Mumbai, January 30, 2025
Aavas Financiers Limited has reported its unaudited financial results for the quarter and nine months ended December 31, 2024. The company posted a net profit of ₹14,642.29 lakh for Q3 FY25, marking a year-on-year (YoY) growth from ₹11,664.60 lakh in Q3 FY24.
Key Financial Highlights (INR in lakh)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 59,674.17 | 57,916.22 | 50,800.56 | 1,71,829.22 | 1,47,147.83 |
| Total Income | 59,791.73 | 58,045.46 | 50,919.64 | 1,72,092.70 | 1,47,349.43 |
| Finance Costs | 25,870.54 | 24,885.19 | 21,656.52 | 74,273.09 | 60,679.77 |
| Profit Before Tax (PBT) | 18,839.64 | 19,002.08 | 14,973.76 | 53,936.53 | 44,695.56 |
| Net Profit (PAT) | 14,642.29 | 14,790.50 | 11,664.60 | 42,042.90 | 34,807.88 |
| Earnings Per Share (Basic - INR) | 18.50 | 18.69 | 14.74 | 53.12 | 44.00 |
Operational Performance & Business Updates
- Revenue Growth: Interest income increased to ₹51,205.52 lakh in Q3 FY25 from ₹43,734.32 lakh in Q3 FY24.
- Loan Assignments & Co-Lending:
- 4,851 loans were assigned in Q3 FY25, totaling ₹44,928 lakh.
- Co-lending assignments for the quarter stood at ₹2,250 lakh across 150 loan accounts.
- Asset Quality & Risk Management:
- Gross NPA: 1.14%
- Net NPA: 0.81%
- Provision Coverage Ratio: 57.23%
- Capital Adequacy Ratio (CRAR): 45.56%
Corporate Announcements
- Resignation & Appointment of Compliance Officer:
- Mr. Sharad Pathak resigned from the position of Company Secretary & Compliance Officer effective January 30, 2025. However, he will continue as Chief Compliance Officer.
- Mr. Saurabh Sharma (A60350) has been appointed as the new Company Secretary & Compliance Officer, effective January 31, 2025.
- Subsidiary Update:
- Aavas Finserv Limited, a wholly-owned subsidiary, has received dissolution orders from NCLT on January 28, 2025.
Debt & Liquidity Position
- Debt-to-Equity Ratio: 3.17
- Total Debts to Total Assets: 0.74
- Liquidity Coverage Ratio: 136.87%
- Security Cover: The company maintains 100% security cover on secured non-convertible debentures (NCDs).
Management Commentary
Sachinderpal Singh Jitendra Singh Bhinder, Managing Director & CEO, stated:"We continue to witness strong business momentum, driven by our focus on secured retail lending and asset quality. Our financial discipline and prudent risk management have ensured sustained profitability and stable asset quality."