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AAVAS Financiers Ltd

Company details

1,950.75
1,998.00
1,697.65
3,154.85
6M Return -10.36%
1Y Return -32.99%
Mkt Cap.(Cr) 15,791.99
Volume 1,005
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,005

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Aavas Financiers Ltd.

Q2FY23 Quarterly Result Announced for Aavas Financiers Ltd.

Aavas Financiers announced Q2FY23 results:

  • AUM of Rs. 125,437 million; Growth of 24% YoY
  • PAT at Rs. 1963 million; Growth of 29% YoY
  • Gross Stage 3 at 1.10% (includes 0.17% of upto 90 DPD assets)
  • ROA at 3.42%; Increased by 17 bps YoY
  • Sufficient Liquidity of Rs. 28,370 million
  • Positive ALM & Strong Capital Base

Commenting on the performance Mr. Sushil Kumar Agarwal, CEO said:

“Dear All, Wishing you all a very happy Diwali and festivity & I hope everybody keep safety and health as priority.

At Aavas we believe in consistent growth with maintaining asset quality and I am happy to share that the Company has reported a robust growth of 64% in disbursements during H1 FY23 which stood at Rs. 22,403 Mn as compared to Rs. 13,641 Mn in the same period last year. This strong growth aided to an overall AUM growth of 24%, which stood at Rs. 125,437 Mn as on 30th September 2022.

Aavas intends to invest in Technology extensively which will help the Company to further reduce turnaround time, improve productivity, enhance customer experience, improve transparency in processes and support long term growth on sustainable basis. Our long term strategy of attaining digital transformation remain on track.

Over the years the Company has strengthened its branch network to 321 branches, adding 7 branches in H1 FY23. The Company’s enhanced collections efforts coupled with its technological prowess, led to an improvement in the company’s asset quality by 22 bps from 4.67% in Jun-22 to 4.45% in Sep-22. Additionally, the Company has categorized 0.17% of assets with DPD up to 90 as Gross Stage 3 following RBI’s notification dated 12th November 2021 to harmonize IRACP norms. As a result, the total Gross Stage 3 exposure as of Sep-22 stands at 1.10% as against 0.93% in the absence of any changes in IRACP norms by RBI.

We are happy to share that the company has received a rating upgrade from CARE Ratings. The Company’s rating has been upgraded to CARE AA (outlook stable) from CARE AA- (outlook positive) similar to the rating by ICRA, which endorses Company’s strong financial profile and exhibit ability of efficient capital management.

Lastly, during the quarter, the Company has raised Rs. 9,467 Mn at a blended rate of 7.55% which will not only augment growth capital requirements but also ensure adequate liquidity. As of 30th September, the Company has healthy balance sheet liquidity of Rs. 28,370 Mn which is in the form of cash & cash equivalents and un-availed sanctions."

 

Result PDF

View Other Company Results

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,806.03 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

Aavas Financiers Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 08, 2023 l NSE Announcement

Aavas Financiers Limited - Copy of Newspaper Publication

Feb 06, 2023 l NSE Announcement

Aavas Financiers Limited - Investor Presentation

Feb 03, 2023 l NSE Announcement

Date Action Type Ratio
No data found

INFORMATION

Stock PE (TTM)

37.51

Promoter Holding

39.15%

Book Value

383.2083

ROCE

9.49%

ROE

13.64%

Description

  • Aavas Finance is in the Financial Services sector, having a market capitalization of worth Rs 17,489 Crore. It incorporated its business on November 30, 2017. It has reported consolidated sales of Rs 309.98 crore at the end of December 2020. The Company is also listed in Bombay Stock Exchange (BSE) with the code 541988 and listed on National Stock Exchange (NSE) with the code as AAVAS. They carry on the business of lending/rent-purchase and providing on lease, sub-lease, or on hire, including but not limited to all types of vehicles. Automobiles, manufacturing plants and machinery, office equipment, movable and immovable properties, real estate, household and domestic appliances and equipment, furniture fixtures, and all types of machinery, among other things. The business is a low-cost housing finance company that mainly serves low- and middle-income self-employed customers in India's semi-urban and rural areas. The bulk of its clients are on a tight budget. The business is technology-driven, relying on information technology and data analytics for customer onboarding, underwriting, loan tracking, risk management, and collection functions. The Company invested Rs 150.45 million in information technology systems between fiscal years 2014 and 2018. Customers may get home loans from the Company for the purchase or construction of a home and the expansion and renovation of existing housing units. Customers may get other mortgage loans, such as loans against the land, in addition to home loans. More than 62500 customers have been served since the Company began operations in March 2012. Aavas Financiers has pursued a policy of continuous on-ground expansion across continents, and it currently operates through 166 branches in 95 districts across eight states, with a strong presence in the four states of Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh. The Company obtains funding from a variety of sources, including term loans and working capital facilities; proceeds from loans assigned and securitized; proceeds from the issuance of non-convertible debentures ('NCDs'); refinancing from the National Housing Bank ('NHB'); and subordinated debt borrowings from banks, mutual funds, insurance companies, and other domestic, international, and multilateral financial institutions. The Company is managed by a competent management team, and the Company's Key Managerial Personnel own 7.19 per cent of the Company's outstanding equity interest. The Company increased its branch network to 165 branches as of March 31, 2018, expecting to extend its operations to newer geographies in 2018-19.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 541988
NSE Code : AAVAS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE216P01012

ICICIdirect AAVAS Financiers Ltd FAQ

You can buy AAVAS Financiers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy AAVAS Financiers Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of AAVAS Financiers Ltd was ₹ 1,998.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of AAVAS Financiers Ltd stood at ₹ 15,791.99.
The latest PE ratio of AAVAS Financiers Ltd as of Feb 08, 2023 04:01 PM is 37.51
The latest PB ratio of AAVAS Financiers Ltd as of Feb 08, 2023 04:01 PM is 0.19
The 52-week high of AAVAS Financiers Ltd is ₹ 3,154.85 while the 52-week low is ₹ 1,697.65

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