Outcome of the Board Meeting held on Tuesday, May 05, 2026
AAVAS · price
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Aavas Financiers, a housing finance company, reported audited FY2026 results with total revenue from operations of Rs. 2,683 crore, up 14% from Rs. 2,354 crore in FY2025. Net profit stood at Rs. 655 crore, growing approximately 14% from Rs. 574 crore in the prior year. Basic EPS improved to Rs. 82.72 from Rs. 72.54. The board approved a limit of Rs. 9,000 crore for issuing non-convertible debentures through private placement, subject to shareholder approval. Mr. Sandeep Tandon was re-appointed as Independent Director and Chairperson. Additionally, the company reduced its Prime Lending Rate by 10 basis points effective June 05, 2026. Asset quality remained healthy with GNPA at 1.05% and NNPA at 0.68%, while CRAR strengthened to 44.56%.
Strong financial performance with double-digit revenue and profit growth; reduction in PLR may marginally compress margins going forward but signals competitive positioning in the housing finance sector. Capital adequacy remains robust at 44.56%.