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

5 May 2022 , 07:07 PM

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%