Aavas Financiers Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.
AAVAS · price
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Aavas Financiers Limited reported audited financial results for FY ended March 31, 2026. Total income grew 13.8% to Rs. 2,684.8 crore from Rs. 2,358.4 crore in the prior year. Net profit after tax increased 14.1% to Rs. 654.9 crore from Rs. 574.1 crore. Basic EPS stood at Rs. 82.72 (vs Rs. 72.54 prior year). The Board approved a new NCD issuance limit of Rs. 9,000 crore (subject to shareholder approval), re-appointed Mr. Sandeep Tandon as Independent Chairperson, and reduced the company's Prime Lending Rate by 10 basis points effective June 5, 2026. Asset quality remained healthy with GNPA at 1.05% and NNPA at 0.68%, while CRAR improved to 44.56%. The Joint Statutory Auditors (MSKA & Associates LLP and Borkar & Muzumdar) issued an unmodified opinion on the financial statements.
Aavas reported steady double-digit profit growth driven by robust loan book expansion in the housing finance segment. The PLR cut signals competitive pressure in the affordable housing space but should support disbursement volumes. No audit qualifications are a positive signal for financial integrity.