Aavas Financiers Limited has informed the Exchange about Transcript of the Earnings Conference Call for the Quarter and Financial Year ended March 31, 2026.
AAVAS · price
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Aavas Financiers reported Q4FY26 net profit of Rs. 1.82 billion, up 18% Y-o-Y, with AUM at Rs. 234.5 billion (15% growth). New CEO Manu Singh outlined medium-term aspirations for 20%+ AUM growth and high teens ROE. NIM expanded 44 bps sequentially to 8.45%, with full-year spread at 5.20% (improved 31 bps Y-o-Y). The company maintained pristine asset quality with GNPA at 1.05% and 1+ DPD at 3.17%. Management guided for credit costs staying below 25 bps and opex-to-AUM declining to below 3% over 2-3 years. Key strategic priorities include sharper execution, rebuilding direct sourcing muscle, deeper penetration in high-potential states (Tamil Nadu, UP, Gujarat), and risk-adjusted pricing optimization without compromising asset quality.
The company's clear growth targets (20%+ AUM), improving margins (NIM at 8.45%, spread above 5%), and best-in-class asset quality position it well for value creation. The management's confidence in maintaining credit costs and improving operating efficiency suggests sustainable profitability ahead, though near-term NIM pressure from PLR cuts may persist.