Stock Report

Aavas Financiers Ltd Q3FY24 consolidated net profit slips QoQ at Rs. 116.72 crores

Posted On : 2024-02-01 22:18:25( TIMEZONE : IST )

Aavas Financiers Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 509.2559 crores during the period ended December 31, 2023 as compared to Rs. 497.6193 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 116.7232 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 121.6618 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 14.73 for the period ended December 31, 2023 as compared to Rs. 15.37 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 509.2559 crs	₹497.6193 crs	2.34%
Net Profit	₹116.7232 crs	₹121.6618 crs	-4.06%
EPS	₹14.73	₹15.37	-4.16%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 509.2559 crores during the period ended December 31, 2023 as compared to Rs.412.0714 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.116.7232 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.107.1229 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.14.73 for the period ended December 31, 2023 as compared to Rs.13.52 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 509.2559 crs	₹412.0714 crs	23.58%
Net Profit	₹116.7232 crs	₹107.1229 crs	8.96%
EPS	₹14.73	₹13.52	8.95%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1473.8913 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1160.2084 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.348.2133 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.302.8156 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.43.95 for the 9 Months period ended December 31, 2023 as compared to Rs.38.24 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹1473.8913 crs	₹1160.2084 crs	27.04%
Net Profit	₹348.2133 crs	₹302.8156 crs	14.99%
EPS	₹43.95	₹38.24	14.93%

Shares of Aavas Financiers Limited was last trading in BSE at Rs. 1476.95 as compared to the previous close of Rs. 1494.35. The total number of shares traded during the day was 16887 in over 2890 trades.

The stock hit an intraday high of Rs. 1497.45 and intraday low of 1468.00. The net turnover during the day was Rs. 25031697.00.