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View Claim Ledger →Aye Finance Ltd — Q3 FY26
Aye Finance delivered a strong Q3 FY26 with PAT surging 87% YoY to ₹43 crore, driven by improving credit quality and operating leverage.
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Aye Finance delivered a strong Q3 FY26 with PAT surging 87% YoY to ₹43 crore, driven by improving credit quality and operating leverage. Disbursements grew 35% YoY to ₹1,310 crore, while AUM expanded 23.5% YoY to ₹5,232 crore. Credit cost fell to 4.69% of AUM, the fourth consecutive quarterly decline, with collection efficiency on non-overdue loans at 99.3%. Management guided for 29-30% AUM growth in FY26 and a three-year vision of 30% CAGR, credit cost of 3.25-3.75%, and ROA of 4-4.5%. The mortgage book (21% of AUM) is scaling, and repeat loans (39% of growth) enhance efficiency. Key risk: elevated credit costs may normalize slower than expected if macroeconomic stress persists.
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Bihar regulatory risk from microfinance ordinance
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Disbursements
₹1,310 Cr
+35% YoY
Disbursements grew 35% year-on-year, driven by strong demand in the unorganized micro-enterprise segment.
AUM
₹5,232 Cr
+23.5% YoY
Assets under management grew 23.5% YoY, with 60% of growth from higher per-branch productivity.
Collection Efficiency (Non-OD)
99.3%
+0.1pp MoM
Collection efficiency on non-overdue loans improved to 99.3% in Dec, signaling strong asset quality.
Mortgage Portfolio Share
21%
+2pp YoY
Mortgage loans now constitute 21% of AUM, up from ~19% last year, with a target of 30% over 3 years.
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Guidance and risk preview
Management expects full-year AUM growth of 29-30%, driven by strong Q4 disbursement momentum.
A new Bihar ordinance on microfinance could impact collections, though management believes business loans are less affected and similar past state...
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