5419882022-04-012022-06-305419882022-04-012022-06-30in-bse-fin:OtherExpenses1Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares

541988

AAVAS

INE216P01012

Aavas Financiers Limited

Equity

2022-04-01

2023-03-31

2022-07-28

2022-07-18

INR

Lakhs

First quarter

Single segment

HFC-SI

2022-07-28

13:30:00

2022-07-28

15:00:00

false

Not applicable

2022-04-01

2022-06-30

Unaudited

Standalone

3148487000

142946000

19547000

216917000

3527897000

935000

3528832000

675612000

1346757000

62278000

23190000

9161000

265118000

2382116000

1146716000

246084000

8390000

254474000

892242000

789608000

11.3

11.26

11.3

11.26

0.0287

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 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”) 2. The figures for the quarter ended March 31, 2022 represent balancing figures between the audited figures for the year ended March 31, 2022 and year to date figures upto December 31, 2021 which were subjected to limited review by Statutory auditors. 3. The above results for the quarter ended June 30, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 28, 2022 and subjected to limited review by the statutory auditors of the Company. The financial results for the quarter ended June 30, 2021 were subjected to limited review by S.R Batliboi & Associates LLP, Chartered Accountants. 4. During the quarter ended June 30, 2022, the Company has allotted 21,380 and 2,993 equity shares to eligible employees under Employee stock Option Plan at a price of INR 215.25 and INR 328 per equity share at premium of INR 205.25 and INR 318 per equity share respectively. 5. COVID-19 pandemic affected the global economies over the last two years. Like other countries, India is also fast emerging from the impact of pandemic by a significant reduction in new cases and vaccination coverage of a large part of the population. The extent to which the pandemic will impact the Company's operations and financial metrics going forward will depend on ongoing as well as future developments, including the nature & severity of any new waves. 6. 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 ended June 30, 2022 (b) The Company has not transferred or acquired, any stressed loans during the quarter ended June 30, 2022 (c) The Company has not acquired, any loans not in default during the quarter ended June 30, 2022 7. Pursuant to the RBI circular dated November 12, 2021 - "Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications", the Company has implemented the requirements and aligned its definition of default accordingly. On February 15, 2022, RBI has deferred the implementation of Para 10 of circular till September 30, 2022 pertaining to upgradation of Non performing assets. However, the Company has not opted for this deferment and such alignment has resulted in additional non-performing assets of INR 2,525.54 lakh as at June 30, 2022. 8. Disclosure in compliance with Regulation 52(4) of the SEBI (Listing Obligation and Disclosure Requirments) Regulation, 2015 for the quarter ended June 30, 2022 is attached as annexure A. 9. The Company has maintained at-least 100% assets cover on its secured redeemable non-convertible debentures as on June 30, 2022 (by creating floating charge on hypothecation of book debts and receivables). The proceeds of the NCDs were used for the objects that were stated in the respective offer documents. 10. The Company is engaged primarily in the business of housing finance and accordingly there are no separate reportable segments as per Ind AS 108 dealing with Operating Segments. 11. Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessary.

Other expenses

265118000