Aavas Financiers Q2 FY27 Results: Standalone Net Profit ₹182 Crore on Total Income of ₹737 Crore

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew faster than total income over both comparisons. Net profit rose 10.7% against the year-earlier quarter, while total income rose 10.4%, and 6.0% on the previous quarter against 3.9% for income. Profit before tax rose 11.5% YoY, so profit grew slightly slower than pre-tax profit, with tax expense up 14.4%.

Other income is small. At ₹0.47 crore it is 0.1% of total income and 0.2% of profit before tax of ₹235.60 crore, so the reported income is almost entirely revenue from operations of ₹736.30 crore.

Finance costs of ₹305.34 crore equal 41.4% of total income this quarter. They rose 10.8% YoY, close to the 10.4% growth in income, so the spread between the two stayed broadly steady. The filing does not give the reason for the rise in finance costs.

Tax expense of ₹54.08 crore is 23.0% of profit before tax, up from 22.4% a year earlier.

Impairment on financial instruments was ₹13.44 crore in the quarter, against ₹7.96 crore a year earlier, and the filing does not give the reason for the increase. Depreciation rose 13.6% YoY to ₹12.17 crore.

Inference

The company's Annexure A reports a debt equity ratio of 3.03 times, net worth of ₹5,398.47 crore and a capital risk adequacy ratio of 43.77% as at 30 Sep 2026. Borrowings other than debt securities stood at ₹14,361.48 crore on the balance sheet.

The company allotted 11,584 equity shares to eligible employees under its Performance Stock Option Plan at ₹10.00 per share in the half year. A separate filing on 26 Oct 2026 reports a grant of stock options under ESOP-2025.

The filing does not state a dividend for the quarter. It also does not give the reason for the reversal of share based payments of ₹4.43 crore in the half year cash flow, against an expense of ₹14.31 crore a year earlier, so the reader cannot tell from the filing what drove that line.

Reference: Original filing (PDF)