Aavas Financiers Limited has informed the Exchange about Transcript of Earnings Conference Call for the Quarter and Nine Months ended December 31, 2025
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Awaiting price reaction for this filing.
Aavas Financiers filed the transcript of its Q3FY26 earnings call held on February 5, 2026. For the quarter, the company reported AUM of Rs. 222 billion (up 15% YoY), Q3 disbursements of Rs. 17.2 billion (up 10% QoQ after normalizing post the new disbursement recognition framework), and net profit of Rs. 1.70 billion (up 16% YoY) driven by 17% YoY NII growth. Net Interest Margins expanded 27 bps YoY to 8.01%, while spread improved 40 bps YoY to 5.34%, supported by a 56 bps YoY drop in cost of funds. Asset quality remained strong with 1+ DPD at 3.80% and GNPA at 1.19%, with credit costs anchored at 16 bps. ROA stood at 3.43% and ROE at 14.29%. The balance sheet crossed Rs. 20,000 crore, and the company raised Rs. 975 crore from a multilateral institution — its largest NCD placement ever. Management guided to 25%+ disbursement growth and 17-18% AUM growth for FY27, while planning to add 50 new branches and pass on a 15 bps PLR cut to customers effective March 1, 2026.
The strong margin expansion, improving asset quality, and the largest-ever NCD raise signal healthy fundamentals and lender confidence, which should support the stock. However, growth has moderated to 15% YoY (vs earlier 18% guidance) due to accounting transitions and credit tightening, though FY27 recovery is being guided at a higher clip. A small margin pressure from the PLR pass-through is largely offset by the falling cost of funds.