Aavas Financiers Q1FY27: Profit up 23% YoY, guides spread below 5%
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Aavas Financiers reported strong Q1FY27 results. Net profit grew 23% YoY to Rs 1.71 billion, NII up 18% YoY, NIMs expanded 22 bps to 7.70%. AUM grew 15.4% YoY to Rs 239.3 billion with disbursements up 41% YoY to Rs 16.1 billion. Asset quality improved with gross NPA at 1.11%, ROA at 3.19%, ROE at 13.34%. Management guided spread to fall below 5% for the year, while targeting 17-18% AUM growth and 22-23% disbursement growth. Medium-term target of 20% AUM growth with doubling of productivity per resource in 2 years.
Strong execution with margin pressure guided. Spread expected below 5%, but ROA and ROE outlook remains stable for the year.