Aavas Financiers Q3 FY26 PAT at ₹4.74 bn, up 13% YoY; AUM grows 15% YoY
Aavas Financiers reported Q3 FY26 results with PAT at ₹4.74 billion, up 13% YoY, and AuM grew 15% YoY to ₹222 billion. NIM improved to 7.82% and spread to 5.34%. The company raised ₹975 crore via NCD issuance. Turnaround time reduced to 6 days.
The announcement includes key financial performance indicators (PAT, AuM, NIM, Spread) and operational highlights (disbursement growth, cost ratios, asset quality metrics) which are material for investors. The successful large NCD issuance also indicates strong financial health and market confidence.
The company reported positive financial results with year-on-year growth in profit, assets under management, and improved key financial metrics like NIM and spread. Operational efficiencies and asset quality also showed positive trends. The successful debt fundraising further supports a positive outlook.
Aavas Financiers Limited has announced its unaudited financial and operational performance for the quarter and nine months ended December 31, 2025. The company reported a Net Profit (PAT) of ₹4.74 billion for the nine months ended December 31, 2025, marking a 13% year-on-year growth. Assets under Management (AuM) reached ₹222 billion, a 15% increase year-on-year. The Net Interest Margin (NIM) improved to 7.82%, and the spread stood at 5.34%. The Net Stage 3 asset quality metric was reported at 0.79%, with 1+ DPD at 3.80%.
For the third quarter of FY26, Aavas Financiers disbursed loans worth ₹17.2 billion, a 10% sequential growth. Net profit for Q3 FY26 grew by 16% year-on-year to ₹1.70 billion, driven by a robust 17% year-on-year growth in Net Interest Income (NII). The spread expanded by 40 basis points year-on-year to 5.34%, supported by a 56 basis points year-on-year improvement in borrowing costs to 7.68%. NIM in absolute terms increased by 18% year-on-year in Q3FY26, and as a percentage of total assets, it stood at 8.01%, up 27 basis points year-on-year. Operational efficiency saw improvements with the Opex-to-Assets ratio declining 7 basis points sequentially to 3.44%, and the Opex to AuM ratio improving by 9 basis points sequentially to 3.1%. The Cost-to-Income ratio declined 75 basis points sequentially to 42.9%.
Asset quality remained strong, with 1+ DPD improving by 19 basis points sequentially to 3.80% as of December 2025, and Gross Stage 3 improved by 5 basis points sequentially to 1.19%. Credit costs remained stable at 16 basis points, with a guidance to keep them below 25 basis points sustainably. Net Worth grew by 16% year-on-year. Return on Assets (ROA) improved by 6 basis points year-on-year to 3.43%, and Return on Equity (ROE) improved by 8 basis points year-on-year to 14.29%.
Mr. Sachinder Bhinder, Managing Director & Chief Executive Officer, commented that the company achieved a key milestone with its balance sheet surpassing ₹20,000 crore. Aavas Financiers also completed its largest-ever NCD issuance, raising approximately ₹975 crore (USD 108 million) from a multilateral financial institution. The turnaround time from login to sanction has been reduced to 6 days. Over 2,800 customers have benefited from PMAY schemes, receiving subsidies totaling more than ₹90 million.
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