Investor Presentation

MCSL/SEC/26-27/143 July 16, 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001, Maharashtra Bandra Kurla Complex, Bandra (E), Scrip Code (Equity) - 511766 Mumbai - 400 051, Maharashtra Scrip Code (Debenture and CP) - 975282, Trading Symbol - MUTHOOTCAP 975513, 975662, 976146, 976183, 976213, 976233, 976363, 976458, 976806, 976898, 976933, 976965, 977929, 729732, 729733 and 730251 Dear Sir / Ma’am, Sub: Investor Presentation for the Quarter ended June 30, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the presentation to be made to the Investors, for the Quarter ended June 30, 2026. This is for your kind information and record. Thanking You, Yours Faithfully, For Muthoot Capital Services Limited Deepa G Company Secretary and Compliance Officer Membership No.: A68790 Encl: As above Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Q1 FY 27 INVESTOR PRESENTATION Muthoot Capital Services Limited Its equity shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Muthoot Capital Services Ltd., promoted by the Muthoot Pappachan Group, is a Non- Banking Finance Established in 1994, it is Company (NBFC) recognized as one of registered with the India’s most progressive Reserve Bank automobile finance of India. companies. MCSL Products Retail Loans Two-Wheeler loans CV &CE loans Used Car loans Loyalty loans Other products Fixed Deposit Corporate loans 30 Year Journey 1994 Started Operations 500cr 1995 2008 2014 2016 Listed on BSE Entered the Two- AUM crosses AUM crosses Wheeler financing 500cr 1000cr segment 2022 2019 2019 2018 Rated CRISIL A+ AUM crosses Golden Peacock MCSL ranks 2000cr Award for Corporate among Top 50 NBFC Ethics across India 2024 2022 2023 2025 Best Vehicle Financer Started Co-Lending India’s Most Trusted AUM crosses of the Year Award - business Companies Award. 3000 Cr Lendtech International Brand Consulting Corp. Portfolio & Asset Quality AUM Growth – Retail and Other Loans ₹ 2,851Cr ₹ 28 Cr ₹ 499 Cr ₹ 3,379 Cr * +23% YoY MCSL Retail Portfolio Corp Loan & Other Portfolio Co-Lending Portfolio Total Portfolio Growth In MCSL Retail 84% | +23% YoY 1% | -16% YoY 15% | -44% YoY 4% QoQ Portfolio Portfolio Trend Quarterly (₹ Cr) 2,821.64 2,851.17 2,696.34 2,464.58 +1% QoQ 2,318.82 888.93 790.8 685.31 595.89 499.36 -16%QoQ 33.59 30.78 19.73 25.85 28.16 +9% QoQ Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 MCSL Retail Corp Loan & Others Co-Lending * AUM is including Off Book(DA) of ₹ 81.58 Cr Product wise Portfolio ₹ 3,379 Cr 23% 3.94% 20.80% Total Portfolio (AUM) MCSL Retail Growth Co Lending Overall GNPA Portfolio Yield +4.2% YoY vs Last Year vs Last Year ↓ 182 bps YoY Stable Portfolio Outstanding by Product (₹ Cr) Product Q4 FY26 Q1 FY27 Change % Growth Share (Q1) Two-Wheeler 2,373.23 2255.06 -36.69 -1.15% 69.16% Two-Wheeler (CL) 589.94 496.25 -93.36 -15.88% 14.69% Commercial Vehicle 232.37 271.02 +38.65 +16.63% 8.02% Used Car 155.04 178.77 +23.73 +15.31% 5.29% Loyalty Loans 55.89 56.00 +0.11 +0.19% 1.66% Three-Wheeler(CL) 5.95 3.11 -2.84 -47.69% 0.09% Construction Equipment 5.00 8.74 +3.75 +74.92% 0.26% Corp Loan & Others 25.85 28.16 +2.31 +8.94% 0.85% Total 3,443.37 3,378.69 -64.68 -1.88% 100% Geographic Distribution of Portfolio South India East India North India West India Top Region Highest GNPA Region 36% of AUM 6.5% Portfolio Distribution by Region Regional Metrics Summary 36% Region Share GNPA 16% South India 36% 3.0% West India 11% 3.9% North India 22% 6.5% East India 16% 4.5% Partnerships 16% 0.1% South India West India North India East India Partnerships Product wise Disbursements Retail Loans Co Lending Disbursement QoQ Growth MCSL Disbursement QoQ Growth ₹ 534 Cr vs Q4 26: 5% ₹ 28 Cr vs Q4 26: -53% ₹ 60 Cr ₹ 509 Cr Product-wise Disbursement Comparison (₹ Cr) MCSL Co-Lenders Product Q4 FY26 Q1 FY27 Change % Growth Share (Q1) Product Q4 FY26 Q1 FY27 Change % Growth Share Two Wheeler 396.04 422.96 +26.88 +7% 79% Greaves Finance 59.72 28.13 -31.59 -53% 100% Manba Finance 0 0 0 0 0 Com Vehicle 61.49 58.94 -2.56 -4% 11% Credit Wise Capital 0 0 0 0 0 Con Equipment 3.96 3.14 -0.82 -21% 1% Wheels EMI 0 0 0 0 0 Loyalty Loan 16.44 11.63 -4.81 -29% 2% Used Car 31.32 38.19 +6.86 +22% 7% Total 509.25 534.81 +25.57 +5% 100% Yields Yield (%) by Product Line Used Two Wheeler 26.10 Loyalty 24.94 Two Wheeler 22.06 Used Car 18.60 CV 17.50 CE 17.30 0 5 10 15 20 25 30 Retail Disbursement Trend and TW Blended Rate Quarterly Disbursement Trend 1.2 177.51 279.94 453.89 345.02 497.91 632.50 845.68 644.99 618.50 528.04 625.86 569.14 562.98 7.69% 10.49% 5.00% 18.05% 16.08% 28.93% 28.56% 26.82% 0.8 41.70% 44.39% 40.27% 34.57% 57.95% 92.31% 89.51% 95.00% 0.4 81.95% 83.92% 71.07% 71.44% 73.18% 65.43% 58.30% 55.61% 59.73% 0.2 42.05% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Own Business Co-Lending Blended Portfolio Yield TW (%) - Last 13 Quarters 15 20.88 19.18 17.91 18.11 18.51 18.89 19.23 20.13 19.64 21.1 20.6 21.5 17.02 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Disbursement Retail Loans Q1 FY 26 & Q1 FY 27 Q1 FY 26 Q1 FY 27 150.88 145.33 125.19 44.97 27.14 39.5 28.13 25.9 30.05 24.91 27.05 0.74 20.36 24.30 1.08 0.65 0.01 0.03 Apr-25 May-25 Jun-25 Apr-26 May-26 Jun-26 Dealer Co Lending GRDC Deccan Finance Limited Dealer Co Lending GRDC Deccan Finance Limited Q1 FY 27 Q1 FY 27 Y-o-Y 421.40 465.23 Dealer 10% 111.61 28.13 Co Lending -75% 83.00 69.56 GRDC -16% Deccan Finance 2.47 0.04 Limited -98% Portfolio Analysis Portfolio Analysis 3.94% ₹. In Crores 130.07 Segment – wise Analysis 2,751.27 178.77 3.11 279.76 56.00 28.16 3.98% 1.31% 0.00% 0.35% 2.67% 55.67% 3,167.01 96.02% 98.69% 100.00% 99.65% 97.33% 96.06% 44.33% Two Wheeler Four Wheeler Three Commercial Loyality & Corp Loan & 93.22% Wheeler Vehicle Personal Loan Others NPA Regular Regular NPA Source - wise Analysis Bucket – wise Analysis 3.94% 0.94% 2.76% 2343.27 424.28 499.36 36.09 4.02% 4.65% 0.13% 43.44% 7.34% 95.98% 95.35% 99.87% 56.56% 85.01% Dealer GRDC Co Lending Others 0 1 2 3 Above 3 Regular NPA GNPA & NNPA Overall GNPA & NNPA Retail GNPA & NNPA 6.51% 6.48% 6.54% 6.97% 5.81% 6.46% 6.45% 5.76% 3.64% 3.72% 4.12% 3.94% 3.39% 3.50% 3.64% 2.70% 3.39% 2.70% 2.36% 1.94% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 JUN-25 SEP-25 DEC-25 MAR-26 JUN-26 GNPA NNPA GNPA NNPA Asset Quality and NPA Movement Parameters Jun-25 Mar-26 ₹J.u Inn C-2ro6res Gross NPAs - Opening POS 134.52 197.60 194.90 Add : Additions 45.49 33.28 39.41 Less: Reductions Normalized and Closed during the Quarter 4.39 15.96 7.18 Repossessed vehicles sold during the Quarter 3.49 3.89 2.50 Amount collected during the Quarter 3.56 3.78 1.24 Transfer of Loans to ARC 0.00 0.00 119.83 Amount Written off 0.00 12.35 0.00 Gross NPAs - Closing POS 168.57 194.90 103.57 Accrued Interest in NPAs 17.72 22.48 10.83 Gross NPAs – Closing Retail 186.29 217.38 114.39 Gross NPAs – Corp Loan & Others 0.14 15.71 15.68 Gross NPAs 186.42 233.10 130.07 GNPA % 5.76% 6.97% 3.94% Net NPA 84.79 133.89 76.53 NNPA % 2.70% 4.12% 2.36% Provision Coverage Ratio S3 60.00% 50.00% 50.00% Expected Credit Loss (ECL) Vs IRACP ₹. In Crores Mar-2026 June -26 r f o c r u t a l i n g r f o r t h e I n t r L o P a r t i c A s s e t s y p o t h e c a t h e r l o a n s m i n g A s s c a t i o n L o a e r e s t o n N a n s u n t s 3 , 1 3 , 3 P r o v i s i o 9 . 7 0 . 0 7 . 4 1 . 7 9 . 0 I R A C P r o v i s E x c e s s / ( D e f i c i t ) 7 . 3 0 . 0 4 4 . 2 5 1 . 5 ECL IRACP Excess Particulars AUM ECL% IRACP % Provision Provision /(Deficit) Performing Assets S1 and S2 Hypothecation Loans 3 ,154.56 2 4.95 1 [Showing first 8,000 characters — download PDF for full document]