Aavas Financiers Ltd. · NSE:AAVAS
Aavas Financiers — Q1 FY26 Earnings Presentation
37 slides from Aavas Financiers's earnings presentation, Aug 12, 2025
Slide 1: Exchange filing cover letter
Ref. No. AAVAS/SEC/2025-26/514 Date: August 12, 2025 To, To, The National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400051 Mumbai – 400001 Scrip Symbol: AAVAS Scrip Code: 541988 Dear Sir/Madam, Su
Slide 2: Investor Presentation Q1FY26
INVESTOR PRESENTATION Q1FY26
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aavas Financiers Ltd. (the “Company”), without any specific objectives and solely for information purposes and do not constitute directly or indirectly any advertisement, advise, offer, recom
Slide 4: Executive Summary – Q1FY26
Executive Summary – Q1FY26 Financial Capital Assets Customers Distribution Performance Structure ₹ 207.4 bn 99.5% ₹ 1,392 mn 397 ₹ 45.10 bn AUM Retail Loans PAT Branches Net Worth ₹ 11.5 bn 67% | 33% 13.13%| 8.02% 14 43.20% Disbursement HL | NHL Yields | CoB States/UTs CRAR ₹ 17.03 bn | 7.82% 250,69
Slide 5: Key Performance Highlights – Q1FY26
Key Performance Highlights – Q1FY26 AUM (₹ mn) Disbursement (₹ Mn) Gross Stage 3 (%) After one time impact of +16% -5% change in disbursement +21 bps 207,397 recognition. 1.22% 178,415 12,109 11,454 1.01% Jun-24 Jun-25 Q1 FY25 Q1 FY26 Jun-24 Jun-25 Spread (%) NIM (%) PAT* (₹ mn) +11 bps +17 bps +10%
Slide 6: Pillars of Strength
Pillars of Strength About the Company Diverse Geographical Distribution In-house Execution Model IT Transformation Professional Management Experienced Board of Directors Diversified Shareholding Base Team 5 Aavas | Investor Presentation Q1FY26
Slide 7: Aavas 3.0: Building a Lasting Institution
Aavas 3.0: Building a Lasting Institution Aavas 1.0 Aavas 2.0 Aavas 3.0 550.0 2012 2016 2023 Change in Promoter AUM (INR Bn) Investment (2016) by: IPO (October 2018) 204.2 207.4 173.1 113.5 141.7 78.0 94.5 40.7 59.4 0.0 1.8 4.1 8.4 16.8 26.9 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY2
Slide 8: Scaled & Resilient Organization Built On Strong Pillars
Scaled & Resilient Organization Built On Strong Pillars People, Processes & Technology Built For Scale Risk Financial Human Capital Technology Capital In-house seasoned Risk and Strong Equity Capital Base & Organization Structure Built For Technology like Bank and Agility of Collections Team support
Slide 9: Diverse Geographical Distribution
Diverse Geographical Distribution Data as on 30th Jun 2025 Geographical diversification journey Branch Vintage (No of Branches) 80% 31 76% 25 Punjab Himachal Pradesh 74% 54 <1 yr 4 71% 66 5 69% 1-3 yrs 9 Uttarakhand 67% 104 Haryana 65% 115 3-6 yrs Delhi 18 5 6-9 yrs Rajasthan 166 Uttar Pradesh 123 >
Slide 10: Right to Win with In-house Model
Right to Win with In-house Model In-house CSC & E-Mitra: Common service centers Focused on Direct: In-house across India Open market, cold calling, Sourcing canopy activity, etc. Building Four-tiered Institutional collection Partnership Mitra: architecture for Lead People in allied1 generation indus
Slide 11: Major Technology Transformation Completed
Major Technology Transformation Completed 1 2 3 Guiding Be like a Bank Enable Sustainable Growth with Create a Superior Customer Principles by Technology Capabilities Significant Operating Leverage Experience Origination Loan Management System ERP / GL System CRM ✓Consolidation of processes into a s
Slide 12: Technology Transformation Outcomes
Technology Transformation Outcomes Login to Sanction TAT (days) Unique Customer login in App 65,000+ 13 ~54% 10 11 40,000+ 9 7 6 FY21 FY22 FY23 FY24 FY25 Q1FY26 Q1FY25 Q1FY26 Gen AI Bot Conversation Requests served via App ~29,000 71% 47% ~4,800 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Leveraging digital and ana
Slide 13: Strong Management depth continues to drive Outperformance
Strong Management depth continues to drive Outperformance Sachinder Bhinder Ghanshyam Rawat Ashutosh Atre Ripudaman Bandral Managing Director & President & Chief President & Chief Risk Chief Credit Officer CEO Financial Officer Officer • 27+ years of experience • 30+ years of experience in financial
Slide 14: New Board bringing in a wealth of experience
New Board bringing in a wealth of experience Kalpana Kaushik Sandeep Tandon Soumya Rajan Mazumdar Chairperson of Board, Independent Director & Independent Director & Independent Director & Chairperson of Nomination Chairperson of Stakeholders Chairperson of Audit & Remuneration Committee Committee R
Slide 15: Diversified Shareholding Base
Diversified Shareholding Base Shareholding Pattern as on Top Institutional Shareholders as on 30th Jun 2025 30th Jun 2025 Investor Details % Holding CVC Capital 48.96 Stewart Investors^ 6.46 Others, 9.10% UTI Asset Management^* 3.71 Wasatch^ 3.29 Nippon Asset Management^* 3.13 48.96% IIFL Asset Mana
Slide 16: Business Performance
Business Performance Healthy Business Growth Business Mix Spreads, Margins and Yields Cost Efficiency and Return Ratios Key Financial Ratios Asset Quality Liability Franchise ALM and Liquidity Position 15 Aavas | Investor Presentation Q1FY26
Slide 17: Healthy Business Growth
Healthy Business Growth Assets under Management (AUM) (₹ mn) 2,04,202 2,07,397 2,04,202 1,73,126 1,92,380 1,41,667 1,78,415 1,83,956 1,13,502 94,543 77,961 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 (YoY %) 31% 21% 20% 25% 22% 18% 22% 20% 20% 18% 16% Disbursement Af
Slide 18: Business Wise Mix
Business Wise Mix Average ticket size AUM (Segment wise) AUM (Occupation wise) ₹ 0.69 mn 14% 13% ₹ 0.75 mn ₹ 0.96 mn ₹ 0.99 mn 40% 40% ₹ 0.85 mn 17% 20% ₹ 0.85 mn ₹ 1.03 mn 69% 67% ₹ 1.07 mn ₹ 0.92 mn 60% 60% ₹ 0.96 mn Jun-24 Jun-25 Jun-24 Jun-25 HL MSME LAP Self employed Salaried Disbursement (Segm
Slide 19: Well Diversified Portfolio Mix
Well Diversified Portfolio Mix AUM by Geography AUM by Ticket size (No of Loans) Karnataka, 3% Others, 4% 1% Haryana, 5% 5% Rajasthan, 33% Upto ₹ 1.5 Mn Uttar Pradesh, 6% 10% Delhi, ₹ 1.5 to ₹ 2.5 Mn 5% ATS: ₹0.97 mn ₹ 2.5 to ₹ 5.0 Mn Madhya Pradesh, 12% Above ₹ 5.0 Mn Maharashtra, 84% Gujarat, 12%
Slide 20: Spreads, Margins and Yields
Spreads, Margins and Yields Yield and Cost of Borrowings (%) 14.5% 9.0% 13.63% 13.16% 13.12% 13.13% 13.13% 12.66% 14.0% 8.8% 13.5% 13.08% 13.04% 13.18% 13.13% 13.13% 8.6% 13.0% 8.4% 12.5% 8.2% 12.0% 8.15% 8.24% 8.24% 8.0% 8.08% 8.02% 8.44% 8.07% 8.24% 11.5% 7.8% 7.40% 7.61% 6.88% 11.0% 7.6% 10.5% 7.
Slide 21: Cost Efficiency & Return Ratio
Cost Efficiency & Return Ratio Opex to Asset and Cost to Income (%) 44.5% 45.2% 43.4% 45.0% 45.7% 46.3% 4.5% 41.5% 41.9% 4.5% 42.2% 50.0% 50.0% 39.1% 45.0% 40.9% 45.0% 40.0% 40.0% 4.0% 4.0% 3.69% 3.71% 3.58% 35.0% 35.0% 3.38% 3.45% 30.0% 3.46% 30.0% 3.5% 3.32% 3.5% 3.27% 3.27% 3.18% 25.0% 25.0% 3.01
Slide 22: Key Financial Ratios
Key Financial Ratios Profit after tax (PAT) Net Worth Without raising Capital (₹ mn) (₹ mn) 43,608 45,099 5,743 6,50 0 6,00 0 5,50 0 4,908 37,733 4,283 32,697 5,00 0 28,086 4,50 0 4,00 0 3,575 2,903 24,014 20,979 3,50 0 3,00 0 2,50 0 2,491 2,00 0 1,50 0 1,392 1,00 0 FY20 FY21 FY22 FY23 FY24 FY25 Q1F
Slide 23: Pristine Asset Quality
Pristine Asset Quality Gross Stage 3 (%) Net Stage 3 (%) 1.08% 1.22% 0.77% 0.78% 0.81% 0.84% 1.14% 0.72% 0.73% 1.08% 1.08% 1.01% 0.73% 0.98% 0.99% 0.71% 0.92% 0.94% 0.68% 0.67% FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 1+D
Slide 24: Robust Liability Management
Robust Liability Management (₹ bn) AUM – Fixed/ Floating Mix (%) 120 % 178.4 184.0 192.4 204.2 207.4 120 % 100 % 78.0 94.5 113.5 141.7 173.1 204.2 90% 100 % 100 % 80% 80% 70% 80% 59% 60% 56% 60% 66% 60% 67% 68% 69% 70% 70% 60% 70% 50% 60% 40% 40% 40% 30% 41% 40% 44% 40% 33% 20% 34% 32% 31% 30% 30% 2
Slide 25: Diversified Funding Profile & Credit Rating
Diversified Funding Profile & Credit Rating Borrowings Mix (%) (₹ bn) Term Loans Direct Assignment NHB refinance NCDs CP & CC 120% 69.5 82.7 102.6 125.2 155.6 179.5 158.1 161.1 172.2 179.5 182.9 1% 10 0.0 9% 9% 9% 6% 9% 9% 100% 18% 19% 18% 12% 11% 20% 14% 20% 18% 16% 14% 14% 0.0 21% 80% 14% 23% 22%
Slide 26: Disciplined ALM & Comfortable Liquidity Position
Disciplined ALM & Comfortable Liquidity Position Surplus Management ALM Position As on Jun – 25 (₹ mn) 18,370 22,230 21,117 23,094 20,701 33,285 46,285 Assets 1,92,858 1,72,736 Liabilities 1,41,863 1,39,451 1,46,573 Surplus 1,21,161 1,01,572 78,478 51,209 37,490 30,092 26,907 8,536 15,261 <3 months
Slide 27: Financial Statements
Financial Statements Profit and Loss Statement Balance Sheet PAT Reconciliation Net Worth Reconciliation ECL Provisioning 5 Year Financials & ROE Tree ESG 26 Aavas | Investor Presentation Q1FY26
Slide 28: Profit And Loss Statement
Profit And Loss Statement Particulars (₹ mn ) Q1 FY26 Q1 FY25 Y-o-Y Q4 FY25 Q-o-Q Interest Income on Loans (incl. Processing Fee) 5,598.4 4,833.5 15.8% 5,419.1 3.3% Interest Income on Fixed Deposits 322.8 325.6 (0.8%) 358.4 (9.9%) Reversal Income on Earlier Assigned Loans 474.9 305.3 - 651.6 - Upfro
Slide 29: Balance Sheet
Balance Sheet Particulars (₹ Mn ) 30-Jun-25 31-Mar-25 Sources of Funds Share Capital 792 792 Reserves & Surplus 44,306 42,817 Borrowings 1,43,899 1,39,185 Deferred Tax Liability (Net) 764 756 Other Liabilities & Provisions 2,965 2,636 Total 1,92,727 1,86,185 Application of Funds Loan Assets 1,62,273
Slide 30: PAT Reconciliation
PAT Reconciliation Particulars (₹ mn ) Q1 FY26 Q1 FY25 Y-o-Y Q4FY25 Q-o-Q Net Profit as per IGAAP 1,412.5 1,289.5 9.5% 1,424.1 (0.8%) Add / (Less) : Adjustments as per IndAS on account of: Adoption of effective interest rate (EIR) for amortisation of Income and expenses - financial assets at amortis
Slide 31: Net Worth Reconciliation
Net Worth Reconciliation Particulars (₹ mn ) 30-Jun-25 31-Mar-25 Net Worth as per previous GAAP 41,371.1 39,927.1 Adjustments increasing/(decreasing) net worth as reported under previous GAAP: Adoption of EIR for amortisation of Income and expenses - financial assets at (234.8) (230.7) amortised cos
Slide 32: ECL Provisions
ECL Provisions Particulars (₹ mn ) Stage 1 Stage 2 Stage 3* Total For the period ended Jun’25 Gross Loan Principal Outstanding 1,58,780 2,647 1,987 1,63,414 % of Portfolio 97.16% 1.62% 1.22% 100% ECL Provision Amt. 256 259 627 1,142 ECL Provision % 0.16% 9.78% 31.52% 0.70% For the period ended Mar’2
Slide 33: 5-year Financial Snapshot
5-year Financial Snapshot CAGR (FY20 Particulars (₹ bn) FY20 FY21 FY22 FY23 FY24 FY25 to FY25) AUM 78.0 94.5 113.5 141.7 173.1 204.2 21% Disbursement 29.3 26.6 36.0 50.2 55.8 61.2 16% Total Assets 76.6 89.6 110.2 134.1 165.2 186.2 19% Borrowings 53.5 63.5 79.7 98.4 123.4 139.2 21% Net Worth 21.0 24.
Slide 34: ROE Tree - Trend
ROE Tree - Trend Particulars FY20 FY21 FY22 FY23 FY24 FY25 Interest income 11.84% 12.57% 12.10% 12.27% 12.51% 12.40% Less: Interest Expense (incl. Finance Charges) (5.44%) (5.59%) (4.84%) (4.90%) (5.59%) (5.78%) Net Interest Income (NII) 6.41% 6.98% 7.27% 7.38% 6.92% 6.62% Add: Fees and Other income
Slide 35: Environmental, Social & Governance
Environmental, Social & Governance Extra Mile of Corporate Governance Robust Corporate Governance 2 Independent Women Director on board. Implemented the following policies to promote ethical, transparent, and accountable behavior: Independent Director as Chairperson of Board. • Code of practices and
Slide 36: Annexure - Glossary
Annexure - Glossary Ratios Formula Used Ratios Formula Used NIM (%) Net Total Income / Average Total Assets A/E (x) Average Total Asset / Average Equity Opex to Asset (%) Operating cost / Average Total Assets ROIC (%) PAT / Capital Invested Cost to Income (%) Operating cost / Net Total Income (NIM)
Slide 37: Thank You
Thank You Microsoft Excel SVG Vector icon PNG Free Download | UXWing Click here for Factsheet Aavas Financiers Limited CIN: L65922RJ2011PLC034297 Mr. Rakesh Shinde – Head of Investor Relations rakesh.shinde@aavas.in / investorrelations@aavas.in Visit us -