INTEGRATED FILING — NBFC



General information about company

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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 24-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 16-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment HFC-S1
Start date and time of board meeting 24-Apr-2025   15:35:00
End date and time of board meeting 24-Apr-2025   16:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? Yes
(b) If answer to above question is No, please explain the reason for not complying. Yes
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-01-30
Indicate Company website link for updated RPT policy of the Company https://www.aavas.in/codes-and-policies
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 defaults in loan


Financial Results — NBFC
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 5352620000 20176767000
(ii) Dividend Income 0 0
(iii) Rental Income 0 0
(iv) Fees and commission Income 309771000 1075374000
(v) Net gain on fair value changes 48097000 218555000
(vi) Net gain on derecognition of financial instruments under amortised cost category 651642000 2074356000
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 6362130000 23545052000
Other income 12750000 39098000
Total income 6374880000 23584150000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 1119517000 3777573000
Finance costs 2647375000 10074684000
Depreciation, depletion and amortisation expense 97904000 364515000
Fees and commission expense 25840000 83245000
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 76399000 271243000
(f) Other expenses
1 Other expenses 475607000 1686999000
Total other expenses 475607000 1686999000
Total expenses 4442642000 16258259000
3 Total profit before exceptional items and tax 1932238000 7325891000
4 Exceptional items 0 0
5 Total profit before tax 1932238000 7325891000
7 Tax expense
8 Current tax 330095000 1431572000
9 Deferred tax 65351000 153237000
10 Total tax expenses 395446000 1584809000
11 Net Profit Loss for the period from continuing operations 1536792000 5741082000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period 1536792000 5741082000
16 Other comprehensive income net of taxes 3529000 2366000
17 Total Comprehensive Income for the period 1540321000 5743448000
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 791537000 791537000
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 19.42 72.54
Diluted earnings per share from continuing operations 19.26 71.97
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 19.42 72.54
Diluted earnings per share 19.26 71.97
23 Debt equity ratio 3.176 3.176
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks
23 Debt equity ratio Debt is 1384986.45 Lakhs where as equity is 436083.23 Lakhs as on March 25
24 Debt service coverage ratio Debt service coverage ration not applicable being housing finance company (HFC)
25 Interest service coverage ratio Debt service coverage ration not applicable being housing finance company (HFC)


Text Block
Textual Information(1)


Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 7325891000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -585195000
Adjustments for other financial assets, current -22514842000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 50364000
Adjustments for depreciation and amortisation expense 364515000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 285822000
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current -111095000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 127496000
Adjustments for fair value losses (gains) -218555000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -4771000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -22606261000
Net cash flows from (used in) operations -15280370000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 1320892000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -16601262000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 518000
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 20111000
Purchase of property, plant and equipment 300706000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 230542000
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 2272873000
Net cash flows from (used in) investing activities 1762254000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 3057000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 45777828000
Repayments of borrowings 30735199000
Payments of lease liabilities 230629000
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash -68499000
Net cash flows from (used in) financing activities 14746558000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -92450000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -92450000
Cash and cash equivalents cash flow statement at beginning of period 205580000
Cash and cash equivalents cash flow statement at end of period 113130000




Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 113130000
Bank Balance other than (a) above 15483188000
Derivative financial instruments 10487000
Receivables
(I) Trade Receivables 113654000
(II) Other Receivables 0
Loans 162297093000
Investments 2300184000
Other Financial assets 4199885000
Total Financial Assets 184517621000
2 Non Financial Asset
Inventories 0
Current tax assets (Net) 7325000
Deferred tax Assets (Net) 0
Investment Property 0
Biological assets other than bearer plants 0
Property, Plant and Equipment 303988000
Capital work-in-progress 0
Intangible assets under development 104009000
Goodwill 0
Other Intangible assets 416137000
Other non-financial assets (to be specified) 835660000
Total Non Financial Assets 1667119000
Total assets 186184740000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 791537000
Other equity 42816786000
Total equity attributable to owners of parent 43608323000
Non controlling interest
Total equity 43608323000
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments
(b) Payables
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 9748000
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 39101000
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises
(C ) Debt Securities 17274749000
(d) Borrowings (Other than Debt Securities) 121223895000
(e) Deposits 0
(f) Subordinated Liabilities 0
(g) Other financial liabilities 2734899000
Total Financial Liabilities 141282392000
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 0
(b) Provisions 91356000
(C ) Deferred tax liabilities (Net) 755715000
(d) Other non-financial liabilities 446954000
Total Non Financial Liabilities 1294025000
Total liabilities 142576417000
Total equity and liabilites 186184740000
Disclosure of notes on assets and liabilities Textual Information(1)


Text Block
Textual Information(1) 3. 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 from time to time, and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 4. 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 April 24, 2025 and subject to audit by the joint statutory auditors of the Company who have expressed an unqualified opinion . The financial results for the quarter and year ended March 31, 2024 were audited by Walker Chandiok & Co LLP, Chartered Accountants. 5. The figures for the last quarter are balancing figures between audited figures in respect of full financial year and the unaudited published year to date figures upto the third quarter of the financial year. 6. During the year ended March 31, 2025, the Company has allotted 3,250 and 1,200 equity shares to eligible employees under Employee stock Option Plan at a price of INR 328.00 and 1,580.20 per equity share at premium of INR 318.00 and 1,570.20 per equity share respectively. The Company has also allotted 9,510 equity shares to eligible employees under Performance stock Option Plan at a price of INR 10.00 per equity share. 7. Aavas Finserv Limited, erstwhile wholly owned subsidiary (“subsidiary”) of the Company which was under voluntary liquidation, has received dissolution order from NCLT dated January 28, 2025. Aavas Financiers Limited don’t have any subsidiary/associate/joint venture company(ies), as on March 31, 2025. 8. Disclosures pursuant to RBI Notification-RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021 (a) Details of transfer through assignment in respect of loans not in default during the quarter and year ended March 31, 2025. (b) Details of transfer through Co-lending in resepct of loans not in default during the quarter and year ended March 31, 2025. (c) The Company has not transferred or acquired, any stressed loans during the quarter and year ended March 31, 2025. (d) The Company has not acquired, any loans not in default during the quarter and year ended March 31, 2025. 9. Disclosure pursuant to RBI Notification -RBI/2021-22/31/DOR.STR.REC.11/21.04.048/2021-22 dated May 05, 2021 10. Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for the quarter and year ended March 31, 2025 is attached as Annexure A. 11. The Company has maintained at-least 100% security cover on its secured listed non-convertible debentures (NCDs) as on March 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. 12. 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. 13. 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.


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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


Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 4716000 3162000
Total Amount of items that will not be reclassified to profit and loss 4716000 3162000
2 Income tax relating to items that will not be reclassified to profit or loss 1187000 796000
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 3529000 2366000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M S K A & Associates, Chartered Accountants Yes 31-Jul-2027
2 Borkar & Muzumdar, Chartered Accountants Yes 31-May-2028


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Aavas Financiers Limited Aavas Foundation Enterprises under significant influence of the Key Management Personnel Any other transaction Contribution as a settler 60000000 As approved by the Audit Committee 42806000 0 0
2 Aavas Financiers Limited Aavas Gratuity Trust Trust Any other transaction Gratuity Contribution 50000000 As approved by the Audit Committee 10000000 0 0
3 Aavas Financiers Limited Perfios Software Solution Private Limited Private Company in which director of the Company is a director Purchase of goods or services 2500000 As approved by the Audit Committee 4652000 -413000 -533000
4 Aavas Financiers Limited Aavas Finserv Limited Wholly owned Subsidiary Any other transaction Proceeds from voluntary liquidation of Investment in Subsidiary company As approved by the Audit Committee 1018000 500000 0
Total value of transaction during the reporting period 58476000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt