Aavas Financiers rose 1.09% to Rs 2295.95 after the housing financier reported 46% jump in net profit to Rs 87.61 crore on 23.5% rise in revenue from operations to Rs 289.41 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 March 2021 stood at Rs 94.98 crore, up 43.1% from Rs 66.37 crore in Q4 March 2020.
Aavas Financiers recorded 16.21% increase in net profit to Rs 289.49 crore on 22.3% rise in revenue from operations to Rs 1103.17 crore in the year ended 31 March 2021 over the year ended 31 March 2021.
Asset Under Management (AUM) as on 31 March 2021 is Rs 9454.30 crore of which home loans contributed 73.5% while other mortgage loans contributed 26.5%. The company's AUM has increased 21% from Rs 7796.1 crore as on 31 March 2020.