Analysts/Institutional Investor Meet/Con. Call Updates

HDB Financial Services Limited HDB House, Tukaram Sandam Marg, A - Subhash Road, Vile Parle (E), Mumbai – 400057. Web: www.hdbfs.com Tel: 022 – 4911 6350 Fax: 022 – 4911 6666 CIN: L65993GJ2007PLC051028 Email: investorcommunications@hdbfs.com HDB/SLC/2026/1505 July 20, 2026 To, To, Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No C/1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai - 400051 Mumbai - 400001 Scrip Code: HDBFS Scrip Code: 544429 Dear Sir / Madam, Sub.: Transcript of Earnings Call in relation to the Unaudited Financial Results for the quarter ended June 30, 2026 In continuation to our letter dated July 15, 2026, we wish to inform you that pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Earnings Call with analysts and investors held on July 15, 2026, in relation to the Unaudited Financial Results of the Company for the quarter ended June 30, 2026, has been made available on the website of the Company at the below link: https://www.hdbfs.com/investors A copy of the transcript is annexed herewith. This is for your information and appropriate dissemination. Thanking you, For HDB Financial Services Limited Dipti Jayesh Khandelwal Company Secretary and Compliance Officer Membership No. F11340 Encl.: As above Registered Office: Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380 009. HDB Financial Services Limited Q1 FY27 Earnings Conference Call Transcript For the Earnings Call held on July 15, 2026, 18:30hrs IST MANAGEMENT: MR. G RAMESH – MD & CEO MR. JAYKUMAR SHAH – CFO MR. VISHAL PATEL – HEAD INVESTOR RELATIONS Page 1 of 16 Q1 FY27 Earnings Call July 15, 2026 Disclaimer: Certain statements in this release are forward looking in nature, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. HDB Financial Services Limited (HDBFS) does not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. Moderator: Ladies and gentlemen, good day and welcome to the Q1FY27 Earnings Conference Call hosted by HDB Financial Services. Please note, this conference call is only for analysts and investors and not for media. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star and then zero on your touchtone phone. I now hand the conference over to Mr. Vishal Patel, Head Investor Relations of HDB Financial Services. Thank you and over to you, Mr. Vishal. Vishal Patel: Thank you, Sagar. I welcome you all to the Q1FY27 Earnings Call of HDB Financial Services Limited. We have with us Mr. G Ramesh, MD and CEO, along with Mr. Jaykumar Shah, CFO, and the senior management team of the company. I hope all of you would have had a chance to peruse our financial results, investor presentation, and press release, which have been filed with the stock exchanges earlier today and is also available on our website www.hdbfs.com. We will start with the management remarks and then open up the call for Q&A. The audio recording of this call will also be available on our website shortly after the call ends. I would now request our MD and CEO, Mr. G Ramesh, for his opening remarks, following which our CFO, Mr. Jaykumar Shah, will provide a brief on the financial results and then we open up the call for Q&A. G Ramesh: Thank you, Vishal, and a very good evening to all of you joining in. Starting with the macros: Domestic economic activity continues to show resilience despite some of the concerns we had arising out of the West Asia conflict. While the momentum remained healthy, Real GDP growth expectations have moderated down to 6.6% for FY27 as highlighted by RBI in its monetary policy. Inflation projections have increased to 5.1% driven by supply-side pressures. On the policy front, regulator maintained its neutral stance, keeping the repo rate unchanged. Supply chain challenges that might arise from the ongoing West Asia conflict and El Nino- related risks remain a key monitorable. Page 2 of 16 Q1 FY27 Earnings Call July 15, 2026 Coming to vertical-wise commentary, On Enterprise Lending: Q1 disbursements for the segment grew by 14% YoY. Our LAP+ EBL, which is our mortgage book, expanded by 13.2% YoY and we anticipate this upward trajectory to continue. Our gold loan disbursements as well as book has doubled over last year. Gold loans is positioned for continued traction supported by the enablement of close to 500 branches of our existing branches through which we deliver gold loans. In Unsecured Business Loans, disbursements started to accelerate in the latter part of the quarter, positioning it for improvement going forward. Portfolio quality and collections were healthy for this vertical. We expect positive momentum to continue in Enterprise Lending. On Asset Finance: Commercial Vehicles book registered a modest growth of 10% YoY, while Construction Equipment book grew by 8% in the same period. Improving sentiments, led by demand around last-mile mobility bode well for our Asset Finance business, while monsoon remains a key monitorable. We saw continued improvement in asset quality in this segment with Stage 3 improving sequentially. With a focused approach in this market across our Asset Finance businesses, we will continue to drive growth in our desired product portfolios over the coming quarters. On Consumer Finance: This segment delivered a strong quarter, with the book growing by 7.5% QoQ and 21% YoY. Consumer durables book expanded by over 50% YoY led by deeper penetration across our extensive distribution network, further supported by seasonal demand for compressor products. Auto loan book grew by 21% YoY, both value and volume growth were healthy. We expect momentum to continue in Consumer Finance segment on the back of sustained demand for our products. Overall, Q1 was a quarter marked by disciplined operational execution. Our customer franchise expanded by 19% YoY to 23.9 million. Disbursements grew by 16% YoY, Profit after Tax (PAT) grew by 38% YoY, while Stage 3, which seasonally is a weak quarter in Q1, improved to 2.34% of book as compared to 2.44% as of March 31, 2026, and 2.56% as of June 30, 2025. CRISIL assigned us a “Strong” ESG rating with a score of 68 in our very first evaluation, underscoring our commitment towards sustainable business practices. Page 3 of 16 Q1 FY27 Earnings Call July 15, 2026 On the technology front, we are using artificial intelligence to transform the experience of our customers from a “Transaction Journey” into a “Life Cycle Journey”. Over the years, we have strategically built a strong product suite designed to fulfil every financial need a borrower might encounter through their life. With an AI-first design, we are actively shifting the paradigm – ensuring that a specific loan is not viewed as an isolated transaction, but as a critical component of a long-term financial relationship where we support the customer at every milestone. Our transformation plan maps out how we are using AI to manage this entire life cycle journey – from onboarding, faster processing, intelligent customer servicing, collection automation, to predictive hyper-personalized offerings. We plan to make every interaction a meaningful long- term engagement, helping us to fulfil not just an immediate need, but to build a lasting financial partnership with our customers. As a part of this journey, we are happy to announce that we will be bringing all our AI transformation journeys into a single umbrella, “Shikhar.” On that note, I hand over to Jaykumar for an update on the fi [Showing first 8,000 characters — download PDF for full document]