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Revenue
₹1,796 Cr
verification pending
Revenue YoY
20%
reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Aye Finance delivered a strong Q4 FY26, with AUM reaching ₹7,044 crore (up 27% YoY) and disbursements of ₹1,655 crore (up 26% QoQ). PAT grew 110% YoY to ₹86 crore, driven by improving asset quality and lower credit costs. The net interest margin expanded to 16.4% as cost of borrowings moderated to 10.87%. Management guided for FY27 AUM growth of 25-30%, credit cost of 3.5-4%, and operating expense ratio of 8.25-8.75%. The mortgage loan mix increased to 23% of portfolio, with a target of 30-35% over 2-3 years. Key risk: any sharp rise in interest rates could pressure NIMs despite the priority sector lending buffer.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects assets under management to grow 25-30% in the current financial year.
- Credit cost is expected to normalize to 3.5-4% in FY27, supported by better portfolio quality.
- Operating expense ratio is expected to decline from 9.6% to 8.25-8.75% by leveraging existing capacity.
- Return on assets is expected to be in the range of 4-4.5% for the current financial year.
Risks flagged
- Rising interest rates may increase borrowing costs, partially offsetting benefits from lower-cost debt replacement.
- Despite improving collection efficiency, the NPA bulge from earlier slippages could delay credit cost reduction.
- Escalation in West Asia may disrupt local businesses, though management believes their customer segment is insulated.
Key quotes
- Our differentiated approach of combining proprietary underwriting models and use of AI and machine learning has so far positioned us as a dominant player to capture this opportunity with responsibility.
- We have also increased our provision coverage ratio. So unlike in the market the trend is to lower it in a difficult year. We've not done that.
- We intend to keep it above 60% level. Even though there would be a change in mix with mortgage increasing, which should bring down the overall provision level, but we intend to keep it above 60% in the next financial year also.
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