Q1 2025 Aavas Financiers Ltd Earnings Call Transcript
Key Points
- AAVAS Financiers Ltd (BOM:541988) reported a robust growth of 22% YoY in AUM, reaching INR178 billion.
- Net profit for Q1 FY25 stands at INR1.26 billion, registering a growth of 15% YoY.
- The company opened four new branches during Q1 FY25 to deepen its reach.
- AAVAS Financiers Ltd (BOM:541988) has completed the adoption and stabilization of Salesforce, processing over 1.9 lakh loan applications.
- The company's OpEx to asset ratio improved by 52 bps to 3.27% in Q1 FY25 from 3.79% in Q1 FY24.
- Incremental borrowing costs increased by 30 bps YoY and 17 bps QoQ to 8.31%, indicating rising cost pressures.
- The sanction-to-disbursement ratio was lower at 77% compared to the normal range of 85%-87%, leading to muted disbursement growth.
- There was a decline in disbursement yields despite a rate hike in previous quarters.
- The company's NIM for Q1 FY25 stood at 7.31%, showing a decline from the previous year's 7.91%.
- Credit costs increased to 20 bps in Q1 FY25 from 16 bps in Q1 FY24 and Q4 FY24.
Ladies and gentlemen, good day, and welcome to Aavas Financiers Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call.
These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference may be recorded. I now hand the conference over to Mr. Rakesh Shinde, Head of Investor Relations at Aavas Financiers Limited.
Thank you, and over to you, sir.
Good evening, everyone. I extend a very warm welcome to all participants. Thank you for participating in the earnings call to discuss the performance of our company for quarter one FY25. The results and the presentation are available on the stock exchanges as well as on our company website, and I hope everyone had a chance to look at it.
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