Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of AAVAS Financiers Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 450 | 467 | 497 | 508 | 546 | 542 | 579 | 597 | 636 | 628 | 667 | 674 | 715 |
| Interest | 165 | 187 | 204 | 217 | 222 | 235 | 249 | 259 | 265 | 271 | 276 | 274 | 273 |
| Expenses + | 118 | 132 | 130 | 134 | 139 | 138 | 133 | 142 | 170 | 168 | 170 | 170 | 199 |
| Financing Profit | 167 | 148 | 163 | 157 | 186 | 169 | 198 | 196 | 202 | 188 | 222 | 230 | 243 |
| Financing Margin % | 37% | 32% | 33% | 31% | 34% | 31% | 34% | 33% | 32% | 30% | 33% | 34% | 34% |
| Other Income + | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 7 | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 9 | 11 | 11 | 12 |
| Profit before tax | 159 | 141 | 157 | 150 | 177 | 161 | 190 | 188 | 193 | 179 | 211 | 219 | 231 |
| Tax % | 20% | 22% | 22% | 22% | 20% | 22% | 22% | 22% | 20% | 22% | 22% | 22% | 21% |
| Net Profit + | 127 | 110 | 122 | 117 | 143 | 126 | 148 | 146 | 154 | 139 | 164 | 170 | 182 |
| EPS in Rs | 16.03 | 13.87 | 15.38 | 14.74 | 18.02 | 15.93 | 18.69 | 18.50 | 19.42 | 17.59 | 20.71 | 21.48 | 22.91 |
| Gross NPA % | 0.92% | 1.00% | 1.04% | 1.09% | 0.94% | 1.01% | 1.08% | 1.14% | 1.08% | 1.22% | 1.24% | 1.19% | |
| Net NPA % | 0.68% | 0.73% | 0.76% | 0.79% | 0.67% | 0.72% | 0.78% | 0.81% | 0.73% | 0.84% | 0.85% | 0.79% |
Financials of AAVAS Financiers Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue + | 104 | 191 | 305 | 494 | 710 | 902 | 1,103 | 1,304 | 1,608 | 2,018 | 2,355 | 2,683 |
| Interest | 53 | 97 | 143 | 193 | 255 | 356 | 458 | 478 | 591 | 828 | 1,007 | 1,095 |
| Expenses + | 21 | 43 | 72 | 161 | 188 | 225 | 273 | 349 | 441 | 535 | 582 | 706 |
| Financing Profit | 30 | 51 | 90 | 139 | 266 | 321 | 372 | 477 | 576 | 654 | 765 | 882 |
| Financing Margin % | 29% | 27% | 29% | 28% | 38% | 36% | 34% | 37% | 36% | 32% | 32% | 33% |
| Other Income + | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 4 | 1 |
| Depreciation | 1 | 1 | 3 | 6 | 10 | 20 | 21 | 24 | 29 | 33 | 36 | 43 |
| Profit before tax | 29 | 50 | 88 | 134 | 258 | 302 | 353 | 455 | 549 | 624 | 733 | 840 |
| Tax % | 34% | 34% | 35% | 31% | 32% | 18% | 18% | 22% | 22% | 21% | 22% | 22% |
| Net Profit + | 19 | 33 | 57 | 93 | 176 | 249 | 290 | 357 | 430 | 491 | 574 | 655 |
| EPS in Rs | 5.80 | 8.54 | 9.82 | 13.46 | 22.52 | 31.81 | 36.88 | 45.20 | 54.40 | 62.00 | 72.53 | 82.60 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of AAVAS Financiers Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 38 | 58 | 69 | 78 | 78 | 78 | 79 | 79 | 79 | 79 | 79 |
| Reserves | 69 | 165 | 508 | 1,121 | 1,759 | 2,020 | 2,323 | 2,730 | 3,191 | 3,694 | 4,282 | 4,972 |
| Borrowing | 704 | 1,447 | 1,793 | 2,755 | 3,653 | 5,382 | 6,378 | 8,012 | 9,887 | 12,412 | 13,918 | 15,686 |
| Other Liabilities + | 47 | 60 | 91 | 95 | 137 | 177 | 181 | 200 | 254 | 334 | 339 | 476 |
| Total Liabilities | 852 | 1,711 | 2,451 | 4,040 | 5,627 | 7,657 | 8,960 | 11,020 | 13,411 | 16,519 | 18,618 | 21,212 |
| Fixed Assets + | 5 | 6 | 10 | 18 | 23 | 60 | 58 | 66 | 78 | 116 | 134 | 178 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 20 | 11 | 10 | 0 |
| Investments | 0 | 0 | 1 | 4 | 4 | 4 | 4 | 68 | 123 | 182 | 230 | 271 |
| Other Assets + | 847 | 1,705 | 2,440 | 4,017 | 5,599 | 7,592 | 8,897 | 10,885 | 13,189 | 16,210 | 18,244 | 20,764 |
| Total Assets | 852 | 1,711 | 2,451 | 4,040 | 5,627 | 7,657 | 8,960 | 11,020 | 13,411 | 16,519 | 18,618 | 21,212 |
Financials of AAVAS Financiers Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -591 | -591 | -933 | -1,276 | -1,172 | -1,071 | -1,136 | -1,920 | -2,001 | -1,660 | -1,386 | |
| Cash from Investing Activity + | -1 | -15 | -218 | -327 | -342 | -265 | -467 | 196 | -646 | 176 | -117 | |
| Cash from Financing Activity + | 816 | 640 | 1,240 | 1,404 | 1,705 | 1,008 | 1,623 | 1,858 | 2,491 | 1,475 | 1,720 | |
| Net Cash Flow | 224 | 34 | 90 | -199 | 191 | -328 | 20 | 134 | -156 | -9 | 217 | |
| Free Cash Flow | -592 | -598 | -947 | -1,290 | -1,192 | -1,079 | -1,151 | -1,958 | -2,032 | -1,688 | -1,418 | |
| CFO/OP | -390% | -243% | -268% | -232% | -164% | -122% | -111% | -157% | -126% | -86% | -62% |
Financials of AAVAS Financiers Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % | 24% | 21% | 15% | 11% | 12% | 13% | 13% | 14% | 14% | 14% | 14% | 14% |