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Satin Creditcare Network Ltd. Investor Presentation Q3-FY26 Growth. Diversification. Value Q3/9M-FY26 Investor Presentation Growth. Diversification. Value Satin Creditcare Network Ltd. INVESTOR PRESENTATION Q3/9M-FY26
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2 Disciplined Execution Consistent Profitability • Steady AUM growth • Last 6 years avg credit cost 3.3% & RoA 2.1% • Book value compounded at ~10% over last 2 years Adequate Capital Buffer • CRAR remained comfortably >= 25% over last 5 years • Sufficient liquidity maintained at all times Proven Crisis Management Successfully navigated crisis like Covid and current MFI crisis and outperformed the sector in asset quality ESG Commitment Dedicated to Environment, Social and Governance Debut score of 59 in S&P CSA Sustained Performance Diversification Alternative Investment Fund Technology Services Financing Sustainable & Emerging Businesses Rural Micro Housing Stable Management Team Process Led Underwriting Data Driven Decision Making Backed by Technology Strong Risk Governance Vision:- To unlock the value invested in our subsidiaries/businesses for our stakeholders LONG TERM VALUE CREATION
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3 01 02 03 Alignment Consistency ▪ 18th Profitable quarter in a row, despite sector headwinds ▪ Maintained growth momentum even as the sector witnessed a degrowth during last 6 quarters Platform Strengthening ▪ Futuristic investment in deep tech cybersecurity company ▪ Derisking portfolio through NATCAT and CGFMU ▪ 16 Capital raises since inception ▪ Promoters co-invested in 14 rounds ▪ Leveraging distribution outreach to create more business opportunities Game Changing Positioning as Rural Financial Services Company Process & Technology changed the face of the way we do business Leveraging Technological Prowess Well thought out strategy in product and geography diversification DIFFERENTIATION | PROVEN BY TRACK RECORD
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4 ENHANCED GROWTH, PROFITABILITY & ASSET QUALITY Ratios are annualized Financial numbers in INR Crore; Data for Q3-FY26 13,341 Crores AUM 10% YoY 1,987 Branches 29% YoY 18,240 Employees 7% YoY 24.6% CRAR 8,094 Crores Disbursement 7% YoY 73 Active Lenders Long term rating “A (Stable)” by ICRA ConsolidatedStandalone 3.3% GNPA 99.8% X Bucket CE 14.25% NIM 18 bps YoY 4.03% Credit Cost 2.22% ROA 171 bps YoY 10.82% ROE 859 bps YoY 224 Crores PPoP 5% YoY 265 bps YoY ~33 lakhs Active Clients
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SATIN CREDITCARE NETWORK LTD. 5 Q3/9M-FY26 PERFORMANCE
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6 OPERATIONAL HIGHLIGHTS On a standalone basis ➢ Steady Disbursement Momentum: Maintained consistent disbursements of INR 2,896 Crores in Q3-FY26, resulting in a growth of 20% QoQ ➢ ZERO incremental provisions on account of Labour Codes ➢ Raised INR 7,150 Crores during 9M-FY26, have healthy balance sheet liquidity of INR 2,283 Crores and undrawn sanctions of INR 2,206 Crores ➢ Asset Quality Intact: PAR 90 stood at 3.3% as of Dec’25; underscoring robust underwriting ➢ Sourcing to disbursement at 36%; primarily driven by tighter credit evaluation framework ➢ Prudent Borrower Leverage: No clients have more than 3 microfinance lenders or loan exposure of >= INR 2 Lakhs (at the time of disbursement), reflecting healthy credit discipline ➢ Geographical Expansion: During 9M-FY26, we opened 363 new branches and expanded into Mizoram. This expansion-led scale-up resulted in a temporary increase in operating expenses and cost-to-income ratios. ➢ Board Strengthening: Continued to enhance governance with the induction of two new seasoned independent directors, reinforcing our commitment to strong and diverse board leadership ➢ Guidance: Targeting a credit cost lower than FY25 levels, which stood at 4.6%, credit cost in Q3-FY26 stood at 4.2%
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7 IMPROVING PERFORMANCE ACROSS GEOGRAPHIES Particulars On-book Portfolio (INR Crores) % of On-book Portfolio CE % Q3-FY26 PAR 90 Uttar Pradesh 2,043 23.8% 99.4% 3.7% Assam 1,223 14.2% 100.0% 0.5% Bihar 1,139 13.3% 95.4% 4.9% West Bengal 779 9.1% 93.9% 5.5% Madhya Pradesh 575 6.7% 94.7% 2.9% Punjab 371 4.3% 100.0% 1.5% Others 2,458 28.6% 96.0% 3.4% Total 8,589 100.0% 98.0% 3.3% Q3-FY26 has shown a recovery in asset quality, backed by healthy disbursement PAR 90 showed improvement across geographies, indicating effective control across DPD buckets and reinforcing our strong client engagement and robust risk management practices Geographic Strength Supports Overall Portfolio Resilience
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8 – Benefits - De-risked growth in microfinance portfolio; Scalable access to first-time and thin-file borrowers; Enhanced capital productivity; Supports RoA / RoE resilience across cycles; Potential to improve funding access and pricing over time; Resilience in stress tests and regulatory comfort Natural calamity insurance coverage for Satin Clients which provides critical protection against disasters by safeguarding borrowers' House. Covers property damage that affects repayment capacity. Benefits - Reduces default risks, Supports recovery,, builds trust among client, Ensures continuity of financial services, thereby positively impacting asset quality parameters. Natcat Data on standalone basis Credit Guarantee Fund for Micro Units (CGFMU) Natural Calamity Insurance (NATCAT) SCNL registered under this scheme in Q3- FY2026. CGFMU provides a portfolio-level credit guarantee (typically ~73% of the defaulted amount on eligible loans). Benefits • Scalable access to first-time and thin-file borrowers • Enhanced capital productivity • Supports RoA / RoE resilience across cycles • Potential to improve funding access and pricing over time • Resilience in stress tests and regulatory comfort Natural calamity insurance coverage for Satin clients which provides critical protection against disasters by safeguarding borrowers’ house. Covers property damage that affects repayment capacity. Disbursed INR 3,563 Crores since Sep’25. Benefits • Reduces default risks • Supports recovery • Builds trust among clients • Ensures continuity of financial services, Positively impacting asset quality parameters INSURING OUR PORTFOLIO FURTHER
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9 Q3/9M-FY26 CONSOLIDATED HIGHLIGHTS AUM (INR Crores) Disbursement (INR Crores) Active Clients (Lakhs) Branches NII (INR Crores) PPOP (INR Crores) PAT (INR Crores) 3.6% 13,341 3,227 32.7 1,987 463 224 72 13,341 8,094 32.7 1,987 1,328 638 170 12,128 7,568 33.9 1,535 1,194 625 164 10.0% 7.0% (3.7)% 29.4% 11.2% 2.0% Q3-FY26 Q2-FY269M-FY26 9M-FY25 Note: 1. The decline in number of active clients is on account of curtailed addition of new clients and write-offs. 9 12,687 2,626 33.3 1,713 449 212 53 Y-o-Y 5.2% (1.8)% 16.0% 3.3% 5.8% 35.3% Q-o-Q 214 12,128 2,835 33.9 1,535 420 14 Q3-FY25 29.4% 10.4% 4.6% 404.1% Y-o-Y 22.9% 10.0% (3.7)% 14.2%
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10 Q3/9M-FY26 STANDALONE HIGHLIGHTS AUM (INR Crores) Disbursement (INR Crores) Active Clients (Lakhs) Branches NII (INR Crores) PPOP (INR Crores) PAT (INR Crores) Q3-FY26 Q2-FY269M-FY26 9M-FY25 Note: 1. The decline in number of active clients is on account of curtailed addition of new clients and write-offs. 10 Y-o-Y Q-o-Q Q3-FY25 Y-o-Y 11,482 7,382 10,778 6,955 1,817 1,193 600 165 27.9% 8.4% (1.7)% 1,421 1,101 610 176 (5.9)% 6.5% 6.1% 31.8 (4.2)%33.2 4.0%11,482 11,044 20.0% (1.9)% 12.4% 2,896 31.8 1,817 2,421 32.4 1,616 2.5% 5.3% 414 210 71 404 200 52 36.2% 10,778 2,683 1,421 390 212 31 33.2 7.9% 6.5% 27.9% 6.2% 125.4% (0.8)% (4.2)%
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11 23.13% Q3/9M-FY26 CONSOLIDATED FINANCIAL HIGHLIGHTS 8.89% 14.25% 7.35% 4.03% 10.82% 3.71x 51.60% 2.22% 23.04% 8.97% 14.06% 6.88% 6.69% 2.23% 3.4x 48.91% 0.51% Gross Yield Cost of Borrowing NIM Operating Expense Ratio Loan Loss Ratio RoA RoE Leverage Ratio Cost to Income Ratio 23.06% 9.50% 13.56% 7.05% 4.26% 8.67% 3.71x 51.99% 1.84% 22.01% 8.73% 13.29% 6.33% 4.53% 8.81% 3.4x 47.67% 2.00% Q3-FY26 Q2-FY26 Q3-FY25Q-o-Q Y-o-Y 9M-FY26 9M-FY25 Y-o-Y Note: 1. Yield in Q2 was elevated on account of MTM gains, and a subsequent expense in cost of borrowing due to effect of change in Forex rates 2. Our Forex borrowings are 100% hedged 3. Opex and Cost/Income elevated on account of branch expansion 11 25.18% 10.94% 14.25% 7.51% 4.55% 8.19% 3.71x 52.72% 1.68%
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12 23.81% 9.10% 14.71% 7.23% 4.23% 2.33% 9.57% 2.94x 49.19% 23.81% 9.12% 14.69% 6.70% 7.35% 1.17% 4.46% 2.77x 45.63% 23.73% 9.77% 13.96% 6.94% 4.52% 1.90% 7.55% 2.94% 49.76% 22.65% 8.91% 13.74% 6.13% 4.97% 2.24% 8.51% 2.77x 44.60% Q3-FY26 Q2-FY26 Q3-FY25Q-o-Q Y-o-Y 9M-FY26 9M-FY25 Y-o-Y Gross Yield Cost of Borrowing NIM Operating Expense Ratio Loan Loss Ratio RoA RoE Leverage Ratio Cost to Income Ratio Q3/9M-FY26 STANDALONE FINANCIAL HIGHLIGHTS 12 26.05% 11.36% 14.69% 7.42% 4.83% 1.75% 7.17% 2.95x 50.52% Note: 1. Yield in Q2 was elevated on account of MTM gains, and a subsequent expense in cost of borrowing due to effect of change in Forex rates 2. Our Forex borrowings are 100% hedged 3. Opex and Cost/Income elevated on account of branch expansion
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13 STANDALONE QUARTERLY PROGRESS (1/3) AUM (INR Crores) DISBURSEMENT (INR Crores) TOTAL INCOME (INR Crores) NII (INR Crores) NETWORTH (INR Crores) PPOP (INR Crores) 10,778 11,316 10,956 11,044 11,482 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 2,683 2,881 2,065 2,421 2,896 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 632 562 642 716 670 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 390 326 375 404 414 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 2,830 2,843 2,870 2,917 2,988 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 212 126 189 200 210 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26
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14 STANDALONE QUARTERLY PROGRESS (2/3) DISBURSEMENT / BRANCH (INR Crores) AUM / BRANCH (INR Crores) AUM / LOAN OFFICER (INR Crores) NEW CLIENTS ADDED (Lakhs)BRANCHES EMPLOYEES 1.9 2.0 1.4 1.5 1.6 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 7.4 7.6 7.4 6.8 6.3 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 1.19 1.17 1.08 1.06 1.10 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 15,451 15,189 14,944 15,343 16,411 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 1,421 1,454 1,487 1,616 1,817 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 1.9 2.3 1.6 1.5 1.9 Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 Note: 1. We have added 363 branches in 9M-FY26 and operating efficiencies will be visible in coming quarters 14
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15 STANDALONE QUARTERLY PROGRESS (3/3) 23.81% 20.34% 23.06% 26.05% 23.81% 9.12% 8.53% 9.58% 11.36% 9.10% 14.69% 11.81% 13.48% 14.69% 14.71% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 MARGIN ANALYSIS (%) Gross Yield Financial Cost NIM 7.35% 3.81% 4.84% 4.83% 4.23% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 CREDIT COST (%) 6.70% 7.24% 6.68% 7.42% 7.23% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 OPEX TO AVG AUM (%) 27.40% 25.85% 26.04% 26.32% 24.64% 1.17% 1.51% 1.51% 1.75% 2.33% 4.46% 5.79% 5.97% 7.17% 9.57% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 RETURN RATIOS AND CAPITAL ADEQUACY (%) Capital Adequacy Ratio ROA ROE Note: 1. Yield in Q2 was elevated on account of MTM gains, and a subsequent expense in cost of borrowing due to effect of change in Forex rates 2. Our Forex borrowings are 100% hedged 3. Opex is elevated due to branch expansion 15
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16 ASSET QUALITY AND PROVISIONS 3.9% 3.7% 3.7% 3.5% 3.3% 4.9% 4.2% 4.4% 4.2% 3.7% 5.7% 4.6% 5.0% 4.9% 4.1% 6.4% 4.9% 5.8% 5.8% 4.7% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 PAR 90 PAR 60 PAR 30 PAR 1 PAR TREND NNPA & COVERAGE RATIO 3.9% 3.7% 3.7% 3.5% 3.3% 1.5% 1.4% 1.4% 1.2% 1.1% 2.4% 2.3% 2.4% 2.3% 2.2% Q3-FY25 Q4-FY25 Q1-FY26 Q2-FY26 Q3-FY26 GNPA NNPA ECL% 99.2% Overall Coverage Ratio 89.2% Above numbers are on a cumulative basis. 97.3% • There is an improvement in collection efficiency across dpd buckets, leading to better PAR ratios • Overall asset quality has shown a strong consistency with PAR 90 at 3.3% i.e. INR 287 Crores • Sufficient on-book provisions of INR 272 Crores as on Dec’25, which is 3.2% of on-book portfolio. Provision required as per RBI is INR 141 Crores • Management overlay of INR 12 Crores to act as buffer for future stress • Stage 3 coverage ratio is 67% as on Dec’25 vs 66% as on Sep’25 • Recovery against write-offs INR 24 Crores during 9M-FY26 • Overall Provision Coverage Ratio is healthy at 94.8% 105.2% 94.8%
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17 BUILT ON A STRONG & BALANCED FUNDING BASE PRODUCT WISE 51.5% 21.9% 11.1% 15.3% 0.2% Term loan & PTC DA NCD ECB Commercial paper LENDER WISE 71.0% 15.0% 5.5% 8.5% Banks Overseas fund NBFC Domestic Financial Institution 5,497 7,269 7,887 8,786 FY23 FY24 FY25 9M-FY26 TOTAL DEBT (INR CRORES) *Exposure via various funds Top 10 Lending Partners % Share State Bank Of India 8.7% Bank Of Maharashtra 8.4% HSBC 7.4% Bank Of Baroda 5.1% Axis Bank Limited 4.9% IDFC First Bank Limited 4.4% Equitas Small Finance Bank 4.1% Blue Orchard* 3.9% Union Bank Of India 3.0% Standard Chartered Bank 2.9% Total 52.9% LARGE LENDER BASE 73 Active Lenders CREDIT RATING • Long term rating: “A (Stable)” by ICRA • Short-Term rating: “A1” by ICRA FUNDING SOURCE 77.0% 23.0% Domestic Foreign Data as on Dec’25
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18 DIVERSIFIED GEOGRAPHICAL PRESENCE 1,987 No. of Branches 131 No. of Regional Offices ~558 No. of Districts 3.5 Lakhs No. of Centres 98.2% Districts with <1% exposure 405 421 529 558 24 26 29 31 FY23 FY24 FY25 9M-FY26 Districts States # 1,5681,286 1,393 DISTRICTS, STATES AND BRANCHES Branches 25.6 33.4 32.9 31.8 2.7 1.3 0.8 0.9 FY23 FY24 FY25 9M-FY26 SCNL Subsidiaries CLIENTS (LAKHS)^ 33.634.728.3 EMPLOYEES & LOAN OFFICERS 9,222 11,363 15,189 16,411 1,909 1,533 1,516 1,829 FY23 FY24 FY25 9M-FY26 11,509 16,705 7,449 11,131 12,896 9,309 Satin Employees Subsidiaries Loan Officers* 11,981 18,240 32.7 ^ The reduction in number of clients is on account of calibrated disbursement & write-offs * Loan officers include Trainee CSOs # Including UTs No. of Branches Top 4 States (56%) Next 6 States/UTs (26%) Remaining 21 States/UTs (18%) 1 1 105 73 7 27 376 113 243 1 168 7 1854 39 15657 98 41 42 48 26 1 86 190 3 5 1 PRESENCE ACROSS 26 STATES AND 5 UTs 1,987
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19 ESG – FROM FOUNDATIONS TO GLOBAL VALIDATION S&P Global CSA Score: 59 | First Attempt Assessment – Translating Purpose intro Progress Independent Global Validation Key ESG Capabilities Institutionalized ❑ 35+ Years of Robust Governance, Risk oversight & Ethical Conducts ❑ Inclusive Finance & Social Impact deeply Embedded in Portfolio ❑ Structured Materiality & Stakeholder Mapping ❑ Company-wide Foundational ESG Diagnostics via Credible & Independent third parties ❑ Partnerships with Global Impact Lenders & DFIs to Design, Pilot and Scale Progressive ESG Initiatives ❑ Continuous Community Engagement & SDG-Aligned Interventions ✓ S&P Global Corporate Sustainability Assessment (SCA) Score: 59 ✓ Assessed across a comprehensive range of Environmental, Social and Governance (ESG) parameters ✓ Most material topics in the outcome: Human Capital Management, Risk & Crisis Management and Business Ethics ✓ Benchmarked against global peers, highlights our ability to translate policy frameworks into consistent execution GHG Accounting ▪ Exhaustive GHG accounting across Scope 1,2 & 3 since FY24 ▪ Adoption of FY25 as baseline year ▪ Steppingstone for the Company’s sustainability and decarbonization journey Materiality and Responsible Conduct ▪ Scientific third-party materiality assessment for targeted interventions relevant to both internal & external stakeholder ▪ Comprehensive Human Rights Due Diligence aligned with UNGP on Business & Human Rights Evolving E&S Action Plans ▪ Implementation of Gender Action Plan for empowering the women in workplace ▪ Partnership with ADB for a climate-focused technical assistance (TA) initiative ▪ Capacity building for integrating resilience Social Outcome Oriented Portfolio ▪ Delivering inclusive finance to ~100% women clients ▪ Serving to BPL customers ▪ On-lending to lowest strata of Indian economy under the Social Financing Framework ▪ Rated SQS2 by Moody’s, among the highest
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SATIN CREDITCARE NETWORK LTD. 20 VALUE UNLOCKING THROUGH DIVERSIFICATION
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21 GROUP STRUCTURE HRMS: Human Resource Management System; WoS : Wholly Owned Subsidiary Satin Creditcare Network Limited Satin Housing Finance Limited (WoS) (since Feb’18) Satin Finserv Limited (WoS) (since Mar’19) Satin Technologies Limited (WoS) (since Aug’24) QTrino Labs (acquired 51% stake in Jan’26) Satin Growth Alternatives Limited(WoS) (since Aug’25) ✓ Sustainable & Emerging Businesses ✓ AUM: Rs. 759 crore | Branches: 117 Networth: Rs. 243 crore ✓ Loans to own, purchase, construct, extend, or repair houses ✓ AUM: Rs. 1,101 crore | Branches: 53 Networth: Rs. 368 crore ✓ Offers an advanced HRMS and Loan Management Platform ✓ Acquired strategic stake in QTrino, a deep tech cybersecurity company in Jan’26
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22 HOUSING FINANCE 505 756 920 1,101 62 92 115 109 FY23 FY24 FY25 9M-FY26 AUM Total Revenue AUM and Total Revenue (INR Crores) AUM INR 1,101 Crores No. of States and UTs 22 Tenure 24-240 Months Average Ticket Size INR 15,50,000 Collection Frequency Monthly No. of Loan Accounts 10,481 GNPA 3.1% CRAR 62.0% Credit Rating A- (Stable) from ICRA Satin Housing Finance Limited (SHFL), a wholly owned subsidiary, offers affordable housing finance products tailored for low- and middle-income families. SHFL offers competitive loans for home purchase, construction, and improvement, ensuring affordable housing finance. Simplified loans with minimal documentation and full support from counselling to post-loan service, ensuring transparency and accessibility. The company leverages its deep rural presence to serve graduated microfinance clients ready for home ownership. With its history of flawless operations and no willful defaults or fraud, SHFL is a trusted affordable housing finance provider. AUM 3 Year CAGR: 42.49% Total revenue 3 Year CAGR: 44.65%
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23 SUSTAINABLE & EMERGING BUSINESSES AUM INR 759 Crores No. of States and UTs 11 Tenor Upto 60 months Average Ticket Size INR 1,78,000 (Retail) Collection Frequency Monthly/Quarterly No. of Loan Accounts 48,508(1) GNPA 4.8% CRAR 36.1% Credit Rating A- (Stable) from ICRA 682 501 548 759 107 121 127 125 FY23 FY24 FY25 9M-FY26 SFL AUM Total Income AUM and Total Revenue (INR Crores) Satin Finserv Limited (SFL), founded in 2018, provides customized financial solutions to support India’s vital MSME sector. The company offers a comprehensive range of sustainable and emerging businesses loans, tailored to support diverse business needs. It has recently introduced the sustainable vertical to drive country’s low-carbon transition and MSME financing growth. SFL’s micro loans specifically targets underserved entrepreneurs seeking small-ticket business loans (≤ INR 5 lakh) secured by collateral tapping into a significant market opportunity. By leveraging the outreach and customer base of SCNL, particularly second-cycle & above borrowers, SFL enhances its ability to serve creditworthy clients. Through its flexible, need-based financing, the company fosters sustainable business growth and actively promotes entrepreneurship across India's MSME sector. (1) In addition to these, SFL JLG has 26,249 loan accounts 456 175 31 SFL-JLG AUM 30
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24 SATIN TECHNOLOGIES – LEVERAGING IN-HOUSE TECHNOLOGY • Rolled out a wholly owned subsidiary focused on innovating and developing cutting- edge technological solutions across various industries, with a strong emphasis on financial services • Within the first two months of incorporation, acquired 2 clients • Offers an advanced Human Resource Management System (HRMS) and Loan Management Platform • Aims to drive efficiency, scalability, and customer satisfaction through the use of technology, meeting the evolving needs of businesses in the digital age • Appointed a professional CEO & MD, Mr. Rupinder Kalia who has an overall experience of more than 20 years in IT and consulting. Prior to Satin, he was MD in consulting division of a big four firm in United States • Acquired strategic stake in QTrino, a deep tech cybersecurity company focused on post quantum security in Jan’26
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25 QTRINO – FORAYING IN POST QUANTUM CRYPTOGRAPHY Strategic Synergies with Satin Ecosystem: Leverages Satin Technologies’ enterprise and NBFC relationships to accelerate go-to-market and build a scalable, high-margin cybersecurity vertical Early Entry into Post-Quantum Cryptography (PQC): Positions Satin in the fast-emerging quantum-safe cybersecurity market, addressing the structural risk of quantum attacks on existing cryptographic systems Differentiated End-to-End Platform: Integrated Consulting + Enterprise Software + Secure Hardware model for PQC readiness, migration, and deployment—solving a fragmented industry landscape IIT-Incubated Deep-Tech Research & IP: Strong academic lineage from IIT Patna, with proprietary IP in post-quantum algorithms, entropy systems, and secure hardware, creating high entry barriers Large Regulated-Sector Opportunity: Growing regulatory-driven demand across BFSI, government, defense, and critical infrastructure in India and Asia-Pacific markets
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26 SATIN GROWTH ALTERNATIVES – FROM LAST-MILE BORROWERS TO FUTURE FINANCING SOLUTIONS Category II Alternative Investment Fund (AIF CAT II) under SEBI regulations, aimed at providing vital debt capital to underfunded MSMEs, especially in rural and semi-urban India. Targets underserved MSMEs in key livelihood sectors, offering scalable debt solutions to overcome capital access barriers and enable last-mile impact. Strategic move to leverage SCNL’s financial services expertise, enabling revenue diversification through participation in the regulated alternative asset management sector. Fund led by an all-women Board and investment team, reinforcing SCNL’s commitment to gender-intentional leadership, equity, and financial inclusion. Built on ESG principles, the initiative aligns with SATIN’s broader mission of inclusive growth and gender empowerment across India. License is under process
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SATIN CREDITCARE NETWORK LTD. 27 ANNEXURE
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28 BUSINESS DETAILS Particulars Q3-FY26 Q3-FY25 YoY% Q2-FY26 QoQ% AUM (INR Crores) 13,341 12,128 10.0% 12,687 5.2% SCNL 11,482 10,778 11,044 On-book 8,589 8,274 8,321 Off-book 2,892 2,504 2,723 SHFL 1,101(1) 872 1,022 SFL 759(2) 479 621 MSME 710 445 590 AUM Mix (INR Crores) 13,341 12,127 10.0% 12,687 5.2% MFI Lending 11,231 10,598 10,840 Business Correspondence 31 35 31 MSME 1,009 659 825 Housing Finance 1,101 872 1,022 No. of Branches 1,987 1,535 29.4% 1,713 16.0% SCNL 1,817 1,421 1,616 SHFL 53 44 43 SFL 117 70 54 1) Includes assigned portfolio of INR 197 Crores 2) Includes assigned portfolio of INR 19 Crores
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29 Particulars Satin Creditcare Network Ltd. Satin Housing Finance Ltd. Satin Finserv Ltd. Product features as of Dec’25 Microfinance(1) Housing Finance MSME Purpose Unsecured micro loans to economically active women through the JLG model Affordable & micro housing solutions for low to middle-income groups Sustainable and Emerging Businesses Loans Ticket Size Range Upto INR 1,05,000 INR 1,00,000 – 4,000,000 Upto INR 200,000,000 Tenure 6 - 48 months 24 - 240 months Upto 60 months Frequency of Collection Bi-Weekly Monthly Monthly/Quarterly No. of States/UTs 28 22 11 No. of Branches 1,817 53 117 AUM (INR Crores) 11,201(2) 1,101 759(3) No. of loan accounts 32,26,227 10,481 48,508 Avg. Ticket Size for Q3-FY26 INR 61,000 (JLG) INR 15,51,000 INR 1,78,000 (Retail) GNPA 3.3% 3.1% 4.8% CRAR 24.6% 62.0% 36.1% Active Lenders 73 35 23 Credit Rating ICRA A (Stable) ICRA A- (Stable) ICRA A- (Stable) DIVERSIFIED PRODUCT OFFERINGS Notes: (1) Includes MFI Lending (loans under JLG model and water & sanitation) and Product Financing (Loans for solar lamps, cycles etc.) (2) SCNL also has additional MSME portfolio of INR 281 Crores other than MFI portfolio (3) Post merger of TFSL, SFL also has JLG BC portfolio, which is being run down. The AUM for SFL JLG portfolio stood at INR 30 Crores
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30 Income Statement (INR Crores) Q3-FY26 Q2-FY26 Q-o-Q Q3-FY25 Y-o-Y 9M-FY26 9M-FY25 Y-o-Y Interest Income 588 597 (1.6)% 539 9.1% 1,787 1,641 8.9% Less: Finance Cost 271 270 0.3% 260 4.3% 810 767 5.6% Less: Forex Loss 18 74 (75.5)% 8 126.6% 120 18 569.2% MTM Gains 18 83 (78.4)% 12 48.6% 127 9 1316.1% Other Income 147 113 30.5% 137 7.6% 345 329 4.7% Net Interest Income 463 449 3.3% 420 10.4% 1,328 1,194 11.2% Operating Expenses 239 236 1.1% 205 16.5% 691 569 21.3% Credit Cost 131 143 (8.5)% 200 (34.2)% 418 408 2.5% Profit Before Tax 93 69 35.5% 15 522.7% 220 218 1.1% Less: Tax 21 16 36.4% 1 2973.7% 50 53 (6.7)% Profit for the Period 72 53 35.3% 14 404.1% 170 164 3.6% CONSOLIDATED INCOME STATEMENT Note: 1. Income in Q2 was elevated on account of MTM gains, and a subsequent expense in Finance Cost due to effect of change in Forex rates 2. Our Forex borrowings are 100% hedged 30
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31 Income Statement ( INR Crores) Q3-FY26 Q2-FY26 Q-o-Q Q3-FY25 Y-o-Y 9M-FY26 9M-FY25 Y-o-Y Interest Income 526 539 (2.5)% 488 7.8% 1,608 1,510 6.5% Less: Finance Cost 238 238 0% 234 (1.8)% 715 696 2.7% Less: Forex Loss 18 74 (75.5)% 8 126.6% 120 18 579.7% MTM Gains 18 83 (78.4)% 12 48.6% 127 9 1357.5% Other Income 127 95 33.9% 133 (4.3)% 293 297 (1.1)% Net Interest Income 414 404 2.5% 390 6.2% 1,193 1,101 8.4% Operating Expenses 204 204 0.0% 178 14.4% 594 491 20.9% Credit Cost 119 133 (10.4)% 195 (38.9)% 387 398 (2.8)% Profit Before Tax 91 67 36.4% 17 436.3% 213 212 0.4% Less: Tax 21 15 37.3% (14) (243.8)% 48 36 30.7% Profit for the Period 71 52 36.2% 31 125.4% 165 176 (5.9)% STANDALONE INCOME STATEMENT Note: 1. Income in Q2 was elevated on account of MTM gains, and a subsequent expense in Finance Cost due to effect of change in Forex rates 2. Our Forex borrowings are 100% hedged 3. Opex is elevated on account of branch expansion 31
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32 STRATEGIC DIVERSIFICATION WITH AUM GROWTH 95% 5% AUM Mix Microfinance Non-Microfinance 84% 16% AUM Mix Microfinance Non-Microfinance 70% 30% AUM Mix Microfinance Non-Microfinance 2019 9M-FY2026 2030 T 7,068 13,341 25,000 T AUM Growth (INR CRORES) T - Target
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33 CAPITAL MARKET INFORMATION 36.2% 11.1% 7.3% 3.5% 18.6% 23.3% Promoter Florintree Ventures LLP DII FII Bodies Corporate Public SHAREHOLDING PATTERN AS ON 31st DEC, 2025 Price Data INR Face Value 10.0 Market Price 143.6 52 Week H/L 176.0/131.4 Market Cap (INR Crores) 1,585.8 Equity Shares Outstanding (Crores) 11.0 1 Year Avg Trading Volume (‘000) 232.3 No. of Equity Shareholders 46,944 Book Value per share 244 Price data as on 31st December, 2025 NSE: SATIN BSE: 539404 BLOOM: SATIN:IN
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34 GLOSSARY 1. Gross Yield representsthe ratio of total Income in the relevant period to the AverageAUM 2. Financial Cost Ratio representsthe ratio of InterestExpense in the relevant period to the AverageAUM 3. Net InterestMargin representsthe difference between the Gross Yield and the Financial Cost Ratio 4. Operating Expenses Ratio representsthe ratio of the Operating Expenses (expensesincluding depreciation but excluding credit Cost and InterestExpense) to the AverageAUM 5. Loan Loss Ratio representsthe ratio of credit cost (including FLDG on BC) to the AverageAUM 6. RoA representsratio of P A Tto the AverageTotalAssets 7. RoE representsP A Tto the AverageEquity 8. GNPA representsstage III loan outstanding at the end of reporting period 9. NNPArepresentsstage III loan outstanding at the end of reporting period net of ECL provision against stage III loans 10. AUM representstotal value of the loan portfolioincluding on and off balance sheet assets 11. Leverage Ratio representsthe ratio of total borrowings to net worth
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35 DISCLAIMER Satin Creditcare Network Limited: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Satin Creditcare Network Limited (the “Company”), have been prepared solely for information purposes and do not constitute and should not be construed as, any offer, recommendation or invitation to purchase or subscribe for any securities of the Company. This Presentation shall not form the basis of or be relied upon in connection with any contract or binding commitment whatsoever. Any offering of securities by the Company, if made, will be through a statutory offering document containing detailed disclosures in accordance with applicable laws. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, however, the Company makes no representation or warranty, express or implied, as to, and disclaims any liability for, the fairness, accuracy, completeness, or correctness of the information or opinions contained herein. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability of the Company and/or any of its directors, officers, or affiliates in respect of the contents of, or any omission from, this Presentation is expressly excluded. This Presentation contains forward-looking statements, which are based on certain assumptions and expectations of future events. These statements include descriptions of the Company’s anticipated business prospects, financial performance, and other projections, and they are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied in these forward-looking statements due to various factors, including but not limited to fluctuations in earnings, Company’s ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost overruns on contracts, Company’s ability to manage the international operations, government policies and regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in the future or update any forward-looking statements made from time to time by or on behalf of the Company. Figures presented may slightly vary due to rounding off. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data provided by the Company, which it believes to be reliable. However, Valorem Advisors and the Company expressly disclaim any and all liability for, and do not make any representation or warranty, express or implied, as to, the accuracy, completeness, or fairness of the information contained in this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please contact: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-49039500 Email: satin@valoremadvisors.com Investor Kit Link: https://wwwˌvaloremadvisorsˌcom/satin Ms. Aditi Singh Satin Creditcare Network Limited Tel: (124) 4715400 Email: aditi.singh@satincreditcare.com For Detailed Information: Corporate Presentation