Earnings | AAVAS Financiers Limited (NSE: AAVAS): Q4FY23 Results Out; Total Income rises 23% YoY.

AAVAS Financiers Limited (formerly known as “Au Housing Finance Limited”) is a leading housing finance company based in India. The company primarily caters to the low and middle-income segment of customers in semi-urban and rural areas by providing housing loans. AAVAS Financiers Limited has a strong presence in Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Haryana, Delhi, and Uttar Pradesh. The company has a customer-centric approach and offers customized products and services to its customers. AAVAS Financiers Limited has a strong focus on technology and has developed a digital platform to enhance its customer experience and improve its operational efficiency.

• AAVAS Financiers Limited reported Total Income for Q4 FY23 of ₹450 Crore up from ₹365 Crore year on year, a growth of 23%.
• Total Expenses for Q4 FY23 of ₹292 Crore up from ₹219 Crore year on year, a growth of 33%.
• Consolidated Net Profit of ₹127 Crore, up 10% from ₹115 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹16.05, up 10% from ₹14.63 in the same quarter of the previous year.