vinod Vijayalekshmi Vasudevan Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director o Associate member of the Institute of Chartered Accountants of o Fellow m
Slide 30: Experienced Management Team
Experienced Management Team Supported by a highly experienced team of qualified & experienced professionals Name & Designation Education Prior Associations George Thomas o Senior agriculture officer (assistant director agriculture) - Department o Master’s degree of science in ecology & environment f
Slide 31: 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 32: A social business driven by providing "Joy of Banking" to customers
A social business driven by providing “Joy of Banking” to customers ESAF SFB has adopted a triple bottom line approach towards business in line with the motto – ‘fighting the partiality of prosperity’. The triple bottom line approach of ESAF ESAF SFBs main focus is on unbanked and under- banked cust
Slide 33: Sustainability & ESG Performance – ESAF SFB's social business strategy
Sustainability & ESG Performance – ESAF SFB’s social business strategy The Bank received ISO 26000:2010 certification during FY 23-24. It is a recognition for the ESAF BANK ENVIRONMENT Bank’s range of inclusive financial services for social and environmental resilience and returns WEEK 2025 to indiv
Slide 34: Highlights of the study reports for improving ESG materiality
Highlights of the study reports for improving ESG materiality The Environmental Impact of Solar Panel Installation Paper reduction and related environmental impact through E Sign Through CSR Direct Community Intervention SAVED
Slide 35: Annexures
Annexures
Slide 36: Profit & Loss Statement – Q1 FY26
Profit & Loss Statement – Q1 FY26 Particulars (₹ Crs) Q1FY26 Q1FY25 Y-o-Y Q4FY25 Q-o-Q Interest Income 828.23 1,022.34 -19.0% 892.06 -7.2% Interest Expense 450.36 434.10 -55.0% 457.65 -1.6% Net Interest Income 377.87 588.24 -35.8% 434.41 -13.0% Other Income 195.14 115.40 69.1% 144.72 34.8% Net Total
Slide 37: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) FY25 FY24 FY23 FY22 Interest Income 3,862 3,818 2,854 1,940 Interest Expense 1,811 1,449 1,017 793 Net Interest Income 2,052 2,370 1,836 1,147 Other Income 467 442 288 208 Net Total Income 2,519 2,812 2,124 1,355 Employee Benefits Expense 660 363 278 232 D
Slide 38: Balance Sheet
Balance Sheet Particulars (₹ Crs) Jun-25 Mar-25 Mar-24 Mar-23 CAPITAL AND LIABILITIES Capital 515.43 515.43 514.78 449.47 Employee Stock Option Outstanding 4.74 4.04 5.68 5.88 Reserves and Surplus 1,348.36 1,429.58 1,971.33 1,259.66 Deposits 22,698.40 23,276.44 19,867.80 14,665.63 Borrowings 1,604.9
Slide 39: Awards & Recognitions
Awards & Recognitions 2020 2021 2022 2023 2024 2025 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 Solar Energy Initiative of the 2020’ for outs
Slide 40: Journey So Far
Journey So Far 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 of insurance products Most Sustainable Companie
Slide 41: ESAF Small Finance Bank Limited contact details
COMPANY : ESAF Small Finance Bank Limited Mr. Ranjith Raj P investor.relations@esafbank.com Email: investor.relations@esafbank.com www.esafbank.com Website: www.esafbank.com CIN : L65990KL2016PLC045669 INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets,
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