Aavas Financiers Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
July 29, 2021 at 05:21 am EDT
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Aavas Financiers Limited announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced total revenue was INR 2,720.258 million compared to INR 233,653.2 million a year ago. Net income was INR 590.477 million compared to INR 499.651 million a year ago. Basic earnings per share from continuing operations was INR 7.52 compared to INR 6.38 a year ago. Diluted earnings per share from continuing operations was INR 7.46 compared to INR 6.32 a year ago.
Aavas Financiers Limited is an India-based housing finance company. The Company is engaged in providing the home loans to the customers belonging to low- and middle-income segment in semi urban and rural areas. The Companyâs offerings include home loan, plot and home construction loan, home improvement loan, home loan balance transfer, loan against property, micro, small and medium enterprise (MSME) loan, emergency credit line guarantee scheme, and small ticket size (STS) loan. It offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. It also offers other mortgage loans, including loans against property. The Company operates in markets, such as Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha and Karnataka.