Slide 1: Investor Presentation Intimation Letter to Exchanges
rrl CAPITAL MCSL/SEC/26-27/53 May 08, 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001, Maharashtra Bandra Kurla Complex, Bandra (E), Scrip Code - 511766 Mumbai - 400 051, Maharashtra Scrip Code (Debentur
Slide 2: Q4 FY26 Investor Presentation
# PurposeMuthootBlue l . To transform the life of the common CAPITAL Q4 FY 26 INVESTOR PRESENTATION Il Blue is Belief
Slide 3: Muthoot Capital Services Limited
Muthoot Capital Services Limited muth CAPITAL Its equity shares are listed on Wt R den the Bombay Stock RESERVE BANK OF INDIA Exchange (BSE) and the National Stock Exchange of India (NSE). Muthoot Capital Services Ltd., promoted by the Muthoot Pappachan Group, is a Non-Banking Finance Company (NBFC)
Slide 4: MCSL Products
MCSL Products Retail Loans ' Two-Wheeler loans ‘ CV loans Used Car loans Loyalty loans Other products ' Fixed Deposit ‘ Corporate loans Classification: Confidential [
Slide 5: Year Journey
rrl 30 Year Journey rmuthoot CAPITAL 1994 Started Operations 500cr 1995 2008 2014 2016 Listed on BSE Entered the Two-Wheeler AUM crosses AUM crosses 1000cr financing segment 500cr 2022 2019 2019 2018 Rated CRISIL A+ AUM crosses Golden Peacock Award MCSL ranks 2000cr for Corporate Ethics among Top 50
Slide 6: Financial Results Q4 FY26
GNPA* 6.41% (POS) 6.96% (With Accrued) AUM NNPA* (Inc Managed . 3.50 $ (POS) 3,%#&1Cr 4.12 % (With Accrued) BLUE WH EEL Disbursemen Q4- 569Cr FINANCIAL RESULTS Q4 FY 26 FY 26-2349Cr DEBT EQUITY RATIO 4.94 x *GNPA % and NNPA Including managed book is 5.58% Classification: Confidential G - -
Slide 7: Q4 FY26 Key Metrics
el rmuthoot CAPITAL Shareholders Q4 FY 26:X 3,350 Cr Fund 670.42 Cr Balance sheet Size Q4 FY 26: X 4,056 Cr - Borrowing No of Live New Cost Loans Customers Q4 26 : 9.63% 6,04,337 Q4 : 54,080 Disbursement in CRISIL Rating Q4 26 : X569 Cr Rated “A+” Positive FY 26 :X2,349 Cr Classification: Confidenti
Slide 8: MCSL and Co Lending Portfolio
MCSL and Co Lending Portfolio rmut 4 CAPITAL MCSL Portfolio Co Lending mm-552 7§8.36 _13_ 2,7 0 9 . 8 0 " y 2,492. 86 2,1 1 8 . 12 , 8. 3I .... .. I 5 5 Sep-2 5 Dec-2 — Mar-2 5 Jun-2 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Irl Classifigation: Confidential
Slide 9: Retail Disbursement Trend and TW Blended Rate
Retail Disbursement Trend and TW Blended Rate rrl rmutho CAPITAL 20.88% 20.13% 215108 20.60% 19.18% 17 015 JOREE 18.51% 18.89% 19.23% % 17.02% . —e —— = 177.51 279.94 453.89 345.02 497.91 632.50 845.68 644.99 618.50 528.04 625.86 569.14 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q288215 Q3 25 Q4 25 Q1 26 Q2 26 Q
Slide 10: Product wise Portfolio
Product wise Portfolio . Z.In Crores rmuth t CAPITAL e 2,806.95 orp Loan & Others I B85 e 4w Iss.u 3w I 20.93 LL& PL I 28.28 Irl rmuthioot Classification: Confidential
Slide 11: Product wise Disbursements
Product wise Disbursements el .In Crores rmuthoot CAPITAL W 583.28 526.91 [F e Corp Loan & Others I 10.00 [Fomme — N aw ] 19.30 30 == = 1L PL | 11.63 I 1265 | Eag.. == cvsce || 30.77 B 5857 . Classification: Confidential
Slide 12: Product wise Disbursements Y-o-Y
Product wise Disbursements Y-o-Y rrl rmuthoot CAPITAL FY 25 & FY 26 1'615.05,660.62 802.42 304.36 213.47 31.35 N 77.75 106.71 64.39 21.00 7.20 — sl MCSL TW CL TW LL& PL 3w aw cv Corp Loans and mFY-25 Others Product FY-25 FY-26 YoY MCSL TW 1,615.00 [1,660.62 3% CL TW 802.42 304.36 -62% e LLs PL 30.19
Slide 13: Credit Ratings
Credit Ratings rmut 4 CAPITAL iy \ CRISIL Rating @. Bank Lines \ | A+/ Positive . ;, \ CRISIL Rating ‘ ICRA Rating ‘\ Fixed Deposits qsb %5';::::35 ‘ criSil acompany of S&P Global Principal Protected Market Linked Debenture Onzn \ \\_/\—__/ Al+ ESG Impact Rating Irl Classification: Confidential
Slide 14: Disbursements, AUM, Net Worth Trends
rrl rmutho CAPITAL Disbursements (in Z Cr) Average LTV g 618.58 625.86 e ey 569.14 5 % 80.38% SO 79.50% I l l '] 04 25 01 26 Q2 26 03 26 04 26 TP g s " o AUM (inZ Cr) Net Worth (in X Cr) 670.4 3,398.95 3,350.50 - 3,283.66 3,238.74 658.1 . 3,057.76 |III |||| i |||I nQ4 25 o1 26 02 26 03 26 4 26 04 25
Slide 15: Capital Adequacy, Loan Loss Provision, PAT, Debt Equity
rmut 4 CAPITAL Capital Adequacy Ratio (%) Loan Loss Provision & Write-Offs (in % Cr) 22.7% 26.7 22.5% 22.4% 16.6 16.7 Q4 25 11 Q1 26 Q2 26 Q3 26 Q4 26 I — I l ey B' —_— Q4 25 Q1 26 Q2 26 Q3 26 Q4 26 Profit after Tax (in % Cr) Debt Equity Ratio 8. 4.8 4.9 ° 4.6 4.6 559 o0 3.9 4.3 g . Q4 26 Q3 25 Q4 2
Slide 16: Analysis of Cost & Yield
rrl Analysis of Cost & Yield rmuthioot CAPITAL 25.00% Yield On Disbursements - 21.47% Q4 ER e : 21.02% 20.245 20.18% 200" 20.11% 20805 0 333 2°°8%% 20,613 0 595 20.328 20.42% 20.00% TWO-WHEELER 15.00% 13.01% 14.44% USED FOUR WHEELER 18.45% 13.70% 13.85% 13.50% - 13.61% 13 o5y 13.26% 13,103 13-47% 13
Slide 17: Disbursement Retail Loans FY25 & FY26
Disbursement Retail Loans FY 25 & FY 26 rrl mutlioot CAPITAL FY 25 FY 26 16.98 4.44 295.44 340.30 _ _— - = Co-lendi: - Yo¥ 1474.92 1692| mDeccan MGRDC HCo Lending mDealer mDeccan EMGRDC HCo Lending mDealer Classification: Confidential
Slide 18: Collections
Collections " -Q4. FYL 26 . rmuthoot ATGroTes CAPITAL Sources of Collections ’ (=] < ~N < - = S N B o ® 2 3 & ] < g ) Q - 2 2 3 - 23 R A - g 5~ A q . b g RoR 8 Q2 26 Q3 26 Q4 26 ENACH mMFL m Bank/Electronic Mode m Employee Collection W Agency Collection . -] Sources of Collections Q3 26 ) n 8 > =} =
Slide 19: Sources of Collections FY-26
Sources of Collections FY-26 rrl rmuthoot CAPITAL 185.80 162.25 20.32 98.37 39% 38 ol° Q1 26 Q2 26 ENACH wmCash ENACH mCash 208.78 242.67 116.87 23.70 36 ol° 34% Q3 26 Q4 26 ENACH = Cash muthoot éda,,ssifigation: Confidentia’ NACH mCash
Slide 20: Portfolio Analysis
Portfolio Analysis . In Crores Portfolio Analysis a0k D Segment — wise Analysis 2,830.4 155703 232537 H = Four Three Commercial Loyality & Corp Loan Wheeler Wheeler Wheeler Vehicle Personal & Others Loan BMRegular mNPA mNPA mRegular Source - wise Analysis Bucket — wise Analysis 0.69% 6.96% 2,279.98
Slide 21: Stage Wise AUM and ECL Summary
rrl Stage Wise AUM and ECL Summary mutlioot CAPITAL . In Crores S Provision Net Asset Accrual Stage 1A A 2,959.52 42.26 3,001.78 11.64 2,990.14 Stage 1B B 0.98 0.02 1.00 0.49 0.51 Total Stage 1 C 2,960.50 42.28 3,002.78 12.13 2,990.65 Stage 2A D 114.23 1.40 115.63 8.18 107.45 Stage 2B E 17.55 0.48 1
Slide 22: Fraud Incident Write off
3 Write off rmuthoot CAPITAL Selection Asset classification Count of accounts Sequence 1 D3andnorecoveryin last quarter D3 4083 82507678 Sequence2 Fraudincident reported cases a7 3887318 D2 accounts, sourced in 2018 to 2020 calendar year Sequence 3 e i D2 1620 37093157 Total 5750 12,34,88,153 Partic
Slide 23: Expected Credit Loss (ECL) Vs IRACP
Expected Credit Loss (ECL) Vs IRACP rrl rmuthoot CAPITAL . In Crores Mar-2026 Excess Particulars AUM IRACP % Provision Provision / (Deficit) PerformingAssets S1 and S2 Hypothecation Loans 3,107.27 S1and S2 other loans 10.14 Non-Performing Assets S3 Hypothecation Loans 194.90 Accrued Interest on NPA
Slide 24: Partnerships
Partnerships rrl mutli o CAPITAL ~N 257.47 cx ewv.fin 170.50 wheels@ (43%) gl Cr (28%) / Cg__mlrg_ndin g X = r DECCAN FINANCE 45.25 "Th 122.66 CreditWise Your needs. Our priority. t Capital muth‘a‘fi Cr (7%) MANBA MANDS Cr (20%) CAPITAL . N * New disbursements under the co Lending arrangement with Wh
Slide 25: ARC & Investment in SRs
ARC & Investment in SRs rrl rmutho CAPITAL PHOENIX ARC (Sep PARAS ARC (Sep 2023) 2024) urr 41.73 Cr 23.72 Cr NAV SRs NAV SRs 37.21 32.50 33.73 057 29.29 4 I : 28.93 26.78 I I 25.62 23.72 Q4 25 Q1 26 Q2 26 Q3 26 04 26 04 25 o1 26 Q2 26 Q3 26 04 26 Blue is Belief
Slide 26: Bank Sanctions in FY 25-26 vs FY 24-25
rrl Bank Sanctions in FY 25-26 vs FY 24-25 Z.In Crores muthio CAPITAL 3 Total Sanctions Received a Unutilized Portion ® From PSU Banks ‘ Bank Sanctions in FY 25-26 [ Bank Sanctions in FY 24-25 } SBI Z5 AU SFB Union Bank Union Bank KVB Utkarsh SBM Federal IDFC IDFC Axis Axis | (GuarantCo (GuarantcCo)
Slide 27: Shareholding Pattern
Shareholding Pattern rmuth CAPITAL Shareholding Pattern (As on 31st March 2026) B Promoters Corporates Public Foreign Port Folio Others
Slide 28: Banking Partners
Banking Partners m CAPITAL Shaus Indusind3y I A\B BARK - Ban Smart way to bank 'l . UTRARSH AL PHARCE AR @ Y 2 (D 1DB! 5| K Union Bank A xS BANK SBM bank e & O IDFC FIRST Ps CUB Ba"" sz 0 SBI DhanlaxmiBank , . FEDERAL BANK YOUR PERFECT BANKING PARTNER 14 Classification: Confidential
Slide 29: NBFCs & Marquee Partners
m NBFCs & Marquee Partners CAPITAL Morgan Stanley ‘\‘ w1nt Glfigfico *BARCLAYS SUNDARAM FINANCE FOR DEVELOMENT GUARANTEES Enduringvalues. New age thinking. NORTHERN . SHRI RAM FINANCE ;’_.—‘;AMBITFII'WGSf IEx ARC byl S CORPORATION PVT. LTD. Pragati ke partner vmmnu CHANGE @ F 6 5= equirus ¥ Yubi Proti
Slide 30: Sources of Borrowing
Sources of Borrowing rrl rmutho CAPITAL Borrowings Borrowings as on 3 31st March 2026 Short Term ¥ 50 Cr ¥ 3420.68 Short Term All in Cost Funding ¥ 752.68 Cr Concentration TL/WCDL/CC - 34% All in Cost NCD/MLD - 36% Total 9.75% CP - 5% T 3420.68 Cr PTC/DA - 22% 7 = All in Cost —Public Deposit | 10.30
Slide 31: Changes in Borrowing Rates Q3-26 V/S Q4-26
Changes in Borrowing Rates Q3-26 V/S Q4-26 rrl mutlioot CAPITAL Changes in Interest on WCDL Before Changes . 9.87% . 9.74 %o ( oS anges 1n P Lending) L9.53 % | L 9.72% | r‘ o.19%f| Pl w028 | 9778 | o0.353g| Classification: Confidential
Slide 32: Borrowing Profile
Borrowing Profile . In Crores NCD & MID e 10.02% L 9.80% gy - 9.73% Banks & FI B 9.81% . 9.66% . 9.44% pTC - 10.34% Ty 9.53% smaglt 9.72% Public Deposit - 8.17% o 8.53% Lo 8.64% ol 225.00 173.90 Sl Sub Debt__—gm 1.43 26.20 Mar - 25 26 Banks & FI Banks & 43% FI 34% NCD & MLD PTC & DA 34% 143 TC & DA
Slide 33: Public Deposits
PUBLIC DEPOSITS . In Crores Balance as on fenuze 31.03.2026 1 Q4 FY 25-26 Q4 FY 25-26 droeme L3y 211 New Deposits Deposits 2 Year Collection Renewed 16.37 ¥ 16.21 Crs ¥ 1.77 Crs 3 Year 32.90 4 = 3.82 Deposits Growth! 5 gear Y-o-Y UBLIC DEPOSIT PORTFOLIO - MARCH 2026 13. Q3 FY 25-26 FY 24-25 New Depo
Slide 34: Liquidity Coverage Ratio
Liquidity Coverage Ratio mutlioot CAPITAL 129.00% 125.00% 5050 117.00% 112.88% 110.35% 108.06% 105.85% 109.00% 107.00% 105.41% 105.97% 107.97% Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 mmmm Without FD e==RBI Limit Irl rmuthioot Classifigation: Confide
Slide 35: Investments
rrl Investments rmutlioot CAPITAL Investments Value O/s Yield % YIELD % SLR Investement 6.84% 10.43 PTC Investments 9.73 11.00% Fixed Deposit | SLR Deposit 2.11 7.28% Collateral Deposit ] Collateral Deposit with Bank 68.16 6.96% Fixed Deposit with Bank 88.11 6.60% SLR Deposit | PTC Investments B SLR
Slide 36: Borrowing Profile (Fund Raised) Q3-26 V/S Q4-26
Borrowing Profile (Fund Raised) Q3-26 V/S Q4-26 Q3 FY 25 04 FY 25 =12 Term Loan & CcC Green Bond Q3 FY 26 (Axis - ¥ 175.10 Cr 8.82 % GuarantCo) —r ¥ 150 Cr 04 FY 26 Total 9.17% Borrowing Total s Borrowings T 463.35 ¥ 586.12 Cr Cr ‘ Q3 FY 26 PTC / DA 10.09% ¥ 359.91 XN Cr Deposits Deposits z P Co®Dld
Slide 37: Don't Just Soch, Karo Blue Soch
Irl Il rmuthoot CAPITAL DON’'T JUST SOCH KARO BLUE SOCH ''''''