Aavas Financiers - Strong Operating Q3 Performance; Provisions Adequate: Motilal Oswal
Residential buildings stand at a housing complex in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

Aavas Financiers - Strong Operating Q3 Performance; Provisions Adequate: Motilal Oswal

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Aavas Financiers Ltd. reported a strong Q3 FY21, with 26% YoY growth in profit after tax to Rs 856 million.

In the first nine months of FY21, despite the tough environment, the company delivered 7% YoY growth in PAT to Rs 2 billion.

The past quarter was characterized by stable disbursements on a YoY basis and margin improvement.

Click on the attachment to read the full report:

Motilal Oswal Aavas Financiers Q3FY21 Result Update.pdf

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