Aye Finance Limited (formerly known as Aye Finance Private Limited) — quarter and year ended March 31, 2026
Financial tables (All amounts are in Rs. crores unless otherwise stated)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Financial assets | ||
| Cash and cash equivalents | 620.38 | 931.16 |
| Bank balances other than cash and cash equivalents | 390.69 | 206.73 |
| Derivative financial instruments | 77.97 | 0.24 |
| Loans | 6,266.44 | 4,950.21 |
| Investments | 158.14 | 41.76 |
| Other financial assets | 107.33 | 60.61 |
| Total financial assets | 7,620.95 | 6,190.71 |
| Non-financial assets | ||
| Current tax assets (net) | 19.45 | 17.89 |
| Deferred tax assets (net) | 53.38 | 60.98 |
| Property, plant and equipment | 12.25 | 12.10 |
| Right of use assets | 44.83 | 26.27 |
| Intangible assets under development | – | 4.13 |
| Intangible assets | 4.65 | 2.25 |
| Other non-financial assets | 17.43 | 23.78 |
| Total non-financial assets | 151.99 | 147.40 |
| Total assets | 7,772.94 | 6,338.11 |
| LIABILITIES AND EQUITY | ||
| LIABILITIES | ||
| Financial liabilities | ||
| Derivative financial instruments | – | – |
| Debt securities | 1,070.50 | 1,418.13 |
| Borrowings (other than debt securities) | 3,947.13 | 3,108.20 |
| Lease liabilities | 47.47 | 28.41 |
| Other financial liabilities | 81.75 | 48.13 |
| Total financial liabilities | 5,146.85 | 4,602.87 |
| Non-financial liabilities | ||
| Current tax liabilities (net) | 4.58 | 4.58 |
| Provisions | 54.33 | 43.33 |
| Other non-financial liabilities | 34.47 | 28.98 |
| Total non-financial liabilities | 93.38 | 76.89 |
| EQUITY | ||
| Equity share capital | 48.90 | 37.79 |
| Other equity | 2,483.81 | 1,620.56 |
| Total equity | 2,532.71 | 1,658.35 |
| Total liabilities and equity | 7,772.94 | 6,338.11 |
| Particulars | Quarter ended March 31, 2026 Audited | Quarter ended December 31, 2025 Unaudited | Quarter ended March 31, 2025 Audited | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|---|---|---|
| 1 Revenue from operations | |||||
| Interest income | 440.16 | 393.44 | 348.66 | 1,567.43 | 1,325.96 |
| Fees and commission income | 19.50 | 21.35 | 16.24 | 73.54 | 54.42 |
| Net gain / (loss) on derecognition of financial instruments under amortised cost category | 20.77 | 17.88 | 35.89 | 67.97 | 37.59 |
| Net gain on fair value changes | 48.01 | 10.11 | 8.35 | 105.79 | 41.76 |
| Total revenue from operations | 528.44 | 442.78 | 409.14 | 1,814.73 | 1,459.73 |
| 2 Other income | 16.83 | 12.17 | 10.97 | 48.51 | 45.26 |
| 3 Total income [1 + 2] | 545.27 | 454.95 | 420.11 | 1,863.24 | 1,504.99 |
| 4 Expenses | |||||
| Finance cost | 134.55 | 140.66 | 123.48 | 534.07 | 468.00 |
| Net loss on fair value changes | 30.53 | 5.49 | – | 66.77 | 3.62 |
| Impairment on financial instruments | 79.66 | 83.14 | 95.36 | 335.73 | 288.83 |
| Employee benefit expenses | 135.02 | 123.16 | 107.79 | 494.75 | 379.64 |
| Depreciation and amortization expense | 7.96 | 7.01 | 6.32 | 26.31 | 22.16 |
| Other expenses | 46.67 | 41.65 | 36.71 | 158.31 | 117.73 |
| Total expenses | 434.39 | 401.11 | 369.66 | 1,615.94 | 1,279.98 |
| 5 Profit before tax [3 – 4] | 110.88 | 53.84 | 50.45 | 247.30 | 225.01 |
| 6 Tax expense: | |||||
| Current tax | 20.56 | 10.79 | 9.48 | 45.93 | 70.53 |
| Deferred tax | 4.41 | 0.45 | 0.27 | 7.74 | (16.79) |
| Income tax expense | 24.97 | 11.24 | 9.75 | 53.67 | 53.74 |
| 7 Profit for the period / year (A) [5 – 6] | 85.91 | 42.60 | 40.70 | 193.63 | 171.27 |
| 8 Other comprehensive Income / (loss) | |||||
| Items that won’t be reclassified subsequently to profit or loss | |||||
| Re-measurement income / (loss) on defined benefit plans | 0.43 | (0.55) | 0.02 | (0.56) | (0.97) |
| Income tax effect | (0.11) | 0.14 | – | 0.14 | 0.25 |
| Other comprehensive Income / (loss) for the period / year (B) | 0.32 | (0.41) | 0.02 | (0.42) | (0.72) |
| 9 Total comprehensive income for the period / year (A+B) | 86.23 | 42.19 | 40.72 | 193.21 | 170.55 |
| 10 Earnings per share | |||||
| Basic (Rs.) | 3.89 | 2.22 | 2.12 | 9.73 | 9.29 |
| Diluted (Rs.) | 3.85 | 2.19 | 2.09 | 9.60 | 9.12 |
| Nominal value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flow from operating activities | ||
| Profit before tax | 247.30 | 225.01 |
| Adjustments for: | ||
| Depreciation and impairment of PPE | 12.84 | 10.96 |
| Depreciation on right of use assets | 13.47 | 11.20 |
| Loss / (Gain) on fair value of cross currency swap | (77.73) | (3.39) |
| Profit on sale of mutual fund units | (28.06) | (38.37) |
| Impairment of financial instruments | 60.66 | 82.41 |
| (Gain) on early termination of lease | (0.27) | (0.50) |
| Provision on investment | 25.65 | 29.05 |
| Loans and advances written off | 310.29 | 216.28 |
| Loss on settlement | 10.46 | 2.93 |
| (Profit)/Loss on sale of property, plant and equipment (net) | (0.05) | (0.04) |
| Expense on employee stock option scheme | 5.78 | 9.24 |
| Unrealised interest income on security deposit | (0.49) | (0.40) |
| Interest on leases liabilities | 6.97 | 4.57 |
| Interest on income tax refund | (0.63) | (0.85) |
| Operating profit before working capital changes | 586.19 | 548.10 |
| Movements in working capital: | ||
| Decrease / (Increase) in bank balances not considered as cash and cash equivalents | (183.96) | (3.06) |
| (Increase) in loan portfolio | (1,697.64) | (1,248.71) |
| (Increase) in other financial assets | (47.39) | (30.04) |
| (Increase) in other non financial assets | 6.35 | (15.71) |
| (Decrease) / Increase in other financial liabilities (excluding lease liabilities) | 12.74 | (6.70) |
| (Decrease) / Increase in other non financial liabilities | 5.49 | 3.52 |
| Increase / (Decrease) in provisions | 10.44 | 12.07 |
| Cash used in operations | (1,307.78) | (740.53) |
| Income taxes paid | (46.86) | (71.26) |
| Net cash used in operating activities (A) | (1,354.64) | (811.79) |
| Cash flow from investing activities | ||
| Purchase of property, plant and equipment, excluding right of use assets | (11.66) | (16.89) |
| Sale of property, plant and equipment, excluding right of use assets | 0.27 | 0.13 |
| Purchase of investments | (9,488.71) | (11,173.95) |
| Sale of investments | 9,374.74 | 11,152.12 |
| Net cash used in / generated from investing activities (B) | (125.36) | (38.59) |
| Cash flow from financing activities | ||
| Proceeds from issue of equity shares (including securities premium) | 713.12 | 242.46 |
| Share issue expenses | (16.69) | – |
| Proceeds from issue of debt securities | 375.00 | 929.00 |
| Redemption of debt securities | (722.63) | (533.21) |
| Proceeds from borrowings (other than debt securities) | 2,993.76 | 2,831.60 |
| Repayment of borrowings (other than debt securities) | (2,154.83) | (2,200.05) |
| Payment of lease liabilities (including interest) | (18.51) | (14.85) |
| Net cash generated from financing activities (C) | 1,169.22 | 1,254.95 |
| Net increase / (decrease) in cash and cash equivalents (A + B + C) | (310.78) | 404.57 |
| Cash and cash equivalents at the beginning of the period | 931.16 | 526.59 |
| Cash and cash equivalents at the end of the year | 620.38 | 931.16 |
| Particulars | For the year ended March 31, 2026 | For the year ended March 31, 2025 |
|---|---|---|
| Cash in hand | 10.81 | 11.24 |
| Balance with banks – on current account | 419.72 | 404.88 |
| Deposits with original maturity of less than or equal to 3 months | 189.85 | 515.04 |
| Total cash and cash equivalents | 620.38 | 931.16 |
| Particulars | For the year ended March 31, 2026 |
|---|---|
| Debt equity ratio (times) (Refer Note 1) | 2.06 |
| Net worth (Refer Note 2) | 2,464.69 |
| Net profit after tax | 193.63 |
| Total debts to total assets (%! (Refer Note 3) | 65.16% |
| Net profit margin (%) (Refer Note 4) | 11.39% |
| Earnings per share (Rs.) – Basic | 9.73 |
| Earnings per share (Rs.) – Diluted | 9.60 |
| Gross Stage lll ratio (%) (Gross stage lll loans / Total loans) | 4.77% |
| Net stage lll ratio (%) (Net NPA ratio) | 1.79% |
| Provision coverage ratio (%) (ECL on Gross stage lll / Gross stage lll) | 63.66% |
| Capital to risk-weighted assets ratio (Calculated as per RBI guidelines) | 42.24% |
| Liquidity coverage ratio (LCR) | 205.16% |
| S.No | ISIN | Date of Issuance | Amount outstanding |
|---|---|---|---|
| 1 | INE501X07570 | 30-04-2024 | 49.03 |
| 2 | INE501X07570 | 13-06-2024 | 51.03 |
| 3 | INE501X07596 | 31-05-2024 | 206.72 |
| 4 | INE501X07638 | 09-10-2024 | 75.50 |
| 5 | INE501X07711 | 12-09-2025 | 80.44 |
| 6 | INE501X07588 | 17-05-2024 | 25.11 |
| 7 | INE501X07729 | 12-09-2025 | 150.83 |
| 8 | INE501X07588 | 15-07-2025 | 30.13 |
| 9 | INE501X07703 | 30-06-2025 | 50.03 |
| 10 | INE501X07695 | 30-06-2025 | 25.01 |
| 11 | INE501X07620 | 28-08-2024 | 18.77 |
| 12 | INE501X07661 | 20-03-2025 | 80.26 |
| 13 | INE501X07646 | 31-12-2024 | 47.22 |
| 14 | INE501X07653 | 31-12-2024 | 25.00 |
| 15 | INE501X07679 | 20-03-2025 | 40.14 |
| Total | 955.22 |
| S.No | ISIN | Date of issuance | Amount outstanding (Rupees In Crores) |
|---|---|---|---|
| 1 | INE501X07687 | 20-06-2025 | 20.01 |
| Total | 20.01 |
| S. No. | ISIN | Facility description | Date of Trust deed | Covenant description | Compliance (Y/N) | If no, reasons for non-compliance |
|---|---|---|---|---|---|---|
| 1. | INE501X07570 (1st & 2nd tranche) | 10.50% NCD 30-APR-27 FV-RS 1,00,000 | April 29, 2024 (1st Tranche) and June 12, 2024 (2nd Tranche) | Covenants as per Clause 9.3, 9.4, 9.5 and 9.6 of the Debenture Trust Deed | Complied except clause 9.3(viii) Ratio of Gross NPA and write-offs during preceding 12 months divided4by Gross Loan Portfolio | Increase in write-offs in this financial year due to higher delinquencies, industry wide stress in Miro Business Loans and MFI Loans |
| 2. | INE501X07588 (1st & 2nd tranche) | 10.50% NCD 17-NOV-26 FV-RS 1,00,000 | May 16, 2024 (1st Tranche) and July 14, 2025 (2nd Tranche) | Covenants as per Clause 10.3, 10.4, 10.5 and 10.6 of the Debenture Trust Deed | Complied except clause 10.3(a) Ratio of PAR 90 and write-offs divided by Gross Loan Portfolio, waiver secured from requisite majority of debenture holders | Increase in write-offs in this financial year due to higher delinquencies, industry wide stress in Miro Business Loans and MFI Loans, requisite waiver received. |
| 3. | INE501X07596 | 11.30% NCD 30-MAY-29 FV-RS 1,00,000 | May |