Aye Finance's net profit grows 2.8X to Rs 161 Cr in FY24

• Aye Finance, a non-banking finance company, reported a net profit of Rs 161 crore in FY2023-24, a growth of 2.8X compared to the previous fiscal year.

• The company's revenue grew by 67% to Rs 1,072 crore, and its assets under management (AUM) increased to Rs 4,400 crore.

• Aye Finance focuses on lending to micro-enterprises and has maintained a net NPA (non-performing assets) under 1%.

• The company aims to empower micro MSES, foster financial inclusion, and contribute to the overall economic development of the country.