Aavas Financiers Reports Strong Q3 FY24-25 Results with Record Sales and Profit Growth

Jan 30 2025 07:02 PM IST
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Aavas Financiers has announced its financial results for the third quarter of FY24-25, highlighting a year-on-year growth in Profit After Tax of 23.48% and the highest quarterly net sales in five quarters at Rs 596.74 crore. The operating profit also reached a peak, indicating strong performance.
Aavas Financiers, a midcap player in the finance and housing sector, has recently reported its financial results for the third quarter of FY24-25, showcasing notable developments. The company has experienced a positive trajectory in its financial metrics, with a significant adjustment in its evaluation reflecting these trends.

The Profit After Tax (PAT) for the half-year period reached Rs 294.33 crore, marking a year-on-year growth of 23.48%. This indicates a favorable near-term trend in profitability. Additionally, Aavas Financiers reported its highest quarterly net sales in the last five quarters, amounting to Rs 596.74 crore, further underscoring the positive momentum in sales performance.

Moreover, the operating profit (PBDIT) also reached a peak of Rs 455.15 crore for the quarter, the highest recorded in the past five quarters. This consistent performance across key financial metrics suggests a robust operational framework and effective management strategies.

In light of these developments, Aavas Financiers has undergone a revision in its score, reflecting the positive trends observed in its financial results.

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