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Aavas Financiers Q4 PAT up 32% at Rs115.47 crore on the back of spike in net interest spreads

Aavas Financiers Ltd reported 26.13% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs365.09 crore

May 05, 2022 7:07 IST | India Infoline News Service
Aavas Financiers Ltd reported 26.13% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs365.09cr. On a sequential basis, revenues were higher for the quarter by 6.57%.

For the full year FY22, the revenues were higher by 18.33% at Rs1,305cr. The interest income was up nearly 20% and that contributed to the rise in the top line.

This was on back of better yields and lower incidence of non-performing assets in the quarter.

The consolidated net profit for Q4 was up 32 at Rs115.47cr while it was up on a sequential basis by 30.09%.

The spike interest costs was marginal against a 20% rise in interest income resulting in a sharp improvement in the net interest margins. Improvement in solvency also showed in collections and NPA lower levels.

Net margins stood at 31.63% in Mar-22 quarter compared to 30.21% in Mar-21. NPM was higher sequentially compared to 25.91% in Q3.


Financial highlights for Mar-22 compared yoy and sequentially


Aavas Financiers
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 365.09 ₹ 289.45 26.13% ₹ 342.58 6.57%
Net Profit (Rs cr) ₹ 115.47 ₹ 87.45 32% ₹ 88.76 30.09%
Diluted EPS (Rs) ₹ 14.57 ₹ 11.06 ₹ 11.19
Net Margins 31.63% 30.21% 25.91%

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