Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Aavas Financiers Ltd updates on financial position on outbreak of Corona Virus

Posted On: 2020-03-25 09:43:51

In the wake of COVID-19 pandemic outbreak & subsequent lockdown for 21 days announced by the Hon'ble Prime Minister on March 24, 2020, all of Aavas Financiers Ltd's branches & Corporate Office would remain closed in compliance with the Government of India's order. Employees supporting the critical business operations & essential customer service will continue to work from home as per the Company policy that has been put in place under the Business Continuity Plan. The company has announced that:

- 100% of our loan portfolio is secured against mortgage
- Portfolio is very granular in terms of customer profiles with average ticket size of sub Rs. 1 Mn
- Average LTV on the outstanding loan portfolio is less than 50%
- More than 95% of the EMI payments happen through electronic mode & banking channels
- As of March 24, 2020, strong liquidity position (without considering principal repayments):

* Cash & cash equivalents of Rs. 10,920 Mn
* Un-availed documented sanctions of Rs. 14,750 Mn

- The total debt repayment (including interest of Rs. 1,820 Mn) over H1 FY21 of Rs. 4,310 Mn

The Company is aware & fully responsible of its role in ensuring the well-being of its customers, employees & the society. In this hour of need, the Company stands united behind the nation & will continue to abide by any further directives from the Central & State governments.

Shares of AAVAS Financiers Ltd was last trading in BSE at Rs.939.7 as compared to the previous close of Rs. 1044.1. The total number of shares traded during the day was 7424 in over 150 trades.

The stock hit an intraday high of Rs. 960 and intraday low of 939.7. The net turnover during the day was Rs. 6984157.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Seniority and RPG Life Sciences Launch SafeSeniors - India's First COVID-19 Risk Monitoring Tool for Senior Citizens

Paisalo Digital Ltd to consider various options for raising funds

Manali Petrochemical Ltd recommences production of Propylene Oxide

NLC India Ltd resumes mining operations at Neyveli

Music Broadcast Limited Ranks 4th, One of the 2020 Best Workplaces in Asia by Great Place to Work®

India Infrastructure Trust declares total distribution of Rs. 4.4357

Federal Bank Launches Various Covid-19 Relief Activities

Adani Gas reduces prices of CNG and Domestic PNG with effect from 09th April 2020

Astron Paper & Board Mill Ltd commences production in Unit-2 at Bhuj, Gujarat

West Coast Paper Mills Ltd restarts partial operations

STL grows its patent portfolio by 34% and increases global patent portfolio to 358 patents

DCM Shriram Limited updates on restart of production at Bharuch plant

CRISIL assigns ratings to Thermax Ltd

Snowman Logistics Ltd's warehouses are fully operational

L&T Hydrocarbon Engineering bags large contract from Indian Oil Corporation for 9 MMTPA Atmospheric & Vacuum Distillation Unit

SeQuent Scientific provides Covid-19 and Business Update

WABAG secures 5 Year Operation & Maintenance contract in Al Madina Al Shamaliya Sewage Treatment Plant in Kingdom of Bahrain

Zee Learn Ltd board approves appointment of CFO

Tata Steel Ltd board to consider issue of NCDs on Apr 13, 2020

ICRA revises credit ratings of VA Tech Wabag Ltd

Orient Paper & Industries Ltd restarts partial operations of plant

JM Financial Group commits Rs.30 crore towards COVID-19 relief measures

Brickwork assigns credit ratings to Ajanta Soya Limited

Chemfab Alkalis Ltd appoints Mr. S Prasath as CFO

Gujarat Alkalies and Chemicals Ltd announces partial operation of manufacturing facilities at Dahej and Vadodara Complexes

HUDCO updates on ratings by CARE, ICRA and Ind-Ra

Ind-Ra affirms long-term issue rating of Sudarshan Chemical Industries Limited

TamilNadu Petroproducts Ltd restarts plants

Wipro Ltd board to consider Q4, FY2019-20 results on April 15, 2020

Axis Bank mandated to collect funds for PM CARES Fund

IndiGo operates relief flights at own cost in the service of the nation

Adani Green Energy Limited (AGEL) consummates 2.148 GW joint venture with TOTAL, Receives INR 3,707 Cr

Timex Group in India receives SA 8000 certification, one of the world's first auditable social certification standards

Dabur Group earmarks Rs 21 Crores towards Support and Relief Activities

Granules India's Visakhapatnam facility received EU GMP approval

Cosmo Films Ltd resumes partial operations of plants at Maharashtra

Man Industries (India) Ltd's promoters purchase shares

HGS Offers Nurse Triage Services for Healthcare Companies to Support COVID-19 Patients During the Crisis

Royal Orchid & Regenta Hotels take up CSR Initiatives pan India to Alleviate Community Distress Amidst Covid-19 Pandemic

Zydus receives final approval from USFDA for Perphenazine Tablets USP

Knock Down the Lockdown with TCS iON Career Edge

Tata Power Solar receives the Letter of Award for CPSU-II from NTPC for 300 MW project

L&T Construction bags contract from Indian Army for its Smart World & Communication Business

JSW Steel Ltd - Crude Steel Production at 16.06 Million Tons for FY 2019-20

Tilaknagar Industries Ltd completes payment to Bank of India

Spandana Sphoorty Financial Ltd updates on key metrics for Q4 FY2019-20

IndusInd Bank announces QoQ drop in deposits

Polyplex Corporation Ltd board to consider buy back on April 9, 2020

Cyient Limited reappoints Mr. B V R Mohan Reddy as Executive Chairman

AU Small Finance Bank Limited updates on Q4 FY2019-20 performance

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019