Aavas Financiers Ltd. · NSE:AAVAS
Aavas Financiers — Q1 FY27 Earnings Presentation
35 slides from Aavas Financiers's earnings presentation, Jul 21, 2026
Slide 1: Stock exchange cover letter for Q1FY27 investor presentation
Ref. No. AAVAS/SEC/2026-27/2927 Date: July 21, 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, Sub
Slide 2: Investor Presentation Q1FY27
Investor Presentation Q1FY27 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 – Q1FY27
Executive Summary – Q1FY27 Financial Capital Customers Distribution Assets Performance Structure 99.6% 440 ₹ 239.3 bn ₹ 1,713 mn ₹ 52.2 bn Retail Loans Branches AUM PAT* Net Worth 62% | 38% 15 ₹ 16.1 bn 12.70% | 7.64% 44.66% Self-Employed | States/UTs Disbursement Yield | CoB CRAR Salaried ₹ 14.7 bn
Slide 5: Management Commentary on Q1FY27
Management Commentary on Q1FY27 We have started the year on a strong note. During the quarter, we disbursed loans worth Rs. 16.1 bn, delivering robust growth of 41% YoY. This performance was driven by a strong pickup in volumes, meaningful improvement in resource productivity, and healthy 38% YoY gr
Slide 6: Key Performance Highlights – Q1FY27
Key Performance Highlights – Q1FY27 AUM (₹ mn) Disbursement (₹ mn) 1+ DPD (%) +15% +41% -39 bps 239,306 16,139 4.15% 207,397 11,454 3.76% Jun-25 Jun-26 Q1FY26 Q1FY27 Jun-25 Jun-26 NIM (%) Opex to Assets (%) PAT (₹ mn) +22 bps -9 bps +23% 3.46% 1,713 7.70% 3.37% 1,392 7.48% Q1FY26 Q1FY27 Q1FY26 Q1FY2
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 Q1FY27
Slide 8: People. Performance. Perseverance
People. Performance. Perseverance People Performance Perseverance Skill & Talent Depth Operational Excellence Ownership ✓ Strong institutional framework built on ✓ Deliver industry leading AuM growth ✓ Common language of success across the robust processes and competent middle ✓ Boost productivity p
Slide 9: Diverse Geographical Distribution
Diverse Geographical Distribution Data as on 30th Jun 2026 Geographical diversification journey Branch Vintage (No of Branches) 80% Himachal Pradesh 76% 50 31 <1 yr Punjab Chandigarh 74% 51 4 1 71% 54 1-3 yrs 5 Uttarakhand 94 9 69% 104 3-6 yrs Haryana 67% 20 Delhi 65% 5 64% 64% 142 6-9 yrs Rajasthan
Slide 10: Business Impact of Technology Transformations
Business Impact of Technology Transformations From LOS From Transformed LMS/CBS Application DIGITALLY POWERED SOURCING CHANNELS Transformation All loan applications are 10x Scalability with 99.9% 1 CSC, eMitra & IPPB (India Post Payments scored using AI based Business Availability, with Bank) are le
Slide 11: 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 Development Gen AI Voice BOT Quality Control realization marking for Collections AI Initiative via RPA
Slide 12: 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 13: Experienced Management Team
Experienced Management Team Jijy Oommen Rajaram Manu Singh Ripudaman Bandral Chief Technology Officer Balasubramaniam MD* & Chief Executive Chief Business Officer Chief Strategy Officer & Officer Head of Analytics • 25+ years of experience • 25+ years of experience in financial services • 25+ years
Slide 14: New Board bringing in a wealth of experience
New Board bringing in a wealth of experience Vivek Karve Sandeep Tandon Soumya Rajan Chairperson of Board, Independent Director & Independent Director & Independent Director & Chairperson of Audit Chairperson of Nomination Chairperson of Stakeholders Committee & Remuneration Committee Relationship C
Slide 15: Diversified Institutional Shareholding
Diversified Institutional Shareholding Shareholding Pattern as on Top Institutional Shareholders as on 30th June 2026 30th June 2026 Investor Details % Holding CVC Capital 48.88 ICICI Pru Asset Management^* 3.80 Others, 11.65% HDFC Asset Management^* 3.47 Axis Max Life^* 3.15 FII, 48.88% UTI Asset M
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 Q1FY27
Slide 17: Healthy Business Growth
Healthy Business Growth Disbursement (₹ mn) 67,751 23,481 61,230 55,822 17,219 16,139 50,245 15,599 11,454 * 36,022 26,569 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 FY21 FY22 FY23 FY24 FY25 FY26 (YoY %) -5% 21% 8% 16% 41% -9% 36% 39% 11% 10% 11% Assets under Management (AUM) (₹ mn) 2,34,517 2,39,306 2
Slide 18: Optimum Business Mix
Optimum Business Mix Average ticket size AUM (Segment wise) AUM (Occupation wise) ₹ 0.75 mn 13% 13% ₹ 0.80mn ₹ 0.99 mn ₹ 1.01 mn 40% 38% ₹ 0.85 mn 20% 23% ₹ 0.95 mn 67% 64% ₹ 0.96 mn 60% 62% ₹ 1.04 mn ₹ 1.07 mn ₹ 1.12 mn Jun-25 Jun-26 Jun-25 Jun-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: ₹1.02mn ₹ 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% 9.5% 14.0% 13.16% 12.66% 13.12% 13.13% 13.13% 12.82% 13.5% 13.13% 13.08% 13.02% 9.0% 13.0% 12.82%* 12.70%** 8.5% 12.5% 12.0% 8.0% 11.5% 8.02% 8.24% 7.85% 7.5% 7.61% 8.07% 7.62% 11.0% 7.68% 7.62% 7.64% 7.40% 6.88% 10.5% 7.0% Q1FY26 Q2FY26
Slide 21: Cost Efficiency & Return Ratios
Cost Efficiency & Return Ratios Opex to Assets and Cost to Income (%) 46.3% 45.9% 45.2% 4.5% 4.5% 41.9% 44.5% 43.4% 44.7% 50.0% 43.7% 42.9% 43.7% 46.0% 39.1% 45.0% 4.0% 3.88% 4.0% 40.0% 42.0% 3.69% 3.58% 35.0% 3.46% 3.51% 3.44% 3.45% 3.54% 30.0% 3.5% 3.37% 38.0% 3.5% 3.32% 25.0% 20.0% 3.01% 15.0% 3.
Slide 22: Earnings & Capital Ratios
Earnings & Capital Ratios Net Profit Net Worth Without raising Capital (₹ mn) (₹ mn) 7,00 0 6,556 50,508 52,196 6,50 0 6,00 0 5,743 43,608 5,50 0 4,908 37,733 4,283 5,00 0 4,50 0 32,697 4,00 0 3,575 28,086 3,50 0 3,00 0 2,903 24,014 2,50 0 2,00 0 1,713 1,50 0 1,00 0 FY21 FY22 FY23 FY24 FY25 FY26 Q1F
Slide 23: Pristine Asset Quality
Pristine Asset Quality Gross Stage 3 (%) Net Stage 3 (%) 1.22% 1.19% 0.84% 0.85% 0.79% 1.08% 0.68% 0.77% 1.11% 1.11% 1.05% 0.71% 1.05% 0.73% 0.98% 0.99% 0.71% 0.92% 0.94% 0.68% 0.67% 0.68% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY21 FY22 F
Slide 24: Robust Liability Management
Robust Liability Management AuM (₹ bn) AUM – Fixed/ Floating Mix (%) 120 % 120 % 100 % 207.4 213.6 222.0 234.5 239.3 100 % 94.5 113.5 141.7 173.1 204.2 234.5 90% 100 % 80% 80% 70% 80% 70% 70% 70% 71% 71% 60% 56% 60% 66% 60% 60% 60% 70% 71% 50% 40% 40% 40% 30% 44% 20% 30% 30% 30% 29% 29% 20% 20% 40%
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 120% 204.3 120% 182.9 186.9 193.0 207.1 20 0.0 102.6 125.2 155.6 179.5 204.3 1% 0.0 100% 11% 10% 10% 9% 9% 10 0.0 100% 12% 9% 9% 9% 1% 11% 10% 18% 80% 14% 14% 12%
Slide 26: Disciplined ALM & Comfortable Liquidity Position
Disciplined ALM & Comfortable Liquidity Position Surplus Management ALM Position As on Jun – 26 (₹ bn) Surplus: 15.30 19.82 21.11 26.30 24.98 - 218.80 218.80 Assets Liabilities 162.36 137.38 114.66 88.36 55.31 38.72 34.19 25.92 18.90 10.63 <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 Q1FY27
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ mn ) Q1 FY27 Q1 FY26 Y-o-Y Q4 FY26 Q-o-Q Interest Income on Loans (incl. Processing Fee) 6,335.1 5,598.4 13.2% 6,120.6 3.5% Interest Income on Fixed Deposits 298.7 322.8 -7.5% 283.1 5.5% Upfronting Income on Fresh Assigned Loans 595.2 474.9 - 827.7 - Reversal I
Slide 29: Balance Sheet
Balance Sheet Particulars (₹ Mn ) 30-Jun-26 31-Mar-26 Sources of Funds Share Capital 793 793 Reserves & Surplus 51,403 49,716 Borrowings 1,60,705 1,56,856 Deferred Tax Liability (Net) 1,018 1,004 Other Liabilities & Provisions 3,931 3,757 Total 2,17,850 2,12,125 Application of Funds Loan Assets 1,87
Slide 30: ECL Provisions
ECL Provisions Particulars (₹ mn ) Stage 1 Stage 2 Stage 3 Total For the period ended Jun’26 Gross Loan Principal Outstanding 1,83,929 2,717 2,101 1,88,747 % of Portfolio 97.45% 1.44% 1.11% 100% ECL Provision Amt. 369 265 773 1,407 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 2 Women Directors of the Board. standards 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 Aavas Financiers Limited Thank you CIN: L65922RJ2011PLC034297 Mr. Rakesh Shinde – Head of Investor Relations rakesh.shinde@aavas.in / investorrelations@aavas.in Visit us -