'The income from operation of
AAVAS Financiers increased 16% to Rs 542.39 crore in Q1FY2025. Overall OPM
improved to 76.2% in Q1FY2025 from 72.9% in Q1FY2024, leading to 21% rise in
operating profit to Rs 413.04 crore. Other expenditure rose 19% to Rs 37.79
crore, while employee expenses declined 4% to Rs 91.55 crore in Q1FY2025.
Other income increased 325%
to Rs 0.17 crore. Interest cost surged 26% to Rs 235.17 crore. Depreciation
moved up 17% to Rs 8.51 crore, while provision jumped 51% to Rs 8.58 crore. PBT
moved up 14% to Rs 160.95 crore.
The effective tax rate eased
to 21.7% in Q1FY2025 compared to 22.0% in Q1FY2024. Profit after tax increased
15% to Rs 126.1 crore.
Book
value of the company as at Rs 493.2 and adjusted book value
was Rs 477.0 (net of NNPA) end June 2024.
Business
highlights
AUM increased at strong pace
of 22% to Rs 17842 crore end June...
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