Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Consolidated AUM crossed INR3,209 Cr (+51% y-y); Q2 PAT INR51 Cr vs INR8 Cr y-y - Digital collections at 49% of microfinance repayments as of Sep 2026 - Cost-to-income ratio improved to 42.6% in Q2 FY27; target 7% of AUM by Mar 2027 - CGFMU credit guarantee scheme renewal pending; 51% MFI and 30% MSME portfolio covered - Namra Finance Q2 PAT INR34 Cr vs loss of INR1 Cr y-y; NIM improved to 16.6% - Standalone AUM INR784 Cr (+26% y-y); PAT INR17 Cr in Q2 - Incremental borrowing cost reduced to 11.3% in Q2; capital adequacy ~36-37% - Monitoring drought impact in Maharashtra and Karnataka; minor delinquency rise in Oct - INR5,000 Cr AUM target achievable within 18 months; opex to AUM expected ~6% - Provisions increased due to CGFMU non-availability; potential P&L neutral on renewal - Competition remains; banks selectively pulling back from some microfinance channels