NBFC Stock Sees 17% Surge Following Release of Q4 2026 Earnings Results

Aye Finance Surges to Fresh All-Time High Amid Strong Q4 Performance

On Monday, April 27, Aye Finance, the recent debutant on Dalal Street, saw its shares jump by 17% to hit a fresh all-time high of ₹158 apiece. This surge comes on the back of the company's impressive performance in the March quarter, as well as the financial year ended March 31.

Aye Finance's profit after tax (PAT) for the March quarter skyrocketed by 110% year-on-year to ₹86 crore. The company's assets under management (AUM) grew by 27% YoY to ₹7,044 crore, supported by a 25% YoY rise in quarterly disbursements. Additionally, Aye Finance added 70,841 new borrowers during the quarter.

The company's credit cost for the quarter stood at 4.3%, down 186 basis points YoY, marking a consistent decline in each of the previous five quarters. In terms of asset quality, the gross non-performing assets (GNPA) came in at 4.8% and net non-performing assets (NNPA) at 1.8%, down 17 basis points and 19 basis points, respectively, from the previous quarter.

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For the full year, the net profit stood at ₹194 crore, up 13% YoY, despite absorbing the cost impact of the new labour rules. Annual disbursements rose by 20%, while the company added 2,06,833 new borrowers during the year. Credit cost for the year came in at 4.76%, while PAR for Bucket 1 stood at 6.9%. The company reported an ROA of 2.8% and an ROE of 9.3% for the year.

Founded in 2014, Aye Finance is an RBI-registered NBFC-ML focused on enabling credit access for underserved MSMEs across India. The company made its stock market debut in mid-February, listing at the same price as the IPO price, ₹129 apiece. Since then, the stock has found support and managed to recover sharply, resulting in a 22.5% gain so far this month and a 50% rally above its IPO price.