Aavas Financiers Q4 Results Review - Disbursement Up 39% QoQ: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Strong 22% YoY asset under management growth in FY24 with an all-time low 1 plus days past due portfolio at 3.1%, as on March 2024, despite higher attrition owing to top-management change in May 2023 and adverse impact on business volume due to tech upgradation, summarises superior execution of business strategies by new management. Further, Aavas Financiers Ltd. sounded confident about sustaining strong disbursement momentum in FY25 and expects 22%-25% AUM growth in near term. Management also highlighted that bringing down cost-to-assets below 3% remains key strategic priority in near-term. We maintain 'Buy' with a revised target price of Rs 1,900, valuing it at 3.2 times (3 times earlier) September ’25E book value per share as we believe Aavas would maintain its industry-leading position in the affordable housing finance company space and deliver ~3–3.5% return on asset and 15–18% return on equity on a steady-state basis..Click on the attachment to read the full report:.IndusInd Bank Q4 Results Review - Inline Earnings; Asset Quality Remains Stable: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aavas Financiers Q4 Results Review - Disbursement Up 39% QoQ: ICICI Securities

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