Aavas Financiers Ltd. · NSE:AAVAS
Aavas Financiers — H1FY27 Earnings Presentation
35 slides from Aavas Financiers's earnings presentation, Oct 26, 2026
Slide 1: Exchange filing cover letter
Ref. No. AAVAS/SEC/2026-27/3378 Date: October 26, 2026 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,
Slide 2: Investor Presentation H1FY27
Investor Presentation H1FY27 People. Performance. Perseverance.
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 – H1FY27
Executive Summary – H1FY27 Financial Capital Customers Distribution Assets Performance Structure 99.6% 443 ₹ 248.0 bn ₹ 3,521 mn ₹ 54.0 bn Retail Loans Branches AUM PAT* Net Worth 62% | 38% 15 ₹ 35.1 bn 12.66% | 7.64% Self-Employed | States/UTs Disbursement Yield | CoB 43.77% Salaried CRAR 21,500+ 2
Slide 5: Management Commentary
Management Commentary It gives me immense pleasure and pride to share that your company will surpass the significant milestone of Rs. 250 billion in AUM this month, having served nearly 4.5 lakh customers. As we embark on our next milestone of Rs. 500 bn in AUM, the quality of growth will remain as
Slide 6: Key Performance Highlights – H1FY27
Key Performance Highlights – H1FY27 AUM (₹ mn) Disbursement (₹ mn) NII(₹ mn) NIM (%) +16% +30% +17% -5 bps 6,825 248,011 35,056 7.81% 213,566 5,851 7.76% 27,053 Sep-25 Sep-26 H1FY26 H1FY27 H1FY25 H1FY26 H1FY26 H1FY27 Operating Profit (₹ mn) Opex to Assets (%) 1+ DPD (%) PAT (₹ mn) +18% -18 bps -18 b
Slide 7: Pillars of Strength
Pillars of Strength Strong Institutional Diverse Geographical In-house Execution Model Diversified Customer Base Framework Distribution Future ready Tech Professional Management Experienced Board of Diversified Shareholding Platform Team Directors Base 6 Investor Presentation H1FY27
Slide 8: People. Performance. Perseverance
People. Performance. Perseverance People Performance Perseverance Skill & Talent Depth Operational Excellence Ownership Strong institutional framework built on robust Deliver industry leading AuM growth Common definition of success across the processes and competent middle layer company Boost Produc
Slide 9: Diverse Geographical Distribution
Diverse Geographical Distribution Data as on 30th Sep 2026 Geographical diversification journey Branch Vintage (No of Branches) Himachal Pradesh 80% 46 34 <1 yr Chandigarh 76% 57 Punjab 5 52 1 74% 1-3 yrs 6 71% 89 9 Uttarakhand 105 3-6 yrs Haryana 69% 21 Delhi 67% 5 65% 64% 143 6-9 yrs 64% 162 Rajas
Slide 10: Right to Win with In-house Model
Right to Win with In-house Model In-house Focused on CSC & E-Mitra: In-house Common service centers Sourcing Direct: across India Open market, cold calling, Building canopy activity, etc. Four-tiered Institutional collection Partnership architecture for Lead Mitra: generation People in allied1 indus
Slide 11: Diversified & Connected Sourcing Engine
Diversified & Connected Sourcing Engine 20+ Digitally Enabled Sourcing Channels with robust API Stack Automated Flow & Integration Real-time lead flow into Salesforce Seamless integration with partner platforms Automated lead assignment to field teams Capability to onboard connectors in real time Fu
Slide 12: AI-Led Transformation Driving Efficiency & Scale
AI-Led Transformation Driving Efficiency & Scale Customer Underwriting & Customer Employee Acquisition Disbursement Lifecycle Productivity Concurrent AI-Driven Software AI Based Login Disbursement Gen AI Voice BOT Development Quality Control realization marking for Collections & AI Initiative via RP
Slide 13: Experienced Management Team
Experienced Management Team Rajaram Jijy Oommen Manu Singh Ripudaman Bandral Balasubramaniam Chief Technology Officer Chief Strategy Officer & MD & Chief Executive Chief Business Officer Head of Analytics Officer • 25+ years of experience • 25+ years of experience • 25+ years of experience in financ
Slide 14: New Board bringing in a wealth of experience
New Board bringing in a wealth of experience Vivek Karve Vellur Gopalaraghavan Kannan Soumya Rajan Independent Director & Chairperson of Board and Independent Director & Independent Director Chairperson of Audit Chairperson of Nomination Committee & Remuneration Committee • 31+ years of experience •
Slide 15: Diversified Institutional Shareholding
Diversified Institutional Shareholding Top Institutional Shareholders as on 30th Sep 2026 Shareholding Pattern as on Investor Details % Holding 30th Sep 2026 CVC Capital 48.88 HDFC Asset Management^* 3.50 ICICI Pru Asset Management^* 3.14 Others, 13.41% UTI Asset Management^* 3.04 Axis Max Life^* 2.
Slide 16: Business Performance
Business Performance Business Growth Business Mix Spreads, Margins and Cost Efficiency and Return Yields Ratios Earnings & Capital Asset Quality Borrowings Profile ALM and Liquidity Position Ratios 15 Investor Presentation H1FY27
Slide 17: Healthy Business Growth
Healthy Business Growth Disbursement (₹ mn) 67,751 23,481 61,230 18,911 55,822 17,219 16,139 50,245 15,599 36,022 26,569 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 FY21 FY22 FY23 FY24 FY25 FY26 (YoY %) 21% 8% 16% 41% 21% -9% 36% 39% 11% 10% 11% Assets under Management (AUM) (₹ mn) 2,48,011 2,34,517 2,3
Slide 18: Optimum Business Mix
Optimum Business Mix Average ticket size AUM (Segment wise) AUM (Occupation wise) ₹ 0.76 mn 13% 14% ₹ 0.83mn ₹ 0.99 mn ₹ 1.02 mn 39% 38% ₹ 0.87 mn 20% 23% ₹ 0.97 mn ₹ 1.08 mn 67% 63% ₹ 1.13 mn ₹ 0.98 mn 61% 62% ₹ 1.05 mn Sep-25 Sep-26 Sep-25 Sep-26 HL MSME LAP Self employed Salaried Disbursement (Se
Slide 19: Well Diversified Portfolio Mix
Well Diversified Portfolio Mix AUM by Geography AUM by Ticket size (No of Loans) Karnataka, 4% Others, 4% 1% Haryana, 5% 5% Rajasthan, 33% Upto ₹ 1.5 Mn Uttar Pradesh, 6% 11% Delhi, 5% ₹ 1.5 to ₹ 2.5 Mn ATS: ₹1.04mn ₹ 2.5 to ₹ 5.0 Mn Madhya Pradesh, 12% 83% Above ₹ 5.0 Mn Maharashtra, Gujarat, 12% 1
Slide 20: Yield, Spread and Margin
Yield, Spread and Margin Yield and Cost of Borrowing (%) 14.5% 13.16% 13.12% 13.13% 13.13% 9.5% 12.66% 12.82% 14.0% 13.08% 13.02% 12.82%* 13.5% 9.0% 13.0% 12.70%** 12.66% 8.5% 12.5% 12.0% 8.0% 7.85% 8.07% 8.24% 11.5% 7.68% 7.40% 7.61% 7.62% 7.5% 11.0% 7.62% 7.64% 7.64% 6.88% 10.5% 7.0% Q2FY26 Q3FY26
Slide 21: Cost Efficiency & Return Ratios
Cost Efficiency & Return Ratios Opex to Assets and Cost to Income (%) 45.9% 44.5% 45.2% 44.7% 4.5% 4.5% 41.9% 43.4% 50.0% 43.7% 42.9% 43.7% 46.0% 39.1% 45.0% 3.88% 42.2% 40.0% 4.0% 4.0% 42.0% 3.69% 3.58% 35.0% 3.51% 3.44% 3.45% 3.54% 30.0% 3.5% 3.37% 3.30% 38.0% 3.5% 3.32% 25.0% 3.01% 20.0% 15.0% 3.
Slide 22: Earnings & Capital Ratios
Earnings & Capital Ratios Net Profit Net Worth Without raising Capital (₹ mn) (₹ mn) 6,556 53,985 50,508 7,00 0 5,743 6,50 0 6,00 0 43,608 5,50 0 4,908 37,733 4,283 5,00 0 32,697 3,575 3,521 4,50 0 4,00 0 28,086 3,50 0 3,00 0 2,903 24,014 2,50 0 2,00 0 1,50 0 1,00 0 FY21 FY22 FY23 FY24 FY25 FY26 H1F
Slide 23: Pristine Asset Quality
Pristine Asset Quality Gross Stage 3 (%) Net Stage 3 (%) 1.24% 0.85% 0.79% 1.19% 1.05% 1.08% 0.68% 0.71% 0.77% 1.11% 1.11% 1.05% 0.70% 0.73% 0.98% 0.99% 0.71% 0.92% 0.94% 0.68% 0.67% 0.68% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 FY21 FY22 F
Slide 24: Robust Liability Management
Robust Liability Management AuM (₹ bn) AUM – Fixed/ Floating Mix (%) 120 % 213.6 222.0 234.5 239.3 248.0 120 % 100 % 100 % 94.5 113.5 141.7 173.1 204.2 234.5 90% 100 % 80% 80% 70% 80% 70% 70% 71% 71% 72% 60% 56% 60% 66% 60% 60% 60% 70% 71% 50% 40% 40% 40% 30% 40% 44% 40% 20% 30% 30% 34% 20% 29% 29%
Slide 25: Diversified Funding Profile & Credit Rating
Diversified Funding Profile & Credit Rating Borrowings (₹ bn) Borrowings Mix (%) Term Loans Direct Assignment NHB refinance NCDs CP & CC 204.3 207.1 215.9 120% 186.9 193.0 120% 102.6 125.2 155.6 179.5 204.3 20 0.0 0% 1% 0.0 10% 9% 9% 9% 100% 10% 12% 9% 9% 9% 10 0.0 100% 11% 10% 9% 18% 14% 12% 20% 14
Slide 26: Disciplined ALM & Comfortable Liquidity Position
Disciplined ALM & Comfortable Liquidity Position Surplus Management ALM Position As on Sep – 26 (₹ bn) Surplus: 15.35 18.53 20.38 22.23 23.17 - Assets 224.21 224.21 Liabilities 166.43 143.27 117.15 94.92 55.20 26.29 37.79 34.82 10.94 19.26 <3 months <6 months <1 year <3 years <5 years >5 years Liqui
Slide 27: Financial Performance
Financial Performance Profit and Loss Statement Balance Sheet ECL Provisioning 5 Year Financials & ROE Glossary ESG Tree 26 Investor Presentation H1FY27
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ mn ) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY26 Q-o-Q H1FY27 H1FY26 Y-o-Y Interest Income on Loans (incl. Processing Fee) 6,501.9 5,772.9 12.6% 6,335.1 2.6% 12,837.0 11,371.3 12.9% Interest Income on Fixed Deposits 291.2 309.3 298.7 589.9 632.1 Upfronting Income on Fresh As
Slide 29: Balance Sheet
Balance Sheet Particulars (₹ Mn ) 30-Sep-26 31-Mar-26 Sources of Funds Share Capital 793 793 Reserves & Surplus 53,192 49,716 Borrowings 1,64,854 1,56,856 Deferred Tax Liability (Net) 1,040 1,004 Other Liabilities & Provisions 3,533 3,757 Total 2,23,412 2,12,125 Application of Funds Loan Assets 1,93
Slide 30: ECL Provisions
ECL Provisions Particulars (₹ mn ) Stage 1 Stage 2 Stage 3 Total For the period ended Sep’26 Gross Loan Principal Outstanding 1,89,773 2,788 2,170 1,94,731 % of Portfolio 97.45% 1.43% 1.11% 100% ECL Provision Amt. 411 286 827 1,524 ECL Provision % 0.20% 9.76% 36.80% 0.75% For the period ended Mar’26
Slide 31: Historical Financial Snapshot
Historical Financial Snapshot CAGR Particulars (₹ bn) FY21 FY22 FY23 FY24 FY25 FY26 (5 Years) AUM 94.5 113.5 141.7 173.1 204.2 234.5 20% Disbursement 26.6 36.0 50.2 55.8 61.2 67.8 21% Total Assets 89.6 110.2 134.1 165.2 186.2 212.1 19% Borrowings 63.5 79.7 98.4 123.4 139.2 156.9 20% Net Worth 24.0 2
Slide 32: ROE Tree - Trend
ROE Tree - Trend Particulars FY21 FY22 FY23 FY24 FY25 FY26 Interest Income 11.64% 11.46% 11.53% 11.56% 11.62% 11.75% Less: Interest Expense (incl. Finance Charges) (5.59%) (4.84%) (4.90%) (5.59%) (5.78%) (5.55%) Net Interest Income (NII) 6.05% 6.62% 6.63% 5.98% 5.84% 6.21% Add: Fees, Commission and
Slide 33: Environmental, Social & Governance
Environmental, Social & Governance Extra Mile of Corporate Governance Robust Corporate Governance The Board of Directors helps improve corporate credibility and governance standards 2 Women Directors of the Board. and manage risk and independent oversight in the Company. The company has also impleme
Slide 34: 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 ROCI (%) PAT / Capital Invested Cost to Income (%) (C/I) Operating cost / Net Total Income
Slide 35: Thank you
Microsoft Excel SVG Vector icon PNG Free Download | UXWing Click here for Factsheet Thank you Aavas Financiers Limited CIN: L65922RJ2011PLC034297 Mr. Rakesh Shinde – Head of Investor Relations rakesh.shinde@aavas.in / investorrelations@aavas.in Visit us -