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Aavas Financiers Ltd.

AAVASFinancial Services filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

31 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 31 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT201902152018-12-31yes
TRANSCRIPT201905162019-03-31yes
TRANSCRIPT201908092019-06-30yes
TRANSCRIPT201911022019-09-30yes
TRANSCRIPT202001282019-12-31yes
TRANSCRIPT202005222020-03-31yes
TRANSCRIPT202008192020-06-30yes
TRANSCRIPT202011052020-09-30yes
TRANSCRIPT202101282020-12-31yes
TRANSCRIPT202105052021-03-31yes
TRANSCRIPT202108052021-06-30yes
TRANSCRIPT202111022021-09-30yes
TRANSCRIPT202202092021-12-31yes
TRANSCRIPT202205112022-03-31yes
TRANSCRIPT202208012022-06-30yes
TRANSCRIPT202210312022-09-30yes
TRANSCRIPT202302092022-12-31yes
TRANSCRIPT202305102023-03-31yes
TRANSCRIPT202308102023-06-30yes
TRANSCRIPT202311022023-09-30yes
TRANSCRIPT202402082023-12-31yes
TRANSCRIPT202404302024-03-31yes
TRANSCRIPT202407302024-06-30yes
TRANSCRIPT202411132024-09-30yes
TRANSCRIPT202502042024-12-31yes
TRANSCRIPT202504302025-03-31yes
TRANSCRIPT202508192025-06-30yes
TRANSCRIPT202511172025-09-30yes
TRANSCRIPT202602122025-12-31yes
TRANSCRIPT202605122026-03-31yes
TRANSCRIPT202607272026-06-30yes

AAVAS

files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisionnbfc
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close1,256.40
52-week range1073.9 – 1736.4
Return 1M-4.33%
Return 3M-15.67%
Return 1Y-24.76%
Return 3Y-25.9%
Return 5Y-51.18%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2024-03-31

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations546.00
Other income1.00
Total income547.00
Cost of materials consumed0.00
Purchases of stock-in-trade0.00
Changes in inventories0.00
Employee benefit expense96.00
Finance costs222.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.490.00
institutions foreign0.16-0.00
institutions domestic0.220.00
mutual funds0.17-0.00
public0.510.00

Documents on file

ClassMost recentOn file
TRANSCRIPT2026-06-3031

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-31
Revenue from operations234.00270.00310.00289.00272.00325.00343.00365.00353.00395.00411.00450.00467.00497.00508.00546.00
Other income0.000.000.002.000.001.000.000.000.000.001.001.000.001.001.001.00
Total income234.00270.00310.00291.00272.00325.00343.00365.00353.00395.00412.00450.00467.00498.00509.00547.00
Cost of materials consumed0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Changes in inventories0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee benefit expense36.0043.0043.0050.0047.0058.0060.0069.0068.0078.0081.0076.0095.0082.0083.0096.00
Finance costs112.00114.00117.00115.00113.00116.00125.00124.00135.00141.00150.00165.00187.00204.00217.00222.00
Depreciation and amortisation5.005.005.005.005.006.006.007.006.007.007.009.007.008.009.009.00
Other expenses11.0014.0016.0018.0015.0021.0024.0029.0027.0028.0032.0034.0030.0038.0041.0037.00
Total expenses171.00186.00200.00197.00198.00207.00228.00219.00239.00258.00274.00292.00326.00340.00359.00369.00
Profit before exceptional items and tax63.0084.00110.0095.0074.00118.00115.00146.00114.00138.00138.00159.00141.00157.00150.00177.00
Exceptional items0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax63.0084.00110.0095.0074.00118.00115.00146.00114.00138.00138.00159.00141.00157.00150.00177.00
Current tax19.0020.0021.007.0024.0025.0019.0023.0025.0025.0028.0027.0031.0031.0031.0031.00
Deferred tax-5.00-1.004.00-0.00-9.001.007.007.001.006.003.005.000.004.002.004.00
Tax expense13.0018.0025.007.0015.0026.0026.0030.0025.0031.0031.0032.0031.0036.0033.0035.00
Profit for the period50.0066.0085.0087.0059.0092.0089.00115.0089.00107.00107.00127.00110.00122.00117.00142.00
Profit attributable to owners0.000.000.00———0.000.000.000.000.000.000.000.000.000.00
Profit attributable to non-controlling interests0.000.000.00———0.000.000.000.000.000.000.000.000.000.00
Other comprehensive income0.000.000.000.000.000.000.000.000.000.000.001.000.00-0.000.000.00
Total comprehensive income50.0066.0085.0088.0059.0092.0089.00116.0089.00107.00107.00127.00110.00122.00117.00143.00
Earnings per share, basic6.388.4310.9011.157.5211.6911.2514.6311.2813.5113.5616.0513.8915.3814.7518.00
Earnings per share, diluted6.328.3610.8111.067.4611.6011.1914.5711.2413.4613.5216.0113.8715.3714.7317.98
Interest earned229.00243.00258.00247.00263.00279.00283.00304.00315.00329.00359.00386.00413.00426.00437.00459.00
Fees and commission income4.008.0011.0014.007.0012.0012.0014.0014.0014.0015.0016.0017.0020.0021.0028.00
Net gain on fair value changes1.001.001.001.001.001.002.001.002.003.002.003.004.004.005.004.00
Dividend income0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Rental income0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-31
Revenue from operations903.001,103.001,304.001,609.002,018.00
Other income1.002.001.002.003.00
Total income903.001,106.001,306.001,611.002,021.00
Cost of materials consumed0.000.000.000.000.00
Purchases of stock-in-trade0.000.000.000.000.00
Changes in inventories0.000.000.000.000.00
Employee benefit expense147.00173.00234.00302.00356.00
Finance costs356.00458.00478.00591.00828.00
Depreciation and amortisation20.0021.0024.0029.0033.00
Other expenses58.0058.0089.00121.00147.00
Total expenses601.00753.00853.001,062.001,395.00
Profit before exceptional items and tax302.00353.00453.00548.00625.00
Exceptional items0.000.000.000.000.00
Profit before tax302.00353.00453.00548.00625.00
Current tax64.0067.0091.00104.00124.00
Deferred tax-11.00-3.006.0015.0011.00
Tax expense53.0064.0098.00119.00135.00
Profit for the period249.00289.00355.00430.00491.00
Profit attributable to owners0.00—0.000.000.00
Profit attributable to non-controlling interests0.00—0.000.000.00
Other comprehensive income-0.001.001.001.000.00
Total comprehensive income249.00290.00356.00430.00491.00
Earnings per share, basic31.8536.8645.1054.3862.03
Earnings per share, diluted31.4836.5444.8154.2661.93
Interest earned787.00977.001,129.001,389.001,735.00
Fees and commission income33.0037.0046.0059.0087.00
Net gain on fair value changes6.004.005.0010.0017.00
Dividend income0.000.000.000.000.00
Rental income0.000.000.000.000.00

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-31
Total assets11,885.0013,410.0015,038.0016,519.00
Property, plant and equipment30.0032.0031.0030.00
Capital work-in-progress0.000.000.000.00
Goodwill0.000.000.000.00
Other intangible assets5.004.0023.0031.00
Inventories0.000.000.000.00
Cash and cash equivalents26.00178.0054.0021.00
Total equity and liabilities11,885.0013,410.0015,038.0016,519.00
Equity3,029.003,270.003,514.003,773.00
Equity share capital79.0079.0079.0079.00
Other equity2,950.003,191.003,434.003,694.00
Total liabilities8,856.00———

Cash flow, as filed

Line2021-03-312021-09-302022-03-312022-09-302023-03-312023-09-302024-03-31
Net cash from operating activities-1,071.00-463.00-1,135.00-773.00-1,915.00-629.00-1,987.00
Net cash from investing activities-265.00-68.00-463.00155.00186.00-790.00-647.00
Net cash from financing activities1,008.00566.001,623.00596.001,858.001,295.002,477.00
Purchase of property, plant and equipment8.005.0016.0015.0039.0016.0033.00
Net increase in cash-328.0035.0026.00-22.00130.00-124.00-156.00
con:CFO.BEFORE_TAX-1,017.00-428.00-1,060.00-736.00-1,822.00-575.00-1,856.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING54.0035.0075.0037.0093.0054.00131.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.00
con:PPE_DISPOSALS0.000.000.000.001.000.001.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.0012.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group39.1439.1339.1139.1026.4726.4726.4726.4726.4748.960.490.490.490.49
Domestic institutions12.5114.3514.1515.3024.0024.4025.5625.6910.7511.510.140.140.220.22
Mutual funds—————————8.440.090.100.170.17
Insurance companies3.771.912.081.801.291.611.521.181.641.840.040.040.040.04
Foreign institutions38.8335.0135.5032.3234.7935.8835.5033.9729.6729.770.260.250.170.16
Government—————————0.000.000.000.000.00
Public60.8660.8760.8960.9073.5373.5373.5373.5373.5351.040.510.510.510.51
Non-institutional9.5211.5011.2413.2714.7413.2512.4713.8733.119.750.110.120.120.13
Shares outstanding7905687479085693791243207913639579139705791397057914158079143780791536657915690579161353791795117928274379287782

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Mr. Sachinderpalsingh Jitendrasingh BhinderManaging Drector and Chief ExecutiAny other transaction, Remuneration31,628,000.002
Aavas Gratuity TrustTrustAny other transaction30,867,000.001
Mr. Ghanshyam RawatPresident and Chief Financial OffAny other transaction, Remuneration25,848,000.002
Mr. Ashutosh AtrePresident and Chief Risk OfficerAny other transaction, Remuneration20,988,000.002
Aavas FoundationEnterprises under significant inflAny other transaction9,300,000.001
Mr. Sharad PathakCompany Secretary and Chief CompliAny other transaction, Interest paid, Remuneration6,708,000.004
Mr. Sandeep TandonChairperson and Independent DirectRemuneration1,635,000.001
Mrs. Kalpana Kaushik MazumdarIndependent DirectorRemuneration1,635,000.001
Mrs. Soumya RajanIndependent DirectorRemuneration1,635,000.001
Mr. Ramachandra Kasargod KamathNon-Executive Nominee DirectorRemuneration1,635,000.001
Mr. Vivek VigNon-Executive Nominee DirectorRemuneration1,635,000.001
Perfios Software Solution Private LimitedPrivate Company in which director Purchase of goods or services741,000.001
Aavas Finserv LimitedWholly owned SubsidiaryAny other transaction0.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-27Q1FY27Rakesh Shinde:, to predict.Read the call
2026-05-12Q4FY26*Subject to RBI approvalRead the call
2026-02-12Q3FY26Read the call
2025-11-17Q2FY26them.Read the call
2025-08-19Q1FY26them.Read the call
2025-04-30Q4FY25Rakesh Shinde:, difficult to predict.Read the call
2025-02-04Q3FY25Rakesh Shinde:, difficult to predict., forward.Read the call
2024-11-13Q2FY25Rakesh Shinde:Read the call
2024-07-30Q1FY25Read the call
2024-04-30Q4FY24AND CHIEF EXECUTIVE OFFICER, FINANCIAL OFFICER, OFFICER, STRATEGY AND ANALYTICSRead the call
2024-02-08Q3FY24LIMITED, OF INVESTORRead the call
2023-11-02Q2FY24AAVAS FINANCIERS LIMITED, LIMITEDRead the call
2023-08-10Q1FY24AAVAS FINANCIERS LIMITED, LIMITEDRead the call
2023-05-10Q4FY23AAVAS FINANCIERS LIMITED, FINANCIERS LIMITEDRead the call
2023-02-09Q3FY23AAVAS FINANCIERS LIMITED, recorded.Read the call
2022-10-31Q2FY23Read the call
2022-08-01Q1FY23Read the call
2022-05-11Q4FY22Read the call
2022-02-09Q3FY22Read the call
2021-11-02Q2FY22Read the call
2021-08-05Q1FY22Read the call
2021-05-05Q4FY21Read the call
2021-01-28Q3FY21Read the call
2020-11-05Q2FY21Read the call
2020-08-19Q1FY21Read the call
2020-05-22Q4FY20Read the call
2020-01-28Q3FY20Managing, SushilRead the call
2019-11-02Q2FY20OfficerRead the call
2019-08-09Q1FY20Read the call
2019-05-16Q4FY19Read the call
2019-02-15Q3FY19- AAVAS FINANCIERS LIMITED, AAVAS FINANCIERS LIMITED, FINANCIERS LIMITEDRead the call

What they said about it, quarter by quarter

TopicQ4FY19Q4FY20Q4FY21Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
Capex——Sir just to follow-up on this sir in the current states where you are there leading apart the four states which have recently entered in last four yea…—————
Capital allocation———So, just wanted to understand on HL and LAP, what are the acquisition yields that we have had for both Q4 and FY22.————
CostsIn last six months because of increase in borrowing cost, it has decreased but on the other side you see opex has reduced from 4.81% to 3.8% so 100 ba…If you will appreciate this thing, in our industry, major raw material is funding, whatever you borrow, we deploy that same amount of fund in the asse…—————Yes, what we've invested, it will need some small investment every year like AI, GenAI, need to further sharpen our underwriting, acquisitions, collec…
Debt and cash——Yes, so Abhijit first that 5% we have said that it will take two to three quarters after December quarter earnings and we have improved by 2% this qua…What kind of changes in cash flow are we seeing on the households due to inflation?————
Demand—So based on the existing pipeline and the new customer request, we have the mix as a normal business which we were running.Sir after a long time we have opened branches in Rajasthan I think 7 or 8 branches so what is the purpose have we expanded into new locations which we…What kind of challenges are you seeing on housing demand or on the under-construction properties of our customers?So there is always demand, some gap on the translation on the new business than the cost of borrowing on funds we borrow from the market.We have seen a strong uptick in logins led by diversified omni-channel lead generation funnel, including digital, eMitra, RRO and Mitra, resulting in …——
GuidanceOur guidance was 30% disbursement growth for FY19 which we were able to achieve even with a Y-o-Y growth of 18% in Q4 disbursements while maintaining …I mean, is it like should we expect normal numbers in June or September?We have continuous guidance that every year we can improve our Opex to AUM by 30 to 35 bps; last year also despite that difficult situation we have im…So, another 2-3% saving we can do with improved algorithm in the next 12-18 months’ time, but not much of BT-out impact its 2­ 3% higher from the norm…So some of your peers who are actually smaller in size, they have been growing and they are kind of guiding AUM growth in the vicinity of 30%.We have been able to maintain our spread around 5% in line with our guidance, despite competitive pricing pressure.It reflects our unwavering support, guidance and valuable feedback.I do understand you might have spent only 10-15 days, but if you can just broadly guide us, how do you think about the sector's medium-term growth and…
MarginWe get this funding at very low rate (sub 5%) with the condition that margin has to be capped at 3.5%.—Two questions from my side firstly what is the difference in the yield between your salaried portion and your self employed portion and given increase…At the same time, it will help us in transforming the customer journey and the employee journey and experience and also significant impact on reducing…And on the technology side, I think implementation, once again, we'll see the real jump in the productivity and the other metrics, operating leverage …Our margin, NIM as a percentage of total assets during FY’24 stood at 7.91%.As of 31st March 2025, we maintained sufficient liquidity in the form of cash and cash equivalents and unavailed CC limit of INR 16.52 bn and document…—
People———In the current year, as you see, there was a large attrition across the industry, and to sustain that, the salary increased, incentive, bonus, as it w…May 04, 2023 attrition hits, actually we are really safeguarded, because we have at least the buffer and the bench strength, which is already availabl…———
PricingFor future it depends how and at what pricing the NHB will get funding, so we cannot comment on that side.—So that is also a very good property, we charge extra rate because we believe in the risk adjusted pricing matrix, we don’t believe in one homogeneous…It's a combination of cost of borrowing, opex, risk-based pricing, etc., and accordingly, ALCO and Board advises for this rate.So can you explain what kind of pricing pressure or competition are we witnessing in our home loan segment, if at all?So, it is not a state-based pricing metrics, it’s more of a product, more of a customer, more of an assets quality product basically.And also, as you have been highlighting since past many quarters about change in sourcing strategy with more focus on small ticket loan moving to risk…When I mean sharp execution, I mean the following which is: getting the product and customer suite along with its pricing right; second, looking at th…
Revenue growth——So on a prudent and let us say conservative accounting policy which we adopted in this quarter which has a impact on topline of interest income.My second question, Sushilji, is if I were to just look at your AUM growth of 20% and if I were to dissect it further, the AUM per branch has actually…That gives us confidence, that we're able to feed our increased growth at a very competitive price.Let me now take you through the “Key Highlights of our Performance”: In FY’24, we delivered robust growth of 22% Y-o-Y in AUM at Rs.We have delivered AuM growth of 18% Y-o-Y, reaching an AuM of INR 204 bn. In Q4FY25, we disbursed loans worth around INR 20 bn, whereas in FY25, we ha…—

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2020-01-28Q3FY20SushilSo, I think from concentration risk side we should see incremental business wise how each branch is performing so I have told in my last question and answer also, now we have 245 branches and almost average monthly business per branch is Rs.1.25 to Rs.1.5 Crores and that is how we should see the concentration risk.
2020-01-28Q3FY20SushilWe should see number from the perspective that in a quarter maybe 15 days here, 15 days there, some festival here, some festival there, some holidays here, there, but overall basis if you will see nine months we are consistent 15-16% growth and that is what will lead us to whatever AUM growth we are planning.