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Aye Finance shares jumped 17% on Monday, April 27, hitting a fresh all-time high of Rs. 158, as investors reacted to a strong March-quarter performance and steady full-year growth. The stock has now gained a strong momentum after a weak post-listing phase, recovering from a low of Rs. 89 in early April. It’s now trading nearly 50% above the IPO price of Rs. 129.
The non-banking financial company (NBFC) reported a sharp 110% year-on-year rise in profit after tax (PAT) to Rs. 86 crore for the March quarter. Assets under management (AUM) grew 27% YoY to Rs. 7,044 crore, supported by a 25% increase in disbursements. The company added 70,841 new borrowers during the quarter, underlining strong demand in the micro-enterprise segment.
There was an improvement in the financial ratios related to asset quality. The credit cost reduced by 186 bps to reach 4.3%. Gross NPA and NNPA remained at 4.8% and 1.8% level, respectively. There is also an improvement in the provision coverage ratio, which remains unchanged at 64%.
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There was also an improvement in profitability ratios, with the firm reporting ROA of 4.6% and ROE of 16% for the quarter. It is due to an improvement in net worth following an equity investment of Rs. 710 crore after the firm’s IPO.
In fiscal year 2026, the firm posted a 13% increase in net profit, reaching Rs. 194 crore, despite taking the brunt of the new labor laws. Disbursement increased by 20% during the year. There was also an addition of more than two lakh new clients. Credit cost for FY26 was 4.76%, whereas PAR (Bucket 1) was 6.9%.
Managing director Sanjay Sharma said the company has reduced credit costs consistently while maintaining strong collection efficiency across geographies. He added that Aye Finance will continue balancing growth with prudent underwriting to ensure resilient performance in the coming year.
