3 stories mentioning BOM:544699Updated 89d ago
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India Ratings and Research upgraded Aye Finance's (NSE:AYE, BOM:544699) long-term debtinstruments' rating to IND A+ from IND A.The rating on commercial papers has been upgraded as well to IND A1+ from IND A1, according to a Wednesday filing.The rating outlook is stable.Shares of the company rose over 1% in recent trade.
Aye Finance's (NSE:AYE, BOM:544699) consolidated profit rose sharply to 859.1 million Indian rupees in the fiscal fourth quarter ended March 31, from 407.0 million rupees a year ago.The financial services company's earnings per share came in at 3.85 rupees from 2.09 rupees a year ago, according to a Monday filing to the Indian bourses.Revenue from operations in fiscal Q4 also increased to 5.28 billion rupees from 4.09 billion rupees a year ago.The company's shares were up over 4% in recent trade.
