AAVAS

Ref. No. AAVAS/SEC/2026-27/2927 Date: July 21, 2026 To, To, The National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400051 Mumbai – 400001 Scrip Symbol: AAVAS Scrip Code: 541988 Dear Sir/Madam, Sub: Investor Presentation on the Unaudited Financial Results for the Quarter ended June 30, 2026. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed herewith a copy of Investor Presentation of the Company on the Unaudited Financial Results for the Quarter ended June 30, 2026. The above information will also be made available on the website of the Company and can be accessed https://www.aavas.in/investor-relations/investor-intimation. Date and time of occurrence of event/information: July 21, 2026 and Board Meeting concluded at 04:34 P.M. You are requested to take the above on record. Thanking You, For AAVAS FINANCIERS LIMITED SAURABH SHARMA COMPANY SECRETARY & COMPLIANCE OFFICER (ACS-60350) Enclosed: a/a LANRETNI 192 35 0 65 0 143 251 236 211 38 214 51 41 56 149 Investor Presentation 205 210 Q1FY27 241 219 238 244 210 223 240 People. Performance. Perseverance. 192 35 Safe Harbour 0 65 0 143 251 236 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aavas Financiers Ltd. (the “Company”), without any specific objectives and solely for 211 38 214 information purposes and do not constitute directly or indirectly any advertisement, advise, offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form 51 the basis or be relied on in connection with any contract or binding commitment whatsoever. 41 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 56 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 149 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. Further, this presentation is being made on uniform basis and no selective disclosure of the same have been made by the Company. Potential investors must make their own assessment of the 205 relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigations as they may consider necessary or appropriate for 210 investment purposes. 241 This presentation contains certain forward-looking statements concerning the Company’s future business prospects, market opportunities and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. These statements can be recognized using words such as 219 238 “expects,” “plans,” “will,” “estimates,” “projects,” “marks,” “believe” or other words of similar meaning. The risks and uncertainties relating to these statements include, but are not limited to, 244 risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, micro and macro geo-political issues, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions 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 210 statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. Any reliance placed on this presentation by 223 240 any person for its investment strategy shall be at his own risk. 2 Investor Presentation Q1FY27 192 35 Executive Summary – Q1FY27 0 65 0 143 Financial Capital Customers Distribution Assets Performance Structure 251 236 211 38 214 51 99.6% 440 ₹ 239.3 bn ₹ 1,713 mn ₹ 52.2 bn Retail Loans Branches AUM PAT* Net Worth 41 62% | 38% 15 ₹ 16.1 bn 12.70% | 7.64% 44.66% 56 Self-Employed | States/UTs Disbursement Yield | CoB CRAR 149 Salaried ₹ 14.7 bn | 7.74% 64% | 36% 54% 260+ 5.06% | 7.70% Incre. Borrowings HL | NHL 205 EWS & LIG Districts Spread | NIM (Amt.| Rate) 210 241 84% 83% 7,706 ₹ 1.0 mn 43.7% | 3.37% Floating Rate <15 lakhs Ticket Size Employees ATS on AUM C/I | Opex Ratio Borrowings 219 238 2,75,869 2,600+ 55.4% 1.11% | 0.71% 35+ 244 Active Loan Counts Towns covered Average LTV GNPA | NNPA # Lenders 210 71% 4,15,000+ 80%+ 3.19% | 13.34% AA 223 Floating Rate Assets Families Served Branch in Tier 3+ ROA | ROE Long term ratings 240 3 *PAT Includes OCI Investor Presentation Q1FY27 192 35 Management Commentary on Q1FY27 0 65 0 143 We have started the year on a strong note. During the quarter, we disbursed loans worth Rs. 16.1 bn, delivering robust growth of 41% 251 YoY. This performance was driven by a strong pickup in volumes, meaningful improvement in resource productivity, and healthy 38% 236 211 YoY growth in the Home Loan segment. As we move ahead, our priorities are accelerating customer acquisition, improving 38 214 productivity, driving higher revenue per resource, enhancing branch profitability, and increasing operating leverage. The quarter 51 reflects the early benefits of our focused execution strategy and provides a solid foundation for the rest of the year. With clear accountability across functions and strong alignment throughout the organization, we are embedding greater execution 41 focus, discipline and rigor into every layer of the business underpinned by a firm commitment to strong governance. This collective 56 ambition is anchored in a simple philosophy: “People. Performance. Perseverance.” 149 Our AUM grew by 15.4% YoY to Rs. 239.3 bn as on Jun-26. Encouragingly, our monthly AUM addition improved by nearly 50% YoY during the quarter, enabling us to achieve in three months what previously took close to five months. Net profit grew 23% YoY to Rs. 205 1.71 bn, supported by 18% YoY growth in NII, a 22-bps YoY improvement in NIM to 7.70% and 9-bps YoY improvement in Opex Ratio 210 to 3.37%. The cost-to-income ratio improved sharply by 254-bps YoY to 43.7%, providing encouraging evidence that our initiatives are 241 beginning to translate into stronger operating performance. We expanded our network to 440 branch locations. We continue to maintain pristine asset quality. With our 1+DPD at 3.76% as of Jun-26, improved by 39-bps YoY. Similarly, our GNPA 219 improved by 11 bps YoY to 1.11%, while NNPA improved by 13 bps YoY to 0.71%. These outcomes reflect the discipline of our risk 238 architecture including the underwriting framework and reinforce our commitment to building a portfolio anchored in quality, resilience, 244 and prudent risk-adjusted returns. In line with our commitment to promoting sustainable housing, we have cumulatively funded over 700 green homes, establishing 210 ourselves as a leader in green housing segment. 223 240 4 Investor Presentation Q1FY27 192 35 Key Performance Highlights – Q1FY27 0 65 0 143 Disbursement (₹ mn) 1+ DPD (%) AUM (₹ mn) 251 236 211 38 +41% 214 +15% -39 bps 51 239,306 16,139 4.15% 207,397 41 3.76% 11,454 56 149 Jun-25 Jun-26 Q1FY26 Q1FY27 Jun-25 Jun-26 205 210 NIM (%) Opex to Assets (%) PAT (₹ mn) 241 +22 bps -9 bps +23% 219 1,713 238 3.46% 7.70% 244 3.37% 1,392 7.48% 210 223 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 240 5 Investor Presentation Q1FY27 192 35 Pillars of Strength 0 65 0 143 251 236 211 38 214 51 41 56 Strong Institutional Diverse Geographical In-house Execution Model Diversified Customer Base 149 Framework Distribution 205 210 241 219 238 244 Professional Management Experienced Board of Diversified Shareholding Future ready Tech Team Directors Base Platform 210 223 240 6 Investor Presentation Q1FY27 192 35 People. Performance. Perseverance 0 65 0 143 251 People Performance Perseverance 236 211 38 214 51 Operational Excellence Ownership Skill & Talent Depth 41 ✓ Strong institutional framework built on ✓ Deliver industry leading AuM growth ✓ Common language of success across the 56 company robust processes and competent middle ✓ Boost productivity per resource and higher 149 layer revenue per resource ✓ Daily Branch Accountability Review ✓ Build a strong leadership strength across ✓ Drive daily customer additions across ✓ Weekly “CEO Samvad” geographies and functions Branches ✓ Attain consistency in delivery of defined 205 ✓ Provide cross functional exposure and ✓ Strengthen Self-Sourcing & embed rigor output 210 career growth opportunities through daily huddles ✓ Strengthen discipline across operations 241 ✓ Adding and retaining talent for future ✓ Optimize branch performance on Cost-to- ✓ Establish Ourselves as the Gold Standard readiness Income & RoE of Governance ✓ Creating the right span of control in Sales ✓ Maintain the pristine asset quality 219 and Credit ✓ Embed technology and data analytics in 238 ✓ Realign Incentive Policy to reward and growth 244 recognize consistent performance ✓ Creating a performance-oriented organization culture. 210 223 240 7 Investor Presentation Q1FY27 192 35 Diverse Geographical Distribution 0 65 0 143 Geographical diversification journey Branch Vintage (No of Branches) Data as on 30th Jun 2026 80% 251 236 Himachal Pradesh 76% 50 211 31 <1 yr 38 74% 51 214 Punjab 4 Chandigarh 54 1 71% 1-3 yrs 51 5 94 Uttarakhand 69% 104 9 3-6 yrs Haryana 67% 20 Delhi 65% 64% 64% 142 6-9 yrs 5 41 166 >9 yrs Rajasthan 56 Uttar Pradesh 110 51 103 149 42 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Gujarat Top 3 states’ AUM (RJ, MH and GJ) Jun-25 Jun-26 Madhya Pradesh 57 55 Chhattisgarh 205 9 Orissa Branch Distribution (No of branches) 210 Maharashtra 6 50 241 15 Others, 10% States/ UTs RJ, 25% TN, 4% Karnataka 219 HR, 4% 38 440 238 244 Branches KTK, 9% Tamil Nadu 20 States with Presence 80%+ in Tier 3+ GJ, 13% 210 States with No Presence 223 UP, 12% 240 MH, 11% MP, 12% “Focused on contiguous branch expansion strategy” 8 Investor Presentation Q1FY27 192 35 Business Impact of Technology Transformations 0 65 0 143 From Transformed LMS/CBS From LOS DIGITALLY POWERED SOURCING CHANNELS Application Transformation 251 236 211 38 CSC, eMitra & IPPB (India Post Payments 10x Scalability with 99.9% 1 214 All loan applications are 51 scored using AI based Business Availability, with Bank) are lead integrations with WEBSITE saving of 2 business days Business Rule Engine Salesforce every month by reduction of REFERRAL APP EOM processing time/ PLR automations/ etc CUSTOMER APP 41 Digitally enabled Lead Providers – who Reduced loan underwriting TAT 2 56 by more than 50%, leading to connect Aavas with prospective SOCIAL MEDIA improvement in operational Banking Level Core Financial customers and provide a lead 149 efficiency and customer Services Solution experience Digitally enabled Aavas MITRA – an 3 ecosystem of building material suppliers, 205 80%+ Adoption of paperless / ~70% of the Disbursements builders, architects, general contractors, digital journey through e-singing, are transferred in real time 210 automated and digital document through integrated banking cement vendors, etc. 241 workflows. gateways Prospective customers can provide leads 4 from website, missed call, SMS and social From Oracle Fusion From EPM media 219 Cloud ERP Implementations 238 244 ~100% Robust integration Integrations for Lead Generation Granular level of P&L tracking through Oracle Integration Cloud and reporting through EPM (OCI) for seamless vendor Solution 210 onboarding, Bank integrations for direct payments with 223 controlled authorisations 240 9 Investor Presentation Q1FY27 192 35 AI-Led Transformation Driving Efficiency & Scale 0 65 0 143 Customer Customer Employee Underwriting & Acquisition Lifecycle Productivity 251 Disbursement 236 211 38 214 AI-Driven Software 51 Concurrent Development AI Based Login Disbursement Gen AI Voice BOT Quality Control realization marking for Collections AI Initiative Employee Co-Pilot 41 via RPA & Agentic AI 56 149 • Provide conversational information on • Automate • Pre-dues • Auto-Marking of policies, SOPs & Org document/data • Post-dues successful knowledge. 205 validation using an • Penal flows Key Deployment realizations in LMS • Agentic flows for ticket AI/ML-powered IDP 210 creation, Account 241 Unlock ✓ ~15000 calls converted 219 ✓ FTR Increased to into P2P or Payment ✓ Improve employee 238 47.79% ✓ TAT Reduction without human productivity 244 ✓ Credit TAT Improved ✓ Minimal manual intervention ✓ Quick information Business Impact by 14%* intervention ✓ Voice Agent is live in 5 access ✓ Improved user Languages i.e., English, ✓ Support ticket experience 210 Hindi, Gujarati, Marathi reduction 223 and Kannada 240 10 *Overall Login to Decision TAT has improved from 13 days at peak to 6 days in Q1FY27. Investor Presentation Q1FY27 192 35 Right to Win with In-house Model 0 65 0 143 In-house Focused on 251 CSC & E-Mitra: 236 In-house Common service centers 211 Sourcing 38 Direct: across India 214 Open market, cold calling, 51 Building canopy activity, etc. Four-tiered Institutional collection Partnership architecture for Lead 41 generation Mitra: 56 People in allied1 149 industries Aavas Ambassador: 4 Pillars – 205 Customer referral Business Credit, 210 program Driven Legal, Right to Win Technology 241 Technical & Investment RCU Channel Partner: 219 DSAs 238 In-house & Mutually Institutional 244 Exclusive Underwriting Four Pillars Intelligence Of Risk Digital: Connector: 210 Website, WhatsApp, Chatbot, etc. People in non-allied2 industries 223 240 Direct Channel Digital Connector Channel Partners Mitra & CSC 1) Allied industries such as CA/CS/Tax Consultant, LIC Agent, Retired Banker, 11 2) Non-allied industries such as Lead Providers, Cement vendor, Notary, Lawyer, Stamp vendor Property Broker, Sanitary vendor, Paint shop, Investor Presentation Q1FY27 Building Contractor. 192 35 Experienced Management Team 0 65 0 143 Jijy Oommen Rajaram Manu Singh Ripudaman Bandral Chief Technology Officer Balasubramaniam 251 236 MD* & Chief Executive Chief Business Officer Chief Strategy Officer & 211 Officer 38 Head of Analytics 214 51 • 25+ years of experience • 25+ years of experience in financial services • 25+ years of experience • Qualification: M. Tech from Birla Institute of Technology • 25+ years of experience • Qualification: Master in Management from Sydenham • Qualification: PG in Finance and Science, Pilani • Qualifications: Chartered Accountant and B. E from VJTI • Experience: Indiabulls, ICICI Bank, HDFC Ltd • Experience: Kinara Capital, Wonderla Holidays, • Experience: Citibank, Standard Chartered Bank 41 • Experience: Kotak Bank, Tata Capital, ICICI Bank • Aavas Tenor: 5+ Years Manappuram Finance, Bajaj Capital • Aavas Tenor: 4+ Years • Aavas Tenor: <1 Year • Aavas Tenor: 5+ Years 56 149 Saurabh Sharma Sharad Pathak Ashish Gautam Ramachandran Company Secretary & Chief Compliance Officer Head of Operations Venkatesh Compliance Officer 205 Head of Internal Audit 210 241 • 23+ years of experience • 13+ years of experience • 29+ years of experience • 8+ years of experience • Qualification: MBA in Finance from SRC • Qualification: Company Secretary • Qualifications: MA in History, JNU • Qualification: Company Secretary & Law • Experience: Fedbank Financial, AU Bank, ICICI • Associated with Aavas Financiers since • Experience: Standard Chartered Bank, American Express, Graduate Bank, Kotak Bank, Barclays Finance, Indiabulls. HDFC Bank, Fullerton India, Aditya Birla Finance. • Experience: H.G. Infra Eng. Ltd. May 2012 219 • Aavas Tenor: ~1 Year • Aavas Tenor: 14+ Years • Aavas Tenor: 4 Years • Associated with Aavas Financiers since Sep 2021 238 • Aavas Tenor: 4+ Years 244 Ghanshyam Gupta Punit Agarwal Interim, Chief Financial Interim, Chief Risk Officer Officer 210 223 • 20+ years of experience • 13+ years of experience 240 • Qualification: Chartered Accountant • Qualification: Chartered Accountant • Experience: Vaibhav Global, Tata Technologies • Experience: Aditya Birla Capital, HDFC Limited and Capgemini India Bank and ICICI Bank • Aavas Tenor: 9+ Year • Aavas Tenor: 9+ Years 12 Investor Presentation Q1FY27 * Subject to RBI Approval 192 35 New Board bringing in a wealth of experience 0 65 0 143 Vivek Karve Sandeep Tandon Soumya Rajan 251 236 Independent Director & Chairperson of Board, Independent Director & 211 Chairperson of Audit 38 Independent Director & Chairperson of Nomination Committee Chairperson of Stakeholders 214 & Remuneration Committee 51 Relationship Committee • 31+ years of experience • 30+ years of experience • 25+ years of experience • Qualifications: Bachelors in Mathematics & Economics from St. • Qualifications: Chartered Accountant and Cost Accountant • Qualifications: Bachelor’s in Electrical Engineering from University Stephens College, Masters in Mathematics from Oxford University • Experience: Marico, ICICI, M&M Financial Services, P&G, 41 of Southern California • Experience: Prior associated with Waterfield Advisors, Standard Siemens Information Systems • Experience: Tandon Advance Device, Accelyst Solutions 56 Chartered Bank, ANZ Grindlays Bank 149 Manu Singh Siddharth Patel Nikhil Gahrotra MD* & Chief Executive Promoter Nominee Director Promoter Nominee Director Officer 205 210 241 • 25+ years of experience in financial services • 23+ years of experience • Qualification: Master in Management from • 27+ years of experience • Qualifications: Bachelor’s degree in Engineering (Electronics) Sydenham and B. E. from VJTI • Qualifications: Bachelor of Arts and Master of Arts from VJTI in Mumbai, PGP in Management from ISB • Experience: Kotak Mahindra Bank, Tata from Oxford University • Experience: AIP India Investment, BanyanTree Finance, 3i, • Experience: Apax Partners Capital, ICICI Bank Q-India Investment Advisors, Citigroup Global Markets, 219 Reliance Communications. 238 244 Neha Sureka Rohit Ranjan Anant Jain Promoter Nominee Director Non-Executive Nominee Promoter Nominee Director Director 210 223 • 18+ years of experience • 30+ years of experience in Financial Service • 21+ years of experience 240 • Qualifications: Bachelor of Engineering in Computer Science • Qualifications: M.B.A (Finance), from Anderson School of • Qualifications: Bachelor’s degree in Business Administration and MBA from JBIMS Management, New Mexico, USA and Bachelor’s in Arts (Economic from M Ross and MBA from Harvard Business School • Experience: Aditya Birla Finance, Airtel, Abbott Nutrition, Honors) from University of Delhi • Experience: Warburg Pincus, Leonard Green & Partners, UBS McKinsey & Co. • Experience: Citibank and Axis Bank Investment Bank 13 Investor Presentation Q1FY27 * Subject to RBI Approval 192 35 Diversified Institutional Shareholding 0 65 0 143 Shareholding Pattern as on Top Institutional Shareholders as on 30th June 2026 30th June 2026 251 236 Investor Details % Holding 211 38 CVC Capital 48.88 214 51 ICICI Pru Asset Management^* 3.80 Others, 11.65% HDFC Asset Management^* 3.47 41 56 Axis Max Life^* 3.15 149 FII, UTI Asset Management^* 3.07 48.88% 16.27% Sundaram Asset Management^* 2.52 205 GPF Global^ 2.29 210 241 Nippon Asset Management^* 2.19 DII, Vanguard Index Funds^ 2.15 22.15% 219 ADIA^ 2.13 238 SBI Asset Management^* 2.01 244 Whiteoak Capital AMC^* 1.46 @Management & #Employees, 1.05% MIT (managed by 360 One AMC)^ 1.37 210 223 Blackrock Asset Management*^ 1.26 240 ^ holding through various schemes / Funds DII includes Mutual Funds, Insurance Companies & Alternate Investment Funds (Category III) * includes Mutual Funds & Offshore Funds 14 @ Includes holding by Management Investor Presentation Q1FY27 # Employees refers to employees who are covered under SEBI (PIT ) Regulations, 2015 192 35 Business Performance 0 65 0 143 251 236 211 38 214 51 41 56 Business Mix Spreads, Margins and Cost Efficiency and Return Business Growth 149 Yields Ratios 205 210 241 219 238 244 Asset Quality Borrowings Profile ALM and Liquidity Position Earnings & Capital Ratios 210 223 240 15 Investor Presentation Q1FY27 192 35 Healthy Business Growth 0 65 0 143 Disbursement 251 236 (₹ mn) 211 23,481 67,751 38 61,230 55,822 214 17,219 50,245 51 15,599 16,139 36,022 11,454 * 26,569 41 56 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 149 FY21 FY22 FY23 FY24 FY25 FY26 (YoY %) -5% 21% 8% 16% 41% -9% 36% 39% 11% 10% 11% 205 Assets under Management (AUM) 210 241 (₹ mn) 2,39,306 2,34,517 2,34,517 2,22,035 2,04,202 2,13,566 2,07,397 1,73,126 219 1,41,667 1,13,502 238 94,543 244 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 210 223 (YoY %) 16% 16% 15% 15 % 15% 21% 20% 25% 22% 18% 15 % 240 “Focus on driving AuM growth to high-teens” 16 Investor Presentation Q1FY27 *After one time impact of change in disbursement recognition. 192 35 Optimum Business Mix 0 65 0 143 Average AUM (Segment wise) AUM (Occupation wise) ticket size 251 236 211 38 ₹ 0.75 mn ₹ 0.80mn 214 13% 13% ₹ 0.99 mn 40% 38% ₹ 1.01 mn 51 20% 23% ₹ 0.85 mn ₹ 0.95 mn 41 67% 64% ₹ 0.96 mn 60% 62% ₹ 1.04 mn ₹ 1.07 mn ₹ 1.12 mn 56 149 Jun-25 Jun-26 Jun-25 Jun-26 HL MSME LAP Self employed Salaried 205 210 Disbursement (Segment wise) Disbursement (Occupation wise) 241 ₹ 0.91 mn ₹ 1.01 mn 12% 13% ₹1.08 mn 34% 34% ₹1.13 mn 219 ₹ 0.96 mn 31% 32% ₹ 1.16 mn 238 244 66% 66% ₹ 1.33 mn 57% 56% ₹ 1.46mn ₹1.18 mn ₹1.39 mn 210 223 Q1FY26 Q1FY27 Q1FY26 Q1FY27 240 HL MSME LAP Self employed Salaried “Sharpening Our Focus on HL-Led Growth (+38%YoY in Q1FY27)” 17 Investor Presentation Q1FY27 192 35 Well Diversified Portfolio Mix 0 65 0 143 AUM by Geography AUM by Ticket size (No of Loans) 1% 251 Karnataka, 4% Others, 4% 236 211 Haryana, 5% 5% 38 214 Upto ₹ 1.5 Mn Rajasthan, 33% 51 Uttar Pradesh, 6% 11% Delhi, 5% ₹ 1.5 to ₹ 2.5 Mn 41 ATS: 56 ₹1.02mn ₹ 2.5 to ₹ 5.0 Mn 149 Madhya Pradesh, 12% Above ₹ 5.0 Mn 83% Maharashtra, Gujarat, 12% 205 19% 210 241 AUM by Income Category AUM by LTV (at Origination) 219 12% 238 23% 244 EWS/LIG Upto 40% 40% Average LTV: MIG Income: 55% >40% to 60% 54% ~0.53 mn 210 34% 223 HIG >60% 240 37% “Granular portfolio construct driving superior asset quality” 18 Investor Presentation Q1FY27 192 35 Yield, Spread and Margin 0 65 0 143 Yield and Cost of Borrowing (%) 251 236 14.5% 211 9.5% 13.16% 13.12% 13.13% 13.13% 38 14.0% 12.66% 12.82% 214 13.13% 13.08% 13.02% 51 13.5% 12.82%* 9.0% 12.70%** 13.0% 8.5% 12.5% 12.0% 8.0% 41 8.02% 11.5% 7.85% 8.07% 8.24% 56 7.68% 7.62% 7.64% 7.5% 7.40% 7.61% 7.62% 11.0% 6.88% 149 10.5% 7.0% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Yield Cost of Borrowing 205 Spread & Margin (%) 210 241 8.45% 8.04% 8.01% 7.70% 8.23% 8.28% 7.48% 7.71% 7.91% 7.64% 7.93% 9.0% 8.0% 219 5.34% 5.76% 5.77% 7.0% 5.23% 5.51% 238 5.11% 5.20%* 5.06% 4.89% 5.20% 6.0% 5.06%** 5.0% 244 4.0% 3.0% 2.0% 1.0% 210 0.0% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 FY21 FY22 FY23 FY24 FY25 FY26 223 240 Spread Net Interest Margin (NIM) “Healthy Margins across cycles” * Impact of 15 bps reduction in PLR w.e.f. Mar-26 19 Investor Presentation Q1FY27 ** Impact of 10 bps reduction in PLR w.e.f. Jun-26 192 35 Cost Efficiency & Return Ratios 0 65 0 143 Opex to Assets and Cost to Income (%) 251 236 211 46.3% 45.9% 38 44.5% 45.2% 44.7% 4.5% 4.5% 43.4% 41.9% 50.0% 214 43.7% 42.9% 43.7% 46.0% 39.1% 45.0% 51 3.88% 40.0% 4.0% 4.0% 3.69% 42.0% 35.0% 3.51% 3.58% 3.54% 3.46% 3.44% 3.45% 30.0% 3.37% 3.32% 3.5% 3.5% 25.0% 38.0% 41 3.01% 20.0% 56 3.0% 3.0% 15.0% 34.0% 10.0% 149 5.0% 2.5% 2.5% 30.0% 0.0% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Cost to Income Opex to Asset 205 210 RoA and RoE (%) 241 6.0% 14.31% 14.29% 14.67% 13.72% 14.09% 13.94% 14.12% 13.93% 15.0% 219 5.5% 12.56% 13.34% 16.0% 5.3% 12.91% 14.0% 14.0% 5.0% 13.0% 238 4.8% 12.0% 4.5% 12.0% 244 4.0% 3.40% 3.43% 3.50% 10.0% 4.3% 11.0% 3.60% 3.5% 2.94% 3.19% 8.0% 3.8% 3.50% 3.50% 3.28% 3.27% 3.29% 10.0% 9.0% 3.0% 6.0% 3.3% 8.0% 2.5% 4.0% 7.0% 210 2.0% 2.0% 2.8% 6.0% 223 1.5% 0.0% 2.3% 5.0% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 240 RoE RoA “Operational efficiency to drive returns” 20 Investor Presentation Q1FY27 192 35 Earnings & Capital Ratios 0 65 0 143 Net Worth Net Profit Without raising Capital 251 236 (₹ mn) (₹ mn) 211 6,556 52,196 38 7,000 50,508 214 6,500 5,743 51 43,608 6,000 4,908 5,500 37,733 5,000 4,283 32,697 4,500 3,575 28,086 4,000 2,903 24,014 41 3,500 3,000 56 2,500 1,713 2,000 149 1,500 1,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 YoY % 17% 23% 20% 15% 17% 14% 23% 14% 17% 16% 15% 16% 16% 16% YoY % 205 210 241 BVPS and EPS ROCI and CAR (%) 82 1,000 BVPS (₹) EPS (₹) 54.5% 51.4% 47.0% 44.0% 44.5% 44.6% 44.7% CAR % 72 219 80 62 47% 45% 54 238 658 637 39% 45 60 244 551 33% 37 477 29% 40 500 414 24% 356 20% 306 20 210 0 223 240 - -20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Return on Capital Invested (ROCI) is annualized 21 “Consistent Earnings Compounding” Investor Presentation Q1FY27 192 35 Pristine Asset Quality 0 65 0 143 Gross Stage 3 (%) Net Stage 3 (%) 251 236 211 38 214 51 1.22% 0.84% 0.85% 1.19% 1.08% 0.79% 0.77% 1.11% 0.68% 0.71% 1.11% 1.05% 1.05% 0.73% 0.99% 0.98% 0.71% 41 0.94% 0.92% 0.68% 56 0.67% 0.68% 149 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 205 210 1+DPD (%) Credit Cost (%) 241 6.37% 0.54% 4.15% 219 3.99% 3.80% 238 3.76% 4.47% 0.24% 0.24% 244 0.27% 0.16% 3.39% 0.16% 3.30% 0.13% 3.12% 3.17% 3.17% 0.17% 0.15% 0.12% 0.11% 210 223 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 240 “Lifetime write-off of 12 bps against lifetime disbursement of Rs. 425 bn” 22 Investor Presentation Q1FY27 192 35 Robust Liability Management 0 65 0 143 AuM (₹ bn) AUM – Fixed/ Floating Mix (%) 120% 207.4 213.6 222.0 234.5 239.3 120% 100% 251 236 94.5 113.5 141.7 173.1 204.2 234.5 90% 211 100% 38 100% 80% 214 51 80% 70% 80% 56% 70% 70% 70% 71% 71% 60% 60% 66% 60% 70% 71% 60% 60% 50% 41 40% 40% 40% 56 30% 149 30% 30% 30% 29% 29% 20% 20% 40% 44% 40% 34% 30% 29% 20% 10% 0% 0% 0% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 FY21 FY22 FY23 FY24 FY25 FY26 205 Funding Mix – Fixed/ Floating/ Equity (%) 210 241 120% 500.0 120% 207.4 213.6 222.0 234.5 239.3 94.5 113.5 141.7 173.1 204.2 234.5 - 0.0 100% 100% -500.0 -500.0 219 80% 80% 55% 69% 69% 69% 72% 73% -1,000.0 61% 63% 66% 71% 72% -1000.0 238 60% 60% 244 -1,500.0 -1500.0 40% 40% -2,000.0 32% -2000.0 29% 25% 19% 18% 18% 16% 14% 24% 17% 16% 20% 20% -2,500.0 -2500.0 12% 13% 13% 13% 13% 12% 10% 12% 10% 12% 13% 210 0% -3,000.0 0% -3000.0 223 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 FY21 FY22 FY23 FY24 FY25 FY26 240 Fixed Floating Equity* * Equity is balancing figure utilized to fund AuM 23 Investor Presentation Q1FY27 192 35 Diversified Funding Profile & Credit Rating 0 65 0 143 Borrowings Mix (%) Borrowings (₹ bn) Term Loans Direct Assignment NHB refinance NCDs CP & CC 251 236 211 38 120% 182.9 186.9 193.0 204.3 207.1 200.0 120% 102.6 125.2 155.6 179.5 204.3 214 100% 11% 10% 10% 9% 1% 9% 100.0 100% 12% 9% 9% 9% 1% 0.0 51 18% 80% 14% 14% 12% 11% 10% 0.0 80% 21% 20% 14% 11% -500.0 27% 22% 25% 25% 25% 27% -100.0 25% 27% 60% 60% 22% 24% 41 -200.0 23% -1000.0 40% 40% 56 49% 50% 52% 52% 54% -300.0 45% 48% 51% 52% -1500.0 149 20% -400.0 20% 38% 0% -500.0 0% -2000.0 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 205 Average tenor of outstanding borrowings is 130 months as of Jun’26. 210 241 Net Assignment Volume Credit Ratings (₹ mn) Long term Short term 16,771 219 4,690 15,226 4,279 4,411 238 3,988 3,390 12,428 CARE India Rating 244 9,541 Jun-26 - AA Jun-26 - A1+ 7,784 ICRA ICRA 210 5,496 223 Jun-26 - AA Jun-26 - A1+ 240 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 “Creating funding cost leadership” 24 Investor Presentation Q1FY27 192 35 Disciplined ALM & Comfortable Liquidity Position 0 65 0 143 Surplus Management ALM Position As on Jun – 26 (₹ bn) 251 236 Surplus: 15.30 19.82 21.11 26.30 24.98 - 211 38 214 218.80 218.80 51 Assets 162.36 Liabilities 137.38 41 114.66 56 88.36 149 55.31 38.72 34.19 25.92 18.90 10.63 205 <3 months <6 months <1 year <3 years <5 years >5 years 210 241 Liquidity Position Particulars (₹ mn) As on Jun-26 Particulars (₹ mn ) Q2FY27 Q3FY27 Q4FY27 Q1FY28 219 Opening Liquidity 23,680 26,535 28,074 29,813 238 Cash & Cash Equivalents 17,820 Add: Principal Collections & Surplus from 244 Un-availed CC Limits 1,010 9,687 9,637 9,719 9,576 Operations Documented & Un-availed Sanctions from Banks 4,850 Less: Debt Repayments 6,832 8,098 7,980 7,069 210 Total Liquidity Position 23,680 Closing Liquidity 26,535 28,074 29,813 32,320 223 High-Quality Liquidity of ₹ 18,830 Mn ₹ 32,320 Mn of Surplus Funds* available for business 240 “Greater Resilience across liquidity cycles” 25 Investor Presentation Q1FY27 * without including any incremental sanctions 192 35 Financial Performance 0 65 0 143 251 236 211 38 214 51 41 56 Profit and Loss Statement Balance Sheet ECL Provisioning 149 205 210 241 219 238 244 5 Year Financials & ROE Glossary ESG Tree 210 223 240 26 Investor Presentation Q1FY27 192 35 Profit & Loss Statement 0 65 0 143 Particulars (₹ mn ) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q 251 236 Interest Income on Loans (incl. Processing Fee) 6,335.1 5,598.4 13.2% 6,120.6 3.5% 211 38 214 Interest Income on Fixed Deposits 298.7 322.8 -7.5% 283.1 5.5% 51 Upfronting Income on Fresh Assigned Loans 595.2 474.9 - 827.7 - 41 Reversal Income on Earlier Assigned Loans (469.1) (431.8) - (469.8) - 56 149 Non-Interest Income 331.0 315.0 5.1% 386.7 (14.4%) Interest Expense (incl. Finance Charges) (2,952.1) (2,736.0) 7.9% (2,763.0) 6.8% 205 Net Total Income (NIM) 4,138.9 3,543.4 16.8% 4,385.4 (5.6%) 210 241 Operating Expenses 1,809.9 1,639.5 10.4% 2,011.2 (10.0%) Credit Costs 128.0 112.6 13.7% 66.5 92.3% 219 Profit Before Tax 2,201.0 1,791.3 22.9% 2,307.6 (4.6%) 238 244 Provision for Taxation 488.4 399.0 22.4% 490.9 (0.5%) Profit After Tax 1,712.7 1,392.3 23.0% 1,816.7 (5.7%) 210 Total Comprehensive Income 1,712.7 1,392.3 23.0% 1,816.6 (5.7%) 223 240 EPS – in ₹ (Diluted) – non annualized 21.5 17.5 23.3% 22.8 (5.6%) 27 Investor Presentation Q1FY27 192 35 Balance Sheet 0 65 0 143 Particulars (₹ Mn ) 30-Jun-26 31-Mar-26 251 236 Sources of Funds 211 38 214 Share Capital 793 793 51 Reserves & Surplus 51,403 49,716 41 Borrowings 1,60,705 1,56,856 56 149 Deferred Tax Liability (Net) 1,018 1,004 Other Liabilities & Provisions 3,931 3,757 205 Total 2,17,850 2,12,125 210 Application of Funds 241 Loan Assets 1,87,339 1,83,727 Investments 2,539 2,708 219 238 Fixed Assets 906 921 244 Liquid Assets 20,643 18,433 Other Assets 6,422 6,335 210 223 Total 2,17,850 2,12,125 240 28 Investor Presentation Q1FY27 192 35 ECL Provisions 0 65 0 143 Particulars (₹ mn ) Stage 1 Stage 2 Stage 3 Total 251 236 211 For the period ended Jun’26 38 214 51 Gross Loan Principal Outstanding 1,83,929 2,717 2,101 1,88,747 % of Portfolio 97.45% 1.44% 1.11% 100% ECL Provision Amt. 369 265 773 1,407 41 ECL Provision % 0.20% 9.76% 36.80% 0.75% 56 149 For the period ended Mar’26 Gross Loan Principal Outstanding 1,80,717 2,369 1,938 1,85,023 205 % of Portfolio 97.67% 1.28% 1.05% 100% 210 ECL Provision Amt. 364 235 697 1,296 241 ECL Provision % 0.20% 9.94% 35.95% 0.70% For the period ended Jun’25 219 Gross Loan Principal Outstanding 1,58,780 2,647 1,987 1,63,414 238 % of Portfolio 97.16% 1.62% 1.22% 100% 244 ECL Provision Amt. 256 259 627 1,142 ECL Provision % 0.16% 9.78% 31.52% 0.70% 210 223 240 29 Investor Presentation Q1FY27 192 35 Historical Financial Snapshot 0 65 0 143 CAGR Particulars (₹ bn) FY21 FY22 FY23 FY24 FY25 FY26 (5 Years) 251 236 AUM 94.5 113.5 141.7 173.1 204.2 234.5 20% 211 38 Disbursement 26.6 36.0 50.2 55.8 61.2 67.8 21% 214 51 Total Assets 89.6 110.2 134.1 165.2 186.2 212.1 19% Borrowings 63.5 79.7 98.4 123.4 139.2 156.9 20% Net Worth 24.0 28.1 32.7 37.7 43.6 50.5 16% 41 No of Branches (#) 280 314 346 367 397 435 9% 56 149 CAGR Particulars (₹ mn) FY21 FY22 FY23 FY24 FY25 FY26 (5 Years) Interest income 10,440 12,091 14,992 18,715 21,787 24,610 19% 205 210 Less: Interest Expense (incl. Finance Charges) (4,644) (4,832) (5,982) (8,359) (10,158) (11,051) 19% 241 Net Interest Income (NII) 5,796 7,259 9,010 10,357 11,629 13,559 19% Add: Fees and Other income 426 528 701 1,061 1,333 1,377 26% Add: Net Gain on de-recognition of assets 187 437 408 427 464 861 - 219 Net Total Income (NIM) 6,409 8,223 10,120 11,844 13,426 15,797 20% 238 244 Less :Operating Expenses (2,504) (3,449) (4,506) (5,355) (5,829) (7,055) 23% Pre-provision operating profit (PPOP) 3,905 4,775 5,614 6,489 7,597 8,742 17% Less: Credit Costs (371) (226) (124) (245) (271) (337) 2% 210 Profit Before Tax 3,533 4,549 5,490 6,244 7,326 8,404 19% 223 240 Less: Provision for Taxation (638) (981) (1,189) (1,338) (1,585) (1,856) Profit After Tax 2,895 3,568 4,301 4,907 5,741 6,549 18% 30 Investor Presentation Q1FY27 192 35 ROE Tree - Trend 0 65 0 143 Particulars FY21 FY22 FY23 FY24 FY25 FY26 251 236 211 Interest Income 11.64% 11.46% 11.53% 11.56% 11.62% 11.75% 38 214 51 Less: Interest Expense (incl. Finance Charges) (5.59%) (4.84%) (4.90%) (5.59%) (5.78%) (5.55%) Net Interest Income (NII) 6.05% 6.62% 6.63% 5.98% 5.84% 6.21% 41 Add: Fees, Commission and Other income 1.44% 1.17% 1.32% 1.65% 1.54% 1.29% 56 149 Add: Gain on de-recognition of assets 0.23% 0.44% 0.33% 0.29% 0.26% 0.43% Net Total Income (NIM) 7.71% 8.23% 8.28% 7.91% 7.64% 7.93% 205 Less :Operating Expenses (3.01%) (3.45%) (3.69%) (3.58%) (3.32%) (3.54%) 210 Pre-provision operating profit (PPOP) 4.70% 4.78% 4.60% 4.34% 4.32% 4.39% 241 Less: Credit Costs (0.45%) (0.23%) (0.10%) (0.16%) (0.15%) (0.17%) Profit Before Tax 4.25% 4.55% 4.49% 4.17% 4.17% 4.22% 219 238 Less: Provision for Taxation (0.77%) (0.98%) (0.97%) (0.89%) (0.90%) (0.93%) 244 Profit After Tax 3.49% 3.58% 3.51% 3.28% 3.27% 3.29% Leverage (Avg Total Assets to Avg Net Worth) (x) 3.69 3.83 4.02 4.25 4.32 4.23 210 223 ROE 12.91% 13.72% 14.09% 13.94% 14.12% 13.93% 240 Calculations are based on Avg. Total Asset 31 Investor Presentation Q1FY27 192 35 Environmental, Social & Governance 0 65 0 143 Extra Mile of Corporate Governance Robust Corporate Governance 251 236 The Board of Directors helps improve corporate credibility and governance 2 Women Directors of the Board. 211 standards and manage risk and independent oversight in the Company. 38 214 The company has also implemented the following policies to promote ethical, 51 3 out of 8 Independent Directors on the board. transparent, and accountable behavior:- • Code of practices and procedures for fair disclosure of unpublished price sensitive information (Link) 41 Different role of Chairperson and CEO. • Code of conduct for the Board of Directors and Senior Management personnel 56 (Link) 149 No Independent Director has 10+ years of association. • Internal Guidelines on Corporate Governance (Link) • Vigil mechanism/whistle-blower policy (Link) Executive Remuneration is bound by Malus and Claw Back • Anti-Bribery Corruption Policy (Link) • Know Your Customer and Anti-Money Laundering Measures (Link) 205 Clause. • Fair Practice Code(Link) 210 • ESG Policy (Link) Board Evaluation through digital mode. 241 Ratings Pillars for Sustainable Future Rating Agencies Rating - June ’26 219 CFC Finlease Private Limited 82 (Excellent) 238 CRISIL 64 (Strong) 244 ESG RISK ASSESSMENT 67 (Strong) MORNINGSTAR* (Sustainalytics) 23.9 (Medium Risk) NSE Sustainability 71(Aspiring) 210 S&P Global ESG Score 35 (High Data Availability) 223 240 SES ESG Research 77.7 (High) *Note: A lower ESG risk rating indicates better performance. 32 Investor Presentation Q1FY27 192 35 Annexure - Glossary 0 65 0 143 Ratios Formula Used Ratios Formula Used NIM (%) Net Total Income / Average Total Assets A/E (x) Average Total Asset / Average Equity 251 236 211 Opex to Asset (%) Operating cost / Average Total Assets ROCI (%) PAT / Capital Invested 38 214 Cost to Income (%) (C/I) Operating cost / Net Total Income (NIM) ROA (%) PAT / Average Total Assets 51 Opex to AUM (%) Operating cost / Average AUM ROE (%) PAT / Average Net Worth Terminology Definition Terminology Definition 41 56 ALM Asset Liability Management HL Housing Loan 149 ATS Average Ticket Size LAP Loan Against Property AUM Asset Under Management LIG Low Income Group BVPS Book Value Per Share LTV Loan to Value 205 CAGR Compounded Annual Growth Rate MSME Micro, Small & Medium Enterprises 210 CoB Contractual Borrowing Cost NCDs Non-Convertible Debentures 241 CRAR Capital to Risk Asset Ratio NHB National Housing Bank DPD Days Past Due NHL Non-housing Loan DSA Direct Selling Agents NIM Net Interest Margin 219 DTL Default Tax Liability NNPA Net Non Performing Assets 238 ECL Expected Credit Loss PAT Profit After Tax 244 EIR Effective Interest Rate RCU Risk Containment Unit EPS Earning Per Share RoA Return on Asset 210 ESG Environmental, Social and Governance RoE Return on Equity 223 EWS Economically Weaker Sections RoI Return on Investment 240 GNPA Gross Non Performing Assets TAT Turnaround Time HIG High Income Group Yield Contractual Yield 33 Investor Presentation Q1FY27 192 35 0 65 0 143 251 236 211 38 214 51 Microsoft Excel SVG Vector icon PNG Free Download | UXWing 41 Click here for Factsheet 56 149 205 210 241 219 Aavas Financiers Limited Thank you 238 CIN: L65922RJ2011PLC034297 244 Mr. Rakesh Shinde – Head of Investor Relations rakesh.shinde@aavas.in / 210 investorrelations@aavas.in 223 240 Visit us -