AAVAS Financiers Ltd Q2 FY26 Results

Summary

AAVAS Financiers Ltd has declared its unaudited Financial Results for the quarter and half-year ended 30th September 2025. The company's Assets under Management (AuM) grew by 16% to reach Rs. 213.6 bn. Disbursements during Q2FY26 grew by 21% YoY and 36% QoQ at Rs 15.6 bn. The net profit for H1FY26 and Q2FY26 grew by 11% YoY to Rs 3.03 bn and 1.64 bn respectively. The spread during the quarter expanded by 34 bps YoY to 5.23%. The NIM in absolute terms increased by 18% YoY in Q2FY26, while NIM as a percentage of total assets during Q2FY26 stood at 8.04% up 56 bps QoQ. The Opex-to-Assets ratio saw a marginal increase of 5 bps sequentially to 3.51%, while the Cost-to-Income ratio declined by 262 bps quarter-on-quarter to 43.7%. The asset quality remains pristine, with 1+ DPD below 5%, improving by 16 bps sequentially to 3.99% as of September 2025, while GNPA levels remained stable at 1.24%.

Key Highlights

1. 1

   Assets under Management (AuM) of the company registered a growth of 16% to reach Rs. 213.6 bn as on 30-Sep-25

2. 2

   Disbursements during Q2FY26 grew by 21% YoY and 36% QoQ at Rs 15.6 bn

3. 3

   Net profit for H1FY26 and Q2FY26 grew by 11% YoY to Rs 3.03 bn and 1.64 bn respectively

4. 4

   Spread during the quarter expanded by 34 bps YoY to 5.23%

5. 5

   NIM in absolute terms increased by 18% YoY in Q2FY26

6. 6

   Opex-to-Assets ratio saw a marginal increase of 5 bps sequentially to 3.51%

7. 7

   Asset quality remains pristine, with 1+ DPD below 5%, improving by 16 bps sequentially to 3.99% as of September 2025