Fedbank Financial Services Ltd. · NSE:FEDFINA
Fedbank Financial Services — Q1 FY2026 Earnings Presentation
40 slides from Fedbank Financial Services's earnings presentation, July 2025
Slide 1: Fedbank Financial Services Investor Presentation Q1 FY26
FEDBANK FINANCIAL SERVICES INVESTOR PRESENTATION Q1 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 Who we are Our Franchise Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 4: Executive Summary : Q1 FY26
Executive Summary : Q1 FY26 Business AUM Growth: 19.0% YoY increase to ₹15,697 Cr De-recognition of Unsecured business loans: ₹770 Cr pursuant to a 100% direct assignment transaction Gold Loan AUM: 38.8% YoY growth to ₹6,332 Cr, contributing 40.3% to total AUM Mortgage AUM: 29.7% YoY growth
Slide 5: Q1FY26 Result Summary
Q1FY26 Result Summary YoY QoQ ₹ 15,697 Cr ₹ 5,933 Cr ₹ 75.0 Cr ₹ 2,634 Cr 70.6 AUM Disbursements Profit After Tax Shareholder’s Funds Book Value/Sh. 19.0% -0.7% 18.6% 6.4% 6.8 % 4.7% 13.4 % 3.4 % 12.7% 3.3% 96.1% ₹ 10,237 Cr 22.4% 668 4,797 Secured AUM Borrowings1 CRAR Branches Employees 1023 bps 65
Slide 6: Who we are
Who we are Our Franchise Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 7: 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.” Target Segment: Catering to MSMEs with tailored loan solutions. Geographical Presence: Wider footprint across 18 states
Slide 8: 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 9: Management Team
Management Team C.V. Ganesh Siddharth K Parvez Mulla Vikram Rathi Chief Financial Chief Operating MD & CEO Chief Risk Officer Officer Officer K Sureshkumar Jagadeesh Rao Anila Rajneesh Shardul Kadam CBO – Mortgage CBO - Gold Loan & Chief Human CBO – Mortgage (Medium Ticket) & Chief Marketing Resourc
Slide 10: Shareholding Pattern
Shareholding Pattern Shareholding : 30th June 2025 Top Institutional Shareholders :30th June 2025 Investor Details % Holding Others 18.1% Federal Bank Ltd 61.0 True North Fund VI LLP 8.7 FII 0.8% Nuvama Private Investment 2.8 MFs 2.1% SBI Life Insurance 2.4 Insurance Cos 3.7% Unifi Capital (Blend II
Slide 11: Our Growth Journey
Our Growth Journey FY23 Onwards.. • AUM: ₹157 bn (Q1FY26) • Branches: 668 (Q1FY26) • Employees: 4,797 (Q1FY26) FY20 – FY22 • AUM: ₹62 bn (FY22) Initial Public • Branches: 516 (FY22) Offering of ₹10.9 158 157 FY16 – FY19 • Employees: 2,855 (FY22) Bn Long-term credit rating • AUM: ₹20 bn (FY19) 122 as
Slide 12: 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 13: Market
Market Household credit to GDP ratio (%)1 Retail credit growth to continue 2 77.5 77 70.7 69 62.1 60 42.9 50 34.3 35.7 41 31 FY18 FY20 FY22 FY23E FY24P FY25P 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
Slide 14: Our Product Suite
Our Product Suite Secured Against Collateral Category Mortgage Loans Gold Loans Business Loans AUM 8,539 6,332 618 (₹Cr) (54.4%) (40.3%) (3.9%) (% of total) Avg. Ticket Size 28.8 1.9 (₹ Lakh) Disbursement (₹Cr) 649 5,284 & (Oigination Yield) (13.5%) (19.3^%) Disbursement Discontinued Average Origina
Slide 15: Our Product Suite: Mortgage Loans
Our Product Suite Mortgage Loans Category Small Ticket LAP and HL Medium Ticket LAP AUM 3,727 4,813 (₹Cr) (23.7%) (30.7%) (% of total) Avg. Ticket Size 13.1 61.5 (₹ Lakh) Disbursement (₹Cr) 200 449 & (Origination (16.1%) (12.3%) Yield) Average Origination 50.7% 52.9% LTV Underwriting Assessed Income
Slide 16: Our Customers
Our Customers Category Small Ticket LAP Medium Ticket LAP Business Loan Gold Loan Customer Retail Trading of Snacks and Trading and Installation of Food and Tea Stall Tailoring Business Savories Industrial Electrical Products Expand his product offering and Refurbish a few existing outlets Purchase
Slide 17: Our Footprints
Our Footprints Comprehensive Branch Network Branch & AUM Mix 18 135 23% 668 Branches States Branch 288 AUM 44% and UTs 10 1 Mix Mix 3 25 41 245 33% 30 25 94 South West North South West North 21 Branch Expansion 1 0 124 Gold Loan Co-Located MSME Hubs 46 694 668 More than 70 branches 575 621 5 516 210
Slide 18: Our Franchise
Who we are Our Franchise Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 19: Disbursements & AUM
Disbursements & AUM ₹ Cr Gold Loan Non- Gold Loan CAGR: 33.8% Disbursements 18,788 5,933 5,578 4,186 5,005 649 13,579 4,395 998 10,748 1,034 3,810 4,202 954 7,470 3,312 1,200 5,893 14,602 5,284 4,379 1,955 4,580 760 3,971 3,441 9,377 2,610 1,732 7,436 5,133 5,515 2,647 FY20 FY21 FY22 FY23 FY24 FY25
Slide 20: Disbursements
Disbursements ₹ Cr Small Ticket LAP & HL Medium Ticket LAP Business Loan 1,475 2,303 1,367 1,102 1,119 1,004 1,359 878 765 1,091 671 370 597 518 328 287 210 246 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 333 725 359 270 611 296 562 230
Slide 21: Gold Loan : Key Metrics
Gold Loan : Key Metrics AUM Per Branch (₹Cr) Gold Tonnage 11.3 11.2 13.0 12.1 10.5 10.7 10.7 10.7 10.7 10.2 Q1 FY25 Q2 FY25 Q3 FY25 Q4FY25 Q1FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4FY25 Q1FY26 Active Customer Base (# Lakh) LTV : AUM 2.5 2.5 2.6 2.6 67.6% 69.5% 69.5% 65.7% 2.4 63.7% Q1 FY25 Q2 FY25 Q3 FY25 Q4
Slide 22: Geographical AUM Mix
Geographical AUM Mix Mortgage Loan Gold Loan 5% 6% 3% 9% 9% 14% 13% 17% 17% 19% 19% 19% 24% 24% 20% 28% 27% 29% 28% 29% 32% 30% 38% 25% 24% 43% 44% 43% 77% 67% 66% 63% 62% 56% 55% 52% 50% 49% 45% 40% 37% 37% FY20 FY21 FY22 FY23 FY24 FY25 Q1 FY26 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY26 South West North
Slide 23: Yields, CoB and Spreads
Yields, CoB and Spreads Spreads Yields Cost of Borrowings Spreads Yields Cost of Borrowings One time impact of Business Loan derecognition of 40 bps 17.4% 17.4% 17.3% 17.1% 16.8% 15.8% 16.2% 16.2% 15.5% 15.6% 14.5% 9.2% 9.3% 9.0% 9.0% 8.8% 8.6% 8.5% 8.4% 8.3% 7.4% 7.8% 8.2% 8.0% 8.1% 8.1% 8.3% 8.1%
Slide 24: Off-book
Off-book ₹ Cr AUM AUF Off Book % Product Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Mortgage 6,583 8,062 8,539 5,046 5,654 5,995 23.3% 29.9% 29.8% Gold Loan 4,562 5,880 6,332 3,932 4,750 5,184 13.8% 19.2% 18.1% Business Loan 1,869 1,656 618 1,311 1,216 270* 29.9% 26.6% 5
Slide 25: Quality of the Book
Quality of the Book ~77% AUM from customers with CIBIL >7001 Medium Ticket LAP Small Ticket LAP & HL Business Loan 3% 0% 4% 9% 4% 12% 8% 17% 66% 82% 96% >700 650-700 <650 0/-1 >700 650-700 <650 0/-1 >700 <=700 0/-1 Granular loan book with high quality collateral 96.1% 82.3% ₹ 28.8 Lakh AUM secured c
Slide 26: Portfolio Quality Indicators (1/2)
Portfolio Quality Indicators (1/2) Gross Stage III Net Stage III PCR – Stage III 40.0% 38.3% 2.0% 2.0% 2.0% 1.6% 1.2% 1.2% 19.3% Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 1+ DPD 7.5% 30+ DPD 4.8% without ECL Provisions without Business Business Loan 8.0% 8.0% Loan 5.1%
Slide 27: Portfolio Quality Indicators (2/2)
Portfolio Quality Indicators (2/2) ₹ Cr Q1FY26 Gross Stage III % Net Stage III % Particulars Gross Stage Net AUF PCR (%) Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 III Stage III Mortgage 5,995 204.0 111.2 45.5% 3.0% 3.4% 3.4% 2.4% 1.9% 1.9% Gold Loan 5,184 16.0 12.4 22.3% 0.8% 0.4% 0.3% 0.7% 0.3% 0.2
Slide 28: Expected Credit Loss
Expected Credit Loss ₹ Cr Particulars Q1 FY25 Q4 FY25 Q1 FY26 FY 25 Gross Stage 1 Assets 9,798 11,107 10,985 11,107 % of total loan assets 93.6% 93.8% 94.0% 93.8% ECL provision 45.2 69.6 60.7 69.6 ECL provision % of assets 0.2% 0.3% 0.3% 0.3% Gross Stage 2 Assets 458 493 472 493 % of total loan asse
Slide 29: Funding Profile
Funding PortfolioProfile Quality Indicators Funding Profile ALM Position as on 30th June 2025 Daily Average Cost of (Cumulative) ₹ Cr 5% 1% Borrowing* 8.78% 8.73% 8.69% 8.72% 2,887 1,202 17% 8.56% < 3 months 1,685 4,094 < 6 months 1,377 14% 2,717 63% 9,110 < 1 year 4,711 4,399 Term Loans Direct Assi
Slide 30: Financial Performance
Who we are Our Franchise Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 31: Financials
Financials ₹ Cr Particulars Q1 FY25 Q4 FY25 Q1 FY26 QoQ YoY FY 25 Operational Information Branches (#) 619 694 668 -3.7% 7.9% 694 Disbursements 5,005 5,578 5,933 6.4% 18.6% 18,788 AUM 13,188 15,812 15,697 -0.7% 19.0% 15,812 Employees (#) 4,344 4,568 4,797 5.0% 10.4% 4,568 Financial Information Total
Slide 32: Balance Sheet
Balance Sheet ₹ Cr Balance Sheet Q1 FY25 Q4 FY25 Q1 FY26 QoQ YoY FY 25 Assets Cash & Cash Equivalents & Other bank Balance 539 835 830 835 Loans 10,361 11,646 11,504 11,646 Investments 734 404 485 404 Other Financial Assets & Receivables 125 107 143 107 Non-Financial Assets 230 258 295 258 Total Ass
Slide 33: Profit & Loss Statement
Profit & Loss Statement ₹ Cr Profit & Loss Statement Q1 FY25 Q4 FY25 Q1 FY26 QoQ YoY FY 25 Interest Income 430.5 495.5 491.6 1858.6 Interest Expenses 202.4 215.9 218.0 853.8 Net Interest Income (Core) 228.1 279.6 273.6 -2.1% 20.0% 1004.9 Net Gain on Direct Assignment 21.5 3.8 -5.5 65.9 Net Interest
Slide 34: RoA Tree
RoA Tree RoA Tree Q1 FY25 Q4 FY25 Q1 FY26 FY 25 Interest Income / Average total assets 14.9% 15.3% 14.8% 15.2% Interest Expenses / Average total assets 7.0% 6.7% 6.6% 7.0% Net Interest Income (Core) / Average total assets 7.9% 8.6% 8.3% 8.2% Net Gain on DA / Average total Assets 0.7% 0.1% -0.2% 0.5%
Slide 35: Technology, Digital, ESG & CSR
Who we are Our Franchise Our Business Financial Performance Technology, Digital, ESG & CSR
Slide 36: 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 37: Digital Landscape
Digital Landscape Fedfina Loans Fedfina Lite Fedfina Collect 10 Lakh+ Downloads 76% Digital Registration 65% Digital Payments Customer Acquisition & Employee Productivity Collection Management Servicing Well established digital presence 37
Slide 38: ESG
ESG ESG : Framework ESG : Purpose Create substantial and profound impact by actively promoting and nurturing a Key Performance Indicators sustainable culture within the workplace, fostering a sense of care and support ESG Policy for employees and undertake initiatives to develop sustainable communit
Slide 39: 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 40: Thank You
THANK YOU investor@fedfina.com www.fedfina.com
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