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Aavas Financiers gains after Q4 PAT jumps 46% YoY

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.

Aavas Financiers Ltd Founder Awarded the EY Entrepreneur of the Year 2020 Title in Financial Services Category

Aavas Financiers Ltd. Aavas Financiers Ltd. Founder Awarded the EY Entrepreneur of the Year 2020 Title in Financial Services Category Thursday, April 1, 2021 4:45PM IST (11:15AM GMT) EY Entrepreneur Of The Year 2020 India - Financial Services- Mr. Sushil Kumar Agarwal   Jaipur, Rajasthan, India:  Mr. Sushil Kumar Agarwal, Founder, MD & CEO of Aavas Financiers Ltd. was conferred with the prestigious EY (Ernst and Young) Entrepreneur of the Year award in the Financial Services category. The award ceremony was held virtually on 25 th March 2021 where it celebrated “The Unstoppables” winners who stand for extraordinary stories of a strong mission and purpose backed with continuous innovation.

Aavas Financiers Ltd Founder awarded the EY Entrepreneur of the Year 2020 Title in Financial Services category

Aavas Financiers Ltd Founder awarded the EY Entrepreneur of the Year 2020 Title in Financial Services category
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India s housing finance company Aavas Financiers completes its 10th year Anniversary

Aavas Financiers Limited was incorporated on 23rd February 2011 in the Pink City, Jaipur, Rajasthan. Since then, the company has evolved from a simple insight and vision, which was to empower and upgrade the lives of the middle and lower-middle-class sections of the Indian population in semi-urban & rural area and help fulfil their dream of owning a home. Since the beginning, Aavas Financiers (Formerly Au Housing Finance) made a core commitment to bridge the gap between the demand for housing finance and its availability by making housing finance accessible to the unserved and underserved market in the rural and semi-urban parts in India.

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