| Scrip code | 541988 |
|---|---|
| NSE Symbol | AAVAS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE216P01012 |
| Name of company | Aavas Financiers Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 05-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 20-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | HFC-S1 |
| Start date and time of board meeting | 05-02-2026 14:59:00 |
| End date and time of board meeting | 05-02-2026 15:48:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| no | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 57,381.73 | 1,68,638.27 |
| (ii) | Dividend Income | 0.00 | 0.00 |
| (iii) | Rental Income | 0.00 | 0.00 |
| (iv) | Fees and commission Income | 2,855.17 | 7,935.63 |
| (v) | Net gain on fair value changes | 488.18 | 1,848.88 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 6,694.44 | 18,454.71 |
| (vii) | Sale of products (including Excise Duty) | 0.00 | 0.00 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| Total other revenue from operations | |||
| Total Revenue From Operations | 67,419.52 | 1,96,877.49 | |
| Other income | 42.10 | 122.76 | |
| Total income | 67,461.62 | 1,97,000.25 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 0.00 | 0.00 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 11,420.36 | 33,786.32 | |
| Finance costs | 27,448.18 | 82,137.55 | |
| Depreciation, depletion and amortisation expense | 1,111.24 | 3,116.86 | |
| Fees and commission expense | 228.59 | 745.77 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 | |
| Impairment on financial instruments | 784.97 | 2,706.96 | |
| (f) | Other expenses | ||
| 1 | Other expenses | 4,535.96 | 13,538.79 |
| Total other expenses | 4,535.96 | 13,538.79 | |
| Total expenses | 45,529.30 | 1,36,032.25 | |
| 3 | Total profit before exceptional items and tax | 21,932.32 | 60,968.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 21,932.32 | 60,968.00 |
| 7 | Tax expense | ||
| 8 | Current tax | 4,205.46 | 12,167.79 |
| 9 | Deferred tax | 722.29 | 1,478.86 |
| 10 | Total tax expenses | 4,927.75 | 13,646.65 |
| 11 | Net Profit Loss for the period from continuing operations | 17,004.57 | 47,321.35 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 15 | Total profit (loss) for period | 17,004.57 | 47,321.35 |
| 16 | Other comprehensive income net of taxes | 28.80 | 71.17 |
| 17 | Total Comprehensive Income for the period | 17,033.37 | 47,392.52 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 7,917.95 | 7,917.95 | |
| Face value of equity share capital | 10 | 10 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | 21.48 | 59.78 | |
| Diluted earnings per share from continuing operations | 21.32 | 59.34 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | 21.48 | 59.78 | |
| Diluted earnings per share | 21.32 | 59.34 | |
| 23 | Debt equity ratio | 307.0600 | 307.0600 |
| 24 | Debt service coverage ratio | ||
| 25 | Interest service coverage ratio | ||
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
| 23 | Debt equity ratio | Debt is 1491721.80 Lakhs where as equity is 485813.55 Lakhs as on Decemberr 25 |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Textual Information(1) | 1. The financial results have been prepared in accordance with applicable accounting standards prescribed under section 133 of Companies Act, 2013 read with (Indian Accounting Standard) Rules, 2015 (Ind AS), as amended and other accounting principles generally accepted in India along with the circulars, guidelines and directions issued by Reserve Bank of India (RBI) and the National Housing Bank (NHB) from time to time and in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The above financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on February 05, 2026 and subject to limited review by the joint statutory auditors of the Company. 3. During the nine months ended December 31, 2025, the Company has allotted 5,879, 4,400 and 1,461 equity shares to eligible employees under Employee stock Option Plan at a price of INR 1,580.20, 328 and 215.25 per equity share at premium of INR 1,570.20, 318 and 205.25 per equity share respectively. The Company has also allotted 14,106 equity shares to eligible employees under Performance stock Option Plan at a price of INR 10.00 per equity share. 4. Disclosures pursuant to Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025 and Reserve Bank of India (Non-Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025 dated 28 November 2025: (a) Details of transfer through assignment in respect of loans not in default during the quarter and nine months ended December 31, 2025 (b) Details of transfer through Co-lending in resepct of loans not in default during the quarter and nine months ended December 31, 2025 (c) The Company has not transferred or acquired, any stressed loans during the quarter and nine months ended December 31, 2025 (d) The Company has not acquired, any loans not in default during the quarter and nine months ended December 31, 2025 5. Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the quarter and nine months ended December 31, 2025 is attached as Annexure A. 6. The Company has maintained at-least 100% security cover on its secured listed non-convertible debentures (NCDs) as on December 31, 2025 (by creating exclusive charge on hypothecation of specific and identified book debts/receivables). The proceeds of the NCDs, utilised till the end of the reporting period, were used for the objects that were stated in the respective offer documents. 7. The Government of India has notified the implementation of four New Labour Codes effective November 21, 2025, namely, the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, (collectively referred to as the 'New Labour Codes’), consolidating 29 existing labour laws. In light of the Ministry of Labour & Employment’s draft Central Rules and FAQs published on December 30, 2025, the Company has estimated an incremental impact of INR 250 lakh (net) gratuity liability arising out of the past service cost and change in assumption under 'Employees Benefit Expenses' in the Statement of Profit and Loss Account during the quarter and nine months ended December 31, 2025. This estimate is based on the preliminary assessment of the financial implications of the New Labour Codes. 8. The Company is engaged primarily in the business of housing finance within india and there are no separate reportable segments as per Ind AS 108 dealing with Operating Segments. 9. The Company does not have any subsidiary/ associate/ joint venture company. Accordingly, consolidation of financial statement is not applicable. 10. Figures for the previous year/periods have been regrouped and/or reclassified wherever considered necessary. The impact, if any, are not material to financial results. |
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| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Standalone | Standalone | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| Total Segment Revenue | |||
| Less: Inter segment revenue | |||
| Revenue from operations | |||
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| Total Profit before tax | |||
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | |||
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| Total Segment Asset | |||
| Un-allocable Assets | |||
| Net Segment Asset | |||
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| Total Segment Liabilities | |||
| Un-allocable Liabilities | |||
| Net Segment Liabilities | |||
| Disclosure of notes on segments | |||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurements of defined benefit liability | 3849000 | 9511000 |
| Total Amount of items that will not be reclassified to profit and loss | 3849000 | 9511000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 9.69 | 23.94 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 28.80 | 71.17 |