AYENSEAye Finance LimitedHighNeutral
Announced Mon, 27 Apr · 12:11 IST

Aye Finance Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Pat Growth 25pctRevenue Growth 20pctDebt Equity ThresholdResults View source PDF

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AI summary

Aye Finance Limited reported strong full-year results for FY2026. Total income grew 24.3% to Rs. 1,814.73 crores from Rs. 1,459.73 crores. Profit after tax surged 74.6% to Rs. 193.63 crores from Rs. 110.88 crores, with net profit margin at 11.39%. The company's loan portfolio expanded 26.6% to Rs. 6,266.44 crores. Asset quality showed Gross NPA at 4.77% and Net NPA at 1.79%, with provision coverage of 63.66%. Capital adequacy remained robust at 42.24% CRAR. The company listed on NSE and BSE in February 2026 via IPO, raising Rs. 672.24 crores. Statutory auditors issued an unmodified (clean) opinion. However, two debenture covenant breaches were noted related to elevated write-offs from stress in Micro Business Loans and MFI Loans.

Likely market impact

The company delivered robust revenue and PAT growth, indicating strong operational performance. However, the two covenant breaches on NCD issuances suggest elevated credit stress in specific loan segments, which investors should monitor. The clean audit opinion and strong capital ratios are positives for debt holders.