Aavas Financiers Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 06:44 am EDT
Share
Aavas Financiers Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 4,976.19 million compared to INR 3,951.83 million a year ago. Net income was INR 1,216.62 million compared to INR 1,066.44 million a year ago. Basic earnings per share from continuing operations was INR 15.38 compared to INR 13.51 a year ago. Diluted earnings per share from continuing operations was INR 15.37 compared to INR 13.46 a year ago.
For the six months, revenue was INR 9,646.35 million compared to INR 7,481.37 million a year ago. Net income was INR 2,314.9 million compared to INR 1,956.93 million a year ago. Basic earnings per share from continuing operations was INR 29.27 compared to INR 24.78 a year ago. Diluted earnings per share from continuing operations was INR 29.25 compared to INR 24.71 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.
AAVAS FINANCIERS LIMITED 
