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Aye Finance Results: Latest Quarterly Results & Analysis

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Aye Finance Ltd. 21 Oct 2026 12:03 PM
Result PDF

Q2FY27 Quarterly Result Announced for Aye Finance Ltd.

Finance company Aye Finance announced Q2FY27 results

Standalone Financial Highlights:

  • Interest income: For Q2FY27, interest income stood at Rs 479.26 crore, representing a QoQ growth of 5.87% compared to Rs 452.67 crore in Q1FY27 and a YoY increase of 29.04% compared to Rs 371.39 crore in Q2FY26. For H1FY27, interest income was Rs 931.93 crore, registering a YoY expansion of 27.54% against Rs 730.67 crore in H1FY26.
  • Total revenue from operations: In Q2FY27, total revenue from operations reached Rs 514.39 crore, recording a QoQ increase of 7.75% from Rs 477.37 crore in Q1FY27 and a YoY growth of 18.28% from Rs 434.89 crore in Q2FY26. For H1FY27, total revenue from operations was Rs 991.76 crore, marking a YoY growth of 18.02% from Rs 840.35 crore in H1FY26.
  • Total income: Standalone total income for Q2FY27 was Rs 527.12 crore, displaying a QoQ growth of 7.65% over Rs 489.66 crore in Q1FY27 and a YoY expansion of 18.39% from Rs 445.23 crore in Q2FY26. For H1FY27, total income reached Rs 1,016.78 crore, translating to a YoY rise of 18.25% against Rs 859.86 crore in H1FY26.
  • Profit Before Tax (PBT): For Q2FY27, PBT stood at Rs 115.80 crore, representing a QoQ expansion of 19.20% from Rs 97.15 crore in Q1FY27 and a YoY surge of 177.76% from Rs 41.69 crore in Q2FY26. For H1FY27, PBT was Rs 212.95 crore, marking a YoY expansion of 157.87% compared to Rs 82.58 crore in H1FY26.
  • Profit After Tax (PAT): Standalone PAT recorded Rs 86.72 crore for Q2FY27, achieving a QoQ increase of 16.40% against Rs 74.50 crore in Q1FY27 and a YoY growth of 151.14% compared to Rs 34.53 crore in Q2FY26. For H1FY27, PAT recorded Rs 161.22 crore, capturing a YoY expansion of 147.57% from Rs 65.12 crore in H1FY26.
  • Earning Per Share (EPS): Basic EPS was Rs 3.51 in Q2FY27, sliding up 16.23% QoQ from Rs 3.02 in Q1FY27 and expanding 95.00% YoY from Rs 1.80 in Q2FY26. Diluted EPS stood at Rs 3.48 in Q2FY27, up 16.00% QoQ against Rs 3.00 in Q1FY27 and up 96.61% YoY against Rs 1.77 in Q2FY26. For H1FY27, basic EPS finished at Rs 6.53 (up 92.06% YoY) and diluted EPS finished at Rs 6.49 (up 94.31% YoY).

Business Highlights:

  • Loan Portfolio Assignment: During the half year ended September 30, 2026, the Company transferred loan accounts (not in default) through assignment worth Rs 39.95 crore, maintaining a minimum retention of beneficial economic interest (MRR) of 10%.
  • Co-Lending Arrangements: As of September 30, 2026, the gross outstanding amount under Co-Lending Arrangements was Rs 53.31 crore across 39,096 cases with 2 CLA partners, carrying a weighted average rate of interest of 31.27%. The performance reflects Rs 42.70 crore in standard loans and Rs 10.61 crore in non-performing loans.
  • Asset Quality Metrics: For the half year ended September 30, 2026, the Gross NPA ratio (Gross Stage III) stood at 4.20%, the Net NPA ratio (Net Stage III) stood at 1.62%, and the overall Provision Coverage Ratio was 62.42%.
  • Covenant Breach Note: The Statutory Auditors reported that in respect of ISIN INE501X07588, the Company was in breach of the required financial covenant tracking the ratio of (PAR 90 Write-off) divided by the Gross Loan Portfolio, driven by higher delinquencies and industry-wide stress in Micro Business Loans and MFI Loans. A requisite waiver has been received.

Sanjay Sharma, Managing Director, Aye Finance, said: “India’s micro-enterprises form the backbone of its economy, yet many still lack access to formal credit. Aye Finance was built to serve them at scale without compromising on asset quality or cost discipline, and this quarter’s results show that model at work. Profit after tax rose 151% YoY and 16% QoQ to Rs 87 crore, our highest-ever quarterly profit. Credit costs fell for the seventh consecutive quarter to 3.8%, and our operating expense ratio improved to 8.6%, the best in eight quarters. We remain firmly on track to deliver our FY27 growth and earnings guidance while absorbing the expected effects of increased cost of borrowing. As we increase our leverage against the capital raised in our February 2026 IPO, we expect return on equity to rise steadily through the subsequent quarters.”

Result PDF

Result PDF

Finance company Aye Finance announced Q1FY27 results

Financial Highlights:

  • Total Income for Q1FY27 stood at Rs 489.66 crore, representing a YoY growth of 18.09% compared to Rs 414.63 crore in Q1FY26 and a QoQ decline of 7.94% from Rs 531.91 crore in Q4FY26.
  • Interest Income for Q1FY27 reached Rs 452.67 crore, showing a YoY increase of 25.99% from Rs 359.28 crore in Q1FY26 and a QoQ growth of 6.06% from Rs 426.80 crore in Q4FY26.
  • Total revenue from operations in Q1FY27 was Rs 477.37 crore, up 17.74% YoY from Rs 405.46 crore in Q1FY26, but down 7.32% QoQ from Rs 515.08 crore in Q4FY26.
  • The Company reported a Net Profit (Profit for the period) of Rs 74.50 crore in Q1FY27, a significant YoY increase of 143.54% from Rs 30.59 crore in Q1FY26, while decreasing 13.28% QoQ from Rs 85.91 crore in Q4FY26.
  • Profit before tax for Q1FY27 was Rs 97.15 crore, marking a YoY growth of 137.59% from Rs 40.89 crore in Q1FY26 and a QoQ decline of 12.38% from Rs 110.88 crore in Q4FY26.
  • Basic Earnings Per Share (EPS) for Q1FY27 stood at Rs 3.02, compared to Rs 1.60 in Q1FY26 (YoY) and Rs 3.89 in Q4FY26 (QoQ).
  • The Company’s Net worth as of June 30, 2026, was Rs 2,528.01 crore.
  • Asset quality metrics for Q1FY27 showed a Gross Stage III ratio of 4.49% and a Net Stage III ratio (Net NPA) of 1.67%.
  • The Provision coverage ratio for the quarter ended Q1FY27 stood at 63.80%.
  • The Debt equity ratio for the Company was 2.22 times as of Q1FY27.

Business Highlights:

  • Aye Finance Limited is a Middle Layer Non-Banking Financial Company (NBFC-ML) registered with the Reserve Bank of India.
  • The Company successfully listed its equity shares on the National Stock Exchange of India Limited and BSE Limited on February 16, 2026.
  • The Company raised net proceeds of Rs 672.24 crore from its Initial Public Offering (IPO) after deducting estimated offer expenses of Rs 37.76 crore. These funds have been fully utilized for augmenting the capital base to meet future capital requirements arising from business and asset growth.
  • As per IndAS 108, the Company operates in a single reportable segment, and therefore, no separate segment-wise performance is reportable.
  • During the quarter, the Company exercised ESOP options, approving the transfer of 420,784 equity shares and 52,528 equity shares from the Aye Finance Employees Welfare Trust to employees.
  • The Company owns 100% shareholding of Foundation for Advancement of Micro Enterprises ("FAME"), which is not consolidated as the definition of control is not met.

Sanjay Sharma, Managing Director, Aye Finance, said: “Our Q1FY27 performance reflects the robustness of our cluster-based underwriting model in serving India's micro-enterprise segment. We delivered 144% improvement in PAT and 28% growth in AUM YoY, with a 29bps reduction in our credit costs. The improvement in asset quality alongside strong profitable growth demonstrates the management’s philosophy of scaling up with good credit discipline”

Result PDF

Finance company Aye Finance announced Q4FY26 & FY26 results

Q4FY26 Financial Highlights:

  • Total Revenue from operations: Reported at Rs 528.44 crore, showing a growth of 19.35% QoQ compared to Rs 442.78 crore and a growth of 29.16% YoY compared to Rs 409.14 crore.
  • Total Income: Reported at Rs 545.27 crore, an increase of 19.85% QoQ from Rs 454.95 crore and an increase of 29.79% YoY from Rs 420.11 crore.
  • Profit After Tax (PAT): Reported at Rs 85.91 crore, reflecting a significant growth of 101.67% QoQ from Rs 42.60 crore and an increase of 111.08% YoY from Rs 40.70 crore.
  • Earnings Per Share (Basic): Stood at Rs 3.89, representing an increase of 75.23% QoQ from Rs 2.22 and a growth of 83.49% YoY from Rs 2.12.
  • Total Comprehensive Income: Reported at Rs 86.23 crore, up 104.38% QoQ from Rs 42.19 crore and up 111.76% YoY from Rs 40.72 crore.

FY26 Financial Highlights:

  • Total Revenue from operations: Reported at Rs 1,814.73 crore for FY26, up 24.32% YoY compared to Rs 1,459.73 crore in FY25.
  • Total Income: Reported at Rs 1,863.24 crore, an increase of 23.80% YoY from Rs 1,504.99 crore.
  • Profit After Tax (PAT): Reported at Rs 193.63 crore for the year, showing a growth of 13.06% YoY compared to Rs 171.27 crore in the previous year.
  • Earnings Per Share (Basic): Stood at Rs 9.73 for FY26, compared to Rs 9.29 in FY25.
  • Net Worth: Reported at Rs 2,464.69 crore as of March 31, 2026.
  • Debt Equity Ratio: Stood at 2.06 times.

Business Highlights:

  • AUM Growth: Asset Under Management (AUM) grew by 27% YoY to Rs 7,044 crore.
  • Disbursements: Quarterly disbursements saw a growth of 25% YoY, while annual disbursements grew by 20%.
  • Borrower Addition: Added 70,841 new borrowers in Q4FY26 and a total of 2,06,833 new borrowers throughout the financial year.
  • Asset Quality: Gross NPA (GNPA) stood at 4.8% and Net NPA (NNPA) at 1.8%, both showing improvement from the previous quarter (down 17 bps and 19 bps, respectively).
  • Provisioning: Maintained a robust credit Provision Coverage Ratio (PCR) of 64%.
  • Profitability Metrics: Achieved a quarterly Return on Assets (ROA) of 4.6% and Return on Equity (ROE) of 16% on the post-IPO net worth.
  • Market Milestone: Successfully listed on the Indian stock exchanges in February 2026 with an equity infusion of Rs 710 crore.

Sanjay Sharma, Managing Director, Aye Finance, said: "In FY26, Aye Finance improved its profits and credit quality, thereby standing apart in a year defined by industry-wide over-lending and market corrections. We closed Q4 with Rs 86 crore of PAT and ROE of 16% for the quarter. We have reduced our credit costs for 5 consecutive quarters while maintaining a robust credit PCR of 64%. Alongside, we have reached collection efficiencies across our geographies, at levels that herald a good year ahead. Along with delivering top and bottom-line growth, we continue to focus on maintaining the effectiveness of our underwriting of the micro-enterprise sector and ensuring resilience in outcomes through the year. Moving forward, we remain committed to balancing growth with prudent risk management to deliver long-term returns for all our stakeholders."

Result PDF

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