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Results - Analysis
AUM rises 18%
AAVAS Financiers
25-Apr-2025, 08:05
The income from operation of AAVAS Financiers increased 17% to Rs 636.21 crore in Q4FY2025. Overall OPM has declined to 74.52% in Q4FY2025 from 75.40% in Q4FY2024, allowing 15% rise in operating profit to Rs 474.12 crore. Other expenditure jumped 30% to Rs 50.14 crore and employee expenses moved up 17% to Rs 111.95 crore in Q4FY2025. Other income increased 63% to Rs 1.28 crore. Interest cost increased 19% to Rs 264.74 crore. Depreciation moved up 8% to Rs 9.79 crore. Provisions jumped 77% to Rs 7.64 crore. PBT moved up 9% to Rs 193.22 crore. The effective tax rate increased to 20.5% in Q4FY2025 compared to 19.7% in Q4FY2024. Provision for tax was expense of Rs 39.54 crore, compared to Rs 34.88 crore. Profit after tax increase 8% to Rs 153.68 crore.
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The income from operation of AAVAS Financiers increased 17% to Rs 636.21 crore in Q4FY2025. Overall OPM has declined to 74.52% in Q4FY2025 from 75.40% in Q4FY2024, allowing 15% rise in operating profit to Rs 474.12 crore. Other expenditure jumped 30% to Rs 50.14 crore and employee expenses moved up 17% to Rs 111.95 crore in Q4FY2025. Other income increased 63% to Rs 1.28 crore. Interest cost increased 19% to Rs 264.74 crore. Depreciation moved up 8% to Rs 9.79 crore. Provisions jumped 77% to Rs 7.64 crore. PBT moved up 9% to Rs 193.22 crore. The effective tax rate increased to 20.5% in Q4FY2025 compared to 19.7% in Q4FY2024. Provision for tax was expense of Rs 39.54 crore, compared to Rs 34.88 crore. Profit after tax increase 8% to Rs 153.68 crore.
Book value of the company was at Rs 550.9 and adjusted book value was Rs 532.1 (net of NNPA) end March 2025.
Business highlights
AUM increased 18% to Rs 20420 crore end March 2025 over March 2024, of which Home Loans contributed 68% and other mortgage loans contributed 32%. The disbursements have increased 7% to Rs 2024 crore in Q4FY2025. Spread and NIM during the quarter stood at 4.89% and 7.64% respectively. The total number of branches stands at 397 end March 2025. Gross Stage 3 is at 1.08% and Net Stage 3 is 0.73% end March 2025. Net Worth grew by 16% YoY to Rs 4361 crore end March 2025.Financial performance: FY2025
The income from operation of AAVAS Financiers increased 17% to Rs 2354.51 crore in FY2025. Overall OPM has increased to 76.44% in FY2025 from 74.70% in FY2024, leading to 19% rise in operating profit to Rs 1799.72 crore. Other income increased 40% to Rs 3.91 crore. Interest cost increased 22% to Rs 1007.47 crore. Depreciation moved up 12% to Rs 36.45 crore. Provisions rose 11% to Rs 27.12 crore. PBT moved up 17% to Rs 732.59 crore. The effective tax rate rose to 21.6% in FY2025 compared to 21.4% in FY2024. Provision for tax was expense of Rs 158.48 crore, compared to Rs 133.76 crore. Profit after tax moved up 17% to Rs 574.11 crore in FY2025.| Aavas Financiers: Standalone Results | ||||||
| Particulars | 2503 (3) | 2403 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Income from Operations | 636.21 | 546.02 | 17 | 2354.51 | 2017.50 | 17 |
| OPM (%) | 74.52 | 75.40 | ' | 76.44 | 74.70 | ' |
| OP | 474.12 | 411.70 | 15 | 1799.72 | 1507.14 | 19 |
| Other Income | 1.28 | 0.78 | 63 | 3.91 | 2.80 | 40 |
| PBDIT | 475.39 | 412.48 | 15 | 1803.63 | 1509.94 | 19 |
| Interest (Net) | 264.74 | 221.56 | 19 | 1007.47 | 828.36 | 22 |
| PBDT | 210.65 | 190.92 | 10 | 796.16 | 681.58 | 17 |
| Provisions | 7.64 | 4.32 | 77 | 27.12 | 24.47 | 11 |
| Depreciation / Amortization | 9.79 | 9.10 | 8 | 36.45 | 32.66 | 12 |
| PBT before EO | 193.22 | 177.50 | 9 | 732.59 | 624.45 | 17 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 193.22 | 177.50 | 9 | 732.59 | 624.45 | 17 |
| Tax Expenses | 39.54 | 34.88 | 13 | 158.48 | 133.76 | 18 |
| PAT | 153.68 | 142.62 | 8 | 574.11 | 490.69 | 17 |
| EPS * | 77.7 | 72.1 | ' | 72.5 | 62.0 | ' |
| Adj BV (Rs) | 532.1 | 462.1 | ' | 532.1 | 462.1 | ' |
| * Annualized on current equity of Rs 79.15 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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