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Informist, Thursday, Apr. 24, 2025

 

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--Aavas Financiers Jan-Mar net profit INR 1.54 bln 
--Analysts saw Aavas Financiers Jan-Mar net profit INR 1.54 bln 
--Aavas Financiers Jan-Mar net profit INR 1.54 bln vs INR 1.43 bln year ago 
--Aavas Financiers Jan-Mar revenue INR 6.36 bln vs INR 5.46 bln year ago 
--Aavas Financiers FY25 net profit INR 5.74 bln vs INR 4.91 bln year ago 
--Aavas Financiers FY25 revenue INR 23.55 bln vs INR 20.17 bln year ago 

 

By Vaishali Tyagi and Shubham Rana

 

MUMBAI – Rise in operating expenditure weighed on Aavas Financiers Ltd.'s net profit for the March quarter. However, an increase in total income from operations supported the bottom line. The company's net profit for the March quarter was INR 1.54 billion, up nearly 8% year-on-year and completely matching analysts' expectations. For 2024-25 (Apr-Mar), the company's net profit was INR 5.74 billion, up 17% from the previous year.

 

Total expenditure, including finance cost, in Jan-Mar was INR 4.44 billion, significantly higher than INR 3.70 billion reported a year ago. Finance costs were at INR 2.65 billion, up over 19% on year. Total revenue from operations rose nearly 17% on year to INR 6.36 billion. For FY25, the company's total income was up over 16% on year at INR 23.58 billion.

 

Aavas Financiers had reported a 25.5% year-on-year jump in its net profit for Oct-Dec to INR 1.46 billion. The company's finance costs jumped over 19% on year to INR 2.65 billion during Jan-Mar, while employee benefit expenses were up nearly 17% at INR 1.12 billion.

 

Assets under management of the company grew 18% on year to INR 204.2 billion in FY25. Disbursements rose 10% on year to INR 61.23 billion in FY25, while the active loan accounts increased to 246,895, up 13% on year. Disbursements during Jan-Mar rose 27% on quarter to INR 20.2 billion.

 

The company's net interest margin rose 14% on year to INR 3.24 billion in Jan-Mar. Net interest margin as a percentage of total assets during Jan-Mar was 8.11% and 7.64% during FY25.

 

"Our asset quality continues to be pristine, within the guided range with 1 day past due well below 5% at 3.39% in Q4 FY25 (Jan-Mar) and Gross Stage 3 & Net Stage 3 under 1.25% stood at 1.08% and 0.73% respectively," the company said in a press release.  

 

Credit cost during Jan-Mar was 17 basis points and 15 bps for FY25. In terms of the borrowing mix, 51% of the company's borrowings were from term loans, 25% from assignments, 14% from National Housing Bank refinancing, and 10% from debt capital market.

 

Shares of the company Thursday ended 1.1% lower at INR 2,096.20 on the National Stock Exchange. Aavas released its financial results after market hours.  End

 

Edited by Deepshikha Bhardwaj

 

 

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