MUTHOOTMF

August 06, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, 2nd Floor, New Trading Wing, Plot No. C/1, G Block, Rotunda Building, Bandra Kurla Complex, Bandra (E), P.J. Towers, Dalal Street, Mumbai 400001 Mumbai 400 051 Scrip Code: 544055 Scrip Code: MUTHOOTMF Dear Sir/Madam, Sub: Investor Presentation for the Quarter ended June 30, 2026 – Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, we hereby submit Investor Presentation on Unaudited Financial Results of the Company for the quarter ended June 30, 2026. Kindly take the same on records. Thanking you, Yours faithfully, For Muthoot Microfin Ltd. Neethu Ajay Chief Compliance Officer and Company Secretary INVESTOR PRESENTATION Q1 FY’ 2027 Muthoot Microfin Limited Disclaimer Disclaimer By accessing this presentation, you agree to be bound by the following terms and conditions. This presentation (which may reflect some price-sensitive information in terms of SEBI regulations and Companies Act, 2013, as amended from time to time) has been prepared by Muthoot Microfin Limited (the “Company”). The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation may contain certain “forward-looking statements”. These statements include descriptions regarding the intent, belief or current expectations of the Company or its management and information currently available with its management, including with respect to the results of operations and the financial condition of the company. By their nature, such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions that the Company believes to be reasonable in the light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from those contemplated by the relevant forward-looking statement. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regimes, and other statutes. There may be additional material risks that are currently not considered to be material or of which the Company and its advisors or representatives are unaware. Against the background of these uncertainties, readers should not rely on these forward-looking statements. Neither the Company nor any of its advisors or representatives, on behalf of the Company, assumes any responsibility to update or revise any forward-looking statement that may be made from time to time by or on behalf of the Company or to adapt such forward-looking statement to future events or developments. This presentation contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Ind AS, and should not be considered an alternative to profit, operating revenue, or any other performance measures derived in accordance with Ind AS or an alternative to cash flow from operations as a measure of liquidity of the Company. No representation, warranty, guarantee, or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness, or correctness of any information, including any projections, estimates, targets, opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability whatsoever, in negligence or otherwise, for any loss or damage, direct, indirect, consequential or otherwise arising directly or indirectly from use of this presentation or its contents or otherwise arising in connection therewith. This presentation is based on information regarding the Company and the economic, regulatory, market, and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its advisors or representatives are under an obligation to update, revise or affirm. You must make your own assessment of the relevance, accuracy, and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject to change without notice and past performance is not indicative of future results. By attending this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company’s business. This presentation and its contents are not and should not be construed as a prospectus or an offer document, including (as defined under the Companies Act, 2013, to the extent notified and in force) or an offer document under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended. The information contained herein does not constitute or form part of an offer, solicitation, or invitation of an offer to purchase or subscribe, for securities nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto. By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Ernakulam , Kerala, and no other courts shall have jurisdiction over the same. 2 MPG - Legacy of 138+ years of history Muthoot Pappachan Group (MPG) is a Well Diversified Business Conglomerate Our Promoters Automotive Other bussiness Thomas Muthoot Hospitality Chairman & Non-Executive Director, MML Real Estate Information Technology Infrastructure Thomas John Muthoot Chairman, Muthoot Pappachan Group Precious Metals Alternate Energy Sectors Present across microfinance, gold finance, two-wheeler finance and housing finance Thomas George Muthoot Non-Executive Director, MML Muthoot Microfin Limited (MML) is the Promoters have infused Rs 3,421 Mn 2nd Largest company by AUM under the in MML till date Muthoot Pappachan Group. One of the few NBFC-MFIs where the original promoters have continued to retain ownership and control over the business� 3 Journey So Far Journey So Far • MML Rating upgrade to “AA-/Stable” 2026 • Strengthens Non-JLG portfolio. MSEL AUM crosses >32,000 Mn. 2025 • Raised USD 128Mn via ECB. • Secures ESG Score of 72.2 with CareEdge-ESG Rating, highest • Entered Telangana and Andhra rating tier by CARE. Pradesh State • Secures e-KYC Licence to conduct Aadhaar enabled e-KYC for customer onboarding. 2024 • Started operations in Assam. • CRISIL revises outlook on long term facilities/NCDs to ‘Positive’; Ratings Reaffirmed at 'Crisil A+’; CareEdge Global assigns ‘BB-/Stable’ rating to dollar bonds of Muthoot Microfin Limited • Launched the ‘Mahila Mitra’ app 2023 • Company forays into Individual loans, Gold loans and Micro-LAP • AUM Crossed ₹50,000 Mn • Raised ₹1.9 Bn from GPC through preferential allotment The IPO of Muthoot Microfin was launched in Dec-23, witnessed a big interest from investors and was subscribed 2021 by 11.52 times. 2022 • Raised ₹2,200 Mn in a rights issue from existing investors – MFL: ₹351 Mn, Creation: ₹251 Mn, Individual Promoters: • Raised ₹1.9 Bn and ₹818 Mn from GPC in two ₹1,567 Mn, Others: ₹31 Mn separate rounds during the year • Raised an additional ₹300 Mn from Creation • CRISIL upgraded the rating to A+ (Stable) • Crossed 2 Mn active customers 2018 • Crossed 1,000 branches 2019 • CRISIL upgraded the rating to A (Stable) for bank facilities and debt instruments 2017 RBI granted NBFC-MFI status with effect from Crossed 1Mn clients Raised ₹ 150 Mn and ₹ 350 Mn March 25, 2015 from Creation in two separate rounds during the year 2015 2016 Raised ₹500 Mn from Creation 2011 Company was acquired by promoters of “Muthoot Pappachan Group” Cumulatively promoters have infused Rs. 3,421 million into MML 4 Strong Corporate Governance and Support from Promoters Investors Strong Corporate Governance and Support from Promoters & Investors Shareholding as of June’26 Promoter Group Directors Non-Independent Directors Institutions Institutions Foreign, Domestic, 3.38% 0.35% Thomas Muthoot Thomas George Muthoot Chairman & Non-Executive Non Executive Director Director Exp: 39+ years Exp: 39+ years John Tyler Day Non institutions, Muthoot Pappachan Group Muthoot Pappachan Group 16.44% Non Executive Director Exp: 14+ years ESOP, 1.60% Creation Investments Thomas Muthoot MFL, 50.21% Creation, 7.63% Hannah Muthoot John Non Executive Director Executive Director GPC , 15.13% Exp: 15+ years Exp: 5+ Years Muthoot Pappachan Group Muthoot Pappachan Group Individual Independent Directors Promoters, 5.26% One of the few NBFC-MFIs where the original Thai Salas Vijayan Bhama Krishnamurthy Pushpy Babu Muricken Non-Executive Independent Non-Executive Independent Non-Executive Independent Promoters have countinued to retain ownership & Director Director Director Control over the business1 Exp: 45+ years Exp: 42+ years Exp: 18+ years LIC, IRDAI, Shriram Properties SIDBI, Catholic Syrian Bank Joyalukkas, NASSCOM Statutory Auditor Alok Prasad Anil Sreedhar Non-Executive Independent Non-Executive Independent Director Director Internal Exp: 36+ years Exp: 25+ years RBI, NHB, Citicorp GBS Plus, Adra Biotechnologies Auditor Note: 1. Among the top 10 NBFC-MFIs in india (Source : CRISIL Report) 5 Strong Corporate Governance and Support from Promoters Investors Strong Corporate Governance and Support from Promoters & Investors Employee Mix Regional Office Field Monitors- other departments 312 Key Management Personnel and Senior Management Personnel Jun ‘26 1,582 Head Office Field Monitors- Operation 378 team Sadaf Sayeed 434 Chief Executive Officer Area Office Exp: 25+ years, 15+ years with MPG Services: Muthoot Fincorp, HDFC Bank, Indiabulls Credit Services, GE managers Countrywide Consumer Financial Services, Satin, SpandanaSphoorty 475 15,639 Loan Officer 8,518 Branch Management Staff Praveen T Neethu Ajay 3,940 Chief Financial Officer Company Secretary and Chief Compliance Officer Exp: 20 years, 13+ years with MPG Services: Muthoot Fincorp, Exp: 12+ years, 12+ years with MPG Ark Power Controls Awards & Recognition Muthoot Microfin Wins Sustainability excellence - Responsible Finance and ESG Leadership Award at India 2030 Leadership Conclave. Udeesh Ullas Subhransu Pattnayak Muthoot Microfin achieved highest ESG Rating for an NBFC at 80.8 (CareEdge ESG + 1) Chief Operating Officer Chief Human Resource Officer Exp: 22 years, 18+ years with MPG Exp: 25+ years, 13+ years with MPG Muthoot Microfin ranked among top 50 India’s Best Workplaces in BFSI 2026 Services: Muthoot Fincorp, Cochin Bridge Services: Muthoot Fincorp, ICICI Bank Infra. Company, ICICI Bank and Fullerton India Credit Company Muthoot Microfin recognised among India’s Best Workplaces in Microfinance 2026 At ACCESS Assist Conference 2026 - Organised in association with Ministry of Finance and HSBC Jinsu Joseph Linson Chelamattathil Paul ET NOW - Best Organisations for Women 2025 Chief Risk Officer Chief Technology Officer Exp: 16 years, 9+ years with MPG Exp: 25+ years, 3+ years with MPG Services: Maben Nidhi, Tamil nadu Services: V-Guard Industries,Joy Won TransUnion CIBIL Best Data Quality Award - Microfinance Institutions Segment Mercantile Bank Alukkas India Individual Loan Live - With quick and easy loans for income generating activities Dileep Kumar Pathak Deepu S Crossed 1000 Female Ros - A landmark achievement Chief Internal Auditor Chief Information Security Officer Won Best Financial Inclusion Initiative at NBFCs Tomorrow Conclave and DNA Awards 2025 Exp: 16+ years, 14+ years with MPG Exp: 18+ years, 3+ years with MPG Services: Satin Credit Care Network Ltd Services: Deloitte Touche Tohmatsu India LLP, South Indian Bank Honoured with SKOCH Gold for ESG Excellence - Recognising outstanding commitment to ESG Goals Note: Won Top Performing Microfinance Institutions Award at Water.org and SaDhan Awards 2025 1. Employee Data as on Mar 31, 2026 The employee composition displayed in the chart excludes 184 loan officers on the Team Lease & Team up payroll. Won Financial Inclusion Institution of the Year Award 3-Time Winner! - India's Best Workplaces in Health & Wellness 2024 6 Operational Highlights – Q1 FY’27 AUM Disbursement Branch 1,44,572 26,445 1,671 Nos (18.0% YoY)(3.2% QoQ) (48.9% YoY)(-8.1% QoQ) (-3.2% YoY)(0.1% QoQ) Employee Active Clients (Mn) CE (Overall) 15,639 3.25 NTM (in Q1 FY’27) 97.97% (-4.7% YoY) 0.06 (-4.6% YoY)(-0.6% QoQ) (4.97% YoY) (1.54% QoQ) (-0.6% QoQ) GNPA NNPA CE (X Bucket %) 3.70% 1.05% 99.89% (-115 bps YoY)(-19 bps QoQ) (-53bps YoY)(-10 bps QoQ) (0.93% YoY) (0.07% QoQ) 7 Financial Highlights – Q1 FY’27 Income PPOP (Mn) PAT (Mn) INR 6,706 INR 1,985 INR 813 (20.0% YoY) (5.0% QoQ) (43.3% YoY) (2.9% QoQ) (12x YoY) (14.4% QoQ) NIM (%) Opex Ratio (%) Cost to Income Ratio (%) 12.0% 6.3% 53.7% (50 bps YoY) (-1 bps QoQ) (-52 bps YoY) (-03 bps QoQ) (-721 bps YoY) (48 bps QoQ) Credit Cost (%) ROA (%) ROE (%) 2.6% 2.3% 11.2% (-173 bps YoY) (-26 bps QoQ) (209 bps YoY) (18 bps QoQ) (1,029 bps YoY) (111 bps QoQ) 8 Quality-Led Growth with Strengthened Portfolio Resilience & Stability AUM (Mn) 18.0% YoY Disbursement (Mn) 48.9% YoY Clients (Mn) 4.7% YoY Client (Lks) Avg OS/Client ('000) 1,22,528 1,25,588 1,30,786 1,40,056 1,44,572 17,756 22,739 24,922 28,767 26,445 3.41 3.36 3.33 3.27 3.25 44 43 39 37 36 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 AUM grew steadily by 3.2% QoQ and 18.0% YoY to ₹144,572 Mn. Growth Q1 FY'27 recorded 48.9% YoY growth in disbursements despite flat The decline in the client base (-0.6% QoQ; -4.7% YoY) reflects a strategic continues to be quality-led, underpinned by portfolio diversification and sourcing, demonstrating the success of strategic initiatives focused on pivot toward quality-led growth, driven by stronger borrower selection and robust traction in the MSEL loan portfolio, which expanded 35% QoQ. enhancing conversion efficiency and optimizing average ticket sizes. portfolio diversification across MSEL and MSME. NTM Client Count (Mn) Product Mix Evolution AUM Split ETM & NTM Clients (MML Customer Segment by no. of unique products) NTM Existing 10% 15% 22% 31% 13% 0.11 0.09 0.08 0.08 0.06 45% 14% 16% 11% 64% 12% 17% 12% 18% 100% 19% 18% 12% 18% Q4 FY'26 Q1 FY'27 10% 14% 28% 21% 17% 16% 9% 12% 5% 7% 3 5 % % 14% 16% 18% 20% 10% 6% 1 2 3 4 5 6 7 & above 30% 70% 28% 72% Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Microfinance Loan Business Loan Personal Loan Gold Loan Mortgages Other The above segregation is based on the Active loan of the customers and how their preference evolves with vintage in terms of product preferences. 9 Key Metrics Key Metrics Branch Count RO Count Male Female AUM per Branch (Mn) 1,726 1,718 1 9,854 9,501 9,357 8,900 8,644 71.0 73.1 77.3 83.9 86.5 1,691 22 10 2 43 1,670 1,671 18 12 10% 10% 4 25 2 11% 12% 13% 12 1 3 3 1,726 1,718 1,699 90% 90% 89% 88% 87% 1,691 1,670 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Opening Count New Branches Split Branches Closed Branches Closing Count AUM per RO (Mn) Client per Branch Client per RO 12.4 13.2 14.0 15.7 16.7 1,977 1,955 1,972 1,960 1,948 346 354 356 368 377 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 10 Strategic re-alignment through Diversification 1/2 Strategic re-alignment through Diversification 1/2 Portfolio Concentration (Region-wise Trend) Number of Branches Per State 16% 16% 16% 15% 15% 392 Districts West 14% 13% 13% 13% 1,671 Branches 12% East 24% 24% 23% 23% 23% North 4 49% 42 48% 48% 48% South 9 47% NORTH 33 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 145 57 14 161 Disbursement Spread (Region-wise Trend) 124 50 27 47 17% 16% 15% 15% 13 14% West 89 84 12% EAST East 10% 10% 11% 9% 22 23% 21% North 22% 19% 20% WEST 32 55% 56% South 50% 54% 50% 130 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 SOUTH 379 209 The portfolio remains well diversified across regions, with the South maintaining its position as the anchor market. The region contributes 63% of the individual loan portfolio and 49% of overall AUM, reflecting deeper market penetration and a mature portfolio profile driven by strong traction in individual loans. Rural AUM penetration remained stable at 97.3% in Q1 FY'27, reflecting the MML's continued focus on rural lending and the strength of its well-established rural presence. 11 Strategic re-alignment through Diversification 2/2 Exposure of Districts (% of GLP) Consistent strength across key metrics in KL & TN Top 1 3% JLG Loan MSEL & MSME LAP Pan India Top 3 8% AUM (Mn) Top 5 11% 12,370 Mn TN 25,133 Mn (67%) (33%) MSEL & MSME LAP 23% Top 10 19% 15,584 Mn 5,112 Mn KL (75%) (25%) Other 81% GNPA TN 2.4% GNPA 3.7% KL 1.5% Exposure of Districts (% of GLP) 3, 0.7% X Bucket CE 10, 2.6% 0, 0.0% TN 100.3% 44, 11.2% X Bucket CE 99.89% KL 104.2% Digital Collection TN 46.12% Digital Share 40.48% 335, 85.5% KL 47.97% <0.5% 0.5% - 1% 1% - 2% 2% - 3% No of Districts, % of Total Districts 12 Muthoot Small Enterprise Loan - Snapshot Portfolio - E-Nach & UPI Mandate Success 13% NACH bounce recoveries Muthoot Small Mandate Enrollment rate with on-time were largely completed by T+3 Q1 FY’27 Enterprise Loan | CE payment Q1 FY’27 and fully by T+8, ensuring Disbursement ~100% collection efficiency with E-Nach : 100% negligible delinquency of 0.1%. 87% 10,510 Mn 32,110 Mn CE : 99.97% Quarter wise Disbursement (Mn) Region-wise Portfolio share (Mn, %) Month wise Growth - Portfolio (Mn) West Disb ATS 0.181 2,980 , East 9% 0.177 0.177 0.175 3,251 , 32,110 10.0% TN 12,264 , 38% 23,832 14,097 5,766 North 18% 10,510 8,742 10,925 3,029 , 10% 4,820 , 15% 2,529 2,504 ROS KL Q2 FY'26 Q3 FY'26 Q4 FY'26 Q1 FY'27 Q2 FY'26 Q3 FY'26 Q4 FY'26 Q1 FY'27 *ROS(Rest of South) includes KA, TG & AP, with KA holds the share of 9.1%. 13 Muthoot Small Enterprise Loan - Performance Summary Q1 FY’27 NACH Collection Payment Status Delinquency 86.9% 95.8% 97.9% 99.1% 99.97% 0.10% 0.02% Nil On Time (T) T+1 T+2 T+3 T+8 0+ 30+ 60+ 90% of NACH payments were made on time, while bounce recoveries were largely completed by T+3 and fully by T+8, ensuring ~100% DLQ is based on the New Book portfolio originated since FY'26 collection efficiency with almost Nil delinquency. and includes a ₹20 million death-related exposure. Cycle-wise Muthoot Small Enterprise Loan Purpose-wise Concentration Digitalization Disbursement share Digital 100% Trading 7th & above 6th Cycle Agriculture 10.3% 3.8% 30.4% 5.7% 5th Cycle 2nd Cycle 35.8% 8.7% 31.7% Services 14.6% 21.1% Animal 4th Cycle Husbandry 31.4% 6.5% App Adoption 100% 3rd Cycle Manufacturing 14 Resilient Business Model – Proven over time Resilient Business Model – Proven over time TN Floods & Heat wave, Flood & Election TN, BH, WB & Rain Impact in PB Karza Mukti 2024 OD Floods & Northern & Western 2024 Fengal cyclone States 2024 1,44,572 1,40,056 1,25,185 1,30,786 1,21,935 1,22,103 1,24,049 1,23,567 1,22,528 1,25,588 1,08,671 AUM 3.03% 4.84% 4.85% 4.61% 4.40% 3.89% 3.70% 2.70% GNPA 2.10% 2.37% 2.29% H1 FY’24 H2 FY’24 Q1 FY’25 Q2 FY’25 Q3 FY’25 Q4 FY’25 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Disbursement (Mn) IGL & Others MSEL Secured AUM (Mn) IGL & Others MSEL Secured 22,739 22,739 24,922 28,767 26,445 1,22,528 1,25,588 1,30,786 1,40,056 1,44,572 1,10,242 14,405 1,15,715 13,826 1,22,427 1,22,949 1,19,590 16,021 20,155 17,749 10,510 14,097 32,140 8,742 2,529 1 55 159 266 2,109 89 2,572 10,976 23,870 6 12 67 220 471 2,190 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 • Muthoot Small Enterprise Loan AUM including old book • Secured Loan including MSME LAP & Gold 15 Collection Efficiency CE % 93.62% 93.97% 95.85% 95.24% 92.60% 93.00% 93.34% 94.80% 96.43% 97.97% 90.68% FY'25 FY'26 Q1FY'25 Q2FY'25 Q3FY'25 Q4FY'25 Q1FY'26 Q2FY'26 Q3FY'26 Q4FY'26 Q1FY'27 Overall CE - X Bucket 99.51% 99.58% 99.91% 100.04% 99.05% 98.97% 98.96% 99.79% 99.80% 99.82% 99.89% FY'25 FY'26 Q1FY'25 Q2FY'25 Q3FY'25 Q4FY'25 Q1FY'26 Q2FY'26 Q3FY'26 Q4FY'26 Q1FY'27 16 Collection Performance – Overdue Overall 714 875 426 507 035 DME (Mn) 13 73 93 24 72 301 321 821 771 631 FO (Mn) 382 814 754 684 763 DMS Performance (Collection incld. closures) 27% FO Productivity (Mn) 30% 32% 0.15 0.14 -13% Agency (Mn) Q1 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Month-wise Overall Collection Overdue PTP Conversion PTP Generation Vs Conversion FY-26-27 Overall Collection PTP Conversion % Conversion against Cust Visit PTP Generation PTP Conversion 193 186 199 180 210 234 216 232 258 163 182 185 58% 77% 64% 78% 61% 77% 61% 76% 59% 77% 64% 61% 61% 59% 58% 1,24,902 1,07,938 1,12,133 92,053 80,624 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Jul’25 Aug’25 Sep’25 Oct’25 Nov’25 Dec’25 Jan’26 Feb’26 Mar’26 Apr’26 May’26 Jun’26 YoY YoY YoY YoY 17 Asset Quality 1/3 Asset Quality 1/3 Loan Assets Loan Assets ECL (%) ECL (%) Particulars Q1FY27 Slab ECL (Gross) (Gross)(%) (Q1 FY 27) (Q4 FY 26) Opening ECL (A) 4,220.06 Stage 1 1,03,948.67 965.31 94.57% 0.93% 0.94% Additions (B) Stage 2 1,897.32 173.46 1.73% 9.14% 8.70% - Provisions as per ECL Model -135.75 Stage 3 4,069.90 2,945.54 3.70% 72.37% 71.53% - Additional Management Overlay - Total 1,09,915.89 4,084.31 100.00% 3.72% 3.90% Reversals on account of derecognition of financial instrument (ARC transaction) (C) - GNPA 3.70% 3.89% Closing ECL (D = A+B-C) 4,084.31 NNPA 1.05% 1.14% Writeoff including waivers (E) 1,091.44 Provision for impairment on loan assets (F) -135.75 (in Mn) Other Provisions (G) 11.42 Total Provision as per IND AS 4,084.3 Baddebts Recovered (H) 48.60 IRAAC Provision 1,975.3 Net Credit Cost (I = E+F+G-H) 918.51 Difference in ECL vs IRAAC 2,109.0 Net Loss on derecognition of financial instrument (ARC transaction) (J) - Total Impairment Cost, including Loss on Derecognition of Financial Asset (ARC 918.51 Transaction) (K = I+J) • The overall provision coverage on total assets stands at 3.7%. The Provision coverage on stage 3 assets is at 72.4%. The IRAAC provision is much lower than the ECL with a gap of 210 Cr, the overall provision is at Rs. 408 Cr. There is no management overlay in the provision. • The NPA is on reducing trend at 3.70% and NNPA at 1.05%, lowest in 6 quarters. The Credit cost at 2.6% is lowest in 8 quarters. 18 Asset Quality 2/3 Asset Quality 2/3 GNPA, NNPA & Provision Coverage Stage 2 & 3 Comparison %93.7 %22.3 %62.6 %29.2 %79.2 %12.1 %92.2 %19.0 %48.4 %43.1 %58.4 %85.1 %16.4 %14.1 %04.4 %43.1 %98.3 %41.1 %07.3 %50.1 GNPA Ratio NNPA Ratio (Net of Stage III provision) Provision Coverage (Net of Stage III Provision) 73.3% 68.5% 70.4% 70.5% 71.5% 72.4% 58.3% 54.9% 59.9% 61.0% 8 0.0% 7 6 0.0% 5 40.0% 3 20.0% 1 0.0% FY 21 FY 22 FY 23 FY 24 FY 25 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Stage 2 (31-90) Stage 3 (90+) 7.4% 6.3% 4.8% 4.8% 4.6% 4.4% 5.7% 3.9% 3.7% 3.0% 4.5% 4.6% 2.3% 4.0% 3.8% 3.8% 2.7% 0.6% 1.7% 1.1% FY 21 FY22 FY 23 FY 24 FY 25 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 19 Asset Quality 3/3 Asset Quality 3/3 Borrowers % Portfolio % Client Distribution : MML maintains a controlled Lender Group exposure in the 'Own + 3 or more lenders' segment at Q1 FY-27 Q4 FY-26 Q3 FY-26 Q2 FY-26 Q1 FY-26 Q1 FY-27 Q4 FY-26 Q3 FY-26 Q2 FY-26 Q1 FY-26 5.4%, demonstrating a continued strategic reduction of 1.2% over the previous quarter and a significant 8.% Unique 46.2% 43.4% 41.7% 39.4% 36.8% 44.1% 42.1% 39.2% 37.3% 34.9% reduction since Q1 FY'26. Additionally, Portfolio quality continues to trend Own+1 32.0% 32.0% 31.6% 30.7% 29.2% 35.6% 35.2% 35.1% 34.3% 32.6% positively, as 30+ PAR declined marginally from 4.70% to 4.67%, reinforcing the stability of the lending Own+2 16.4% 18.1% 19.0% 19.8% 20.4% 17.9% 19.4% 20.8% 21.8% 22.6% portfolio. Own+3 3.7% 4.5% 5.4% 6.9% 8.8% 2.1% 2.8% 4.0% 5.2% 7.5% Over-Indebtedness Reduction: The share of MML customers with total indebtedness above 2 lakhs remains well-controlled at 0.8%, reflecting stable risk Own+4 & Above 1.7% 2.0% 2.3% 3.2% 4.7% 0.3% 0.5% 0.9% 1.4% 2.5% management.The portfolio continues to strengthen toward a lower-risk profile. Total % 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Performance of Unique Borrowers to Muthoot Borrowers % Portfolio % Lender Group *30+ PAR% X Bucket CE% Q1 FY-27 Q4 FY-26 Q3 FY-26 Q2 FY-26 Q1 FY-26 Q1 FY-27 Q4 FY-26 Q3 FY-26 Q2 FY-26 Q1 FY-26 Upto 50K 51.2% 48.4% 47.6% 45.3% 42.6% 17.5% 17.2% 18.2% 17.3% 16.2% 28.30% 100% 100% 100% 100% 50k - 1Lk 28.0% 29.4% 30.4% 31.2% 31.6% 40.7% 40.1% 40.4% 41.2% 40.9% 99% 1Lk - 1.5Lk 14.9% 15.9% 16.3% 17.4% 18.9% 29.3% 29.8% 29.8% 30.2% 31.0% 16.40% 1.5Lk - 2Lk 5.1% 5.6% 5.1% 5.3% 5.9% 11.1% 11.4% 10.4% 10.0% 10.5% 7.20% 5.70% 4.70% 2Lk Above 0.8% 0.8% 0.7% 0.8% 1.0% 1.4% 1.5% 1.3% 1.2% 1.4% Total % 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Unique to Us+1 Us+2 Us+3 Us+4 & Above Unique to Us+1 Us+2 Us+3 Us+4 & Us Us Above 20 Digitization driving Collections Customer App Installation (Cum. Mn)¹ Cumulative Digital Collection (Mn) 1.85 1.89 1.94 2.02 2.09 58,673 60,312 61,936 63,675 65,377 67,071 68,973 70,789 72,814 74,947 77,228 79,701 82,377 85,242 88,304 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Digital Client Acquisition (Mn)² Channel-wise digital collection share% Digital Share % 0.12 0.12 0.10 0.09 0.10 6.6% 40.5% Q1 FY'27 26.9% 33.7% 36.6% 2.8% 33.9% Q4 FY'26 34.5% 37.9% 25.1% 2.5% 27.8% Q3 FY'26 44.0% 44.4% 8.9% 2.7% 24.8% 23.1% Q2 FY'26 48.0% 49.2% 2.8% Q1 FY'26 49.1% 48.2% 2.7% Q4 FY'25 52.2% 45.6% 2.2% Q3 FY'25 53.4% 45.5% 1.1% Q2 FY'25 53.8% 46.2% 0.0% Q1 FY'26 Q2 FY'26 Q3 FY'26 Q4 FY'26 Q1 FY'27 Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 Q1 FY’27 Q1 FY'25 56.3% 43.7% 0.0% MSEL & MSME accelerated digital collections, increasing digital share from 33.9% to 40.5% in Q1 FY’27 Compared to Q4 FY'26 and contributing 42% of total digital collections, with 97%/98% Digital collections delivered a steady performance this quarter, reaching ₹8,603 Mn. DYNAMIC-QR BBPS NACH Others segment-level digital adoption. Note: 1.App Installation represents the cumulative count of customers who have downloaded and registered “Mahila Mitra” app 2. Digital Collection share in the overall collection is the ratio of digital collection to the overall collection for the relevant Quarters. If a client completes their first-ever digital transaction, we classify them as having being digitaly acquired. 21 Performance & Annual Guidance Guidance FY 27 Guidance FY 27 Guidance Actual Revised Guidance Particulars Remarks FY 27 Q1 FY 27 FY 27 Growth is expected to started coming. Expected to do AUM -Growth 12% - 15% *12.9% 18% - 20% improve full year growth for FY 27 The NIM is on improving trend as weighted average yield to NIM 12.3%-12.5% 12.00% 12.3%-12.5% improve further. Operating Cost 6.2%-6.4% 6.30% 6.1%-6.4% The Opex to rationalise on improvement on productivity. Credit Cost 2.7%-3.0% 2.60% 2.5%-3.0% The Credit cost is stabilised and expected to improve YoY. RoA will improve further on the back of portfolio growth and RoA 2.5%-3.0% 2.30% 2.5%-3.3% NIM improvement. RoE 12%-15% 11.30% 12%-18% ROE will improve with overall performance AUM growth rate is revised to 18% - 20% for FY’27 * Annualised growth rate P & L Statement Financial Comparison Q1 FY 27 Q1 FY 26 YoY (%) Q4 FY 26 QoQ (%) FY 26 Income Revenue from operations 6,686.4 5,586.2 19.69% 6,318.1 5.83% 23,695.7 Other income 19.7 4.4 351.63% 70.8 -72.14% 111.3 Total income 6,706.1 5,590.6 19.95% 6,389.0 4.96% 23,807.0 Expenses Finance costs 2,467.4 2,097.6 17.63% 2,315.8 6.55% 8,744.6 Employee benefit expenses 1,616.6 1,522.3 6.19% 1,487.3 8.69% 6,035.1 Net Loss on derecognition of financial instrument - 73.6 -100.00% - 0.00% 73.6 Impairment on financial instruments 918.5 1,253.8 -26.74% 958.6 -4.19% 4,393.1 Depreciation and amortisation expense 108.7 110.0 -1.24% 106.7 1.87% 431.3 Other expenses 528.9 475.6 11.20% 551.2 -4.05% 2,040.1 Profit before tax 1,066.0 57.6 17x 969.3 9.97% 2,089.1 Profit after tax 813.4 61.8 12x 711.2 14.36% 1,702.7 Total comprehensive income 846.0 82.3 9x 839.9 0.73% 2,136.1 23 Robust Fiscal year performance in terms of Income/Profitability (1/2) Robust Fiscal year performance in terms of Income/Profitability (1/2) Total Income (in Mns) PPOP (in Mns) 25,646 8,676 23,807 6,556 5,591 5,774 6,054 6,389 6,706 1,928 1,985 1,753 1,385 1,490 FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Credit Cost (in Mns) PAT (in Mns) 1,703 11,565 813 711 624 305 62 4,467 FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 1,327 1,119 1,062 959 919 -2,225 FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Robust Fiscal year performance in terms of Income/Profitability (2/2) Robust Fiscal year performance in terms of Income/Profitability (2/2) Cost Ratio's Cost to Income 60.9% 59.8% 12.4% 57.0% 11.9% 11.9% 12.0% 12.0% 12.0% 54.8% 11.5% 53.2% 53.7% 47.5% 9.4% 6.2% 6.7% 6.9% 7.0% 6.5% 6.4% 6.3% 4.3% 3.5% 3.6% 3.3% 2.8% 2.6% FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Net Interest Margin Opex Ratio Provisioning Cost Profitability Ratio’s ROE 2.5% 2.3% 2.4% 2.0% 2.1% 1.9% 11.2% 1.8% 1.7% 10.1% 9.1% 1.3% 1.0% 6.2% 0.2% 0.3% 4.6% FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 0.9% FY 25 FY 26 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 -1.5% -1.8% PAT/ROA TCI/ROA -8.2% 25 Credit Cost Consistant Improvement in Credit Cost Consistant Improvement in Credit Cost 6 years Average Credit Cost : 3.8 % *Credit Cost including 5 years Average Credit Cost management overlay in FY’25 is 9.4% 2.7 % (excluding the impact year) : 9.40% 2,297 7.50% 4.30% 3.60% 3.30% 3.00% 3.00% 2.80% 2.60% 2.30% 1.60% FY 21 FY 22 FY 23 FY 24 FY 25 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Note - MML ECL policy includes GDP and Inflation as macro factors along with Per Capita Income and Unemployment. The RBI positive revision on GDP forecast and Inflation can have a positive bearing on the Credit cost. Balance Sheet (Rs in Millions) Financial Assets Jun'26 Mar'26 Financial Liabilities Jun'26 Mar'26 Cash and cash equivalents 11,745.0 7,011.5 Derivative financial instruments - - Bank balances other than cash 4,594.3 4,396.2 Total outstanding dues of creditors 220.0 213.7 Trade receivables 327.2 253.6 Debt securities 10,201.8 10,426.1 Other receivables 379.7 356.5 Borrowings (other than debt securities) 90,309.2 85,046.9 Loans 1,05,831.6 1,03,964.7 Lease liabilities 1,578.2 1,599.5 Investments 3,961.5 4,058.3 Other financial liabilities 607.8 757.5 Derivative financial assets 1,706.0 1,826.4 1,02,917.1 98,043.7 Other financial assets 1,127.7 1,939.4 1,29,673.0 1,23,806.7 Non-financial liabilities Non-financial assets Deferred tax liability (net) - - Current tax assets (net) 343.0 355.6 Provisions 215.1 157.8 Deferred tax asset (net) 427.1 480.8 Other non-financial liabilities 105.4 103.4 Property, plant and equipment 680.5 693.1 320.5 261.2 Right of use assets 1,266.6 1,295.1 Equity Other intangible assets 8.6 4.4 Equity share capital 1,677.7 1,677.7 Other non-financial assets 232.0 212.3 Other equity 27,715.6 26,865.5 2,957.9 3,041.4 29,393.3 28,543.1 Total assets 1,32,630.9 1,26,848.1 Total liabilities and equity 1,32,630.9 1,26,848.1 27 Balance Sheet Metric Balance Sheet Metric Networth (in Mns) CRAR 28,543 29,393 29.0% 28,044 27.9% 26,322 24.9% 23.9% 21.9% 16,258 FY 23 FY 24 FY 25 FY 26 Q1FY27 FY 23 FY 24 FY 25 FY 26 Q1FY27 Debt/Equity Cost of Borrowing 3.99 11.20% 11.02% 3.34 3.42 10.94% 2.98 3.01 10.27% 10.13% Marginal CoF 9.8% FY 23 FY 24 FY 25 FY 26 Q1FY27 FY 23 FY 24 FY 25 FY 26 Q1FY27 28 Cost of Fund movement of Structured Transactions Proportion of PTC Borrowing 34% (32,897Mn), FY 26 Q1 FY 27 39% (10,789Mn) , Proportion of PTC Proportion of PTC Proportion of PTC Other Borrowing 61% (16,545Mn), 66% (62,477Mn), Other Borrowing Other Borrowing Note – MML Expect to borrow 30% of the incremental borrowing through PTC route. The Cost of borrowing with various sectors of lenders. PTC (in Mns) 14 9 20 5 Private Sector Banks 32,897.5 Amount of Funding Foreign Bank FLDG Offered as CE Public Sector Private Sector Banks, 8.17% Banks, 8.42% Public Sector Banks 21,197.2 Count of transactions 15,636.6 The all in cost include all the structuring PTC transaction executed which 10,789.3 cost and any negative carry on the Credit highlight that MML is capable to enhancement portion as well. do the PTC funding consistently Foreign Bank, 8.14% 2,208.3 in any market condition. 942.8 1,400.5 557.5 - FY 24 FY 25 FY 26 Q1 FY 27 Funding Profile Funding Profile Liquidity-current Position (in Mns) Lender-wise Outstanding Q1 FY’27 Domestic DFI SFB 4% 25,000 3% Foreign DFI Public Sector 5% Retail Banks 7% 17% 14,850 13,279 NBFC 6% Foreign Banks Private 10% Sector Banks Liquid funds in hand DA/PTC Sanction Pending Term loan/NCD Sanctions unutilised 49% Funding Profile-Mobilisation of funds (in Mns) Credit Rating Agency Rating 95,374 Long Term Rating CRISIL AA-/Stable 92,416 ECB Rating CRISIL AA-/Stable 74,712 73,746 NCD Rating CRISIL AA-/Stable CP Rating CRISIL CRISIL A1+ 47,365 MFI Grading CRISIL M1C1 27,334 22,973 Global Rating (GIFT City) CARE Edge BB-/Stable ESG Rating CARE Edge Care-Edge ESG-1+ FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 30 Liquidity – Static Liquidity Position Liquidity – Static Liquidity Position Static ALM (in Mns) Maturity ALM (in Mns) 783,6 691,02 560,7 311,7 830,8 271,7 772,02 922,02 055,83 250,53 236,44 002,26 27,014 13,809 13,857 12,991 12,943 9,445 1 Month 1-2 Month 2-3 Month 3-6 Month 6-12 Month Above 1 Yr Liabilities Assets Cumulative Mismatch 085,5 511,7 452,6 010,7 322,7 486,6 992,71 253,91 165,33 634,33 126,93 560,85 22,123 3,804 3,678 2,290 1,534 1,751 1 Month 1-2 Month 2-3 Month 3-6 Month 6-12 Month Above 1 Yr Borrowings Loan Assets Cumulative Mismatch 31 Robust Risk Management via use of Technology and expert human touch Risk Management Framework Dedicated Credit Managers at all Efficient and Independent Internal Unique credit score developed along Collections branches Audit & Compliance team with Equifax Credit Managers supervised Audits each branch at 1,911 468 Collections Team Allocate more by Area Credit Managers and least once every quater 853 Charge higher Strength capital; Maximise Regional Credit Managers Team Strength interest rates collection efficiency Collection strategy Branch structure DPD Teams Involved Responsibility/Activity Low Medium 0-30 Operations team Regular follow-up for collection directly on field Risk Risk Precision time protocol generation over call by risk Operations team along with risk containing unit tele calling team to support the 31-90 containing unit tele calling team operations team for collection on field Very High In-house debt management Low Risk Risk 91-180 Direct customer visit on field services team In-house debt management Direct customer visit on field and agency collection with officer officer officer services team & agency 180+ strict monitoring of agency performance and conduct collections team 32 OR  KYC Authentication  Realtime CB  Automated Appraisal  Bank Account Verification  Credit Score based exposure  Realtime Collection  Realtime SMS Confirmations  Digital Payment Channels MCB  Systematic Income Assessment  Geo Tagging  Closure Verification  Cash Holding Verification MRB  Loan Appraisal  Aadhar based E-Signing  Liveliness  Collection Confirmation  Branch EOD yhcrareiH  GRT’s  Geo Tagging  Systematic Branch, Centre & Client Visits  Geo Tagging emotsuC r Internal Controls RO Internal Controls RO Field Monitoring  Comprehensive Field Visit Policy.  System driven field visit target setting & measurement  Mobile app-based visit recording with Geo-tagging.  In Application check list to certifying compliance. Structure Controls Internal Audit Team  Ensuring constant adherence to quality in terms of Regulatory Norms, Credit Policy and Documentation. Risk Team  Dedicated Risk team to analyse and report the process, System Controls systems and operational risk. Branch Credit Managers  Independent Credit Managers to do Loan Appraisals.  Mandatory field visit & KYC verification.  Cash flow analysis to avoid over leveraging. Process Controls  Ensuring compliance with 50% FOIR norms. Branch Relationship Managers  Additional level of Loan Appraisal.  Branch Disbursement meeting.  Loan Utilization Check.  System driven Branch EOD & Cash holding control.    RO – Relationship Officer BRM – Branch Relationship Manager EOD- End Of the Day    BCM – Branch Credit Manager CB – Credit Bureau GRT – Group Recognition Test 33 Digital Eco - System Suvidha Loan Suvidha Loan Client Web Whatspp App Login App CB Enquiry UPI Credit SMS Score Run Mandate Penny Drop Verification Tele Dynamic Verification BBPS QR Document E-Sign Bank AC UPI BHIM Credit Payments Voice Suvidha Disb Suvidha Note : Express loan processed 5,158.5 Mn 62,498 from Inception: Active Clients: through customer application without branch visit. 34 Technology Interventions Technology Interventions Customer Group Group Loan Sanction Centre Onboarding Training Confirmation & Disbursement Meeting Score card-based Nominee KYC System supported Multiple payment E-signing exposure Verification group evaluation channels Real time CB System supported Master Centre Digital access Real time collection check Training process Geo tagging to documents receipt Loan Aadhaar Based e-KYC Geo Electronic Fund Real time SMS Verification Tagging Evaluation Transfer confirmation Penny drop Automated Systematic FOIR Liveliness On field Loan verification Credit Decisioning based exposure check Utilization Check Client Geo Geo Tagging Tagging • Continuously enhancing system capabilities through technological integrations to increase efficiency, reduce costs, and mitigate risks. 35 Past Five Years Track Record Past Five Years Track Record AUM (Mn) Disbursements (Mn) Borrowers (Mn) CAGR 22% CAGR 19% CAGR 12% 1,40,056 1,06,616 3.35 3.43 3.27 1,21,935 1,23,567 94,184 88,725 81,045 2.77 92,083 2.05 62,550 46,470 FY-22 FY-23 FY-24 FY-25 FY-26 FY-22 FY-23 FY-24 FY-25 FY-26 FY-22 FY-23 FY-24 FY-25 FY-26 Loan Officers Employees Branches CAGR 17% CAGR 16% CAGR 18% 1,699 1,670 15,989 15,735 1,508 9,748 13,866 8,900 8,539 1,172 10,227 6,274 905 8,178 4,994 FY-22 FY-23 FY-24 FY-25 FY-26 FY-22 FY-23 FY-24 FY-25 FY-26 FY-22 FY-23 FY-24 FY-25 FY-26 36 Glossary Glossary Particulars Definition Cost of Borrowing(%) Cost of borrowing represents annually weighted average interest cost on borrowings, weights being annual average borrowings. Borrowings include debt securities, subordinated liabilities, and borrowings (other than debt securities) Cost to Income Ratio Cost to Income ratio is the ratio of the aggregate of our fees and commission expenses, employee benefit expenses, operating expenses and depreciation and amortisation expense to total income net of finance cost for the relevant period. Credit Cost Ratio Credit cost represents impairment on financial instruments for the relevant period as a percentage of average monthly gross outstanding loan portfolio. Debt to Equity (D/E) Debt to equity represents the ratio of our Total Borrowings to our Net Worth. Gross NPA ratio (GNPA) Gross NPA ratio represents the ratio of our Stage III assets to total outstanding loan portfolio. Total outstanding loan portfolio represents the aggregate of future principal outstanding and overdue principal outstanding, if any, for all loan assets held by our Company as of the Net Interest Margins Net Interest Margin is the ratio of our Net Interest Income to our average monthly gross loan portfolio. Our average monthly gross loan portfolio is the simple monthly average of our gross loan portfolio for the relevant period. Net NPA ratio (NNPA) NNPA ratio represents the ratio Stage III loans (NPA as per SMA classification) - Stage III Expected Credit Losses (ECL)/ (Gross loan outstanding Stage III Expected Credit Losses) Pre-provision operating profit before tax (PPOP) Pre-provision operating profit before tax represents the sum of profit before tax for the relevant period and impairment on financial instruments for such period. Provision Coverage Ratio Provision Coverage Ratio (%) represents the ratio of Stage III impairment allowance on term loans (gross) to Stage III Assets (Gross NPAs) for the relevant period. Return on annual average equity (ROE) Return on annual average equity represents the ratio of our Profit After Tax attributable to equity holders to our annual average of net worth. Return on average gross outstanding loan portfolio (ROA) Return on average gross loan portfolio represents profit for the relevant period as a percentage of average monthly gross outstanding loan portfolio for such period. CRAR The capital to risk assets ratio (CRAR) is calculated as capital funds (Tier I capital plus Tier II capital) divided by risk-weighted assets (the weighted average of funded and non-funded items after applying the risk weights as assigned by the RBI). Opex Opex ratio represents the sum of operating expenses as a percentage of average monthly gross outstanding loan portfolio. 37