Aavas Financiers Ltd. experienced a drop of over 2% in its shares following a report on asset quality and net interest margin (NIM) for the first quarter of fiscal 2025.
The company’s Q1 results show net sales of ₹542.39 crore, a 16.19% increase from ₹466.81 crore a year earlier. Net profit rose by 14.94% to ₹126.10 crore, up from ₹109.71 crore in the same period last year. EBITDA improved by 20.93% to ₹404.63 crore compared to ₹334.59 crore in June 2023. Earnings per share (EPS) increased to ₹15.93 from ₹13.88.
However, concerns arose as the net interest margin (NIM) decreased to 7.3% from 7.9% quarter-on-quarter, and asset quality showed signs of deterioration.
As of July 25, 2024, the shares closed at ₹1,778.20 on the NSE. Over the past six months, the stock has delivered a 19.05% return and a 10.89% return over the last year.
