Slides
Page 1
1 DREAM BIG. DELIVER BIGGER. EARNINGS PRESENTATION Q2 & H1FY27
Page 2
22 Profitability Standalone: - PAT ₹292 Crores, 209% growth YoY. - ROA stood at 4.3%, up 262 bps YoY. ROE stood at 17.8%, up 1,122bps YoY. - ROA and ROE excluding Management Overlay stood at 4.8% & 20.1% resp. Consolidated:- PAT ₹299 Crores, 204% growth YoY. - ROA stood at 3.9%, up 233 bps YoY. ROE stood at 19.8%, up 1,214 bps YoY. - ROA and ROE excluding Management Overlay stood at 4.4% & 22.2% resp. 03 Asset Quality Standalone: - GNPA (PAR 90) stood at 1.9% at ₹197 Crores. - X Bucket Collection Efficiency 99.8%. - Credit Cost 2.8%, reduced by 202 bps YoY. - Credit Cost excluding Management Overlay (₹50 Crores) stood at 2.0% 02 • XXGrowth Standalone: AUM stands at ₹13,608 Crores, 23% growth YoY ; Disbursement ₹6,109 Crores, 36% growth YoY. Consolidated: AUM stands at ₹16,589 Crores, 31% growth YoY; Disbursement ₹7,192 Crores, 48% growth YoY. 01 Funding Standalone: - Raised ~₹5,630 Crores in H1FY27 via diversified debt instruments. - ~₹4,600 Crores of undrawn sanctions in hand; Liquidity as on 30th September stood at ₹2,235 Crores. 04 Milestones 05 Raising the Bar: H1FY27 PAT of ₹292 Crores, Closing in on FY26 Full-Year Profit of ₹302 Crores in Just Six Months H1FY27 SGAL achieved first close in 4.5 months, made its first investment.
Page 3
33 Profitability Standalone: - PAT ₹172 Crores, 231% growth YoY; - ROA stood at 4.9%, up 314 bps YoY, ROE stood at 20.6%, up 1,339bps YoY. - ROA and ROE excluding Management Overlay stood at 6.0% and 25.0% respectively. Consolidated:- PAT ₹176 Crores, 231% growth YoY; - ROA stood at 4.5%, up 282 bps YoY. ROE stood at 22.8%, up 1,462bps YoY. - ROA and ROE excluding Management Overlay stood at 5.5% & 27.7% 03 Credit Cost Standalone: - Credit Cost 2.47%, reduced by 236 bps YoY. - Credit Cost excluding Management Overlay (₹50 Crores) stood at 0.99% 02 • XXDisbursement Growth Standalone: Disbursement ₹3,101 Crores, 28% growth YoY. Consolidated: Disbursement ₹3,697 Crores, 41% growth YoY. 01 Funding Standalone: - Raised ~₹2,630 Crores in this quarter via diversified debt instruments. - Marginal borrowing cost reduced by 65bps YoY to 10.28% in Q2FY27. 04 Updates Promoters committed ₹100 Crores by warrants, first tranche of ₹25 Crores already received by the company. 05 Q2FY27: Delivering Highest Profitability, Marking 21 Profitable Quarters in a row despite Industry Headwinds Q2FY27
Page 4
4 4 Leveraging Decades of Credibility for Future Value Creation A Legacy of Trust and Resilience { 17% AUM CAGR over a decade; 60% higher CAGR than Industry (11%) with Sustainable Profits TRUSTED TESTED TRANSFORMING ~34 Lakh Borrowers Building Trust Nationwide 36 Years of Resilience Resilience across economic cycles, industry transitions & market shifts Only MFI with Multiple Growth Engines Ecosystem: • Microfinance • MSME lending • Housing Finance • Equipment Financing • Green Financing • Supply Chain Financing • Technology • Deep Tech Cybersecurity • Category II AIF 3,271 4,067 5,757 7,068 8,174 8,379 7,617 9,115 11,850 12,784 15,174 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 CONSOLIDATED AUM (₹ Crores) Demonetization Covid MFI Industry Stress
Page 5
55 COMPANY OVERVIEW
Page 6
6 • Revenue growth outpacing AUM growth. • Housing and MSME driving diversification beyond the 80% MFI portfolio. AUM AND TOT AL REVENUE* (₹ Crores) AUM +99% | Rev +114% 7,617 9,115 11,850 12,784 15,174 1,376 1,542 2,223 2,488 2,948 FY22 FY23 FY24 FY25 FY26 AUM Total Revenue Q2FY27 AUM MIX 80% 20% MFI Non-MFI Why the franchise holds • Among India’s leading NBFC-MFIs – Fourth largest by AUM and customer base, with a pan-India presence. • Founded in 1990; listed on regional exchanges in 1996; listed on NSE and BSE since 2015. • Present in 32 states and UTs, ~1,14,000 villages. • Technology-led, rural-focused model differentiated by underwriting, distribution reach and diversified offerings. • Has a proprietary in-house ERP operational since FY17. Satin Creditcare: Evolving into Future-Ready Diversified Business Group (On a consolidated basis) *Revenue numbers are adjusted for MTM gains and changes due to forex movement for a more realistic depiction.
Page 7
7 Satin Housing Finance Ltd (WOS) Since Feb'18 Loans to own, purchase, construct, extend or repair houses AUM ₹1,219 Crores | 59 branches | Net Worth ₹370 Crores Satin Finserv Ltd (WOS) Since Mar'19 Sustainable and MSME loans, Equipment Financing, Green Financing, Supply Chain Financing Satin Technologies Ltd (WOS) Since Aug'24 HRMS and Loan Management platform; acquired a majority stake in QTrino, a deep tech cybersecurity company Net Worth ₹20 Crores Satin Growth Alternatives Ltd. (WOS) Since Aug'25 SEBI Category II AIF for inclusion, sustainability and impact; achieved its first close Scheme I ₹200 Crores | First Close Completed| Completed First Investment 68% stake Diversified Business Group with Multiple Growth Engines Beyond Microfinance AUM ₹1,761 Crores | 140 branches | Net Worth ₹460 Crores SATIN CREDITCARE NETWORK LIMITED AUM ₹13,608 Crores | 1876 branches | Net worth ₹3,437 Crores WOS – Wholly Owned Subsidiary
Page 8
8 Metrics FY27 Guidance Achievement till 30th Sept, 2026 Read-through Consolidated AUM Growth 20–25% 19%* (Annualised) Approaching Standalone Credit Cost 3.0–3.5% 2.8% Ahead Standalone ROA 3.5–4.0% 4.3% Ahead Consolidated AUM targeted to reach ₹32,000 Crores by FY-2030 : 52% of the Target Achieved Growing With Discipline: Satin’s FY27 Guidance vs Achievement Backed by Discipline and Consistency Fund Raises • 16 Fund raises since inception, with active promoter participation • Promoters committed ₹100 Crores by warrants, first tranche of ₹25 Crores already received by the company. NatCat Coverage ~19.4 lakh customers; ~78% of book covered Seasoned Management Team • Stable Leadership Team with 10+ years vintage; • Nil Attrition in Field Leadership comprising of 200 personnel at RM, ZM, Circle Head and Business Head levels. Strict Underwriting Guardrails • 34% sourcing to disbursement rate • Moved to Grameen Score • Pin Code based Assessment *H2 has seasonally higher growth
Page 9
9 An integrated digital journey designed for speed, control and scalable growth. ENABLING LAYER AI + Machine Learning + Data Science ACROSS THE LOAN LIFECYCLE 01 Acquire CUSTOMER ONBOARDING 02 Underwrite ASSESSMENT & APPROVAL 03 Disburse DIGITAL EXECUTION 04 Collect & monitor PAYMENTS & VISIBILITY Village surveys, Geotagging & real-time customer mapping Digital OGM* & group formation e-KYC: Iris, Facial Recognition and OTP Automated bureau checks & rule-based credit assessment AI-driven customer profiling Early-Warning Signals 100% Cashless disbursement Digital documentation Instant approval workflows QR, UPI, BBPS & Intent SMS Partner-assisted cash collection Real-time updates & reduced cash-handling risk BUSINESS VALUE Faster Turnaround Digital onboarding, instant checks Improved Portfolio Quality Automated checks, fraud control Cost Efficiency Paperless, centralized workflows Higher Collection Efficiency Superior tracking and controls Scalable Operating Model Technology-led expansion *OGM: Open General Meeting Technology That Strengthens Every Loan
Page 10
10 Originate & Assess Verify & Disburse Collect & Monitor› › 01 Field Verification Geo-tagged homes and location-tracked officer visits. Risk addressed: Fictitious borrowers 02 Household Credit Checks Bureau and co-applicant checks; lender and exposure limits. Risk addressed: Undisclosed debt 03 PIN-code Risk Assessment PIN Code-Level Risk Scoring with Early-Warning Indicators Risk addressed: Location-specific stress 04 Identity Authentication UIDAI verification and biometric e-signing at the branch. Risk addressed: Identity fraud 05 Direct Bank Disbursement 100% Cashless transfers to the borrower's own bank account. Risk addressed: Disbursement leakage 06 Dual Repayment Records Online and offline records, supported by staff rotation. Risk addressed: Collection leakage 07 Live Portfolio Monitoring Dashboard refreshed every two minutes. Risk addressed: Delayed risk detection 99.8% Current dues collected 1.9% Gross NPA ratio Field Discipline | Embedded Controls | Timely Portfolio Visibility The Operating Discipline Behind Satin's Asset Quality
Page 11
1111 Q2 & H1FY27 PERFORMANCE
Page 12
1212 +31% YoY ₹16,589 Crores AUM +41% YoY ₹3,697 Crores Disbursement +2% YoY ₹34 Lakhs+ Active Clients +21% YoY 2,075 Branches + 60bps YoY 14.6 % NIM * +31% YoY ₹933 Crores Total Revenue* +231% YoY ₹176 Crores PAT +347 bps YoY 5.5 % ROA# +1,797 bps YoY 27.7 % ROE # Snapshot Consolidated Q2FY27 *Revenue is adjusted for MTM gains and changes due to forex movement for a more realistic depiction #Excluding Management Overlay of ₹50 Crores created as a buffer
Page 13
1313 *Revenue is adjusted for MTM gains and changes due to forex movement for a more realistic depiction # Excluding Management Overlay of ₹50 Crores created as a buffer +23% YoY ₹13,608 Crores AUM +28% YoY ₹3,101 Crores Disbursement +2% YoY ₹33 Lakhs+ Active Clients +16% YoY 1876 Branches +137 bps YoY 15.8 % NIM * +28% YoY ₹816 Crores Total Revenue* +231% YoY ₹172 Crores PAT +388 bps YoY 6.0 % ROA# +1,652 bps YoY 25.0 % ROE # Snapshot Standalone Q2FY27 39 branches added in Q2FY27
Page 14
14 14 AUM (₹Crores) Disbursement (₹Crores) Active Clients (Lakhs) Branches NII (₹Crores) PPOP (₹Crores) PAT (₹Crores) Note: Q2FY26 and H1FY26 numbers have been regrouped. 14 16,589 3,697 xx 2,075 594 324 176 Q2FY27 34.1 xx 212 12,687 2,626 33.3 1,713 441 53 Q2FY26 21% 35% 53% 231% Y-o-Y 31% 41% 2% Q1FY27 15,935 3,495 34.0 2,041 514 267 123 16,589 7,192 xx 2,075 1,108 592 299 H1FY27 34.1 xx 413 12,687 4,868 33.3 1,713 852 98 H1FY26 21% 30% 43% 204% Y-o-Y 31% 48% 2% Q2 & H1FY27 Consolidated Highlights
Page 15
15 15 Key Ratios Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Q1FY27 QoQ FY26 Gross Yield1 23.0% 22.6% 22.2% 21.8% 21.3% 21.1% Cost of Funds1 8.3% 8.6% 8.2% 8.5% 8.1% 7.9% NIM1 14.6% 14.0% 14.0% 13.4% 13.2% 13.2% Operating Expense Ratio 6.6% 7.3% 6.5% 6.9% 6.3% 6.6% Loan Loss Ratio 2.2% 4.6% 2.5% 4.5% 2.7% 3.5% Adjusted Loan Loss Ratio2 1.0% 4.1% 1.8% 4.3% 1.8% 3.4% ROA 4.5% 1.7% 3.9% 1.6% 3.3% 2.6% Adjusted ROA2 5.5% 2.0% 4.4% 1.8% 4.0% 2.7% ROE 22.8% 8.2% 19.8% 7.6% 16.7% 12.3% Adjusted ROE2 27.7% 9.7% 22.2% 8.4% 20.4% 12.8% Leverage 3.8x 3.7x 3.8x 3.7x 4.0x 3.9x Cost to Income Ratio1 45.4% 51.9% 46.6% 51.5% 48.0% 49.9% Note: 1. Gross Yield, Cost of Funds, NIM and Cost to Income have been adjusted for MTM gains and changes due to Forex Movement for a more realistic depiction 2. Adjusted Credit Cost, Adjusted ROA and Adjusted ROE is excluding Management Overlay created as a buffer, amounting to ₹50 Crores (Q2FY27), ₹36 Crores (Q1FY27), ₹21 Crores (FY26) and ₹13 Crores (Q2FY26) • Forex borrowings are 100% hedged; • Q2FY26 and FY26 numbers have been regrouped. 15 Q2 & H1FY27 Consolidated Financial Highlights
Page 16
16 16Note: Q2FY26 and H1FY26 numbers have been regrouped. AUM (₹Crores) Disbursement (₹Crores) Active Clients (Lakhs) Branches NII (₹Crores) PPOP (₹Crores) PAT (₹Crores) 16 Q2FY27 13,608 3,101 33.1 1,876 533 311 172 Q1FY27 13,312 3,008 33.1 1,863 465 258 120 Q2FY26 11,044 2,421 1,616 398 200 52 32.4 Y-o-Y 28% 23% 16% 34% 231% 56% 2% 13,608 6,109 xx 1,876 998 570 292 H1FY27 33.1 xx 389 11,044 4,487 32.4 1,616 769 94 H1FY26 16% 30% 46% 209% Y-o-Y 23% 36% 2% Q2 & H1FY27 Standalone Highlights
Page 17
17 17 Key Ratios Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY Q1FY27 QoQ FY26 Gross Yield1 24.3% 23.1% 23.4% 22.3% 22.5% 21.6% Cost of Funds1 8.4% 8.7% 8.3% 8.5% 8.2% 8.0% NIM1 15.8% 14.5% 15.1% 13.7% 14.3% 13.6% Operating Expense Ratio 6.6% 7.2% 6.5% 6.8% 6.3% 6.5% Loan Loss Ratio 2.5% 4.8% 2.8% 4.8% 3.1% 3.8% Adjusted Loan Loss Ratio2 1.0% 4.4% 2.0% 4.6% 2.0% 3.7% ROA 4.9% 1.8% 4.3% 1.6% 3.6% 2.5% Adjusted ROA2 6.0% 2.1% 4.8% 1.8% 4.3% 2.6% ROE 20.6% 7.2% 17.8% 6.6% 15.1% 10.1% Adjusted ROE2 25.0% 8.5% 20.1% 7.3% 18.5% 10.6% Leverage 2.9x 2.9x 2.9x 2.9x 3.2x 3.1x Cost to Income Ratio1 41.6% 49.8% 42.9% 49.4% 44.5% 48.0% 1717 Note: 1. Gross Yield, Cost of Funds, NIM and Cost to Income have been adjusted for MTM gains and changes due to Forex Movement for a more realistic depiction 2. Adjusted Credit Cost, Adjusted ROA and Adjusted ROE is excluding Management Overlay created as a buffer, amounting to ₹50 Crores (Q2FY27), ₹36 Crores (Q1FY27), ₹21 Crores (FY26) and ₹13 Crores (Q2FY26) • Forex borrowings are 100% hedged; • Q2FY26 numbers have been regrouped. Q2 & H1FY27 Standalone Financial Highlights 17
Page 18
18 18Note: . * Revenue is adjusted for MTM gains and changes due to forex movement for a more realistic depiction ; FY26 financial numbers have been regrouped AUM (₹ Crores) DISBURSEMENT (₹ Crores) TOTAL INCOME* (₹ Crores) 11,044 11,482 12,853 13,312 13,608 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 2,421 2,896 3,820 3,008 3,101 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 637 647 720 734 816 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 398 408 469 465 533 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 2,917 2,988 3,129 3,243 3,437 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 200 210 256 258 311 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 NII (₹ Crores) PPOP (₹ Crores) NET WORTH (₹ Crores) 18 23% 28% 28% 34% 56% 18% Standalone Quarterly Progress (1/3)
Page 19
19 19 1,616 1,817 1,841 1,863 1,876 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1.5 1.9 2.5 2.2 1.9 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 BRANCHES NEW CLIENTS ADDED (Lakhs) 16% 30% 1.5 1.6 2.1 1.6 1.7 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 19 DISBURSEMENT / BRANCH (₹ Crores) 10% Standalone Quarterly Progress (2/3) AUM / BRANCH (₹ Crores) 6.8 6.3 7.0 7.1 7.3 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1.06 1.10 1.29 1.39 1.39 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 31% AUM / LOAN OFFICER (₹ Crores) CLIENTS / LOAN OFFICER 349358 340 305 319 Q2FY27Q1FY27Q4FY26Q3FY26Q2FY26 9% 7%
Page 20
20 20 23.2% 23.0% 23.7% 22.5% 24.3% 8.7% 8.5% 8.2% 8.2% 8.4% 14.5% 14.5% 15.4% 14.3% 15.9% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 MARGIN ANAL YSIS (%) Gross Yield Financial Cost NIM 4.8% 4.2% 2.5% 3.1% 2.5% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 CREDIT COST (%) 4 7.2% 7.0% 7.0% 6.3% 6.6% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 OPEX TO AVG AUM (%) 26.5% 24.8% 25.4% 26.7% 27.9% 1.8% 2.3% 4.3% 3.6% 4.9% 7.2% 9.6% 17.9% 15.1% 20.6% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 RETURN RATIOS AND CAPIT AL ADEQUACY (%) Capital Adequacy Ratio ROA ROE 20 Note: 1. Gross Yield, Cost of Funds and NIM have been adjusted for MTM gains and changes due to Forex Movement for a more realistic de piction. 2. Forex borrowings are 100% hedged ; 3. OPEX to Avg AUM is elevated on account of branch expansion ; 4. FY26 financial numbe rs have been regrouped ; 5. Credit cost looks inflated and ROA & ROE are suppressed due to management overlay of ₹50 Crores 20 Standalone Quarterly Progress (3/3)
Page 21
21 21 3.5% 3.3% 3.1% 2.2% 1.9% 4.2% 3.7% 3.4% 2.4% 2.2% 4.9% 4.1% 3.6% 2.6% 2.5% 5.8% 4.7% 3.7% 3.0% 2.9% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 PAR 90 PAR 60 PAR 30 PAR 1 PAR TREND NNPA & COVERAGE RATIO 3.5% 3.3% 3.1% 2.2% 1.9% 1.2% 1.1% 0.9% 0.3% 0.2% 2.3% 2.2% 2.3% 1.8% 1.8% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA NNPA ECL% (90+) Overall Coverage Ratio Above numbers are on a cumulative basis. • 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 1.9% i.e. ₹197 Crores • Of the total ₹346 Crores in slippages recorded over the 12 months since September 30, 2025, H1FY27 accounted for just one-third, compared with two-thirds in the preceding six months, highlighting a significant moderation in slippages during the current half-year • Management overlay of ₹50 Crores to act as buffer for future stress • Stage 3 coverage ratio is 91% as on 30th Sep’26 vs 85% as on 30th Jun’26. ECL as on 30th Sep’26 is ₹181 Crores • Stage 2 coverage ratio is 62% as on 30th Sep’26 vs 21% as on 30th Jun’26 • Recovery against write-offs ₹16 Crores during H1FY27 • Sufficient on-book provisions of ₹263 Crores as on 30th Sep’26, which is 2.6% of on-book portfolio. Provision required as per RBI is ₹152 Crores • Overall Provision Coverage Ratio is healthy at 133% 115%92%95%105% Asset Quality and Provisions 133%
Page 22
22 22 • A broad funding base comprising funds raised via diversified debt instruments, 73% debt raised from banks - funds growth without concentration. • As of September 30, 2026, debt stood at ₹10,033 crore, registering 38% growth over FY24. Product Wise 53% 23% 14% 11% 0.2% Term loan & PTC DA NCD ECB Lender Wise 73% 12% 6% 10% Banks Overseas fund NBFC DFI 7,269 7,887 9,600 10,033 Mar-24 Mar-25 Mar-26 Sep-26 Total Debt (₹ Crores)Funding Source 80% 20% Domestic Foreign Built On A Strong & Balanced Funding Base Benefit of Positive ALM Continues A sustained positive ALM gap strengthening liquidity, reducing refinancing risk and supporting debt servicing without reliance on external liquidity, reinforcing investor confidence Data as on 30th Sept 2026 18.2 17.8 17.1 18.0 18.0 25.9 27.7 27.0 25.9 26.8 FY23 FY24 FY25 FY26 Sep'26 Avg. maturity of Assets Avg. maturity of Liabilities (In no. of months)
Page 23
23 23 CREDIT RATING • Long Term Rating: “A (Stable)” by ICRA • Short Term Rating: “A1” by ICRA • Short Term Rating of A1+ by BWR • MFI Grading: M1 by SMERA • ESG: Debut score of 59 in S&P CSA Our Impact Debt Partners Top 10 Lending Partners % Share Union Bank Of India 10.3% Bank Of Maharashtra 9.5% State Bank Of India 6.5% IDFC First Bank Limited 5.6% HSBC 5.6% Bandhan Bank 5.6% Blue Orchard* 3.3% SIDBI 3.2% Axis Bank Limited 3.1% Bank Of Baroda 2.7% Total 55.4% LARGE LENDER BASE 69 Active Lenders Diversified Lender Base And Sound Credit Ratings Data as on 30th Sept 2026
Page 24
2424 421 529 577 608 26 29 32 FY24 FY25 FY26 H1-FY27 Districts States 2,075 No. of Branches 143 No. of Regional Offices 608 No. of Districts 4.1 Lakhs No. of Centres 98.5% Districts with <1% exposure 33.4 32.9 32.8 33.1 FY24 FY25 FY26 H1-FY27 CLIENTS (LAKHS) 34.7 EMPLOYEES & LOAN OFFICERS 11,363 15,189 16,212 16,535 FY24 FY25 FY26 H1-FY27 12,896 16,705 33.6 & UTs No. of Branches Top 4 States (55%) Next 6 States/UTs (28%) Remaining 22 States/UTs (17%) 2 2 114 73 7 25 382107 233 1 196 9 1854 36 16256 98 44 64 52 31 1 88 190 4 6 2 PRESENCE ACROSS 27 ST ATES AND 5 UTs DISTRICTS, ST ATES AND BRANCHES Branches 32 33.7 18,265 17 1 34.1 18,978 Reach has grown to 608 districts and 32 states and UTs while 99% of districts each carry under 1% of exposure - breadth without concentration. A wider footprint with a steady ~34 lakh client base and a 47% larger workforce since FY24 Diversified Geographical Presence 2075201515681393 1.14 Lakhs No. of Villages
Page 25
25 25 Particulars On-book Portfolio (₹ Crores) % of On-book Portfolio X Bucket CE % Q2 FY27 PAR 90 Uttar Pradesh 2,289 23% 99.7% 1.8% Assam 1,585 16% 99.9% 0.4% Bihar 1,265 12% 99.8% 2.1% West Bengal 1,071 11% 99.9% 2.7% Madhya Pradesh 621 6% 99.5% 3.4% Punjab 443 4% 99.8% 0.9% Others 2,883 28% 99.6% 2.4% Total 10,157 100% 99.8% 1.9% Consistent improvement in asset quality due to robust underwriting and credit discipline Geographic Strength Supports Overall Portfolio Resilience Decline in PAR 90 quarter on quarter reflects recovery phase of the sector, improving risk management and controlled delinquencies Geographical Insulation Negligible Exposure To Stressed States - Karnataka 1% & Maharashtra 1% Deep-rooted Core Markets UP 23%, Assam 16% & Bihar 12% Improving Performance Across Geographies
Page 26
2626 ANNEXURES
Page 27
27 27 Particulars Satin Creditcare Network Ltd. Satin Housing Finance Ltd. Satin Finserv Ltd. Product Features as of Sept’26 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 SEB, MEB, Supply Chain Financing, Green Financing & Equipment Financing Ticket Size Range Upto ₹2,00,000 ₹1,00,000 – 40,00,000 Upto ₹20,00,00,000 Tenure 6 - 48 months 24 - 240 months Upto 60 months Frequency of Collection Bi-Weekly Monthly Monthly/Quarterly No. of States/UTs 30 22 16 No. of Branches 1,876 59 140 AUM (₹ Crores) 13,231(2) 1,219 1,761(3) No. of loan accounts 34,04,625 12,770 83,558 Avg. Ticket Size for Q2FY27 ₹68,000 (JLG) ₹7,43,000 ₹1,95,000 (Retail) GNPA 1.9% 3.3% 3.1% CRAR 27.9% 57.7% 26.9% Active Lenders 69 33 39 Credit Rating ICRA A (Stable) ICRA A- (Stable) ICRA A- (Stable) 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 ₹378 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 ₹26 C rores Diversified Lending Businesses: Products, Scale & Performance
Page 28
28 28 Particulars Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% AUM (₹ Crores) 16,589 12,687 31% 15,935 4% SCNL 13,608 11,044 23% 13,312 2% On-book 10,157 8,321 22% 10,035 1% Off-book 3,451 2,723 27% 3,277 5% SHFL 1,219(3) 1,022(2) 19% 1,263(1) -3% SFL 1,761(5) 621 184% 1,360(4) 29% MSME 1,735 590 194% 1,334 30% AUM Mix (₹ Crores) 16,589 12,687 31% 15,935 4% MFI Lending 13,257 10,840 22% 12,882 3% Business Correspondence 26 31 -16% 26 - MSME 2,113 825 156% 1,790 18% Housing Finance 1,219 1,022 19% 1,263 -3% No. of Branches 2,075 1,713 21% 2,041 2% SCNL 1,876 1,616 16% 1,863 1% SHFL 59 43 37% 57 4% SFL 140 54 159% 121 16% 1) Includes assigned portfolio of ₹228 Crores ; 2) Includes assigned portfolio of ₹182 Crores 3) Includes assigned portfolio of ₹238 Crores; 4) Includes assigned portfolio of ₹74 Crores 5) Includes assigned portfolio of ₹95 Crores Business Overview: Scale, AUM Mix & Reach
Page 29
2929 Independent Global Validation Key ESG Capabilities Institutionalized ❑ 36 Years of Robust Governance, Risk oversight & Ethical Conducts ❑ Inclusive Finance & Social Impact deeply Embedded in Portfolio ❑ Structured Materiality & Stakeholder Mapping & GHG Accounting ❑ 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 ✓ Benchmarked against global peers, highlights our ability to translate policy frameworks into consistent execution ✓ S&P Global CSA Score: 59 | First Attempt Assessment – Translating Purpose intro Progress SOCIAL •Advancing financial inclusion for ~33 lakh clients, ~97% of whom are women, with ~78% rural portfolio exposure. •Enabling access to water and sanitation through ₹87 Crores in WASH loans disbursed to women in FY26. •Promoting workplace health and safety through interactive and trainings covering 90.97% of employees. •Building awareness of human rights through training across the entire workforce. ENVIRONMENT ▪ Solar-powered corporate office: A 100 kW rooftop solar installation meets ~20% of daily electricity needs, complemented by wastewater recycling of approximately 1,000 litres daily. ▪ Enabled paperless lending : ~15 lakh+ digitally executed loan agreements in FY26. ▪ Promoted cleaner energy and household efficiency through the sale of 14,645 solar torches and 19,602 induction cooktops during FY26. • 67% independent Board—4 of 6 directors. • 11 Board meetings; 94.28% attendance during FY26. • CSR and ESG stewardship through Board-level committees, supported by annually reviewed policies and practices. • Maintained ISO 27001:2022 certification for information security management. GOVERNANCE CSR ▪ Strengthened livelihoods for 1,000 women through sewing machines and skills training in FY26. ▪ Expanded access to education through scholarships and girls’ hostel support at GNA University, benefiting 74 girls from vulnerable communities through the hostel initiative in FY 26. ▪ ₹7.97 Crores committed to CSR initiatives, supporting community development and inclusive growth for FY27. ESG – Translating Purpose into Progress
Page 30
30 30 Note: 1. Forex borrowings are 100% hedged 2. Opex elevated on account of branch expansion 3. Q2FY26 and H1FY26 numbers have been regrouped 4. Interest Income and Finance cost are adjusted for MTM gains and changes due to Forex Movement for a more realistic depiction Income Statement (₹ Crores) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Interest Income 733 590 24% 693 6% 1,426 1,186 20% DA Income 134 70 91% 94 42% 228 119 91% Less: Finance Cost 339 270 26% 313 8% 653 539 21% Add: Other Income 67 52 29% 40 68% 107 86 24% Net Interest Income 594 441 35% 514 16% 1,108 852 30% Less: Operating Expenses 270 229 18% 247 10% 516 439 18% Less: Credit Cost 90 143 -38% 106 -16% 196 286 -32% Profit Before Tax 235 69 242% 161 46% 396 127 212% Less: Tax 59 16 39 97 29 Profit for the Period 176 53 231% 123 43% 299 98 204% 30 Consolidated Income Statement
Page 31
31 313131 Income Statement (₹ Crores) Q2FY27 Q2FY26 Y-o-Y Q1FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Interest Income 638 533 20% 613 4% 1,251 1,072 17% DA Income 125 64 96% 92 36% 218 109 99% Less: Finance Cost 283 238 19% 269 5% 552 477 16% Add: Other Income 53 39 35% 28 86% 81 64 26% Net Interest Income 533 398 34% 465 15% 998 769 30% Less: Operating Expenses 222 198 12% 207 7% 429 380 13% Less: Credit Cost 83 133 -37% 100 -17% 183 268 -31% Profit Before Tax 228 67 241% 158 45% 386 121 218% Less: Tax 57 15 38 94 27 Profit for the Period 172 52 231% 120 43% 292 94 209% Note: 1. Forex borrowings are 100% hedged 2. Opex elevated on account of branch expansion 3. Q2FY26 and H1FY26 numbers have been regrouped 4. Interest Income and Finance cost are adjusted for MTM gains and changes due to Forex Movement for a more realistic depiction 31 Standalone Income Statement
Page 32
32 32 Price Data ₹ Face Value 10 Market Price 232 52 Week H/L 274/136 Market Cap (₹ Crores) 2,565 Equity Shares Outstanding (Crores) 11 1 Year Avg Trading Volume (‘000) 481 No. of Equity Shareholders 34,289 Book Value per share 287 Price data as on 30th Sept 2026 NSE: SATIN BSE: 539404 BLOOM: SATIN:IN QUARTERLY SHARE PRICE (₹) +60% YoY 145.13 143.60 143.64 245.90 232.10 Sep'25 Dec'25 Mar'26 Jun'26 Sep'26 Capital Market Information 36.2% 22.5% 19.1% 11.1%6.2% 4.9% SHAREHOLDING PATTERN AS ON 30th SEP , 2026 Promoter Bodies Corporate Public Florintree Ventures LLP DII FII
Page 33
33 Term Definition Assets Under Management (AUM) Total value of the loan portfolio including on and off-balance sheet assets Capital to Risk-Weighted Assets Ratio (CRAR) Ratio of Tier I and Tier II Capital to Risk Weighted Assets Financial Cost Ratio Interest expense in the period to Average AUM Gross NPA (GNPA) Stage III loan outstanding at period end Gross Yield Total Income in the period to Average AUM Leverage Ratio Total borrowings to Net Worth Loan Loss Ratio Credit Cost (including FLDG on BC) to Average AUM Term Definition Net Interest Margin Gross Yield less Financial Cost ratio Net NPA (NNPA) Stage III outstanding net of ECL provision against Stage III loans Operating Expenses Ratio Operating Expenses (incl. depreciation, excl. Credit Cost and Interest) to Average AUM Return on Assets (ROA) PAT to Average Total Assets Return on Equity (ROE) PAT to Average Equity Group Entities SCNL: Satin Creditcare Network Limited; SHFL: Satin Housing Finance Limited; SFL: Satin Finserv Limited; SGAL: Satin Growth Alternatives Limited. Glossary of Key Terms
Page 34
34 34 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 3507 5100 Email: satin@valoremadvisors.com To access the Investor Kit link and/or request a meeting click here: https://wwwˌvaloremadvisorsˌcom/satin Ms. Aditi Singh Satin Creditcare Network Limited Tel: +91 124 4715 400 Email: aditi.singh@satincreditcare.com Ms. Shilpa Bajaj Satin Creditcare Network Limited Tel: +91 124 4715 400 Email: shilpa.bajaj@satincreditcare.com Disclaimer
Page 35
3535 Thank You Dream Big… Deliver Bigger…