Edtech NBFC Avanse’s Q1 FY27 Profit Jumps 31% YoY To ₹154.3 Cr
Education-focused NBFC Avanse Financial Services has reported a 31% YoY uptick in its net profit for the first quarter of…
Education-focused NBFC Avanse Financial Services reported a 31% year-over-year increase in its net profit to ₹154.3 crore for Q1 FY27, up from ₹118 crore in the previous year. Sequentially, its net profit decreased by 8% from ₹168.1 crore in Q1 FY26. The lender's operating revenue grew by 18% to ₹760 crore from ₹641.6 crore in Q1 FY26, but remained flat quarter-over-quarter, falling by ₹6 crore.
Avanse's revenue is primarily driven by interest income from loans disbursed, which stood at ₹683.5 crore in Q1 FY27, up 18% YoY. The company reported assets under management worth ₹23,411 crore at the end of FY26, a 1.23X increase from the previous year. Avanse lends to students for study abroad or domestic education purposes and provides capital to education institutions for infrastructure development.
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