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Aye Finance slips 2.8% as investors book profits after strong Q1
The stock fell 2.8% to ₹167.05 on 27 July despite Q1FY27 profit after tax rising 144% year over year to ₹74.5 crore.
Aye Finance shares declined 2.8% on 27 July, closing at ₹167.05 on the BSE as investors booked profits, even as broader sentiment remained positive. The fall came after the stock jumped more than 2% last week, snapping a two-week losing streak following strong June-quarter earnings. On a monthly basis, the shares were nearly 4% lower so far in July, putting an end to a three-month winning run.
For Q1FY27, Aye Finance reported profit after tax of ₹74.5 crore, up 144% year over year, though it was down 13.3% quarter over quarter from ₹85.91 crore in Q4FY26. Total revenue from operations rose 17.7% year over year but fell 7.3% quarter over quarter to ₹477.37 crore.
The company also reported a 28% year over year increase in assets under management to ₹7,324 crore, supported by a 38% rise in new customer onboarding. IIFL Capital maintained a buy call and raised its target price to ₹220, while JM Financial kept a buy rating with a revised target of ₹197, citing expectations for AUM and EPS growth and improving asset quality.