Aavas Financiers has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a steady increase in performance, with an annual net profit of ₹654.88 crore. Additionally, the board approved a significant capital raise of ₹9,000 crore through non-convertible debentures and announced a 10 basis point reduction in its Prime Lending Rate effective from June 5, 2026.
Fiscal Year 2026 Financial Highlights
For the financial year ended March 31, 2026, Aavas Financiers demonstrated robust growth, recording a total income of ₹2,684.83 crore, up from ₹2,358.41 crore in the previous year. The net profit for the year stood at ₹654.88 crore, reflecting a healthy upward trend compared to the ₹574.10 crore reported in the prior fiscal year.
Strategic Board Decisions
During the meeting held on May 5, 2026, the board authorized the Executive Committee to raise up to ₹9,000 crore via the private placement of non-convertible debentures and other debt securities. This move is aimed at strengthening the company’s capital base. Furthermore, the board approved the re-appointment of Mr. Sandeep Tandon as the Chairperson, ensuring continued leadership stability.
Lending Rate Adjustment
In a move to remain competitive and support housing finance customers, the company announced a 10 basis point reduction in its AFL Prime Lending Rate (PLR). This change will be implemented starting June 5, 2026, potentially lowering borrowing costs for its customer base.
Operational Stability
The company maintains a solid asset quality, with a Gross Non-Performing Asset (GNPA) ratio of 1.05% and a Net Non-Performing Asset (NNPA) ratio of 0.68% as of March 31, 2026. The Capital Adequacy Ratio (CRAR) remains strong at 44.56%, underscoring the organization’s financial health and conservative risk management practices.
Source: BSE
