Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Consolidated AUM grew 36% y-y to INR2,925 Cr; disbursements up 76% y-y to INR686 Cr in Q1 FY27 - Collection efficiency steady at 96.6%; GNPA improved to 2.76%, NNPA to 0.84% - Consolidated PPOP rose to INR77 Cr; cost-to-income improved to 44.3% - Standalone AUM at INR758 Cr (+26% y-y); MSME disbursements INR156 Cr; PAT INR15 Cr (+17% y-y) - Namra Finance AUM at INR2,167 Cr (+39% y-y); disbursements INR530 Cr; PAT INR30 Cr vs loss in Q1 FY26 - Credit cost guidance around 3% to 3.5%; focus on quality growth and disciplined underwriting - Individual loans performing better than JLG; digital collections improving opex efficiency - Liquidity maintained at INR300 Cr (~1.5 months repayment plus 1 month disbursement) - Infrastructure supports disbursements of INR700-750 Cr per quarter in microfinance - LAP product growth slower due to competition; solar loans small scale, low risk, 18-20% yield