Esaf Small Finance Bank Limited · NSE:ESAFSFB
Esaf Small Finance Bank — Q2 FY2027 Earnings Presentation
46 slides from Esaf Small Finance Bank's earnings presentation, Oct 29, 2026
Slide 1: Exchange filing cover letter
Ref No: 17/SE/CS/OCT/2026-27 Date: October 29, 2026 To, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block Bandra- Kurla Complex Bandra(E),
Slide 2: Investor Presentation | Q2 FY2027
Investor Presentation | Q2 FY2027 October 2026
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ESAF Small Finance Bank Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Key Highlights – Q2 FY2027
Key Highlights – Q2 FY2027 Total Business * Net Interest Income Operating Profit Net profit Net NPA ₹ 53,450 Crore ₹ 643 Crore ₹ 362 Crore ₹ 160 Crore 0.3% Gross Advances Yield on Advances GNPA RoA/RoE ₹ 23,934 Crore 17.5% ₹ 679 Crore 1.5%/26.5% ₹ 19,137 Crore (Q2 FY26) 15.4% (Q2 FY26) ₹ 1,635 Crore
Slide 5: Deposits
Deposits
Slide 6: Deposit Profile (1/2)
25,475 Deposit Profile (1/2) Total Deposits (₹ Crs) CASA and Term Deposit (₹ Crs) 26.4% 25.1% 23.9% 23.4% 23.3% 28,466 26,924 21,821 25,850 20,627 19,670 24,006 17,976 22,894 16,848 6,046 6,030 6,181 6,297 6,645 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Term Deposits CASA
Slide 7: Deposit Profile (2/2)
Deposit Profile (2/2) Cost of Funds and Cost of Deposits (%) State Wise Deposit Mix (September-26) Kerala 71% 7.4 Maharashtra 5% 7.3 7.2 7.2 7.1 Tamil Nadu 5% 7.3 7.2 New Delhi 5% 7.1 7.0 7.0 Madhya Pradesh 3% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Others 11% Cost of Funds Cost of Deposits Retail Deposi
Slide 8: Advances
Advances
Slide 9: Total Gross Advances Mix
Total Gross Advances Mix Total Gross Advances Mix (₹ Crs) 24.3 26.2 27.9 28.3 28.8 • Total Gross Advances grew by 25% on YoY basis and 19,137 20,679 22,426 23,216 23,934 3% on QoQ basis 1,704 • Secured Advances grew by 32% YoY and make up 64% 2,366 551 of the portfolio as of September 2026 3,206 594
Slide 10: M.A.R.G Strategy – Road towards sustainable growth with a de-risked business
M.A.R.G Strategy – Road towards sustainable growth with a de-risked business Gross Advances of MARG portfolio (₹ Crs) and its contribution (%) Total GNPA (%) of MARG portfolio 22% 43% 53% 58% 0.2 0.2 0.2 0.3 13,938 11,932 Mar-24 Mar-25 Mar-26 Sep-26 7,996 Yield on Advances (%) of MARG portfolio 4,05
Slide 11: M.A.R.G – Gold and Retail contributing steady growth
M.A.R.G – Gold and Retail contributing steady growth Gross Advances (₹ Crs) Asset Quality (₹ Crs) 11,514 11,932 12,909 13,938 69 10,133 56 55 54 61 GNPA 749 628 407 512 600 381 2,326 452 393 2,172 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 451 1,881 2,080 441 1,085 1,741 SMA 0 SMA 1 294 272 110 105 26 196 1
Slide 12: Micro Finance – Legacy group loans
Micro Finance – Legacy group loans Gross Advances (₹ Crs) Asset Quality (₹ Crs) 4,844 3,721 3,206 2,366 1,704 1,076 772 799 813 343 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA Yield on Advances (%) 115 23.5 23.8 24.5 91 20.3 18.9 74 78 52 40 44 34 16 20 19 15 19 13 22
Slide 13: Emerging Household (EH) segment
Emerging Household (EH) segment Gross Advances of EH portfolio (₹ Crs) and its contribution (%) The Emerging Household (EH) segment 29% 32% comprises customers who have progressed beyond traditional microfinance and are ready 7,740 to access a wider range of banking products and financial solutions.
Slide 14: Loans to Emerging Household (EH) segment
Loans to Emerging Household (EH) segment Gross Advances (₹ Crs) Asset Quality (₹ Crs) 494 3,314 4,582 6,421 7,347 7,740 326 343 362 244 GNPA 313 261 593 224 715 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 653 165 72 554 60 SMA 0 135 44 37 47 50 6,834 38 40 41 37 6,371 33 27 SMA 1 597 20 20 25 5,544 SMA 2 3,8
Slide 15: Corporate Lending
Corporate Lending Gross Advances (₹ Crs) Asset Quality (₹ Crs) 846 862 867 594 551 23 17 17 13 9 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA Yield on Advances (%) 7 5 4 10.4 10.5 10.3 10.9 10.4 0 0 0 0 0 0 0 0 0 0 0 0 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4
Slide 16: Stable credit cost and increasing secured mix
Stable credit cost and increasing secured mix Credit Cost (%) *# Secured & Unsecured Mix (%) 5.6 5.1 61 63 61 62 64 4.1 4.4 2.6 39 37 39 38 36 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Unsecured Mix Secured Mix (82%) (90%) Gross Advances by States (September-26) Majority
Slide 17: Asset Quality
Asset Quality
Slide 18: Asset Quality
Asset Quality GNPA & NNPA (%) PCR (%) 8.5 94.0 85.5 5.6 5.4 5.4 74.4 69.0 3.8 2.7 2.8 53.8 1.8 0.8 0.3 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA NNPA • PCR for Q3FY26 had reduced on account of transfer of NPA portfolio having higher provisions to ARC NPA Movement (₹
Slide 19: Capital Adequacy
Capital Adequacy Total Assets & Risk Weighted Assets (₹ Crs) Capital Adequacy (%) 33.4% 33.2% 34.7% 33.7% 34.3% 23.9 24.1 22.4 22.7 22.2 32,690 30,868 31,429 29,137 27,129 16.9 17.0 15.9 15.9 14.7 9,684 10,701 10,584 11,197 9,073 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27
Slide 20: Key Financial Metrics
Key Financial Metrics
Slide 21: Key Profitability Metrics
Key Profitability Metrics Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 643 584 269 518 248 432 201 213 372 145 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 349 362 160 253 241 80 303 7 24 233 23
Slide 22: Key Profitability Ratios
Key Profitability Ratios Margins# (%) Cost to Income (%) 17.2 17.5 81.7 16.8 15.4 15.7 71.0 66.4 58.1 57.7 7.9 8.2 5.9 6.1 6.5 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Yield on Advances NIMs * Q3FY26 – Adjusted for one time income of 69 cr. on account of transfer of NPA
Slide 23: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ Crs) Q2FY27 Q1FY27 Q-o-Q Q2FY26 Y-o-Y H1FY27 H1FY26 Y-o-Y Interest Income 1,174.71 1,097.77 7.0% 819.82 43.3% 2,272.49 1,648.05 37.9% Interest Expense 531.46 513.69 3.5% 448.03 18.6% 1,045.16 898.38 16.3% Net Interest Income 643.25 584.08 10.1% 371.79 73.0% 1,2
Slide 24: Balance Sheet
Balance Sheet Particulars (₹ Crs) Sep-26 Mar-26 Mar-25 Mar-24 CAPITAL AND LIABILITIES Capital 516.12 515.66 515.43 514.78 Employee Stock Option Outstanding 3.96 6.49 4.04 5.68 Reserves and Surplus 1,507.12 1,264.38 1,429.58 1,971.33 Deposits 28,465.63 25,850.16 23,276.44 19,867.80 Borrowings 1,783.6
Slide 25: Company Overview
Company Overview
Slide 26: A social business driven by providing “Joy of Banking” to customers
A social business driven by providing “Joy of Banking” to customers Vision Mission "To be India’s leading social bank that offers ESAF Small Finance Bank, promoted by Dr. Kadambelil Paul Thomas and ESAF "To provide responsive banking services to Financial Holdings, began operations on March 10, 2017
Slide 27: Shareholding Structure – As on 30 September, 2026
Shareholding Structure – As on 30 September, 2026 Promoter Shareholding structure Total Shareholding structure 0.2% 3.4% 4.7% Dr Kadambelil Paul ESAF Financial Holdings ESMACO & Others 1 Thomas Private Limited 6.04% 52.81% 4.37% 28.5% 63.2% 63.22% Promoters Retail Shareholders Corporate Bodies Insur
Slide 28: Pan India Presence
Pan India Presence ESAF SFB has a large national footprint with presence in 24 states & 2 UTs Split of banking outlets across locations + 1 crore Total Customers 10% 11% 1 1 6 52% 6 58% Customers in rural and semi- 11 21% urban areas 15 6 2 11 18 2 3 69% 11 Banking outlets in rural and 72 17 Semi Ur
Slide 29: Journey So Far
Journey So Far 2026 • Crossed milestone of +1 crore customers • Total Business of ₹ 50,000+ crores 2024 2025 • Operationalisation of Authorised Dealer Category 1 Licence (Foreign Exchange operations) • Presented with the Most Sustainable Companies Award in BFSI at BT India’s • Tied up with Edelweiss
Slide 30: Multi-Nodal Delivery Channels
Multi-Nodal Delivery Channels Banking Outlets Digital Banking o Provision for full-fledged o Multiple channels for servicing the banking product & services o Application (compatible with Android customers in an efficient manner o Branch Operations and iOS) that connects with the National o Customer
Slide 31: Technology Driven Model With An Advanced Digital Technology Platform
Technology Driven Model With An Advanced Digital Technology Platform ESAF SFB has continuously worked towards improving its customers’ experience through the use of technology. Such initiatives have enabled the Bank to deliver improved customer service in a cost-effective manner DIGITAL MEASURES DIG
Slide 32: Clearly Articulated Strategy
Clearly Articulated Strategy 1 Increase Deposits 2 Increase Advances 3 Deeper Penetration o Target new & existing customers for o Micro Finance Business: o Open additional Branches, ATMs CASA, fixed deposits and recurring • Appoint new BCs and have its banking agents start to source customers. along
Slide 33: ESG Rating and ESAF SFB’s social business strategy
ESG Rating and ESAF SFB’s social business strategy MoU with KILA CareEdge ESG Ratings upgrades score to 77.6 from 75.4 last year • ESAF SFB has received one of the highest ESG Ratings at 77.6 in the Indian Banking sector as compared to Industry median of 63.3 • Bank has been rated higher than the in
Slide 34: MSME Utsav and Financial Literacy Programs
MSME Utsav and Financial Literacy Programs Conducted at various branches and offices to promote MSME development and entrepreneurship. Financial & Digital Literacy 636 Programs Conducted during Q2 FY 2026-27 7,926 Participants Reached SAVED 33
Slide 35: Annexures
Annexures
Slide 36: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Gross Advances (₹ Crs) Disbursements (₹ Crs) 23,934 42,530 22,426 18,772 18,779 14,118 20,983 17,013 16,608 14,691 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 Total Deposits (₹ Crs) CASA & Term Deposits (₹ Crs) 28,466 25,850 21,821 23,276 19,670 19,86
Slide 37: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend ROA* (%) NIM* (%) 1.9 11.0 1.6 1.5 10.4 8.0 8.2 6.4 -0.6 -1.9 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 ROE* (%) Cost to Income (%) 26.5 19.4 20.3 77.9 71.6 57.9 58.6 57.9 -9.1 -22.8 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 *Annualize
Slide 38: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend GNPA (%) NNPA (%) 6.9 5.4 3.0 4.8 2.3 1.8 2.5 2.8 1.1 0.3 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 PCR (%) CRAR (%) 94.0 24.1 23.3 22.2 80.5 21.8 19.8 65.2 69.0 56.7 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 37
Slide 39: Key Financial Metrics - Annual Trend
Key Financial Metrics - Annual Trend Net Interest Income (₹ Crs) Non-Interest Income (₹ Crs) 2,370 811 2,047 1,836 1,700 442 472 1,147 288 208 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Pre-Provision Operating Profit (₹ Crs) Profit /Loss After Tax (₹ Crs) 1,163 426 302 894 712 55 557 492 -166
Slide 40: Profit & Loss Statement – Annual Trend
Profit & Loss Statement – Annual Trend Particulars (₹ Crs) FY26 FY25 FY24 FY23 FY22 Interest Income 3,537 3,858 3,818 2,854 1,940 Interest Expense 1,837 1,811 1,449 1,017 793 Net Interest Income 1,700 2,047 2,370 1,836 1,147 Other Income 811 472 442 288 208 Net Total Income 2,511 2,519 2,812 2,124 1
Slide 41: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Karthikeyan Manickam Kadambelil Paul Thomas Part-time Chairman & Non-Executive Independent Director Managing Director and Chief Executive Officer o Doctorate from Kerala Agriculture University and Vels University Chennai o Master’s degree in Science
Slide 42: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ajay Sharma Biju Varkkey Non-Executive Independent Director Non-Executive Independent Director o Master’s degree in Business Administration in Finance from R A Poddar Institute o Master’s degree in Personnel Management and Industrial relation from M
Slide 43: High Quality Board At The Helm Of The Organization
High Quality Board At The Helm Of The Organization Ashok Tukaram Dhamankar Hari Velloor Non-Executive Independent Director Non - Executive Director o ACA from Institute of Chartered Accountants in England and Wales , Member of o Master's degree in arts (Political Science) from Madurai Kamaraj Univer
Slide 44: Highly experienced team of qualified & experienced professionals
Highly experienced team of qualified & experienced professionals Name & Designation Qualification Prior Associations Bosco Joseph o General manager in the HR & Administration department of ESAF o LLB with specialization with Labour Laws Executive Vice President- Inclusive & Microfinance and Investme
Slide 45: Awards & Recognitions – Annual Trend
Awards & Recognitions – Annual Trend 2020 - 21 2021 -22 2022 - 23 2023 - 24 2024 - 25 2025 -26 o Outstanding Achievement Award o Secured the “Most Impactful o ‘Global Sustainability Award o Semi Finalist at the SKOCH o ‘Small Finance Bank of the o ‘Excellence in Customer at the Outreach Programme So
Slide 46: For Investor queries
For Investor queries Mr. Ranjith Raj P [email protected] Email: [email protected] Mr. Swapnil Moray [email protected] Email: [email protected] www.esaf.bank.in Website: www.esaf.bank.in
ESAF Small Finance Bank — Q2 FY2027 Earnings Presentation on 6ix