AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of Schedule of Investor/Analysts Meet under SEBI (LODR), Regulations 2015 to be held on May 09, 2024.06-05-2024
06-05-2024
AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Change in Management
Disclosure under regulation 30 of SEBI (LODR) Regulations, 2015- Change in Senior Management Personnel06-05-2024
AAVAS Financiers Ltd - 541988 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the Financial Year ended March 31, 2024.01-05-2024
AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the Earnings Conference Call for the Quarter and Financial Year ended March 31, 2024.30-04-2024
AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find the enclosed herewith the copies of Newspaper clippings of Audited Standalone and Consolidated Financial Results of the Company for the quarter and Financial Year ended March 31, 2024 published in Financial express, Business Standard (English) Business Remedies and Nafa Nuksaan (Regional Language) on April 26, 2024.26-04-2024
Aavas Financiers Q4 Results Review - Disbursement Up 39% QoQ: ICICI Securities
Revamped business architecture to ensure sustained growth momentum26-04-2024
AAVAS Financiers Ltd - 541988 - Audio Recording Of Earnings Conference Call For The Quarter And Financial Year Ended March 31, 2024
Audio recording of earnings conference call for the Quarter and financial year ended March 31, 2024.25-04-2024
Q4FY24 Quarterly & FY24 Annual Result Announced for Aavas Financiers Ltd.
Housing Finance company Aavas Financiers announced Q4FY24 & FY24 results: Financial Highlights: Assets under Management (AUM) of the company grew by 22.2% YoY at ~Rs 173 billion. Disbursement in Q4FY24 grew strongly to report the highest-ever quarterly disbursements with growth of 39% QoQ and 20% YoY to Rs 18.93 billion. Net Profit grew by 15% YoY to Rs 4.91 billion for FY24 led by 17% YoY growth in Net Total Income. In Q4FY24, our Net Profit grew by 22% QoQ. Spread and NIM during the quarter stood at 5.06% and 7.91% respectively. Gross Stage 3 is at 0.94% comprising 0.82% of >90 DPD assets & 0.12% of up to 90 DPD assets (categorized as GNPA/Gross Stage 3 on account of RBI notification) and Net Stage 3 is 0.67% In terms of Borrowings mix, 91.0% of our borrowings are from Term Loans, Assignment, and NHB Refinancing, 9.0% of our borrowings are from debt capital market (of which 76.6% is from development finance institutions like IFC, CDC & ADB), with no borrowings through CPs. Net Worth grew by 15% YoY to Rs. 37,733 million as of 31st Mar 2024. The total number of branches stands at 367 as of 31st Mar 2024. Commenting on the performance Sachinder Bhinder, Managing Director & Chief Executive Officer, said: “Dear All, India is about to embark on a ten-year economic trajectory. Given its low mortgage penetration and severe urban housing shortage across income levels and geographic areas, the housing industry is poised to be a bellwether among all other industry sectors. We strongly believe that we can continue our momentum in serving the unserved, underserved, and underbanked customers in Tier 2 to Tier 5 markets, with relentless focus on risk-adjusted returns. FY24 has been the year of transformation and transition where we have undergone the technology transformation coupled with management transition despite of this the company has delivered on its stated guidance of AUM growth as well as on profitability. In Q4FY24, we delivered the highestever quarterly disbursement with growth of 39% QoQ & 20% YoY. Green Shoots in technology transformation are already visible with TAT improvement and in turn resulting in better customer service. We are confident that this tech transformation would benefit us improving productivity and efficiency across organization. Aavas now does business across 367 branches in 13 States. We have added 21 new branches in FY24. We continue to deepen our footprint in the states where we are already present in a contiguous manner. Our prudent management of cash and strong liability profile enabled us to contain the cost of borrowing and maintain our spreads in line with guidance of around 5%. The company is well capitalized with CRAR of 44% as of Mar-2024 and sufficient balance sheet liquidity of Rs 30.3 billion. The Company’s focused granular underwriting risk practices & collections efforts backed by technology, led to an improvement in 1+ days past due from 3.30% in Mar-2023 to 3.12% in Mar-2024. Portfolio health remains strong with Gross Stage 3 at 0.94% in Mar-2024. We continue to maintain razor-sharp focus on Governance, Asset Quality, Profitability, and Growth leveraging technology, and creating superior customer experience. We remain optimistic about the future and are confident that our strategic initiatives will continue to drive sustainable growth and shareholder value.” Result PDF25-04-2024
AAVAS Financiers Ltd - 541988 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Investor Release on the Financial and Operational Performance of the Company for the Quarter and Financial Year ended March 31, 202425-04-2024