ICICI Securities: Aavas Financiers - Pristine Quality, Affordable Premium 
A motorcyclist rides past residential apartment buildings in Palava City on the outskirts of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Aavas Financiers - Pristine Quality, Affordable Premium 

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.

ICICI Securities Report

Aavas Financiers Ltd.’s gross stage-three assets including standstill accounts at 0.47%, sub-40 basis points provisioning for H1 FY21, 1+ dpd pool at 6.2%, only depicts and reinforces the resilience of its portfolio.

Collection efficiencies at 95% (compared to 96-97% pre-Covid-19 levels) are noteworthy especially given 65% of customer mix is self-employed.

Basis its engagement with customers, the management guided that it does not foresee any restructuring request

Click on the attachment to read the full report:

ICICI Securities Aavas Financiers Q2FY21 Results Update.pdf


This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.

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