PTC INDIA FINANCIAL SERVICES Q2 CONCALL : LOAN BOOK GROWS 25% QOQ; DISBURSEMENTS HIT 19-QUARTER HIGH, MANAGEMENT TARGETS ₹5,000 CR LOAN BOOK BY MARCH 2027

MANAGEMENT GUIDANCE & OUTLOOK • MANAGEMENT TARGETS ₹5,000 CR LOAN BOOK BY MARCH 2027, AGAINST ₹3,684 CR IN SEPTEMBER 2026, REQUIRING APPROXIMATELY 36% ADDITIONAL GROWTH • MANAGEMENT ASPIRES TO ACHIEVE AT LEAST 25% ANNUAL LOAN BOOK GROWTH IN COMING YEARS, SUBJECT TO FUNDING AVAILABILITY & REPAYMENTS • MANAGEMENT EXPECTS APPROXIMATELY ₹2,500 CR SANCTIONED BUT UNDISBURSED LOANS TO SUPPORT FUTURE DISBURSEMENTS • MANAGEMENT ESTIMATES H2 FY27 SCHEDULED REPAYMENTS OF APPROXIMATELY ₹300 CR, EXCLUDING VOLUNTARY PREPAYMENTS • MANAGEMENT EXPECTS BORROWING COSTS TO MODERATE GRADUALLY THROUGH LOAN BOOK EXPANSION, STRONGER BANKING RELATIONSHIPS & POTENTIAL CREDIT RATING IMPROVEMENT FINANCIAL PERFORMANCE & LENDING GROWTH • Q2 LOAN BOOK GREW 25% QOQ TO ₹3,684 CR FROM ₹2,946 CR, MARKING THE FIRST SEQUENTIAL EXPANSION AFTER 10 QUARTERS • Q2 GROSS LOAN SANCTIONS REACHED ₹3,355 CR, THE HIGHEST IN 36 QUARTERS, WHILE NET SANCTIONS STOOD AT ₹3,098 CR • Q2 LOAN DISBURSEMENTS REACHED ₹1,595 CR, THE HIGHEST IN 19 QUARTERS, WITH NET LOAN BOOK ADDITION OF ₹738 CR • Q2 TOTAL INCOME STOOD AT ₹114 CR, WHILE NET PROFIT REACHED ₹44 CR DESPITE FRESH LOAN IMPAIRMENT • Q2 ANNUALISED ROA STOOD AT 3.65%, WHILE ANNUALISED RETURN ON NET WORTH WAS 5.64% ASSET QUALITY, FUNDING & KEY RISKS • GROSS STAGE 3 ASSETS DECLINED TO ₹126 CR FROM ₹190 CR QOQ, PARTLY DUE TO A TECHNICAL WRITE-OFF RATHER THAN CASH RECOVERY • NET STAGE 3 ASSETS INCREASED TO APPROXIMATELY ₹105 CR FROM ₹47 CR QOQ, FOLLOWING A FRESH SLIPPAGE IN THE KUNDLI–MANESAR ROAD PROJECT • KUNDLI–MANESAR ROAD EXPOSURE STOOD AT APPROXIMATELY ₹124 CR, WITH AROUND ₹19 CR PROVISIONING; RECOVERY TIMING REMAINS UNCERTAIN • AVERAGE LENDING YIELD STOOD AT 10.45%, AGAINST BORROWING COST OF 9.27%, RESULTING IN A NARROW SPREAD OF 1.18% • RENEWABLE ENERGY ACCOUNTS FOR APPROXIMATELY 45% OF THE LOAN BOOK, WHILE MANAGEMENT CONTINUES TO EXPAND INTO OTHER INFRASTRUCTURE SEGMENTS; ASSET QUALITY, FUNDING COSTS & DISBURSEMENT EXECUTION REMAIN KEY RISKS INVESTOR TAKEAWAY: CAUTIOUSLY POSITIVE — LOAN BOOK GROWTH AFTER 10 QUARTERS, RECORD SANCTIONS & STRONG DISBURSEMENTS SIGNAL AN EARLY OPERATIONAL TURNAROUND. HOWEVER, RISING NET STAGE 3 ASSETS & NARROW LENDING SPREADS REMAIN CONCERNS. KEY MONITORABLES INCLUDE ACHIEVING THE ₹5,000 CR FY27 LOAN BOOK TARGET, LOWER BORROWING COSTS & RECOVERY FROM STRESSED LOANS.

CINDRELLA FINANCIAL SERVICES L

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