5419882022-07-012022-09-305419882022-09-305419882022-03-315419882022-04-012022-09-305419882022-07-012022-09-30in-bse-fin:OtherExpenses1Member5419882022-04-012022-09-30in-bse-fin:OtherExpenses1Member5419882022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15419882022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares541988AAVASNAINE216P01012Aavas Financiers LimitedEquity2022-04-012023-03-312022-10-202022-10-10INRLakhsHalf yearlySingle segmentHFC-SI2022-10-2012:00:002022-10-2012:57:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedConsolidated32877010000013969900027304000493805000003948509000332300039518320000007754940001410175000691620002286800000161270002824390002576265000137556700001375567000245119000640090003091280001066439000000010664390002094000106853300000007902640001013.5113.460013.5113.460.0284003.The consolidated financial results include result of the following Company: <BR> <BR> 4.The consolidated financial results have been prepared in accordance with Ind AS 110 – Consolidated Financial Statements, prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with the relevant rules issued thereunder and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). <BR> <BR> 5.The above results for the quarter and half year ended September 30, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 20, 2022 and subjected to limited review by the statutory auditors of the Company. The financial results for the quarter and half year ended September 30, 2021 were subjected to limited review by S.R Batliboi & Associates LLP, Chartered Accountants. <BR> <BR> 6.During the half year ended September 30, 2022, the Company has allotted 27,518, 36,634 and 25,811 equity shares to eligible employees under Employee stock Option Plan at a price of INR 215.25, INR 328 and INR 1580.20 per equity share at premium of INR 205.25, INR 318 and INR 1570.20 per equity share respectively. <BR> <BR> 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 1,725.64 lakh as at September 30, 2022. <BR> <BR> 8.The Holding Company has maintained at-least 100% assets cover on its secured redeemable non-convertible debentures(NCDs) as on September 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. <BR> <BR> 9.The Holding 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. <BR> <BR> 10.Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessary.2022-04-012022-09-30UnauditedConsolidated643689400000282645000468510007107220000074771120004258000748137000000014540260002756932000131442000460580000025288000547686000496143200025199380000251993800049120300071809000563012000195692600000001956926000209400019590200000000790264000102949815100024.7824.710024.7824.710.028400Other expenses282439000Other expenses54768600025809900013286263000000100817894000518168000284369400001467400000029680900006439100004827500069783400011884610100079026400029498151000302884150000302884150000021565700000150247690006968876500009987270001943341000057147000417562000211718000885576860001188461010003.The consolidated financial results include result of the following Company: <BR> <BR> 4.The consolidated financial results have been prepared in accordance with Ind AS 110 – Consolidated Financial Statements, prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with the relevant rules issued thereunder and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). <BR> <BR> 5.The above results for the quarter and half year ended September 30, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 20, 2022 and subjected to limited review by the statutory auditors of the Company. The financial results for the quarter and half year ended September 30, 2021 were subjected to limited review by S.R Batliboi & Associates LLP, Chartered Accountants. <BR> <BR> 6.During the half year ended September 30, 2022, the Company has allotted 27,518, 36,634 and 25,811 equity shares to eligible employees under Employee stock Option Plan at a price of INR 215.25, INR 328 and INR 1580.20 per equity share at premium of INR 205.25, INR 318 and INR 1570.20 per equity share respectively. <BR> <BR> 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 1,725.64 lakh as at September 30, 2022. <BR> <BR> 8.The Holding Company has maintained at-least 100% assets cover on its secured redeemable non-convertible debentures(NCDs) as on September 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. <BR> <BR> 9.The Holding 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. <BR> <BR> 10.Figures for the previous year/period have been regrouped and/or reclassified wherever considered necessary.Remeasurements of defined benefit liability27980002798000Remeasurements of defined benefit liability2798000279800070400070400020940002094000000000-209561000-10348879000000018294000131442000252880001344200000357850000000127972000000000-9884152000-73642140000003690950000-7733309000000000000150532000282500000000000000000000700500001692934000155223200000565130000000014069045000808175800008273000000005961070000-2200070000-220007000478106000258099000