Transcript of the earnings call held on November 6, 2026 for the quarter an half year ended September 30, 2026

APOLLO FINVEST (INDIA) LTD. CIN: L51900MH1985PLC036991 REGISTERED OFFICE: 301, Plot No. B-27, Commerce Centre, Off New Link Road Near Morya House, Andheri West, Mumbai, Maharashtra 400053 Email Id: info@apollofinvest.com Contact No. 7700986861 Website: www.apollofinvest.com November 07, 2026 BSE Limited 25th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 BSE Scrip Code: 512437 Sub: Transcript of Investors and Analysts Call/ Earnings Call for the Quarter and half year ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the earnings call held on November 06, 2026 for the Quarter and half year ended September 30, 2026. We request you to kindly take the same on record. Thanking You, For Apollo Finvest (India) Limited Mikhil Innani Managing Director & CEO DIN: 02710749 Encl: As above "Apollo Finvest (India) Limited Q2 FY '27 Earnings Conference Call" November 06, 2026 MANAGEMENT: Mr. Mikhil Innani: Managing Director & Chief Executive Officer Ms. Diksha Nangia: Whole Time Director & Chief Financial Officer Ms. Pooja Gohel: Company Secretary and Compliance Officer Tech Support 3,2,1. Please start, ma'am. Pooja Gohel Sure, thank you so much, host. Okay, good morning, everyone, and thank you for joining us today. I am Pooja Gohel, Company Secretary and Compliance Officer of Apollo Finvest (India) Limited. On behalf of the company, I want to welcome you to our Quarter 2 Financial Year 2026-27 earnings call. Joining me today are Mr. Mikhil Innani, Managing Director and CEO, and Ms. Diksha Nangia, Whole Time Director and CFO of the company. They will take you through the company's performance and key highlights for the Q2 Financial Year 2026-27 results. If you have any questions or insights during the call, please feel free to raise your hand or share them through the chat box. With that, I request Mr. Mikhil Innani to take the proceedings ahead. Over to you, Mikhil. Mikhil Innani Thank you so much, Pooja. Just allow me a minute, I'll just share my screen, and then we can get started. Pooja Gohel Sure. Mikhil Innani Is my screen visible? Pooja Gohel Yes, yes, it is. Diksha Nangia Yeah. Mikhil Innani Alright, fantastic. Great! Firstly, you know, thank you so much to everybody for joining us today, and a happy Diwali in advance as well. You know, we always look forward to these calls because a lot is happening at Apollo, and of course, a lot of things are happening across the world as well, and it's always a pleasure to talk about, you know, the progress that we're making every single quarter. And without any further ado, I'd like to kind of jump immediately into the numbers that we have for this quarter. So, to get the elephant out of the room, of course, you know, one of the few numbers which kind of jump out at us is that the disbursement volumes have, you know, pretty dramatically ramped up. The revenue and the profit both, you know, have ramped up as well, with a pretty healthy net profit margin. I think the biggest reason for this, of course, is, you know, Apollo Cash is a little bit older than it was in the previous quarter. I think the previous quarter was, in many ways, you know, at a very, very early stage, and even though, you know, we like to obviously think that this is also incredibly early, I think it's starting to show some degree of impact on the business. And, you know, we're very pleased, of course, with the signs that it's showing, because we really feel that there are a lot of improvements yet to come, and this really just shows that there is good product-market fit. There is a demand for the product that, you know, we've of course created. And while the signs are incredibly early, to see this kind of traction with, you know, pretty much no Google or Facebook ads so far, it is a very interesting sign about the business that it has tremendous potential. Mikhil Innani Now, talking about, you know, Apollo Cash, just to give you guys an overview of how it's been since the journey began, right? So I think we've already disbursed almost 65-plus odd crores, almost 1.6 lakh total number of loans disbursed, 5 lakh plus downloads, and, you know, many more happening every single day. I think these are, again, all, you know, great signs, right, towards something which is, you know, incredibly real in terms of there being a very clear demand for something like this, and most importantly, our capability to meet this demand. And at the same point in time, you know, our focus now is going to be: how do we take this to another level? I think, you know, so far, if we had to kind of give our own assessment, I think it's been a solid start. But at the same point in time, you know, we are very, very clear about there being a lot of opportunity that we have identified, which is, you know, not yet cashed in on. So I think what we are expecting over the next coming months is really to make a lot of, you know, small, small changes at our end to be able to get an even bigger bang for our buck, you know, as we look to take this to another level and try to scale up as well. Mikhil Innani You know, this is a pretty good outline of, you know, how it's been ever since February. So, I think just in a matter of 6-7 months, there's been a scale-up of almost 60X. And, again, you know, our goal right now, at this point in time, I think, is that we're consolidating. Our thinking is that right from, you know, the technology department to the data science department, collections, marketing, finance, every single function that, you know, we can think of, the idea really is that we're now laying the foundation of what the processes and infrastructure requirements are that we need to take a gigantic leap over the coming months. So, not only from a team-building perspective, but also from a technology requirement perspective. That is, you know, currently the primary thing that we are functioning on and focusing on inside the company. And to talk about, you know, some of the key points that we are focusing on inside the company. Mikhil Innani Obviously, you know, the first thing I would talk about is security and platform stability. I think all of us have seen, of course, you know, what's going on in the world right now in cybersecurity, right? It's pretty unprecedented. You know, if there is a bug in any corner of any level of technology infrastructure, it's being discovered. So, in very simple words, I would say you have to build software extremely thoughtfully right now, and, you know, truly, we believe the cost, and the time, and the effort, and the love involved in building software now is going to be higher than it's probably ever been in the history of technology, right? Because I really strongly believe that this is going to be a moat for companies which get it right. So, we're giving it the respect and love that it deserves, and in fact, from an engineering standpoint, almost 100% of our bandwidth is going into, you know, making the platform secure, and at the same point in time, as I said earlier, thinking about what's required to help it be scalable, as our goal is to go, you know, 10x from here in a reasonable amount of time over the coming quarters and a year or so, right? Mikhil Innani In terms of underwriting, I think we now feel that we have, you know, seen enough borrowers and enough data about the borrowers to evolve our underwriting model that much more. And, you know, our hope is that in the coming months, we will be releasing the next version of our underwriting model, where our aspiration is to do the following things, right? Number one, have better approval rates. Number two, to definitely have significantly better risk rates. And finally, smarter loan amount allocation, where we are getting much better at identifying higher quality customers and giving them the loan amount that they deserve. [Showing first 8,000 characters — download PDF for full document]