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Stock Report
AAVAS Financiers Ltd Q4 consolidated PAT drops QoQ to Rs. 59.72 crore
Posted On : 2020-05-14 20:14:55( TIMEZONE : IST )
AAVAS Financiers Ltd has reported financial results for the period ended March 31, 2020.
Financial Results (Q4 FY19-20) - QoQ Comparison
The company has reported total income of Rs.235.07 crores during the period ended March 31, 2020 as compared to Rs.239.39 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.59.72 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.67.92 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.7.55 for the period ended March 31, 2020 as compared to Rs.8.59 for the period ended December 31, 2019.
| Financials | Q4 FY19-20 | Q3 FY19-20 | % Change |
| Total Income | ₹ 235.07 crs | ₹ 239.39 crs |  -1.8% |
| Net Profit | ₹ 59.72 crs | ₹ 67.92 crs | -12.07% |
| EPS | ₹ 7.55 | ₹ 8.59 | -12.11% |
Financial Results (Q4 FY19-20) - YoY Comparison
The company has reported total income of Rs.235.07 crores during the period ended March 31, 2020 as compared to Rs.205.24 crores during the period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.59.72 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.54.33 crores for the period ended March 31, 2019.
The company has reported EPS of Rs.7.55 for the period ended March 31, 2020 as compared to Rs.6.89 for the period ended March 31, 2019.
| Financials | Q4 FY19-20 | Q4 FY18-19 | % Change |
| Total Income | ₹ 235.07 crs | ₹ 205.24 crs |  14.53% |
| Net Profit | ₹ 59.72 crs | ₹ 54.33 crs | 9.92% |
| EPS | ₹ 7.55 | ₹ 6.89 | 9.58% |
Financial Results (12 months ended FY 19-20) - YoY Comparison
The company has reported total income of Rs.903.34 crores during the 12 months period ended March 31, 2020 as compared to Rs.711.17 crores during the 12 months period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.249.04 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.176.03 crores for the 12 months period ended March 31, 2019.
The company has reported EPS of Rs.31.48 for the 12 months period ended March 31, 2020 as compared to Rs.23.10 for the 12 months period ended March 31, 2019.
| Financials | Year Ended FY19-20 | Year Ended FY18-19 | % Change |
| Total Income | ₹ 903.34 crs | ₹ 711.17 crs | 27.02% |
| Net Profit | ₹ 249.04 crs | ₹ 176.03 crs | 41.48% |
| EPS | ₹ 31.48 | ₹23.10 | 36.28% |
Commenting on the performance Mr. Sushil Kumar Agarwal, CEO said: "The whole world is going through unprecedented times due to Covid-19 pandemic outbreak which has impacted almost every aspect of human life. For any lending institute, it becomes very important to lend prudently in such times & also maintain sufficient liquidity on the balance sheet.
At Aavas, we have always believed in doing a consistent & sustainable growth while giving utmost importance to maintaining a pristine asset quality. I am happy to share that our asset quality continues to remain strong with GNPA of 0.46% as on 31st March 2020 while still delivering AUM growth of 31% Y-o-Y. At the same time, we have continued to borrow judiciously & raised Rs. 11,794 Mn at 8.12% for a tenor of 120 months during Q4FY20. This included Rs. 4,444 Mn invested by Asian Development Bank through NCDs thereby adding another prestigious development finance institute to the list of our lenders. As on 31st March 2020, we have sufficient liquidity of Rs. 25,320 Mn in the form of cash & cash equivalents and un-availed documented sanctions.
We have built up a strong network of 250 branches to deliver best service to our customers & reduce the turnaround time. Even after announcement of nationwide lockdown in March, our BCP centers were live ensuring continuous services to our customers. We also reached out to all our existing customers to educate them about our moratorium policy & if they want to avail the moratorium.
We continue to reaffirm our commitment to deliver sustainable long-term business and earnings growth by leveraging our key enablers - Technology & Data Analytics, in-house execution model, a professional management team and a strong customer connect."
Shares of AAVAS Financiers Ltd was last trading in BSE at Rs.977 as compared to the previous close of Rs. 983.1. The total number of shares traded during the day was 1327 in over 196 trades.
The stock hit an intraday high of Rs. 1031 and intraday low of 970. The net turnover during the day was Rs. 1320400.
