Indostar Capital Finance Limited · NSE:INDOSTAR
Indostar Capital Finance — Q2 FY2027 Earnings Presentation
75 slides from Indostar Capital Finance's earnings presentation, Oct 29, 2026
Slide 1: Covering letter to stock exchanges
INDOSTAR ICFL/LS/0128/2026-27 Date: October 29, 2026 BSE Limited National Stock Exchange of India Limited Listing Department, 1st Floor, Exchange Plaza, C-1, Block G, P J Towers, Dalal Street, Fort, Bandra Kurla Complex, Bandra, Mumbai - 400 001. (E), Mumbai – 400 051. Scrip Code: 541336 Symbol: IND
Slide 2: IndoStar Capital Finance Investor Presentation September 2026
INDOSTAR CAPITAL FINANCE Investor Presentation | September 2026
Slide 3: Safe Harbor
Safe Harbor .,,; INDOSTAR "Your Poth To A BrttrrLl/r" This presentation and the accompanying slides (the “Presentation”), which have been prepared by IndoStar Capital Finance Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation o
Slide 4: Index
INDEX .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Company Overview 01 Business Performance Update 02 Vehicle Finance 03 Micro LAP 04 Asset Quality 05 Borrowing Profile 06 Financial Parameters 07 Standalone Financial Performance 08 Credit, Collection, Information Technology & Risk Management 09 Ownersh
Slide 5: Company Overview
Company Overview
Slide 6: Built to Leap Forward
BUILT TO LEAP FORWARD FY26 was the take-off. In Q2FY27, the flight is under way.
Slide 7: Transformation Journey: Runway, Take-off, Flight
Transformation Journey: Runway, Take-off, Flight .,,; INDOSTAR "'Your Path To A Bntrr Ufe" RUNWAY | FY24–FY25: Rebuild TAKE-OFF | FY26: Reset FLIGHT | FY27 onwards : Scale • Credit processes overhauled; system-level • Housing finance subsidiary divested; • Verticalised VF: CV, PV, CE and FE controls
Slide 8: Strong Fundamentals, Built to Leap
Strong Fundamentals, Built to Leap .,,; INDOSTAR "'Your Path To A Bntrr Ufe" 1 1 Two large, underserved markets 2 Secured, granular, high-yield book ₹11 lakh cr 17.6% 2 Vehicle finance market by Mar-27E, plus a Yield on loan assets; ₹67.6 lakh cr MSME credit pool for Micro LAP NIM up from 7.6% to 8.
Slide 9: Defining our Purpose: Vision, Mission & Values
Defining our Purpose: Vision, Mission & Values .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Our Vision Our Mission “Partner with our customers on their journey to “To be a major financial service provider to our target financial success.” customers through empowered happy employees, and deliver a compe
Slide 10: Transforming NBFC: Retail Centric & Tech Driven
Transforming NBFC: Retail Centric & Tech Driven .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Retail-led NBFC focused on Vehicle Finance and Micro LAP Asset quality preservation through disciplined underwriting, proactive collections, and tech-led monitoring .' . ,- - - ·-·-·- - -\ . <@ . \ . ·.@·//-·-·
Slide 11: Strong National Footprint: Ready to Scale
Strong National Footprint: Ready to Scale .,,; INDOSTAR "Your Poth To A BrttrrLl/r" No States Branches & Human Capital 475 Branches Across 24 States & UT 1 ANDHRA PRADESH – 25 0 # Branches 2 ASSAM – 9 3 BIHAR – 18 5,075 4,585 4,752 4 CHHATTISGARH – 12 2 4,082 4,090 5 11 GOA – 1 8 6 GUJARAT – 27 7 HA
Slide 12: A Large, Under-Penetrated Market Opportunity
A Large, Under-Penetrated Market Opportunity .,,; INDOSTAR "'Your Path To A Bntrr Ufe" Vehicle Finance MSME & Micro LAP IndoStar's Right to Win Vehicle finance AUM (₹ lakh crore) 11.0 • More than 70% of branches in Tier III to 9.4 ₹67.6 lakh cr Tier V markets MSME credit outstanding (Dec-25), growin
Slide 13: Business Performance Update
Business Performance Update
Slide 14: Q2FY27 Performance Highlights (1/2)
Q2FY27 Performance Highlights (1/2) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Distribution 475 5,075 28% 24 Number of Branches Number of Employees States & UT Direct Sourcing: Q2FY26 441| Q1FY27 468 Q2FY26 4,082| Q1FY27 4,752 Pan India presence Q2FY26 38% | Q1FY27 25% lMI ~ Loan Portfolio 8,459 crs
Slide 15: Q2FY27 Performance Highlights (2/2)
Q2FY27 Performance Highlights (2/2) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" C % '""'"' Liquidity profile Available Liquidity: 827 Crs 36.0% 9.7% 9.1% Undrawn limit: 336 Crs Capital Adequacy Ratio Cost of borrowings Incremental Cost of borrowings Treasury Asset: 491 Crs Q2FY26 37.2% | Q1FY27 34.8%
Slide 16: Building a Granular, Retail-Driven Lending Portfolio
Building a Granular, Retail-Driven Lending Portfolio .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Disbursements: Retail (₹ crs) Asset Under Management (₹ crs) 1,399 8,459 8,244 74 8,056 280 1,306 217 256 7,692 175 302 52 1,235 7,564 380 101 128 50 438 409 1,117 30 927 27 1,325 7,724 7,923 1,254 7,500 1
Slide 17: Balanced Portfolio & Regional Diversification
Balanced Portfolio & Regional Diversification .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Disbursement Mix (Region-Wise) AUM Mix (Region-Wise) 100% 100% 17% 16% 21% 19% 10% 15% 12% 12% 21% 17% 22% 26% 52% 52% 47% 41% Q2FY26 Q2FY27 Q2FY26 Q2FY27 • • • • East North West South • • • • East North West Sou
Slide 18: Building a Stronger & Diversified Customer Base
Building a Stronger & Diversified Customer Base .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Number of Incremental Customers (‘000) Number of outstanding Live Accounts (‘000) 20 178 172 18 165 17 157 153 16 15 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 17
Slide 19: Improving Customer Quality Across Segments
Improving Customer Quality Across Segments .,,; INDOSTAR "Your Poth To A BrttrrLl/r" 100% 80% 80% 80% 84% 85% ----------------- - ------ ---- ----- - ---- 15% 16% 16% 12% 11% ----------------- --------------------- 5% 4% 4% 4% 4% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • CIBIL >725 • CIBIL <725 • New to
Slide 20: Vehicle Finance
Vehicle Finance
Slide 21: Vehicle Finance: Overview
Vehicle Finance: Overview .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Vehicle Finance Portfolio Commercial Vehicle Construction Equipment Passenger Vehicle Farm Equipment Used and new Medium & Excavators, Backhoe loaders Cars, SUVs Tractors, Harvesters, Heavy CVs (M&HCV), Light CVs (JCB machines),Cran
Slide 22: Vehicle Finance: Key Parameters - Region Mix
Vehicle Finance : Key Parameters - Region Mix .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Disbursement Mix (Region-Wise) (%) AUM Mix (Region-Wise) (%) ~---------) [~--------- 18% 21% 39% 51% Q2 FY26 Q2 FY26 21% 27% 10% 13% 17% 20% 45% 50% Q2 FY27 17% Q2 FY27 23% 16% 13% • • • • East West North South 2
Slide 23: Vehicle Finance: Key Parameters – Product Mix
Vehicle Finance : Key Parameters – Product Mix .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Conscious portfolio diversification for resilience Disbursement Mix (Product-Wise) (%) AUM Mix (Product-Wise) (%) 7% 4% 6% 5% -------------------------- 9% 11% 8% 10% --------------- --------------- 18% 24% 23%
Slide 24: Vehicle Finance: Key Loan Parameters
Vehicle Finance : Key Loan Parameters .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Average Ticket Size on disbursal (₹ lakhs) Loan to Value on disbursal (%) 7.4 7.6 6.8 6.8 72.8% 74.8% 74.7% 74.4% 6.3 71.2% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Number of incremental Cust
Slide 25: Vehicle Finance: Key Portfolio Parameters
Vehicle Finance : Key Portfolio Parameters .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Gross & Net Stage 3 Provision Coverage Ratio (Stage 3) 4.7% 4.4% 4.4% 60.3% 3.7% 54.6% 55.2% 47.9% 47.6% 2.7% 2.5% 2.4% 2.1% 1.7% 1.1% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • Gross St
Slide 26: Micro LAP
—! INDOSTAR
Slide 27: Micro LAP: Overview
Micro LAP: Overview .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Launched Micro LAP (Loan Against Property) A dedicated local team of ~500, with a strong product in 2024 as a strategic growth & risk footprint across Tier 3 and 4 towns in 10 states diversification initiative for a company & UT with visi
Slide 28: Scaling Micro LAP Through Existing Branch Infrastructure
Scaling Micro LAP Through Existing Branch Infrastructure .,,; INDOSTAR "Your Poth To A BrttrrLl/r" 154 Branches Across 10 States & UT (Co-housed with VF) # Micro LAP Branches 154 125 108 91 71 13 7 7 8 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 1 17 No States & UT 1 ANDHRA PRADESH – 24 ➢ Expanded Micro LAP
Slide 29: Micro LAP: Key Operational Metrics (1/3)
Micro LAP: Key Operational Metrics (1/3) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Disbursement (₹ crs) Disbursement Yield (%) 74 23.0% 52 22.3% 21.8% 50 21.4% 20.8% 27 30 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Disbursement by ticket size Disbursement by Distribution
Slide 30: Micro LAP: Key Operational Metrics (2/3)
Micro LAP: Key Operational Metrics (2/3) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" AUM (₹ crs) Average Ticket Size on disbursal(₹ lakhs) 280 8.9 8.2 217 7.5 175 6.8 128 6.0 101 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Loan to Value on disbursal (%) Number of Live Accou
Slide 31: Micro LAP: Key Operational Metrics (3/3)
Micro LAP : Key Operational Metrics (3/3) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Gross Stage 3 Net Stage 3 0.21% 0.19% 0.18% 0.10% 0.17% 0.09% 0.09% 0.08% 0.05% 0.03% I Q2FY26 I Q3FY26 Q4FY26 Q1FY27 Q2FY27 • I Q2FY26 I Q3FY26 Q4FY26 Q1FY27 Q2FY27 Provision Coverage Ratio Overall Provision Coverag
Slide 32: Asset Quality
Asset Quality
Slide 33: Asset Quality Parameters
Asset Quality Parameters .,,; INDOSTAR "Your Poth To A BrttrrLl/r" NPA & PCR Trends (%) Collection Efficiency (Inc Overdue) (%) 9 63.6% 65 8 57.8% 57.4% 60 97.3% 7 55 95.1% 95.8% 49.9% 94.9% 50 6 46.4% 93.7% 45 5 4.8% 4.8% 92.1% 4.5% 4.1% 40 4 90.2% 90.3% 90.0% 35 3.0% 88.8% 3 2.5% 2.4% 30 2.1% 2 1.
Slide 34: Asset Quality: Impact of Policy Tightening & VF Book Transition
Asset Quality: Impact of Policy Tightening & VF Book Transition .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Tightening of credit policy started from Q4FY25 onwards has driven a sustained Share of post tightening VF book decline in NS% and ED% POLICY TIGHTENING BEGINNING Q4FY25 24% 32% 6.46% 40% 51% 5.
Slide 35: Expected Credit Loss (ECL) Provisions
Expected Credit Loss (ECL) Provisions .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Particulars (₹ in crs) Q2 FY27 Q1 FY27 Q2 FY26 Gross stage 1 7,336 7,186 6,430 Gross Stage 1 as % to Loan Asset 89.24% 88.68% 89.18% ECL Provision Stage 1 85 122 70 ECL Provision % Stage 1 1.15% 1.70% 1.08% Gross stage 2
Slide 36: Security Receipt
Security Receipt .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Gross Security Receipt (₹ crs) Net Security Receipt (₹ crs) D 43% DD 42% 63% DD 64% 64% 1,638 1,608 1,565 1,597 1,584 941 891 744 723 715 297 669 706 246 • 589 578 565 68 60 59 645 644 896 894 885 882 878 521 518 506 Q2FY26 Q3FY26 Q4FY26 Q1F
Slide 37: Borrowing Profile
Borrowing Profile
Slide 38: Diversified Borrowing Profile
Diversified Borrowing Profile .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Lenders Category (%)* Instrument Category (%)* D 5,670 D4,963 D 5,268 D5,681 D 5,704 DD5,670 4% 4,963 3% D 5,268 DD5,681 5,704 4% 5% 5% 38% 38% 39% 37% 41% 27% 29% 30% 29% 30% 11% 5% 8% 7% 9% 6% 5% 5% 5% 4% 5% 7% 2% 9% 9% 34% 36
Slide 39: Strong ALM profile with comfortable liquidity
Strong ALM profile with comfortable liquidity .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Structural liquidity Statement – Sept-26 Liquidity Buffer (₹ crs) 12,961 12,012 827 (₹ crs) 11,444 10,139 •• Cumulative inflow Cumulative outflow 7,365 7,563 336 180 5,089 4,145 224 3,170 2,541 1,931 87 1,499 1,3
Slide 40: Financial Parameters
Financial Parameters
Slide 41: Key Financial Parameters (1/2)
Key Financial Parameters (1/2) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Revenue From Operations (₹ crs) Finance Cost (₹ crs) DD 13.1% 13.8% DD14.4% 15.1% D15.5% DD 6.1% 5.5% DD 5.5% 6.0% D 5.7% 382 167 140 137 132 144 357 346 347 367 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2
Slide 42: Key Financial Parameters (2/2)
Key Financial Parameters (2/2) .,,; INDOSTAR "Your Poth To A BrttrrLl/r" PPOP (₹ crs) Credit Cost (₹ crs) DD2.5% 3.4% DD 3.9% 3.8% D4.4% DD 2.2% 3.1% DD 21.4% 3.4% D 3.9% 517 109 85 93 93 69 96 59 77 81 I I I I I l I I Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 • PPOP D %
Slide 43: Standalone Financial Performance
Standalone Financial Performance
Slide 44: ICF Standalone - Income Statement
ICF Standalone - Income Statement .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Particulars (₹ in crs) Q2 FY27 Q1 FY27 Q-o-Q Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y Revenue from operations 381.9 363.9 356.5 745.8 699.9 Interest expenses 139.6 144.4 166.7 284.0 352.1 Net Interest Income 242.3 219.5 10.4% 189
Slide 45: ICF Standalone – Balance Sheet
ICF Standalone – Balance Sheet .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Equity & Liabilities (₹ in crs) Sep’26 Mar’26 Sep’25 Assets (₹ in crs) Sep’26 Mar’26 Sep’25 Financial Liabilities Financial Assets Trade payables 0.1 0.1 - Cash and cash equivalents 167.7 31.9 34.9 Debt Securities 3,587.7 3,074
Slide 46: Credit & Collection
Credit & Collection
Slide 47: Robust Credit & Collections Infrastructure
Robust Credit & Collections Infrastructure: Build for Control, Design for .,,; Scale INDOSTAR "Your Poth To A BrttrrLl/r" Strong Credit Underwriting Robust Collections & Monitoring System controls linked to policy to block DSA Monitoring & Breach Control with Independent Valuations & Automated Real-
Slide 48: Information Technology
Information Technology
Slide 49: Data Science Led Credit & Collections Intelligence Ecosystem
Data Science Led Credit & Collections Intelligence Ecosystem .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Accelerating Growth, Improving Portfolio Quality, and Driving Operational Efficiency - 1!!!!!!11 Data Science Practice Established in FY’26 -------------1~ Intelligent Collections Analytics Bureau
Slide 50: Digital adoption across the lending journey
Digital adoption across the lending journey .,,; INDOSTAR "Your Poth To A BrttrrLl/r" 88% 93% 86% 87% 87% E-NACH adoption reached 93% in Q2FY27, reflecting strong penetration and consistent E-NACH customer onboarding efficiency Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 92% 83% 85% 86% 58% E-Agreement usage
Slide 51: Overall Technology Spread - Software Frameworks & Tools
Overall Technology Spread - Software Frameworks & Tools .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Interaction Layer Loan Origination CRM Indo Mitra Mobile App Partner Integration Vendor On-boarding Data Storage & Service Layer @) Incentive Data Repository Loan Management Collections, V-repo Accounti
Slide 52: Holistic Digital Framework of LOS Transformation
Holistic Digital Framework of LOS Transformation .,,; INDOSTAR "Your Poth To A BrttrrLl/r" End-to-end digital loan journey: 16 capabilities across sourcing, underwriting and disbursement _. 01 SOURCING .••• 02 UNDERWRITING 03 DISBURSEMENT Integration with partners 9 Third-party validations 0 Documen
Slide 53: Next Phase: Automation & AI Roadmap
Next Phase: Automation & AI Roadmap .,,; INDOSTAR "'Your Path To A Bntrr Ufe" 93% / 92% 86% 100% e-NACH / e-Agreement adoption, Q2FY27 e-Application penetration, Q2FY27 (47% in Q3FY26) Micro LAP collections digitised LIVE TODAY NEXT: FY27 AHEAD • Scorecard-led underwriting for CV and Car • e-KYC rol
Slide 54: Risk Management
Risk Management
Slide 55: Integrated Risk Management Framework
Integrated Risk Management Framework .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Risk oversight is embedded into the Company's operations through a structured framework that identifies, evaluates, and mitigates key financial, operational, and compliance risks. Operational Risk Addressed through define
Slide 56: Risk Governance and Control Mechanism
Risk Governance and Control Mechanism .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Interest Rate Risk Regulatory Risk • Assesses key factors including customer profiles, competitive landscape, and growth • Ensures strict compliance with applicable regulations through a robust internal control objective
Slide 57: Capital and Liquidity risk
Capital and Liquidity risk .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Liquidity: LCR maintained at 1.52x-1.69x of ALM: Stringent Internal Threshold RBI mandate Time Bucket RBI thresholds ICF Internal thresholds LCR Q2FY26 – Q2FY27 0-7 days -10% -10% 8-14 days -10% -10% 15 days - 1 month -20% -10% 37%
Slide 58: Regulatory & Compliance Risk (1/2)
Regulatory & Compliance Risk (1/2) Effective Governance Augmented By A Strong Compliance Function .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Governance and Compliance Forms the core of every business and functional process Comprehensive Compliance Centralized Compliance Team •--! testing conducted th
Slide 59: Regulatory & Compliance Risk (2/2)
Regulatory & Compliance Risk (2/2) Governance Further Strengthened By Robust Compliance Mechanisms .,,; INDOSTAR "Your Poth To A BrttrrLl/r" • Annual Review and approval of all key Policies Corporate • Strong oversight by the Board and Management level policies by the Board & Procedures Governance C
Slide 60: Cyber risk: Information Security Risk Management Process
Cyber risk: Information Security Risk Management Process to Prevent, .,,; Detect and Mitigate Risk INDOSTAR "Your Poth To A BrttrrLl/r" Building Resilience Through People, Process, and Technology Dimension Focus Area Key Initiatives ➢ A competent and fully enabled security team that drives effective
Slide 61: Integrated Governance and Risk Framework
Integrated Governance and Risk Framework .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Building Resilience Through People, Process, and Technology Board of Directors Risk Management committee Chief Risk Officer Risk management team Oversee entire risk management process Establish framework, tools and Ex
Slide 62: Ownership Structure and Management Team
Ownership Structure and Management Team
Slide 63: Esteemed Board of Directors
Esteemed Board of Directors .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Naina Krishna Murthy Chairperson and Non-Executive Independent Director o She has more than two decades of experience in the legal sector. She is the Founder and Managing Partner of Krishnamurthy & Company o Over the years, Mrs. M
Slide 64: Esteemed Board of Directors
Esteemed Board of Directors .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Aditya Joshi Non-Executive Non-Independent Director o He is a Managing Partner at Brookfield, and heads the private equity business in Asia-Pacific o Prior to Brookfield, he was a Principal at Apax Partners and previously worked a
Slide 65: Experienced Management Team - IndoStar
Experienced Management Team - IndoStar .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Randhir Singh 2 31 •• Jayesh Jain 1 25 •• Managing Director & Executive Vice Chairman Chief Financial Officer o He began his career at Citibank India in 1995 building deep expertise in banking and capital o He is a Char
Slide 66: Experienced Management Team - IndoStar
Experienced Management Team - IndoStar .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Mr. KV Bharadwaj 4 38 •• Ms. Jasmine Bawa 1 15 •• Chief Credit Officer Chief Human Resources Officer o K. V. Bharadwaj, Chief Credit Officer, has over 35 years of experience across credit, risk, o Jasmine has over 15 ye
Slide 67: Experienced Management Team - IndoStar
Experienced Management Team - IndoStar .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Mr. Kashinath Palekar 4 21 •• Mr. Krishnamoorthy Swaminathan 4 26 •• Head- Internal Audit Head- Operations o Kashinath has over 20 years of experience in internal audit, controls, risk, and finance o Swami has over 25 y
Slide 68: Experienced Management Team - IndoStar
Experienced Management Team - IndoStar .,,; INDOSTAR "Your Poth To A BrttrrLl/r" D. Boopathy 9 23 •• Mainak Pal <1 22 •• NSM - CV NSM M-Lap o Mr. Boopathy brings over 23 years of experience in vehicle finance and has been with o Mr. Mainak Pal is the National Sales Manager for the Micro LAP (M-LAP)
Slide 69: Large Global Private Equity Parentage – September 26
Large Global Private Equity Parentage – September 26 .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Shareholding Pattern (As on September 2026) Shareholders (holding more than 1%) % Promoters 70.33 BCP V Multiple Holdings Pte Ltd (Brookfield) 55.94 25.19% IndoStar Capital (Everstone) 14.39 1.73% Domestic
Slide 70: Shareholder return
Shareholder return .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Book value per share Earning per share 293 260 234 235 236 0.8 0.6 0.7 0.8 -26.3 Q2FY26 Q3FY26^ Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 ^-includes Impact of warrants-to-equity conversion (2.5 crore shares) 69
Slide 71: Consolidated Financial Performance
Consolidated Financial Performance
Slide 72: Consolidated Income Statement incl. Discontinued Operations
Consolidated Income Statement incl. Discontinued Operations .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Particulars (₹ in crs) Q2 FY27 Q1 FY27 Q-o-Q Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y Revenue from operations 381.9 363.9 356.5 745.8 700.1 Interest expenses 139.6 144.4 166.7 284.0 352.1 Net Interest In
Slide 73: Consolidated Balance Sheet incl. Discontinued Operations
Consolidated Balance Sheet incl. Discontinued Operations .,,; INDOSTAR "Your Poth To A BrttrrLl/r" Equity & Liabilities (₹ in crs) Sep’26 Mar’26 Sep’25 Assets (₹ in crs) Sep’26 Mar’26 Sep’25 Financial Liabilities Financial Assets Trade payables 0.1 0.1 - Cash and cash equivalents 172.1 36.2 39.1 Deb
Slide 74: Where We Grow, How We Scale, How We Sustain
WHERE WE GROW Expand Vehicle Finance Scale Micro LAP as the across CV, PV, CE and FE second growth engine HOW WE SCALE Accelerate Deepen distribution analytics-led, paperless and frontline talent lending HOW WE SUSTAIN Maintain disciplined Unlock operating risk and capital leverage management 73
Slide 75: Thank You
COMPANY “Your Path To A Better Life” Indostar Capital Finance Limited CIN: L65100MH2009PLC268160 Email: [email protected] Website: www.indostarcapital.com INVESTOR RELATIONS ADVISORS MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension &
IndoStar Capital Finance — Q2 FY2027 Earnings Presentation on 6ix