Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 AUM grew 33% y-y to INR72,659 mn; disbursements up 42% y-y - Profit After Tax rose 27% y-y to INR656 mn; RoE improved to 13.4% - Gross NPA improved to 0.66%, net NPA to 0.46%; collection efficiency at 98.3% - Cost of funds declined 50 bps y-y to 10%; NIM expected to close at ~6% for FY27 - AI-enabled operations reduced headcount 11% y-y despite 33% AUM growth - Distribution expanded to 6,415 touchpoints across 23 states - Consumer app launch targeted Q3 FY27 end; 40-50% customer acquisition via app by FY30 - Long-term ROE target 15-18%, ROA target 4-4.5% - Funding cost transiently high due to late quarter capital raises; normalizing in H2 FY27 - Management confident in scalable, technology-led growth with disciplined risk and capital