ADITYA BIRLA CAPITAL Q2 FY27: PAT UP 38% YOY; ₹2.34 LAKH CR LENDING BOOK, LIFE INSURANCE TARGETS 20%+ PREMIUM CAGR & VNB MARGIN ABOVE 20%

• Life Insurance Growth Guidance: Management targets 20%+ CAGR in individual first-year premium over the next three years, along with expansion of VNB margin above 20% • Quarterly Results: Consolidated segment revenue increased 31% YoY to ₹16,545 Cr, while net profit grew 38% to ₹1,288 Cr • Lending Portfolio: Combined NBFC and Housing Finance lending portfolio increased 32% YoY and 7% QoQ to ₹2,33,930 Cr • Total AUM: Combined asset management and insurance AUM surged 116% YoY to ₹12,33,906 Cr • NBFC Business: Lending AUM grew 26.5% YoY to ₹1,76,557 Cr, while PAT increased 41% to ₹1,008 Cr; RoA improved to 2.45% • Asset Quality Improvement: NBFC Stage 2 and Stage 3 loans declined to 2.31% from 3.03% YoY, while credit provisions to average lending book declined to 0.92% • Housing Finance Growth: AUM surged 50% YoY to ₹57,373 Cr, disbursements increased 55% to ₹8,957 Cr and PAT grew 73% to ₹260 Cr • Housing Finance Expansion: Management plans to accelerate prime and affordable housing loans with average ticket sizes of ₹25–30 lakh, supported by deeper market penetration • Housing Asset Quality: Stage 2 and Stage 3 loans improved to 0.65% from 1.10% YoY, while RoA stood at 2.12% • Life Insurance Performance: Individual first-year premium increased 25% YoY to ₹2,342 Cr in H1 FY27, while net VNB margin expanded 447 bps to 16.1% • Life Insurance Future Plans: Focused on protection products, credit life insurance, expanding agency and bancassurance distribution, and increasing proprietary business contribution • Health Insurance Growth: H1 gross written premium surged 48% YoY to ₹4,543 Cr, while market share among standalone health insurers increased to 14.2% • Health Insurance Profitability: H1 combined ratio increased to 106.5% from 103.1% YoY, while PBT declined to ₹46 Cr from ₹76 Cr • Asset Management Business: Domestic mutual fund quarterly average AUM stood at ₹4,41,787 Cr, up 4% YoY, while quarterly PAT declined 8% to ₹221 Cr • Asset Management Expansion: Plans to scale alternative assets, AIF, PMS, real estate funds, passive investments and SIP flows through new products and wider distribution • Digital Business Expansion: ABCD platform acquired 1.32 Cr customers, while MSME-focused Udyog Plus reached approximately 24.2 lakh registrations and ₹7,262 Cr AUM • AI & Productivity Plans: Expanding AI-led underwriting, customer onboarding, collections and cross-selling; AI initiatives delivered 30–35% improvement in underwriting productivity • Distribution Expansion: Operates 1,822 branches across businesses, including 1,015 co-located branches across 258 locations, supporting customer acquisition and cross-selling • Future Growth Strategy: Focused on expanding secured lending, growing affordable housing, increasing insurance penetration, strengthening the asset management franchise and leveraging digital platforms • FY27 Guidance & Capex: Apart from the three-year life insurance growth and VNB margin targets, no specific consolidated FY27 revenue growth, lending AUM growth or fresh capex guidance

ADITYA BIRLA CAPITAL LTD.

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