AAVAS Financiers Ltd(NSE:AAVAS) is a financial services company that has recently released its financial results for the third quarter (Q3) of the fiscal year 2023 (FY2023). The company has shown a growth in its financial performance both on a quarter-on-quarter (QoQ) and year-on-year (YoY) basis.
For Q3 FY2023, the total income of the company increased to Rs. 412.0714 crores compared to Rs. 395.1832 crores in the previous quarter. Additionally, the company’s net profit increased to Rs. 107.1229 crores compared to Rs. 106.6439 crores in the previous quarter. The company’s earnings per share (EPS) also saw a slight increase from Rs. 13.46 to Rs. 13.52.
When compared to the same period in the previous fiscal year (Q3 FY2022), the total income of the company increased to Rs. 412.0714 crores from Rs. 342.8664 crores. The company’s net profit also increased to Rs. 107.1229 crores from Rs. 88.7603 crores in the previous year. The company’s EPS increased from Rs. 11.19 to Rs. 13.52.
For the 9 months period ended December 31, 2022, the company’s total income increased to Rs. 1160.2084 crores compared to Rs. 940.3424 crores in the same period of the previous fiscal year. The company’s net profit increased to Rs. 302.8156 crores compared to Rs. 239.7126 crores in the previous fiscal year. The company’s EPS also increased from Rs. 30.23 to Rs. 38.24.
Overall, AAVAS Financiers Ltd has shown a strong financial performance in the 9 months period ended December 31, 2022, with significant increases in total income, net profit, and EPS compared to the same period in the previous fiscal year. The company’s quarter-on-quarter performance was also positive, indicating a consistent growth in its financial performance.
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