The income from operation of AAVAS Financiers increased 17.47% to Rs 596.74 crore in Q3FY2025. Overall OPM has increased to 77.29% in Q3FY2025 from 75.14% in Q3FY2024, leading to 21% rise in operating profit to Rs 461.21 crore. Other expenditure rose 4% to Rs 44.88 crore and employee expenses moved up 9% to Rs 90.64 crore in Q3FY2025. Other income declined 1% to Rs 1.18 crore. Interest cost increased 19% to Rs 258.71 crore. Depreciation moved up 7% to Rs 9.22 crore. Provisions declined 24% to Rs 6.07 crore. PBT moved up 26% to Rs 188.39 crore. The effective tax rate increased to 22.28% in Q3FY2025 compared to 22.10% in Q3FY2024. Provision for tax was expense of Rs 41.97 crore, compared to Rs 33.09 crore. Profit after tax rose 26% to Rs 146.42 crore.
Book value of the company was at Rs 530.3 and adjusted book value was Rs 510.6 (net of NNPA) end December 2024.
Business highlights
AUM increased 20% to Rs 19238 crore end December 2024 over December 2023, of which Home Loans contributed 69% and other mortgage loans contributed 31%. The disbursements have increased 17% to Rs 1594.6 crore in Q3FY2025. Spread and NIM during the quarter stood at 4.94% and 7.54% respectively. The total number of branches stands at 373 end December 2024. Gross Stage 3 is at 1.14% and Net Stage 3 is 0.81% end December 2024. Net Worth grew by 16% YoY to Rs 4197 crore end December 2024.Financial performance: 9MFY2025
The income from operation of AAVAS Financiers increased 17% to Rs 1718.29 crore in 9MFY2025. Overall OPM has increased to 77.15% in 9MFY2025 from 74.45% in 9MFY2024, leading to 21% rise in operating profit to Rs 1325.61 crore. Other income increased 30% to Rs 2.63 crore. Interest cost increased 22% to Rs 742.73 crore. Depreciation moved up 13% to Rs 26.66 crore. Provisions declined 3% to Rs 19.48 crore. PBT moved up 21% to Rs 539.37 crore. The effective tax rate declined to 22.05% in 9MFY2025 compared to 22.12% in 9MFY2024. Provision for tax was expense of Rs 118.94 crore, compared to Rs 98.88 crore. Profit after tax moved up 21% to Rs 420.43 crore in 9MFY2025.| Aavas Financiers: Standalone Results | |||||||||
| Particulars | 2412 (3) | 2312 (3) | Var % | 2412 (9) | 2312 (9) | Var % | 2403 (12) | 2303 (12) | Var % |
| Income from Operations | 596.74 | 508.01 | 17 | 1718.29 | 1471.48 | 17 | 2017.50 | 1608.30 | 25 |
| OPM (%) | 77.29 | 75.14 | ' | 77.15 | 74.45 | ' | 74.70 | 73.33 | ' |
| OP | 461.21 | 381.74 | 21 | 1325.61 | 1095.46 | 21 | 1507.14 | 1179.34 | 28 |
| Other Income | 1.18 | 1.19 | -1 | 2.63 | 2.02 | 30 | 2.80 | 1.84 | 52 |
| PBDIT | 462.39 | 382.93 | 21 | 1328.24 | 1097.48 | 21 | 1509.94 | 1181.18 | 28 |
| Interest (Net) | 258.71 | 216.57 | 19 | 742.73 | 606.80 | 22 | 828.36 | 591.05 | 40 |
| PBDT | 203.68 | 166.36 | 22 | 585.51 | 490.68 | 19 | 681.58 | 590.13 | 15 |
| Provisions | 6.07 | 7.97 | -24 | 19.48 | 20.16 | -3 | 24.47 | 12.42 | 97 |
| Depreciation / Amortization | 9.22 | 8.65 | 7 | 26.66 | 23.56 | 13 | 32.66 | 28.72 | 14 |
| PBT before EO | 188.39 | 149.74 | 26 | 539.37 | 446.96 | 21 | 624.45 | 548.99 | 14 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 188.39 | 149.74 | 26 | 539.37 | 446.96 | 21 | 624.45 | 548.99 | 14 |
| Tax Expenses | 41.97 | 33.09 | 27 | 118.94 | 98.88 | 20 | 133.76 | 118.92 | 12 |
| PAT | 146.42 | 116.65 | 26 | 420.43 | 348.08 | 21 | 490.69 | 430.07 | 14 |
| EPS * | 74.0 | 59.0 | ' | 70.8 | 58.6 | ' | 62.0 | 54.3 | ' |
| Adj BV (Rs) | 510.6 | 442.8 | ' | 510.6 | 442.8 | ' | 464.9 | 403.7 | ' |
| * Annualized on current equity of Rs 79.14 crore. Face Value: Rs 10, Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit | |||||||||
| Source: Capitaline Corporate Database | |||||||||
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