Housing Finance company Aavas Financiers announced FY23 results:
- AUM of Rs 1,41,667 million; growth of 24.8% YoY (26.1% growth without the impact of subsidy)
- Disbursements of Rs 50,245 million; growth of 39.5%
- PAT at Rs 4,283 million; growth of 19.8% YoY
- Gross Stage 3 at 0.92% (includes 0.11% of upto 90 DPD assets)
- ROA at 3.51%; decreased by 7 bps YoY
- ROE at 14.09%; increased by 37 bps YoY
- Sufficient Liquidity of Rs 32,747 million
- Positive ALM & Strong Capital Base
- The total number of branches stands at 346 as of 31st March 2023