Transcript of Earnings Conference Call held on Tuesday, April 28, 2026

Fedbank Financial Services reported strong Q4 FY26 results with AUM crossing INR 20,000 crores (27% growth). Gold loan business surged 76% Y-o-Y to INR 10,352 crores with 12% tonnage growth. The company achieved its first INR 100 crore PAT quarter (Q4 PAT: INR 100.5 crores; FY26 PAT: INR 343.6 crores). Credit costs remained controlled at 0.8% for FY26 with Gross NPA improving to 1.9% from 2.1% QoQ. The company opened 148 new gold branches during the year, increasing AUM per branch to INR 16.5 crores. Management executed significant capital efficiency measures including 100% assignment of INR 886 crore business loan portfolio and direct assignment transactions of INR 1,694 crore, resulting in secured on-book ratio exceeding 99.5%.