SPANDANANSE31 October 2025

Spandana Sphoorty Financial Limited has informed the Exchange about Investor Presentation

Spandana Sphoorty Financial Limited

Ref: SSFL/Stock Exchange/2025-26/091

October 31, 2025

To BSE Limited, Department of Corporate Services P. J. Towers, 25th Floor, Dalal Street, Mumbai – 400001

To National Stock Exchange of India Limited, Listing Department Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400051

Scrip Code: 542759 and 890221

Symbol: SPANDANA and SSFLPP

Dear Sir/Madam,

Sub: Investor presentation on the unaudited financial results of the Company for the quarter and half year ended September 30, 2025

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of investor presentation on the unaudited financial results of the Company for the quarter and half year ended September 30, 2025.

Kindly take the same on record.

Thanking you.

Yours sincerely, For Spandana Sphoorty Financial Limited

Vinay Prakash Tripathi Company Secretary

Encl: as above

Spandana Sphoorty Financial Limited CIN - L65929TG2003PLC040648 Galaxy, Wing B, 16th Floor, Plot No.1, Sy No 83/1, Hyderabad Knowledge City, TSIIC, Raidurg Panmaktha, Hyderabad – 500081, Telangana Ph: +9140-48126666 | contact@spandanasphoorty.com | www.spandanasphoorty.com

Invested in Bharat!

Spandana Sphoorty Financial Limited

Saura Art

Q2 FY26 & H1FY26 Investor Presentation

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Spandana Sphoorty Financial Limited (the

“Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe

for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of

securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no

representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and

reasonableness of the contents of this Presentation. 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.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are

individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to

known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the

performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide,

competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological

implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market

risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from

results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this

Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and

the Company is not responsible for such third-party statements and projections.

Key highlights: Improvement in lead parameters

Pick up in pace of Disbursement (₹ Cr)

Upward trend in 90+ dpd Recovery (₹ Cr)

427

268

238

218

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Consistent improvement in X-bucket Collection Efficiency (%)

>99.9% Net Collection Efficiency of FY26 disbursement

97.0%

97.8%

98.0%

98.5%

98.6%

98.8%

100.0%

99.9%

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Jun-25

Jul-25

Aug-25

Sep-25

Note: Collection efficiency is on Standalone basis

Business pivoting towards growth supported by robust Balance Sheet

Consistent X-bucket collection efficiency improvement

Increased pace of disbursement

Consistent improvement in X-bucket collection efficiency between Apr-25 to Sep-25 across major states. X-bucket collection efficiency for Sep-25 at 98.7% & ~98.5% for Oct-25

Disbursements pick up pace - ₹934 Cr disbursed in Q2FY26 as against ₹280 Cr disbursed in Q1FY26. Expect to disburse ~₹350 Cr in Oct-25

Loan processing fee revised to 1.5% (1% earlier) effective from 1-Sep-25

Interest rates revised to 23% - 26% (19.75% - 24.75% earlier) effective from 1-Oct-25

Executive Summary

Strong performance of new portfolio

Portfolio originated under new credit rules showing strong performance with 99.9% Net Collection Efficiency.

Only 124 out of 1.8 L loans disbursed are delinquent as on 30th Sep 2025

Focused recovery efforts

Multi-channel recovery outreach including through SMS, issuance of demand & legal notice and Lok Adalats. Q2FY26 recovery of ₹48 Cr vs. ₹41 Cr in Q1FY26

Robust Balance Sheet

Successful ₹400 Cr (partly paid) rights issue further strengthened Balance Sheet

Liquidity of ₹1,179 Cr as of 30-Sep-25, ~₹1,270 Cr as of end Oct-25

CRAR of ~47% at the end of September 2025

Incremental borrowing of ₹598 Cr post equity raise

Financial performance

AUM of ₹4,088 Cr at the end of Sept-25

Standalone GNPA & NNPA of 4.97% & 0.97% at the end of Sept-25

1. X-bucket collection efficiency show improving trend

3.6%

96.9%

100.0%

99.0%

98.0%

97.0%

96.0%

95.0%

94.0%

93.0%

92.0%

91.0%

90.0%

X-bucket net collection efficiency (%) & forward flows X-Bucket Net Collection Efficiency (%) 98.5%

98.5% 98.5% 98.7%

5.0%

97.7% 97.9%

Impacted by rains, floods and 3 less working days

2.5%

2.3%

1.5%

1.4%

Apr 25

May 25

Jun 25

Jul 25

Aug 25

1.3%

Sept 25

1.4%

Oct 25 #

X-book Net CE (%)

X-bucket to SMA-0

4.0%

3.0%

2.0%

1.0%

0.0%

X-bucket Collection Efficiency (%) of key States

2025

Apr

May

Jun

Jul

Aug

Sep

Andhra Pradesh

95.7% 95.7% 96.3% 97.9% 97.7% 98.1%

Bihar

97.4% 98.6% 98.4% 98.7% 98.9% 98.8%

Karnataka

93.9% 95.4% 97.2% 97.7% 98.3% 98.5%

Madhya Pradesh

97.3% 98.3% 98.2% 98.7% 98.4% 98.9%

Odisha

Overall

97.5% 98.1% 97.9% 98.8% 99.3% 98.9%

96.9% 97.7% 97.9% 98.5% 98.5% 98.7%

Standalone

97.0% 97.8% 98.0% 98.5% 98.6% 98.8%

Lender Overlap*^ - +>3 lenders reduced to ~16.6% from 23%

% of branches^ with X-bucket Collection Efficiency >99%

23.0%

20.5%

26.5%

30.0%

20.3%

21.5%

27.7%

30.5%

Feb-25

Apr-25

21.0%

23.3%

27.9%

27.8%

Jul-25

16.6%

25.0%

30.3%

28.2%

Sep-25

Unique

Spandana+1

Spandana+2

Spandana+>=3

68%

32%

Jun-25

40%

60%

Sep-25

* Based on Credit bureau data as of respective months; ^ On Standalone basis, # Estimate

More than 99%

Less than 99%

2. Disbursement pace up with improvement in quality parameters

Disbursement (₹ Cr)

Multiple levers driving disbursement growth

500

450

400

350

300

250

3 less working days due to festive season

200

150

100

218

186

32 Jun-25

268

215

238

193

427

335

350

258

Jul-25

Aug-25

Sep-25

Oct-25 (P)

New Customers

Existing Customers

Disbursement / LO / day^ (₹ ‘000)

Upfront CB validation

Reduces loan application processing time & frees up field team bandwidth

New customer enrolment

22% loans given to new customers as against 15% in Q1

Increase of ticket size

Maximum ticket size of ₹98,000 based on vintage against ₹80,000 earlier.

Weekly branches

20% disbursement of Q2FY26 done in weekly branches

Driving field discipline

Consistent monitoring of supervisory field visits, basic field discipline

Jun-25

Jul-25

Aug-25

Sep-25

Oct-25 (P)

^ Standalone

2. Current customer franchise offers sufficient growth opportunity

Customer Base* distribution – Sep 2025

Opportunity to disburse ₹5,500 Cr - ₹6,000 Cr to eligible customers

100% Current With SSFL

8% >30 dpd with SSFL

34%

7% Serviced in H1FY26

43% (~10 L)

Eligible customers

* Total customer base of 2.4m active and ex-customers

76% of 10 L eligible borrowers have < ₹1 L household indebtedness and loans outstanding with 2 lenders

Household Indebtedness

Unique

Ineligible as per internal business & credit rules

<50k

50k – 1 L

1 L - 1.5 L

1.5 L – 2 L

Total

47%

50%

Lender Overlap Spandana +1 19%

Spandana +2 4%

Total

70%

20%

31%

19%

100%

75% of 10 L eligible customers have over 2 years vintage with SSFL

Customer vintage

Unique

<1 years

1 to <2 years

2 to <3 years

3 to <4 years

4 to <5 years

5 and Above years

Total

10%

12%

19%

50%

Lender Overlap Spandana +1 1%

Spandana +2 0%

11%

31%

19%

Total

24%

25%

35%

100%

58% of 10L customers

3. New credit rules propel strong FY26 portfolio performance

New portfolio contributes 28% of AUM* New portfolio now contributes 28% of AUM

99.9% of New portfolio* is current

0.1%

28%

72%

100.0%

99.9%

New portfolio

Old portfolio

Current

Delinquent

May-25

Jun-25

Jul-25

Aug-25

Sep-25

98.2% customers* were current at disbursement

72% customers* had less then 2 lender relationship^

1.8%

98.2%

Current

1 - 30 dpd

Additional stricter DPD Criteria for extending new loans to customers

Existing : <30 dpd New : 0 dpd

28%

34%

38%

Unique

Spandana+1

Spandana+2

* Standalone; ^ Based on credit bureau data at the time of disbursement

4. Recovery focused strategy delivering measurable outcomes ₹141 Cr recovered in 3 quarters. Momentum expected to continue in H2FY26

Tapping legal avenues

Phase 1

Phase 2

Initiatives to improve collections

Continuing to engage borrowers

Digital Collection – 14% of all Q2 collection

Demand Notices

Legal Notices

Lok Adalat

Dedicated team External Agencies

QR Code

SMS Link

BBPS

~90,000 issued. ₹291 Cr outstanding

₹4.2 Cr recovered Engaged 7% of target customers

~28,000 issued. ₹143 Cr outstanding

₹85 L recovered

~3.0 L Issued in Oct-25 ₹1,202 Cr outstanding

~8,600 Borrowers. ~₹30 Cr outstanding

500+ Associates Focus on 90+ dpd collections

5 AI Call/chat bots, Manual calling, WhatsApp

Launched QR- code based collections in Oct-25

Unique payment links for part or full payments

Enabled payment through BBPS channels

₹1.0 Cr recovered

₹43 L recovered Engaged 7% of target customers

₹22.7 Cr Collected in H1FY26

₹1.2 Cr recovered within 37 days

Strong traction observed

₹76.9 Cr Collected in H1FY26

₹266.0 Cr Collected in H1FY26

Recovery from 90+ dpd (₹ Cr)

Recovery / CRA (₹ ‘000)

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Apr-25

May-25

Jun-25

Jul-25

Aug-25

Sep-25

Efforts on to improve operational efficiency and optimize costs

▪ 101 branches merged or closed during H1FY26 ▪ Reduction in overhead cost expected

Branch Rationalisation

▪ Manpower aligned with branch consolidation ▪ LO productivity expected to increase to 275 ▪ BQM redeployment based on defined parameters

Manpower Rationalisation

Branch and Employee Count

15,574

17,371

19,808

18,382

15,574

13,400

1,665

1,723

1,774

1,804

1,720

1,703

1,850

1,800

1,750

1,700

1,650

1,600

1,550

25,000

20,000

15,000

10,000

5,000

300

250

200

150

100

Operating Cost (₹ Cr)

265

220

191

208

209

189

Jun-24

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Branches

Headcount

5. Comfortable liquidity & healthy balance sheet to fuel future growth

CRAR (%) CRAR* (%)

47.0%

37.1%

40.8%

Mar-25

Jun-25

Sep-25

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

Net-worth (₹ Cr) & Gearing (x) Net-worth (₹ Cr) & Gearing (x)

2,633

2.1

2,289

1.9

2,227

1.5

3.3

2.8

2.3

1.8

1.3

0.8

Mar-25

Jun-25

Sep-25

Net-worth (₹ Cr)

Gearing (x)

Asset Distribution (%) Asset distribution (30-Jun-25)

Liquidity^ (₹ Cr)

16%

21%

63%

Cash & bank balances

Loan portfolio

Other assets

2,030

1,731

1,502

1,575

1,179

1,270

* Right to call up ₹200 Cr out of the ₹400 Cr partly-paid rights issue till March 2027 ^ Liquidity position moderated due to deployment of funds and prudent rationalization of surplus liquidity to minimize carrying costs

Mar-25

Jun-25

Jul-25

Aug-25

Sep-25

Oct-25

5. Diversified borrowing mix with 48% outstanding loans from banks

Incremental borrowing (₹ Cr)

438

11.8%

11.4%

Cost of borrowing (%)

12.2%

11.7%

12.1%

11.9%

12.3%

12.2%

12.1%

160

Diversified borrowing mix

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Cost of Borrowing

Marginal Cost of Borrowing

Sep-25

Oct-25

Funding needs until August-25 were met through available liquidity

Borrowing Outstanding (₹ Cr)

7,849

6,745

5,656

4,305

3,289

25%

21%

52%

24%

21%

52%

24%

19%

54%

27%

17%

51%

29%

18%

48%

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Banks

NBFC

FPI

Capital Markets

Q2FY26 & H1FY26 Results

~3.3x QoQ increase in disbursement. Standalone NNPA stable

Key Metrics

Q2 FY26

Q1 FY26

QoQ (%)

Q2 FY25

YoY (%)

H1FY26

H1FY25

YoY (%)

Disbursement (₹ Cr)

934

280

233%

1,514

(38)%

1,214

3,798

AUM (₹ Cr)

Income (₹ Cr)

Net Interest Income (₹ Cr)

PPOP (₹ Cr)

Impairment (₹ Cr)

4,088

4,958

(18)%

10,537

(61)%

4,088

10,537

239

(40)

258

304

113

(40)

422

(21)%

(20)%

(39)%

702

341

228

512

(66)%

(73)%

₹(268) Cr

(50)%

544

204

(79)

680

1,436

766

515

721

(68)%

(61)%

(62)%

(73)%

₹(594) Cr

(6)%

PAT (₹ Cr)

Standalone

GNPA

NNPA

(249)

(360)

+111 Cr

(216)

-33 Cr

(609)

(161)

-449 Cr

4.97%

4.88%

8 bps

4.88%

9 bps

4.97%

4.88%

0.97%

0.96%

1 bps

0.97%

9 bps

Customer base at ~15L Branch and manpower rationalization along with disbursement to drive efficiencies

No. of Customers (in L)

Branch count

33.0

29.6

24.9

20.4

15.5

1,723

1,774

1,804

442

449

459

1,720

433

1,703

428

1,281

1,325

1,345

1,287

1,275

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Monthly

Weekly

Total

Employee Count

Loan Officer Count

20,000

15,000

10,000

5,000

17,371

19,808

18,382

15,559

17,761

16,454

15,574

13,400

13,746

11,744

1,812

2,047

1,928

Sep-24

Dec-24

Mar-25

1,828

Jun-25

1,656

Sep-25

25,000

20,000

15,000

10,000

5,000

14,000

12,000

10,000

8,000

6,000

4,000

2,000

11,144

12,578

11,994

10,104

11,423

10,909

8,859

7,900

8007

7076

1,040 Sep-24

1,155

Dec-24

1,085 Mar-25

959 Jun-25

931 Sep-25

CFL

SSFL

CFL

SSFL

15,000

13,000

11,000

9,000

7,000

5,000

3,000

1,000

-1,000

₹934 Cr disbursed in Q2FY26. Gross CE improves to 92.9%

AUM (₹ Cr)

Disbursement (₹ Cr)

10,537

8,936

6,819

4,958

4,088

1,514

934

280

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Q1FY26

Q2FY26

Q2FY25

AUM concentration of top 4 states at 52%

Collection Efficiency (%)

57%

43%

52%

48%

Mar-22

Sep-25

Rest of India

Top 4 States

120.0%

100.0%

80.0%

60.0%

40.0%

20.0%

0.0%

93.7%

92.4%

91.5%

91.1%

92.9%

90.8%

90.7%

90.9%

90.6%

92.4%

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Gross CE

Net CE

120.0%

100.0%

80.0%

60.0%

40.0%

20.0%

0.0%

PCR maintained at ~80%

Consolidated

Standalone

Asset Classification

Loans Outstanding (₹ Cr)

% of Loans Outstanding

ECL Provision (₹ Cr)

Coverage

Loans Outstanding (₹ Cr)

% of Loans Outstanding

ECL Provision (₹ Cr)

Coverage

Stage 1 (Current)

Stage 1 (1 – 30)

Stage 2 (31 – 60)

Stage 2 (61 – 90)

Stage 3 (GNPA)

Total

NNPA

3,433

88.9%

217

3,863

1.6%

1.9%

2.0%

5.6%

100%

1.2%

172

289

1.4%

1.6%

44.1%

48.0%

79.2%

7.5%

2,861

89.63%

159

3,192

1.50%

1.86%

2.04%

4.97%

100%

0.97%

0.4

128

216

0.9%

47.0%

51.1%

80.5%

6.8%

Impairment on financial instruments

- On technical write-off’s

- On GNPA

- On stage 1, 2 & others

- Recovery of loans written-off

Total

Amount (₹ Cr)

Q2FY26

418

(26)

(104)

(29)

258

As a prudent measure, additional credit cost of ₹86 Cr recognized in Q2FY26 due to technical write-off. Excluding this, impairment cost would have been ₹172 Cr

Income, PPOP impacted by shrinking loan book over past few quarters

Income (₹ Cr)

Net Interest Income (₹ Cr)

QoQ (21)%

YoY (66)%

702

YoY (62)%

1,436

304

239

544

Q1 FY26

Q2 FY26

Q2 FY25

H1 FY26

H1 FY25

PPOP (₹ Cr)

QoQ (-) Cr

YoY (268) Cr

228

Q2 FY25

-40

Q1 FY26

-40

Q2 FY26

YoY (594) Cr

515

-79

H1 FY26

H1 FY25

QoQ (20)%

YoY (73)%

766

113

Q1 FY26

Q2 FY26

341

204

Q2 FY25

H1 FY26

H1 FY25

PAT (₹ Cr)

QoQ +111 Cr

YoY (33) Cr

YoY (449) Cr

-360

Q1 FY26

-249

Q2 FY26

-216

Q2 FY25

-609

H1 FY26

-161

H1 FY25

QoQ improvement in Yield & NIM as overall portfolio quality improves

Key Ratios

Yield (%)

Cost of borrowing (%)

NIM (%)

Q2 FY26

Q1 FY26

QoQ (%)

Q2 FY25

YoY (%)

H1FY26

H1FY25

YoY (%)

19.6

12.2

8.4

19.4

12.3

8.2

+0.2%

22.4

(2.9)%

19.2

23.5

(0.1)%

11.8

+0.4%

12.2

11.7

+0.2%

12.8

(4.3)%

8.2

14.0

Opex-to-AUM (%)

16.3

14.0

+2.3%

7.8

+8.5%

14.9

7.1

Cost-to-income (%)

157.6

139.1

+18.6%

49.7

+108.0%

147.3

46.4

+100.3%

ROA (on-book POS, %)

(23.2)

(26.1)

+3.0%

(8.1)

(15.1)%

(24.6)

(2.9)

(21.5)%

ROA (Total Assets, %)

(15.9)

(19.0)

(3.1)%

(7.0)

(8.9)%

(17.4)

(2.5)

(14.9)%

ROE (%)

(43.5)

(58.3)

+14.8%

(23.7)

(19.9)%

(50.9)

(8.8)

(42.1)%

Yields likely to go up from Q3, aided by improved collections, lower interest reversals and pricing re-alignment effective Oct-25.

• • Weighted Average Lending Rate of H1 disbursements was 24.3%. •

Yields in H1FY26 were impacted by ₹83 cr of interest reversals (₹50 cr in Q1, ₹33 cr in Q2).

(4.3)%

+0.5%

(5.7)%

+7.9%

Consolidated Net-worth of ₹2,227 Cr, CRAR at 47.0%

Gearing at 1.5x (Consolidated)

SSFL Standalone Net-worth & CRAR

3,507

3,082

2,633

2.2

2.1

2,289

2,227

1.9

1.5

4000

3500

3000

2500

2000

1500

1000

500

3.5

2.5

1.5

0.5

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

35.7%

36.0%

36.3%

36.9%

36.5%

3,426

3,047

2,623

2,309

2,279

Sep-24

Dec-24

Mar-25

Jun-25

Sep-25

Sep-24 Dec-24 Mar-25

Jun-25

Sep-25

Net-worth (₹ Cr)

Gearing (x)

Net-worth (₹ Cr)

CRAR (%)

35.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

Consolidated Income Statement

Particulars (₹ Cr)

Revenue from Operations

Interest income on loans

Net gain on fair value changes

Other Income

Total income from operations

Non-operational Income

Total income

Finance cost

Net Income

Expenses

Employee benefit expense

Depreciation and amortization expense

Other expenses

Total Expenses

Pre-Provision Operating Profit (PPOP)

Recovery of loans written-off

PPOP (including recovery)

Impairment on financial instruments

Profit before Tax

Tax expense

Profit after tax

Q2 FY26

Q1 FY26

Q2 FY25

QoQ

YoY

H1FY26

H1FY25

YoY

211

230

239

120

130

189

(69)

(40)

287

267

300

304

154

150

146

209

(59)

(40)

441

599

682

702

258

444

153

220

223

228

516

(327)

(78)

(249)

(481)

(121)

(360)

(289)

(72)

(216)

(21)%

(71)%

(14)%

(24)%

172%

(21)%

(22)%

(20)%

(11)%

(6)%

(8)%

(10)%

(65)%

(93)%

78%

(66)%

(51)%

(66)%

(54)%

(73)%

(15)%

(27)%

(12)%

(14)%

478

530

544

274

270

276

114

398

(10) Cr

(292) Cr

(128)

+10 Cr

+24 Cr

(268) Cr

(35)%

154 Cr

(43) Cr

111 Cr

(44)%

(39) Cr

(6) Cr

(33) Cr

(79)

729

(808)

(199)

(609)

1,284

1,389

1,436

518

918

288

114

411

507

515

728

(214)

(53)

(161)

(63)%

(75)%

81%

(62)%

(71)%

(62)%

(47)%

(71)%

(4)%

(17)%

(3)%

(635) Cr

+41 Cr

(594) Cr

(146) Cr

(449) Cr

Sep 30, 2025 Mar 31, 2025

LIABILITIES & EQUITY (₹ Cr)

Sep 30, 2025 Mar 31, 2025

Consolidated Balance Sheet

ASSETS (₹ Cr)

Financial Assets

Cash and bank balances

Loan Portfolio

Investments

Other financial assets

1,058

3,572

1,844

5,708

110

140

Total Financial Assets

4,808

7,802

Non-Financial Assets

Current tax assets (net)

Deferred tax assets (net)

Property, Plant and Equipment

Intangible assets

Goodwill

Other non-financial assets

Total Non-financial assets

Total Assets

113

670

872

5,679

118

475

692

8,494

Financial Liabilities

Debt Securities

Borrowings (Other than Debt Securities)

Subordinated Liabilities

Other Financial liabilities

Total Financial Liabilities

Non-Financial Liabilities

Current Tax Liabilities (net)

Provisions

Other Non-Financial liabilities

Total Non-Financial Liabilities

Equity

Equity Share Capital

Other Equity Equity attributable to shareholders of the company Non-Controlling Interest

Total Equity

Total Liabilities and Equity

1,296

1,993

3,383

2,147

2,227

0.2

2,227

5,679

2,264

3,391

146

5,802

2,562

2,633

0.2

2,633

8,494

Credit Rating

Spandana Sphoorty Financial Ltd

Rating Agency

Rating Instrument

CARE

ICRA

Bank Facilities / NCD’s CP’s

Bank Facilities / NCD’s

India Ratings

Bank Facilities / NCD’s

CRISIL

Bank Facilities

Criss Financial Ltd

Rating Agency

Rating Instrument

ICRA

Bank Facilities / MLD’s

India Ratings

Bank Facilities / NCD’s

Rating / Outlook (Current)

BBB+ / Stable A2

BBB+ / Negative

BBB+ / Stable

Rating / Outlook (Current)

BBB / Negative

Annexure

Positive ALM across maturity buckets

Positive ALM (₹ Cr)*

Maturity profile* (in months)

2,279

8.1^

7.6

7.8

6.7

1,222

1,229

1,335

1,025

299

359

281

366

458

773

679

261

382

upto 1m 1m to 2m 2m to 3m 3m to 6m 6m to 12m 1Y to 3Y

3Y to 5Y

Over 5Y

Sep-25

Jun-25

Assets

Liabilites

Avg. residual maturity of assets

Avg. residual maturity of borrowing

•

Positive ALM on cumulative basis with assets maturing faster than liabilities

Closing Cash and Bank balance (₹1,179 Cr as on 30 Sep 2025)

* Standalone ^ Including funding in Oct-25

Well diversified presence

AUM concentration* - ~50% from top 4 States

District level concentration*

% of AUM

Largest

2.2%

12%

14%

12%

State

Madhya Pradesh

Odisha

Andhra Pradesh

Bihar

Karnataka

Maharashtra

West Bengal

Jharkhand

Chhattisgarh

Uttar Pradesh

Rajasthan

Gujarat

Telangana

Tamil Nadu

Other states

Sep-25 Mar-25 Mar-24 13%

13%

14%

12%

13%

11%

12%

10%

14%

10%

12%

10%

* Standalone for SSFL

Total

100%

Top 5

9.4%

Top 10

15.3%

Top 20

24.6%

Others

75.4%

Branch level concentration*

Largest

0.3%

Top 5

1.3%

Top 10

2.4%

Top 20

4.4%

Others

95.6%

Metrics over the years

AUM (₹ Cr)

Disbursement (₹ Cr)

GNPA (%) & NNPA (%)

11,973

8,157

6,581

8,511

6,819

6,426

10,688

8,125

3,373

18.7%

5,605

10.5%

3.1%

1.4%

5.6%

2.1% 1.5% 0.6%

0.3%

1.2%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22 GNPA (%)

FY23

FY24

FY25

NNPA (%)

Net Interest Income (₹ Cr)

1,289

1,228

907

780

810

PAT (₹ Cr)

501

145

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

-1,035

Metrics over the years

Customers (in L)

Employees

Customers / Branch & LO*

33.2

24.5

23.5

22.6

24.9

18,382

14,243

8,644

8,763

10,016

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Loan Officers

Branches

11,994

9,653

1,052

1,120

1,179

1,804

1,642

5,665

6,157

7,103

2500

2000

1500

1000

500

9.0

8.0

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0

2,324

2,097

1,914

2,021

432

382

343

344

1,383

208

FY21

FY22

FY23

FY24

FY25

Borrowers / Branch

Borrowers / LO

AUM / Branch & AUM / LO*

7.8

1.4

5.9

1.1

7.2

7.3

1.2

3.8

0.6

FY21

FY22

FY23

FY24

FY25

850

750

650

550

450

350

250

150

-50

3.0

2.5

2.0

1.5

1.0

0.5

0.0

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

*Includes branches with tenure less than 1 year as well

AUM / Branch (₹ Cr)

AUM / LO (₹ Cr)

Glossary

Key Ratio

Portfolio Yield

Cost of borrowing

Marginal COB (Nominal XIRR)

Net Interest Income

Net Interest Margin

Abbreviation

Definition

Yield

COB

NII

NIM

Interest income divided by average monthly loan outstanding

Interest expenses divided by average monthly borrowing outstanding

Multiplication of borrowing availed during the period and cost of borrowing (inclusive all cost on Nominal XIRR) divided by total borrowing availed during the period

Interest income on loans less finance cost

Net Interest Income divided by average monthly loan outstanding

Pre-Provision Operating Profit

PPOP

Total Income minus finance cost minus operating expenses plus recoveries from loans written-off

Cost to Income

Portfolio Outstanding

Assets Under Management

C / I

POS

AUM

Operating expenses / Total income minus finance cost

On Balance Sheet loan outstanding at the end of reporting period

POS + Direct Assignment outstanding at the end of reporting period

Operating expenses-to-AUM

Opex-to-AUM

Total operating expenses divided by average monthly AUM

Return On Assets (Total Assets)

ROA (Total Assets) or ROTA PAT divided by average quarterly total assets

Return On Assets (On-book POS)

ROA (On-book POS)

PAT divided by average monthly loan outstanding

Return on Equity

ROE

PAT divided by average monthly Net-worth

Gross Non-Performing Assets

GNPA

Represents stage III loan outstanding at the end of reporting period

Net Non-Performing Assets

NNPA

Represents stage III loan outstanding at the end of reporting period net of ECL provision against stage III loans

Provision Coverage

PCR

ECL on stage III loans divided GNPA

Spandana Sphoorty Financial Limited

Thank you!

Investor Relations

Spandana Sphoorty Financial Ltd Investor.relations@spandanasphoorty.com

Strategic Growth Advisors Pvt. Ltd Abhishek Shah +91 99306 51660

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