India, Aug. 27 -- IPO-bound NBFC Aye Finance's net profit declined about 50% to INR 30.6 Cr in Q1 FY26 from INR 60.9 Cr in the year-ago quarter as its impairment loss rose sharply. On a sequential basis, Aye Finance's profit fell 25% from INR 40.7 Cr.

The NBFC's top line grew 21% to INR 407 Cr during the quarter under review from INR 335.4 Cr in Q1 FY25. Operating revenue reduced slightly from INR 409.1 Cr in the previous quarter.

Interest income was the biggest contributor to operating revenue in Q1, growing 16% YoY to INR 360.8 Cr. Fees and commission, net gain on derecognition of financial instruments and net gain on fair value charges were the other contributors to the top line. The income from these sources stood at INR 46.2 Cr in ...