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AAVAS Financiers Ltd Q2FY21 consolidated net profit climbs to Rs. 66.04 crore on QoQ basis



Posted On : 2020-10-29 15:43:06( TIMEZONE : IST )

AAVAS Financiers Ltd Q2FY21 consolidated net profit climbs to Rs. 66.04 crore on QoQ basis

AAVAS Financiers Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.270.45 crores during the period ended September 30, 2020 as compared to Rs.233.65 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.66.04 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.49.96 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.8.36 for the period ended September 30, 2020 as compared to Rs.6.32 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 270.45 crs₹ 233.65 crsUp Tick 15.75%
Net Profit₹ 66.04 crs₹ 49.96 crsUp Tick 32.19%
EPS₹ 8.36₹ 6.32Up Tick 32.28%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.270.45 crores during the period ended September 30, 2020 as compared to Rs.231.28 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.66.04 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.76.03 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.8.36 for the period ended September 30, 2020 as compared to Rs.9.62 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 270.45 crs₹ 231.28 crsUp Tick 16.94%
Net Profit₹ 66.04 crs₹ 76.03 crsDown Tick -13.14%
EPS₹ 8.36₹ 9.62Down Tick -13.1%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.504.11 crores during the 6 months period ended September 30, 2020 as compared to Rs.428.87 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.116 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.121.39 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.14.68 for the 6 months period ended September 30, 2020 as compared to Rs.15.36 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 504.11 crs₹ 428.87 crsUp Tick 17.54%
Net Profit₹ 116 crs₹ 121.39 crsDown Tick -4.44%
EPS₹ 14.68₹15.36Down Tick -4.43%

Shares of AAVAS Financiers Ltd was last trading in BSE at Rs.1461 as compared to the previous close of Rs. 1488.45. The total number of shares traded during the day was 229 in over 90 trades.

The stock hit an intraday high of Rs. 1480 and intraday low of 1461. The net turnover during the day was Rs. 335745.

Source : Equity Bulls

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