Slides
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Public Investor Presentation Quarter Ended June 2025 21-July-2025
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Public Table of Content 1 Key Performance Highlights Segment Update – Affrodable3 4 Segment Update – Emerging Markets Asset Quality6 8 Annexure 2 Business Update Financial Performance7 Segment Update – Prime5 Technology Update7
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Public Key Performance Highlights 3 Business Highlights • As on 30th Jun 2025, Retail Loan Asset grew by 18% YoY at INR 76,923 crore.Affordable and Emerging Markets segments forms 37% of the Retail Loan Asset • Retail Disbursement grew by 14% YoY to INR 4,980 crore; continued focus on high yielding Affordable and Emerging Markets segment led to 30% disbursement growth in these segments. Affordable Segment and Emerging Markets contributes 50% of the retail disbursement • Presence in 356 branches including 200 branches for Affordable and 80 branches for Emerging Markets Spread & Margins Asset quality & Profitability • Yield is 9.99% in Q1 FY26 as compared to 10.03% in Q4 FY25 • Cost of Borrowing is 7.76% in Q1 FY26 as compared to 7.84% in Q4 FY25 • Spread for Q1 FY26 is at 2.23% as compared to 2.19% in Q4 FY25. NIM for Q1 FY26 is at 3.74% as compared to 3.75% in Q4 FY25 • Recovered INR 57 crore from total written-off pool in Q1 FY26 • Gross NPA stood at 1.06% as on Q1 FY26 as compared to 1.08% in Q4 FY25 and 1.35% in Q1 FY25 • Return on Asset stood at 2.57% for Q1 FY26 (annualised); ROA stood at 2.55% for FY25 In Q1 FY26, 20 branches reclassified from Prime segment to Emerging Markets segment. Accordingly, past data is also re -casted for like-to-like comparison
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Public 76,923 (30-Jun-25) (18% YoY | 3% QoQ) • Affordable: 5,744 (143% YoY) • Emerging Markets: 22,701 (20% YoY) • Prime: 48.478 (10% YoY) 4,980 (Q1 FY26) (14% YoY | -27%% QoQ) • Affordable: 765 (30% YoY) • Emerging Markets: 1,736 (32% YoY) • Prime: 2,479 (1% YoY) Key Performance Highlights 4 Disbursement (INR Crore) Loan Asset (INR Crore) GNPA 1.07% (30-Jun-25) vs 1.09% (31-Mar-25) | 1.39% (30-Jun-24) INR 809 (30-Jun-25) (-56% YoY | -16% QoQ) NIL (Q1 FY26) Nil (30-Jun-25) vs Nil (31-Mar-25) | Nil % (30-Jun-24) INR 77,732 (30-Jun-25) (16% YoY | 3% QoQ) 4,980 (Q1 FY26) (13% YoY | -27% QoQ) 1.06% (30-Jun-25) vs 1.08% (31-Mar-25) | 1.35% (30-Jun-24) Retail Segment Corporate Segment Total As per IndAS
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Public 5 Loan Asset INR 82,100 Crore (+13% YoY | +2% QoQ ) AUM INR 77,732 Crore (+16% YoY | +3% QoQ ) INR 18,511 Crore Public 85% | ICD 15% Deposits Gearing Ratio 3.71x ( +9 bps YoY | +1 bps QoQ) Book Value Per Share INR 673 (INR 649 31-Mar-25) Capital Adequacy 29.68% ( +18 bps YoY | +30 bps QoQ) Tier I: 28.96% |Tier II: 0.72% ROA Spread 2.23% (Q1FY26) ( +12 bps YoY | +4 bps QoQ) Key Performance Highlights As per IndAS Data as on 30-Jun-25 NIM 3.74% (Q1FY26) ( +9 bps YoY | -1 bps QoQ) Net NPA 0.69% (30-Jun-25) vs 0.69% (31-Mar-25) | 0.92% (30-Jun-24) 2.57% (Q1FY26) ( +20 bps YoY | -19 bps QoQ)
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Public 6 Overall Business Update 6
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Public Loan Asset Mix 7 Segment Mix Retail Product Mix Retail Profile Mix(INR Crore) As per IndAS Affordable and Emerging Markets segment contributes 50% in Q1 FY25 of the Retail disbursement Live loan accounts serviced by the Company crossed 3,40,000 as on 30-Jun-25 Retail Product Mix Retail Profile Mix Average ticket size for Individual Housing loan and Retail Non- Housing at INR 29 lac and INR 26 lac respectively (as on 30-Jun-25) Loan AssetDisbursement 97.3% 98.7% 99.0% 2.7 1.3 1.0%2.7% 30-Jun-24 1.3% 31-Mar-25 30-Jun-25 Corporate Retail 72.2% 71.5% 71.3% 27.8% 28.5% 28.7% Non Housing Loan Individual Housing Loan 74.0% 66.8% 26.0% 33.2% Q1 FY25 Q1 FY26 64.1% 60.2% 35.9% 39.8% Q1 FY25 Q1 FY26 Self employed Salaried 61.2% 60.9% 60.9% 38.8% 39.1% 39.1% Self Employed Salaried 66.986 4,363 4,980 Non Housing Loan Individual Housing Loan 75,765 30-Jun-24 31-Mar-25 30-Jun-25 30-Jun-24 31-Mar-25 30-Jun-25 77,732
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Public 51%49% 303 356 Wide Distribution Network Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness. Loan Asset – Geographical Breakup Disbursement - Geographical Break-up 13,000+ Channel Partners for loans & deposits 53 30-Jun-24 30-Jun-25 Disbursement Channel Mix –Q1 FY26 Branches/outreaches Top 5 State share in the Retail Loan Asset (%) State 30-Jun-25 30-Jun-24 Maharashtra 21.0% 24.0% Tamil Nadu 12.1% 11.0% Delhi NCR 11.0% 11.5% Telengana 9.0% 9.5% Karnataka 8.7% 8.3% 8 35% 33% 33% 35% 32% 32% 30-Jun-24 30Jun-25 26% 26% 38% 37% 36% 37% 30-Jun-24 30-Jun-25 North South West Inhouse DSA OUR OFFICE NETWORK Expanded footprints in North-Eastern region through a branch in Guwahati
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Public 5.1% 6.9% 9.5% 9.7% 28.3% 28.5% 5.8% 4.6% 37.7% 35.6% 13.6% 14.7% 1 2 Well Diversified Borrowing Profile Borrowing Mix • ~66% of the total borrowings is floating • Average daily Liquidity Coverage Ratio maintained at 229% for Q1 FY26 • SLR at 15.5% as on 30-Jun-25 As per IND-AS 9 Cost of Borrowing Borrowings INR 62,310 Crore INR 64,844 Crore Rating AA+ (Outlook: Stable) 31-Mar-25 30-Jun-25 NHB Refinance Term Loans ECBs Deposits NCDs CPs Q1FY25 Q2 FY25 Q3 FY25 7.92% 7.75% 7.84% 7.82% Q4 FY25 Reported COB Incremental COB 7.83% 7.82% 7.84% 7.83% Q1 FY26 7.76% 7.44%
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Public Strategic Objectives 10 Strategic Objectives Grow Retail Loan Asset including high yielding Emerging Markets segment Retail Loan Asset Grow Affordable Loan Asset especially in Tier 2 and 3 Affordable Asset Leverage underwriting and collection efficiencies to have best-in class asset quality in the industry Asset Quality Maintain adequate capitalization and have a well diversified borrowing mix Borrowing Profile Improve RoA and RoE Profitability Bring operational efficiencies and improve productivities through digitization Digital Drive Continue to build high quality, scalable and institutionalized housing finance company Corporate Governance
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Public Retail Business Focus Areas 11 LOAN Asset (INR crore) Q1FY26 Q4FY25 Q1FY25 Change (YoY) Affordable 5,744 5,070 2,361 143% Emerging Markets 22,701 22,252 18,895 20% Prime 48,478 47,480 43,901 10% Total 76,923 74,802 65,157 18% Disbursement (INR crore) Q1FY26 Q4FY25 Q1FY25 Affordable 765 1,291 586 30% Emerging Markets 1,736 2,252 1,318 32% Prime 2,479 3,311 2,459 1% Total 4,980 6,854 4,363 14% Incremental Yield Q1FY26 Q4FY25 Q1FY25 Affordable 12.1% 11.7% 11.6% +52 bps Emerging Markets 9.6% 9.7% 9.4% +11 bps Prime 9.3% 9.4% 9.2% +1 bps No of Branches Q1FY26 Q4FY25 Q1FY25 Affordable 200 200 160 +40 Emerging Markets 80 60 50 +30 Prime 76 96 93 -17 • Retail Segment classified as Affordable, Emerging Markets and Prime • Focus on Affordable and Emerging Markets Segment led to higher growth in Retail Loan Asset • Focused approach in Emerging Markets segment continues to give 35-40 bps higher incremental yield as compared to Prime segment • Affordable and Emerging Markets segment contributed 26% of Retail Loan Asset • Branch expansion focused on high yielding Affordable and Emerging Markets segments Note: In Q1 FY26, 20 branches reclassified from Prime segment to Emerging Markets segment
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Public 12 Segment Update – Affordable 12
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Public Roshni Business: Key Milestones Distribution Network 2,200+ Sarathis (Connectors) 600+ Channel Partners 1,200+ Processing Partners Started with INR 5 Crore disbursements Reached disbursement run-rate of INR 100 Crore / month Loan Asset at INR 1,000 Crore Expanded presence to 100 branches across India Total footprint of 160 locations; Loan Asset at INR 1,790 crore Loan Asset crossed INR 5,000 Crore Jun-25Mar-25Mar-24Dec-23Nov-23Jul-23Jan-23 Loan Asset at INR 2,000 Crore May-24 89 100 160 200 Branch Expansion Journey Sep-23 Dec-23 Mar-24 Jun-25 1 Lac+ Applications 41K+ Happy Customers 22% Women Financial applicants Customers 200 Branches 49 Clusters 15 States Loan Asset at INR 5,744 Crore
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Public Affordable Segment Distribution Strategy 14 Loan Asset Geographical BreakupGeographic Presence Disbursement Channel Mix – Q1 FY26 State # Branches % of Loan Asset 30-Jun-25 30-Jun-24 Tamil Nadu 28 16.8% 17.8% Uttar Pradesh 28 16.2% 16.5% Maharashtra 24 14.1% 16.1% Madhya Pradesh 21 14.1% 15.3% Rajasthan 28 13.2% 12.3% Derisking the Geographical presence; with branch expansions, top 5 states contribution reduced to 74% of Loan Asset as on 30-Jun-25 vs 78% a year ago 35% 30% 35% North South West 35.0% 65.0% In House DSA OUR ROSHNI OFFICE NETWORK Disbursement Geographical Breakup North South West 36% 33% 31%
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Public 160 160 161 200 200 1 2 3 4 5 Affordable Segment Update 15 Branches Loan Asset (INR crore) Disbursement (INR crore) Incremental Yield (%) 25.4% 24.8% 26.5% 24.5% 25.4% Loan Asset by Product (%) Loan Asset by Profile (%) 2,361 2,959 3,838 5,070 5,744 Q1FY25 Q2FY25 Q3FY25 11.6% 12.0% 12.1% 11.7% 12.1% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 27.6% 28.6% 71.4% Q1FY25 35.2% 64.8% Q2FY25 Q3FY25 586 630 62.7% 37.3% 920 Non Housing Loan Individual Housing Loan Q4FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Individual Housing LoanNon Housing Loan 70.6% 69.4% 70.8% 69.8% 66.1% 29.4% 30.6% 29.2% 30.2% 33.9% Q1FY25 Q2FY25 Q3FY25 Q4FY25 61.6% 60.8% 59.8% 59.4% 59.4% 38.4% 39.2% 40.2% 40.6% 40.6% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Self-employed Salaried Q4FY25 1,291 36.4% 63.6% Q1FY26 Q1 FY25 Q1FY26 36.4% Q1FY26 61.9% 38.1% 765
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Public 18.0% 22.4% 33.3% 16.3% 9.9% Upto 700 Affordable Segment Portfolio Matrix 16 Loan Asset by Profile – Formal/Informal Loan Asset by Credit history Loan Asset by Purpose SAL - Formal SAL - Informal SE - InformalSE - Formal Purchase/resale Plot + Construction Home Extension Self Construction Non-Housing Loan Upto 10 lacs 10 to 15 lacs 25 to 35 lacs 15 to 25 lacs > 35 lacs Loan Asset by Ticket Size NTC >700-750 >750 54.2% 5.3% 15.4% 25.1% ATS 16 Lacs 35.9% 13.2%16.1%0.9% 33.9% 11.8% 10.2% 30.7% 47.3%
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Public Affordable Segment Asset Quality 17 Bounce Rate DPD 30+ (%) 0.12% 0.42% 0.59% 0.59% 0.91% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 0.02% 0.06% 0.23% 0.21% 0.33% Q1 FY25 Q2 FY25 Q3 FY25 Q4FY25 Q1FY26 Gross NPA (%) • Early warning indicators remain within acceptable threshold • Robust Collections framework backed with legal support is in place • Bounce rates are stable and under control 9.7% 9.7% 10.4% 11.0% 11.1% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26
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Public 18 Segment Update – Emerging Markets 18
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Public 64.6% 64.8% 64.8% 64.4% 64.4% 35.4% 35.2% 35.2% 35.6% 35.6% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 71.5% 71.2% 70.9% 69.9% 69.5% 28.5% 28.8% 29.1% 30.1% 30.5% Q1FY25 Emerging Markets Segment Update 19 Branches Loan Asset (INR crore) Disbursement (INR crore) Incremental Yield (%) Loan Asset by Product (%) Loan Asset by Profile (%) 26.2% 28.6% 71.4% Q1FY25 31.1% 68.9% Q2FY25 Q3FY25 1,318 1,725 18,895 19,860 20,786 22,252 22,701 Q1FY25 Q2FY25 Q3FY25 Q2FY25 Q3FY25 Non Housing Loan Individual Housing Loan 50 50 50 60 60 20 20 20 20 20 Q1FY25 Q2FY25 Q3FY25 9.43% 9.62% 9.67% 9.65% 9.61% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Non Housing Loan Individual Housing Loan 32.6% 1,718 Q4FY25 Q1FY26 67.4% Q4 FY25 Self-employed Salaried Q4FY25 63.2% 2,252 36.8% Q1 FY26 Q1 FY26 64.8% 35.2%1,736 Q1 FY26 35.2% Q4FY25 Note: In Q1 FY26, 20 branches reclassified from Prime segment to Emerging Markets segment Existing branches 70 70 70 80 80 Reclassified to Emerging Markets
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Public 20 Segment Update – Prime 20
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Public 20 20 20 20 20 1 2 3 4 5 Prime Segment Update 21 Branches Loan Asset (INR crore) Disbursement (INR crore) Incremental Yield (%) 25.4% 24.8% 26.5% 24.5% 25.4% Loan Asset by Product (%) Loan Asset by Profile (%) 59.8% 60.2% 60.4% 60.4% 60.6% 40.2% 39.8% 39.6% 39.6% 39.4% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 23.7% 76.3% 25.1% 74.9% 2,459 2,987 73.5% Non Housing Loan Individual Housing Loan 43,901 45,155 46,051 47,481 48,477 Q1FY25 Q2FY25 Q3FY25 72.6% 72.9% 73.0% 72.7% 72.8% 27.4% 27.1% 27.0% 27.3% 27.2% Non Housing Loan Individual Housing Loan 9.24% 9.33% 9.37% 9.35% 9.26% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1 FY26 26.5% 2,742 Q4 FY25 Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Q1FY25 Q2FY25 Q3FY25 Q4 FY25 Self-employed Salaried 70.2% 29.8% 3,311 Q1 FY26 Q1 FY26 Q1 FY26 Q1 FY26 2,479 70.0% 30.0% Note: In Q1 FY26, 20 branches reclassified from Prime segment to Emerging Markets segment Reclassified to Emerging Markets Existing branches 73 73 74 76 76
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Public 22 Asset Quality 22
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Public Early mortality; controlled delinquency in business booked in last 12 and 24 months: 12 months Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 30+ 0.10% 0.11% 0.13% 0.16% 90+ 0.02% 0.03% 0.03% 0.03% 24 months Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 30+ 0.43% 0.53% 0.48% 0.56% 90+ 0.09% 0.13% 0.14% 0.17% Business rule rengine Successfully deployed in Roshni business being processed in Salesforce Dot Com(SFDC) Machine learning leading to economies of scale; ~23% of eligible salaried cases were STP in Q1 FY26. Retail Portfolio Highlights 23 Focussed approach Consistent focus on mid and low-ticket loans; ~96% of fresh sanction volume on boarded has ticket size of upto INR 1 cr. Sustainable growth Total of 43,906 logins were booked in Q1 FY26 as against 50,288 logins in Q4 FY25 Automation Controlled Delinquency Stable Credit Quality Quarter on quarter improvement in sourcing quality; 85% of the loans booked in Q1 FY26 had bureau score of more than 700 Balance portfolio Maintained a balance portfolio with Individual Housing Loan at 71% and salaried customer at 61% of the retail portfolio
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Public Retail Collections Update 24 Write off RecoveryCollection Efficiency Dedicated team is handling the written off cases with the help of legal to get maximum recovery through settlement Dedicated team to focus on bucket X, pre-NPA and NPA resolutions Properties Sold Dedicated team to focus on Disposal of repossessed properties 99.1% 99.9% 99.5% 99.8% 99.2% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 28 55 46 49 40 Q1 FY25 Q2 FY25 Q3FY25 Q4FY25 Q1FY26 93 123 147 174 98 Q1 FY25 Q2 FY25 Q3FY25 Q4FY25 Q1FY26
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Public Asset Quality NPA as a % of Loan Asset As per IND-AS Consolidated Numbers GNPA (INR Crore) GNPA & NNPA (%) Credit Cost 25 -0.4 -0.2 0.0 0.2 0.4 Q1FY25 -0.07% Q2FY25 -0.24% Q3FY25 Q4FY25 OverallRetail -0.19% 1.35% 1.24% 1.19% 1.08% 1.06% 0.92% 0.84% 0.80% 0.69% 0.69% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Gross NPA (%) NNPA (%) 1.39% 1.27% 1.21% 1.09% 1.07% 0.94% 0.86% 0.81% 0.70% 0.70% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Gross NPA (%) NNPA (%) 906 865 857 816 825 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 906 865 857 816 825 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 -0.32% Q1FY26 Corporate GNPA Nil since last one year -0.27%
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Public Expected Credit Loss (ECL) Provisions As per IndAS *With SICR Consolidated basis Particulars (INR Crore) 30-Jun-25 31-Mar-25 30-Jun-24 Gross Stage 1* 75,045 73,132 63,996 Gross Stage 1 as % to Loan Asset 96.54% 96.52% 95.54% ECL Provision Stage 1 441 537 481 ECL Provision % Stage 1 0.59% 0.73% 0.75% Gross Stage 2* 1,863 1,817 2,084 Gross Stage 2 as % to Loan Asset 2.40% 2.40% 3.11% ECL Provision Stage 2 306 287 404 ECL Provision % Stage 2 16.43% 15.82% 19.40% Gross Stage 3 825 816 906 Gross Stage 3 as % to Loan Asset 1.06% 1.08% 1.35% ECL Provision Stage 3 292 294 294 ECL Provision % Stage 3 35.36% 36.08% 32.45% Total Loan Asset 77,732 75,765 66,986 ECL Provision 1,039 1,119 1,179 Total ECL Provision / Total Loan Asset (%) 1.34% 1.48% 1.76% 26
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Public 27 Technology Update 27
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Public Technology Vision and Foundations 28 Tech Vision To be a large Digital player in the HFC ecosystem collaborating and partnering with fintech, banks, market aggregators etc., leveraging synergy & scale through platforms, offering personalised products and ease of services promoting high levels of adoption. Frictionless Customer Experience End to End Sales Enablement Underwriting at Scale Data Driven Enterprise Tech Innovation & Performance at Scale Strategic Pillars IT 2.0: Embracing disruptive digital, data power and changing customer preferences Tech foundations for enabling all strategic pillars Strengthening Core Tech Foundations Embracing Cloud Implementing & leveraging Cloud workloads (SaaS, PaaS and IaaS) API Journey Vast APIfication of micro capabilities and services for seamless digital integrations Robust security and resilience Hybrid IT Setup Balancing cost, scale and performance considerations 24x7 Monitoring AI/ML based security monitoring & events correlation Backup & DR capabilities Building resiliency for business continuity Zero Trust Security Access controls across touchpoints & users Enabling Tech for Tech DevSecOps Engineering capabilities scaled with integrated DevSecOps toolset driven pipeline IT Service Management Integrated IT service management and automation across application landscape RPA driven Automation Leveraging RPA for routine tasks and test automation
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Public 29 Financial Performance 29
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Public Financial Ratio Analysis – Quarter on Quarter 7.92% 7.84% Average Cost of BorrowingAverage Yield Spread Ratios are calculated on Monthly Average Net Interest Margin 3.65% 3.68% Q1FY25 Q2FY25 Q3FY25 Q4FY25 10.03% 10.05% 30 2.11% 7.83% 2.21% 3.70% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 10.12% 2.29% 10.03% 7.84% Q1FY25 Q2FY25 Q3FY25 Q4FY25 2.19% 3.75% Q1FY26 Q1FY26 Q1FY26 Q1FY26 9.99% 7.76% 2.23% 3.74%
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Public Financial Ratio Analysis Average Cost of BorrowingsAverage Yield Spread FY23 FY24 FY25 10.28% 10.35% Ratios are calculated on Monthly Average Gross Interest Margin is net of acquisition cost Opex to ATA includes CSR & Esop cost Gross Interest Margin FY23 FY24 FY25 Q1FY26 7.47% 8.01% FY23 FY24 FY25 Q1FY26 2.81% 2.34% FY23 FY24 FY25 Q1FY26 4.06% 4.02% FY23 FY24 FY25 Q1FY26 1.61% 2.20% Return on Asset Return on Equity FY23 FY24 FY25 Q1FY26 9.98% 10.90% FY23 FY24 FY25 Q1FY26 0.81% 0.93% Opex to ATA Ratio Net Interest Margin FY23 FY24 FY25 Q1FY26 3.73% 3.74% 31 10.05% 7.86% 2.19% 3.70% 4.11% 1.05% 2.55% 12.19% Q1FY26 9.99% 7.76% 2.23% 3.74% 4.06% 1.02% 2.57% 12.39%
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Public Consolidated Profit & Loss Statement 32 Particulars (INR Crore) Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ FY25 FY24 FY23 Interest Income 1,980 1,739 14% 1,906 4% 7,274 6,742 6,199 Add: Net gain on fair value changes 14 9 59% 6 118% 27 35 34 Add: Income on derecognized (assigned) loans - - - - - - - 11 Less: Finance Cost 1,234 1,097 13% 1,178 5% 4,551 4,261 3,899 Net Interest Income 760 651 17% 734 4% 2,750 2,516 2,346 Net Fees and other Income 87 84 4% 124 -30% 391 280 286 Gross Income 847 735 15% 859 -1% 3,140 2,796 2,631 Operating Expenses Less: Employee Benefit Expenses 118 109 8% 105 12% 421 337 266 Less: Fee & Commission Expenses 3 3 15% 5 -24% 14 12 12 Less: Net loss on fair value changes - - - - - - - - Less: Other Expenses 80 67 18% 88 -10% 322 270 202 Less: Impairment on assets held for sale - - - - - - - 48 Less: Depreciation and Amortisation 15 13 10% 14 3% 56 51 51 Operating Profit 632 542 17% 646 -2% 2,327 2,125 2,052 Less: Impairment on financial instruments & Write-offs (Expected Credit Loss) -56 -12 370% -65 -13% -159 171 691 Profit Before Tax 688 554 24% 711 -3% 2,486 1,954 1,361 Less: Tax Expense 154 121 27% 161 -4% 550 446 315 Net Profit after Tax 534 433 23% 550 -3% 1,936 1,508 1,046 Add: Other Comprehensive Income 87 -17 - -42 - -70 -16 77 Total Comprehensive Income 620 416 49% 509 22% 1,866 1,492 1,123 EPS (Basic) 20.5 16.7 21.2 74.5 58 53
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Public Consolidated Balance Sheet Particulars (INR Crore) 31-Mar-25 31-Mar-24 31-Mar-23 LIABILITIES 1 Financial Liabilities (a) Derivative financial instruments 50 - - (b) Debt Securities 8,573 7,852 3,994 (c) Borrowings (Other than Debt Securities) 35,555 28,667 31,175 (d) Deposits 17,642 17,758 17,214 (e) Subordinated Liabilities 540 739 1,238 (f) Other financial liabilities 3,042 2,200 1,993 Sub Total - Financial Liabilities 65,401 57,216 55,615 2 Non-Financial Liabilities (a) Current Tax Liabilities - - (b) Provisions 22 20 18 (c) Other non-financial liabilities 234 194 227 Sub Total - Non-Financial Liabilities 256 214 245 3 EQUITY (a) Equity Share capital 260 260 169 (b) Other Equity 16,603 14,715 10,845 Sub Total – Equity 16,863 14,974 11,014 TOTAL – EQUITY & LIABILITIES 82,520 72,405 66,874 Particulars (INR Crore) 31-Mar-25 31-Mar-24 31-Mar-23 ASSETS 1 Financial Assets (a) Cash and cash equivalents 2,160 2,142 3,678 (b) Loans 74,645 64,108 57,840 (c) Investments 3,381 4,346 3,196 (d) Other Financial Assets 1,836 1,221 1,546 Sub Total - Financial Assets 82,023 71,818 66,260 2 Non - Financial Assets (a) Tax Assets (Net) 179 313 410 (b) Property, Plant and Equipment 82 67 66 (c) Right of use assets 133 123 66 (d) Other Intangible assets 24 17 14 (e) Other non-financial assets 80 68 58 (f) Assets held for sale - - - Sub Total - Non - Financial Assets 497 587 614 TOTAL - ASSETS 82,520 72,405 66,874 33
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Public Key Takeaways 34 Continued focus on Retail Segment incl. high yielding Emerging Markets business Pan India presence through 356 locations (incl. Emerging Markets & Affordable segment) Focus on Retail Loan Growth including Emerging Markets Segment Expanded presence to 200 locations to support growth Scale-up in the Affordable segment; Build Loan Asset of INR 5,744 crore as on 30-Jun- 25 Grow Affordable Segment Multiple sources of funding to help in reducing Cost of Borrowing Focus on NHB, ECB and Debt Capital Market for further borrowing Liability Mix Augmented Collections efforts led to improvement in Gross and Net NPA to 1.06% and 0.69% respectively Corporate NPA stands Nil as on 30-Jun-25 Asset Quality Improvement in Return on Asset to 2.57% in Q1FY26 (annualized) Enhance Profitability & Return Ratios Recovered ~INR 40 crore from retail written- off pool and ~INR 17 crore from corporate written off pool in Q1 FY26 Recovery from written-off Pool
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Public Annexure
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Public Shareholding Pattern 36 Top 10 Shareholders • Promoter (PNB) • GIC Singapore • Nippon Mutual Fund • Birla Sun Life Mutual Fund • HSBC Mutual Fund • Vanguard • SBI Life Insurance • Tata Mutual Fund • Canara Robeco Mutual Fund • HDFC Mutual Fund 28.1% 6.6% 17.6% 26.8% 8.3% 12.6% Shareholding as on 30-Jun-25 Outstanding Shares – 26,01,33,915 shares Company was added in NSE F&O from 28-Mar-25 Promoter GIC Singapore Foreign Inst. Investors Mutual Funds Public & Others Bodies Corporates
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Public Distinguished Board of Directors 37 Dilip Kumar Jain Non-Executive Nominee Director Sudarshan Sen Independent Director Neeraj Vyas Independent Director Gita Nayyar Independent Director Chandrasekaran Ramakrishnan Independent Director Nilesh Shivji Vikamsey Independent Director Tejendra Mohan Bhasin Independent Director Pavan Kaushal Independent Director Girish Kousgi Managing Director and CEO
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Public 38 Experienced and Professional Management Team Jatul Anand Chief Credit & Collections Officer Vinay Gupta Chief Financial Officer Satish Singh Chief People Officer Ajay Kumar Mohanty Head - Internal Audit and Chief of Internal Vigilance Valli Sekar Chief Sales & Collection Officer - Affordable Krishna Kant Chief Compliance Officer Anubhav Rajput Chief Information Officer Veena Kamath Company Secretary Anshul Dalela Head – Customer Service & Operations Girish Kousgi Managing Director and CEO Dilip Vaitheeswaran Chief Sales Officer - Retail Bhavya Taneja Chief Marketing Officer Neeraj Manchanda Chief Risk Officer Vikas Rana Head- Construction Finance
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Public Governance 39 Key Features of Governance • Risk Management Committee(RMC) of the Board oversees the company’s Risk Management practices and approve the Risk Management Framework of the company • Executive RMC Comprising of senior members review risk management framework • Business units are responsible for effective management of risk of their unit • Internal audit to independently assess the Internal controls and Risk Management Framework • Compliance function independently monitors the Regulatory compliances Report Measure Risk Framework Regulations Good Practices Policies Technology/SystemsDataPeople/Awareness Key Enablers Strategy Risk Appetite Risk Definitions Risk Based Performance Management Risk Based Capital Allocation Risk Aware Decision Making Governance
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Public Overarching ESG Framework 40 40 40 Stakeholder Engagement Ethical Business Conduct Our Enablers Sustainability teamOversight at Leadership Board Level Agenda Governance Cultivate leading standards of governance. Transparency in Disclosures Cross Functional Participation Mindset of Ownership Our Motivation Through Strong Governance for Sustainability Empowered by our ESG Ethos Inspiring the organization towards Cemented by Aligned with UNSDGs ➢ Culture Building: Strengthen Governance around sustainability and drive “ESG Culture” ➢ Risk Strengthening: Reinforce the core, enhance models and frameworks to build ESG risks ➢ Sustainable Banking Eco-system: Build a resilient banking eco-system on sustainable practices Stakeholder Engagement Ethical Business Conduct Environment Conserve Resources & Bolster climate Health. Social Promote social equity & respect human dignity. Transparency in Disclosures Cross Functional Participation Mindset of Ownership ➢ Sustainability Culture Strengthening: Strengthen Governance around sustainability and drive “Sustainability Culture” through periodic capability Building through various modes. Ghar ki Baat
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Public Sustainable Value Creation Model 41 Financial Capital Sound capital base (equity, debt). Service Capital Extensive Reach & network of branches. Intellectual Capital Tech-enabled platforms and processes. Human Capital Diverse and experienced workforce. Social Capital CSR programs promise value creation. Natural Capital Climate conscious approach in a best possible manner. Focus on retail loan book growth Expand affordable loan offering in TIER 2 & 3 cities Strengthen Asset quality through robust underwriting and collection Maintain a well diversified borrowing mix Drive growth through digitalization and innovation in processes Investors Improved financial metrics Customers Seamless on-boarding journey and faster turnaround Employees Performance-based recognition Learning opportunities for career progression Equal opportunity Community Empowering the marginalized sections Regulatory Bodies Strong culture of compliance People First Customer - Centric Ethical Standards Delivering on Strategic Priorities Built on our Core Values Our Enablers Creating Sustainable Value for Stakeholders Aligned with ‘CONSERVE’ Aligned with ‘RESPECT’ Aligned with ‘PRACTICE’ E S G Ratings Top 3rd in the Diversified Financial Services and Capital Markets industry in the S&P Global Corporate Sustainability Assessment.*** Medium Risk of experiencing material financial impacts from ESG factors – assessed by Morningstar Sustainalytics Copyright © 2025 Sustainalytics, a Morningstar company. All rights reserved. This publication includes information and data provided by Susta inalytics and/or its content providers. Information provided by Sustainalytics is not directed to or intended for use or distrib ution to India-based clients or users and its distribution to Indian resident individuals or entities is not permitted. Morningstar/Sustainalytics accepts no responsibilit y or liability whatsoever for the actions of third parties in this respect. Use of such data is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers/. Basis-Feb 2025 ratings. *** As of 28/02/2025
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Public ESG Dashboard 42 Environment GovernanceSocial ~7.50 GJ/revenue (in crore) Energy Intensity ~1.55 Ton/revenue (in crore) CO2e Emissions Intensity Scope 1 & Scope 2 combined using CEA & GHG protocol ~0.16 Ton/passenger CO2e Emissions Intensity (Scope 3 – Business Travel by Air) using DESNZ Database based on GHG protocol ❑ Simplified the process of periodic updating of KYC (Self-declaration by customers using digital and non-digital modes) ❑ Development of CKYC integration with upgraded API is completed 100% BRSR Disclosures on Essential & Leadership Indicators *EWS – Economically weaker section Annual Income: < 0.3 Million. LIG, MIG – Low (Annual Income: 0.3 million – 0.6 million & Medium (Annual income: 0.6 million – 1.8 million) Income Group, **Basis Live Loan Accounts as on 30th June 2025. Aligning with Industry Standards Note/Framework Aligning with Industry Standards – Carbon & Energy Proxy Accounting (CEPA) methodology 200+ Hours clocked in POSH training 17%+ Women Employees 10000+ Hours clocked in Learning Launched Mobile Medical Units for construction worker welfare at Delhi NCR, Mumbai, Chennai and Ahmedabad. 84%+ Women Loan Applicants/Co- Applicants** 15%+ Women Primary Loan Applicants** 28%+ Loan Applicants from EWS 15%+ Loan Applicants from LIG 34%+ Loan Applicants from MIG In Individual Housing Loans in Q1FY26* 2 Times in a row Installation of Bio- composting Unit in Nashik 15%+ Women in senior management 25+ Hours in Sustainability learning Deeptam – Solar Electrification Support in Nainital
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Public Glossary ATA Average Total Assets ATS Average Ticket Size AUM Asset Under Management CP Commercial Paper CRAR Capital to Risk Asset Ratio DSA Direct Selling Agents DPD Due Past Days ECB External Commercial Borrowing ECL Expected Credit Loss EPS Earning Per Share GNPA Gross Non-Performing Asset NCDs Non-Convertible Debentures NIM Net Interest Margin NNPA Net Non-Performing Asset NTC New to credit ROA Return on Asset ROE Return on Equity RPA Robotic Process Automation SLR Statutory Liquidity Ratio STP Straight Through Process Ratios Formulas Used Average Yield (%) (Interest Income + Assignment Income) on Loans / Average Loan Book NIM (%) Net Interest Income including assignment income / Average Earning Assets Opex to ATA (%) Operating Expenditure(Employee Cost + Other Expenses + Depreciation - Acquisition Cost + ESOP cost + CSR cost - Fair value on repossessed assets) / Average Total Assets as per Balance sheet 44
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Public Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNB Housing Finance Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation, directly or indirectly, in any manner, or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for any securities of the Company in any jurisdiction, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation is not a prospectus, disclosure document, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, and the rules made thereunder, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation, and nothing in this Presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Financial information of the Company included herein may differ from its quarterly financial information as a result of certain adjustments made during the course of audit. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. The Presentation has not been independently verified and any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. All forward-looking statements are based on judgments derived from the information available to the Company at this time. Forward-looking statements can be identified by terminology such as such as “potential,” "opportunity," “expected,” “will,” “planned,” "estimated", “targeted”, "continue", "on-going" or similar terms. Such forward- looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, natural calamities, inflation, deflation, the performance of the financial markets in India and globally, changes in Indian laws and regulations, including tax, accounting and housing finance companies regulations, changes in competition and the pricing environment in India, and regional or general changes in asset valuations, the Company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Given these uncertainties and other factors, viewers of this Presentation are cautioned not to place undue reliance on these forward-looking statements. The information in this Presentation does not constitute financial advice (nor investment, tax, accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in the Company or its securities, or an investor’s financial situation, tax position or particular needs. Past performance information in this Presentation should not be relied upon as an indication of (and is not an indicator of) future performance. The contents of this Presentation are strictly confidential and may not be copied or disseminated, reproduced, re-circulated, published, advertised or redistributed, in whole or in part, to any other person or in any media, website or otherwise in any manner without the Company’s written consent. 45
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Public Thank You Company: PNB Housing Finance Limited CIN: L65922DL1988PLC033856 Ms. Deepika Gupta Padhi National Head-Investor Relations & Treasury Mr. Chaitanya Yadav National Head – Financial Planning and Analysis Phone: +91 124 6030500 Investor.relations@pnbhousing.com www.pnbhousing.com 46