Aye Finance Limited · NSE:AYE
Aye Finance — Q1 FY27 Earnings Presentation
41 slides from Aye Finance's earnings presentation, Jul 22, 2026
Slide 1: Exchange intimation letter: Investor Presentation
AYE FINANCE LIMITED (formerly known as AYE FINANCE PRIVATE LIMITED) CIN: L65921DL1993PLC283660 July 22, 2026 To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai – 40
Slide 2: Aye Finance Limited Investor Presentation Q1FY27
Aye Finance Limited Investor Presentation Q1FY27
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”) which have been prepared by Aye Finance Limited (the “Company”) have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Index
Index 01 Performance Highlights Page 4-7 02 Company Overview Page 8-16 03 Liquidity Profile Page 17-19 04 Asset Quality Page 20-25 05 Key Efficiency Drivers Page 26-32 06 Financial Overview Page 33-40 07 Vision & FAQs Link 3
Slide 5: Performance Highlights
Performance Highlights 4
Slide 6: Management Commentary
Management Commentary Commenting on the performance Mr. Sanjay Sharma MD and Co-Founder said : “India's micro-enterprises continue to demonstrate strong credit resilience, even as the broader macro environment remains uncertain. Government-led financial inclusion initiatives and rapid digital adopti
Slide 7: Key Highlights – Q1FY27
Key Highlights – Q1FY27 (Rs. Crores) Assets Under Management Disbursements Gross Total Income +28% +22% +22% 7,044 7,324 1,655 503 490 5,721 1,219 403 1,001 Q1FY26 Q4FY26 Q1FY27 The sequential moderation in disbursements is consistent with Q1FY26 Q4FY26 Q1FY27 the seasonal trend we observe every Q1,
Slide 8: Key Highlights – Q1FY27
Key Highlights – Q1FY27 Average Yield (%) NIM (%) Cost to Income (%) 22.1% 22.9% 22.4% 15.7% 15.9% 53.8% 14.3% 48.1% 50.1% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 PAR X (%) Asset Quality (%) Return Ratios (%) Book Value Per Networth 8.0% Rs. 2,603 Crore# 6.9% 7.0% Share: Rs. 1
Slide 9: Company Overview
Company Overview 8
Slide 10: India’s Leading Micro-enterprise Lender
India’s Leading Micro-enterprise Lender • Founded in 2014, Aye Finance is an RBI-registered NBFC-ML focused on enabling credit Rs. 7,324 Crores Rs.1,219 Crores access for underserved MSMEs across India. Assets Under Management Disbursements • Large unmet credit demand in the target segment, with hig
Slide 11: Journey So Far
Journey So Far FY2016 FY2018 FY2020 FY2022 FY2023 FY2024 FY2025 FY2026 Started in North +South +West & East PAN India PAN India PAN India PAN India PAN India Obtained CoR as NBFC from RBI 2014 # States Added 5 5 8 2 1 0 0 0 Total States 5 10 18 20 21 21 21 21 Branches 172 311 398 478 526 571 AUM 1,7
Slide 12: PAN India Presence
PAN India Presence Branch Network – 571 Branches in 18 states and 3 UTs Geographical AUM Mix (%) AUM by Industry (%) North 15% 0.19% 17% 3.99% J&K Branches PB 1.14% 47.3% 49.0% HP 180 51.0% 50.8% 4.37% 0.19% HR 1.52% 11% CH UK 0.38% 8.7% 9.5% DL 10.0% 10.4% 13.31% 10.9% 12.5% West 10.84% 7% 14.0% 13
Slide 13: Unique Positioning: Focused on Unorganised Micro-MSMEs
Unique Positioning: Focused on Unorganised Micro-MSMEs Marginal- Wage Earners Marginal - Self employed Unorganised Micro MSME Organised Micro MSME & Contract workers Farmers, Skill based-Plumber, No Financial docs GST, Fin Returns Segments Carpenter etc. Turnover Rs 30 lacs - 1 crs pa Turnover Rs 1-
Slide 14: Our Customers are Micro Scale MSMEs…
Our Customers are Micro Scale MSMEs… …From diversified business clusters across India ✓ Horizontal Clusters Vertical Clusters Understanding of over 70 business clusters ✓ Manufacturing, Trading, service and allied Shoes agriculture sector Grocery shop Brass work Glasswork Woodwork ✓ Permanent busine
Slide 15: Comprehensive Product Offerings
Comprehensive Product Offerings AUM Split (%) ATS on Disbursement Number of Active Product Offerings Collateral as of June 2026 (INR Lakhs) Loans LAP 4.9 42,003 Mortgage over SORP/SOCP 21.8% 1.5% AUM Jun-26 ‘Saral’ Property 1.9 10,202 Mortgage over Plots & POA sale INR 7,324 Loans 76.7% Hypothecatio
Slide 16: Board of Directors
Board of Directors Sanjay Sharma Sanjaya Gupta Vinay Baijal Govinda Rajulu Chintala MD and Co-Founder Independent Director Independent Director Chairman Former Chairman of NABARD, MD Over 30 years of experience with Former MD of PNB Housing Former Chief General Manager of NABFINS and Director of Ban
Slide 17: Strong Management Team
Strong Management Team Sanjay Sharma Niraj Kaushik Ujual George Gaurav Seth Experience: Experience: Experience: Experience: IIFL Home Loans, Airtel Payments Bank, ICICI Ltd, HDFC Bank, Standard Bajaj Finserv, Religare, Royal Bank of RBL Bank, ADCB, Barclays Bank, HSBC Canara HSBC Life Insurance, HSB
Slide 18: Liquidity Profile
Liquidity Profile 17
Slide 19: Diversified Lender Base with Reducing Cost of Borrowing
Diversified Lender Base with Reducing Cost of Borrowing Banks (32.0%) Cost of Borrowing CoB Incremental CoB 11.24% 11.04% 10.94% 10.87% 10.78% 10.76% 10.40% 10.31% 10.13% 10.20% Financial Institutions* (49.0%) Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 (Rs. Crores) Debt 830.2 1,128.1 662.3 670.6 1,136.7 rai
Slide 20: Liability Profile
Liability Profile ALM Position (Cumulative) Capital Adequacy Ratio (%) 42.2% 42.4% 8,730 8,730 32.8% 34.9% 7,686 5,675 4,289 Mar-24 Mar-25 Mar-26 Jun-26 2,823 2,946 2,022 1,476 850 Networth (Rs. Crores) Upto 3 months Upto 6 months Upto 1 year Upto 3 years Upto 5 years 2,533 2,603 Inflow Outflow 1,65
Slide 21: Asset Quality
Asset Quality 20
Slide 22: Asset Quality Trends
Asset Quality Trends PAR X (%) PAR 30 (%) Credit Cost – Annualized (%) 7.96% 6.64% 5.35% 6.88% 7.01% 6.12% 6.07% 4.30% 4.01% Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 Collection Efficiency % (Non-OD) Collection Efficiency % (Bucket 1) 98.8% 99.4% 99.2% 59.8% 54.5% 42.9% Q1FY26 Q
Slide 23: Collection Efficiency and PAR Trends – Overall
Collection Efficiency and PAR Trends – Overall Collection Efficiency % (Non-OD) Collection Efficiency (Bucket 1) 99.5% 59.8% 62.5% 99.3% 99.4% 57.1% 57.1% 55.2% 99.3% 99.3% 51.2% 99.1% Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 PAR X PAR 30 7.5% 6.6% 7.3% 6.4
Slide 24: Collection Efficiency and PAR Trends - Key States
Collection Efficiency and PAR Trends - Key States Bihar Uttar Pradesh Rajasthan Rest States Collection Efficiency % Collection Efficiency % Collection Efficiency % Collection Efficiency % (Non-OD & Bucket 1) (Non-OD & Bucket 1) (Non-OD & Bucket 1) (Non-OD & Bucket 1) 99.4% 99.4% 99.5% 99.2% 99.4% 99
Slide 25: Summary of Provisions
Summary of Provisions Particulars (Rs. Crores) Stage 1 Stage 2 Stage 3 Total As of 30th June 2026 Gross loans outstanding 6,475 83 308 6,865 ECL provision 42 39 194 275 Net loans outstanding 6,433 44 114 6,590 Provision % 0.65% 47.11% 63.05% 4.01% As of 31st March 2026 Gross loans outstanding 6,155
Slide 26: Robust Multi-Tiered Collection Capabilities
Robust Multi-Tiered Collection Capabilities Tier 1 — Digital Tier 2 — Field Tier 3 — Legal Controlling bounce using data Securing collection via 500+ Aiding recoveries with legal science models branch infrastructure remedies Specialized legal unit Predictive models Feet-on-street network Dedicated t
Slide 27: Key Efficiency Drivers
Key Efficiency Drivers 26
Slide 28: Efficiency Drivers – Technology
Efficiency Drivers – Technology Technology platform is enhanced by Data Science & Visualization of trends Customer Loan Origination Interface Branch Call Centre Direct Supply Visualization & 100% Paperless (Digital) Chain Analytics Layer 100% inhouse Interface • Tableau Apps Layer Ameyo AYE App Swit
Slide 29: Efficiency Drivers – Mortgage Business
Efficiency Drivers – Mortgage Business Longer tenor brings AUM stability and enhanced long term profitability Between FY24 and FY26, Company has deployed 1,020 dedicated staff in “Primary ML Channel” in 180 branches Primary channel (Decentralized underwriting) – 180 branches Mortgage Business Branch
Slide 30: Efficiency Drivers – Repeat Business
Efficiency Drivers – Repeat Business Repeat program ensures retention of good customers with low origination cost Repeat loan use Machine Learning models to target quality customers ‘Low Risk’ Repeat Data Customers Loan Review Science Model Repeat Loans and Eligible Customers ▪ Repayment Behavior ‘H
Slide 31: Efficiency Drivers – Branch Network
Efficiency Drivers – Branch Network AUM Growth is driven by deepening branch portfolios (Rs. Crores) Upto 2 Y 6 2-4 Y 10 4+Y 15 Avg AUM by Branch Vintage AUM growth has limited dependency on branch expansion Contribution to growth in AUM (Mar-25 to Jun-26) AUM Growth 64.4% 23.5% 27.0% 28.2% Existing
Slide 32: FY27 Guidance
FY27 Guidance Particulars FY27 Q1FY27 Assets Under Management 25.0% - 30.0% 28.0% Growth (%)* Net Interest Margin (%) 14.25% - 14.75% 15.9% Opex Cost (%) 8.25% - 8.75% 8.9% Credit Cost (%) 3.5% - 4.0% 4.0% Return on Total Assets (%) 4.0% - 4.5% 3.7% *YoY Growth 31
Slide 33: Three Year Vision
Three Year Vision : Growth 01 Asset Quality Compounding current momentum for superior • Maintaining industry-leading quality with a normalized Credit Cost of returns and asset quality 3.25% - 3.75%. 02 Profitability • Delivering strong financial performance with RoA of 4.0% - 4.5% and RoE of 17.0% -
Slide 34: Financial Overview
Financial Overview 33
Slide 35: Profit & Loss Summary
Profit & Loss Summary Particulars (Rs. Crores) Q1FY27 Q1FY26 Y-o-Y Q4FY26 Q-o-Q FY26 Interest Income 453 359 427 1,549 Fee & Other Income 37 44 76 230 Total Income 490 403 22% 503 -3% 1,779 Finance Cost 131 126 135 534 Operating Expense 180 149 177 661 Pre Provisioning Operating Profit 179 128 40% 1
Slide 36: Balance Sheet Summary
Balance Sheet Summary As on period ended Particulars (Rs. Crores) 30th June 2026 31st March 2026 30th June 2025 Assets Cash & Bank balance 1,351 1,090 1,261 Loans 6,583 6,266 5,106 Investments 196 158 71 Other financial assets 94 107 74 Other non-financial assets 167 152 154 Total Assets 8,391 7,773
Slide 37: ROE Tree
ROE Tree Particulars (%) Q1FY27 Q1FY26 YoY (bps) Q4FY26 QoQ (bps) FY26 Interest Income on ATA 22.42% 22.09% 33 bps 22.95% -53 bps 21.95% Finance Cost on ATA 6.48% 7.75% -127 bps 7.26% -78 bps 7.57% Net Interest Margin on ATA 15.94% 14.33% 161 bps 15.69% 25 bps 14.38% Fee & Other Income on ATA 1.83%
Slide 38: Shareholding Pattern
Shareholding Pattern More than 5% Shareholders As of 30th June 2026 Investors % 4.4% Elevation Capital 12.6% 8.9% 1.9% LGT Capital Invest 10.1% 5.6% 12.3% Alpha Wave India 7.8% 67.0% CapitalG LP (erstwhile Google Capital) 7.7% British International Investment 7.4% FII AIF A91 Emerging Fund 7.2% Mutu
Slide 39: CSR Activities
CSR Activities FAME (Foundation for Advancement of Micro Enterprises) is a not-for-profit bridging the gap between the aspirations of India’s 60 million grassroots micro- FAME entrepreneurs and the opportunities available to them — through five focused livelihood programs. Shoe Artisans Kirana Sport
Slide 40: Glossary
Glossary PAR X PAR X is total overdue (all DPD buckets) PAR 30 PAR 30 is total overdue (all DPD 30 day onwards) Collection Efficiency Collection efficiency is calculated on number of accounts and restricted to 1 account if collected Bucket 1 Bucket 1 refers to overdue cases below 30 DPD Leverage Ave
Slide 41: Thank You
Contact Us Contact Information Company: AYE Finance Limited Gaurav Seth – Chief Financial Officer gaurav.seth@ayefin.com Thank You Sovan Satyaprakash - Chief Strategy & IR Officer sovan.satyaprakash@ayefin.com Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC20428