Aavas Financiers Q2 Results Live : Aavas Financiers declared their Q2 results on November 7, 2024, reporting a topline increase of 5.64% and a profit surge of 21.57% year-over-year. However, compared to the previous quarter, the revenue experienced a decline of 4.01%, while profit still managed to rise by 17.29%.
The company’s Selling, General & Administrative expenses showed a positive trend, declining by 8.68% quarter-over-quarter, although they still increased by 1.93% year-over-year. This reduction in expenses highlights Aavas Financiers’ efforts to optimize operational efficiency.
Operating income for the quarter was down by 4.27% compared to the previous quarter but saw an increase of 6.42% year-over-year. The earnings per share (EPS) stood at ₹19.14 for Q2, marking a 20.33% increase from the same quarter last year.
In terms of market performance, Aavas Financiers has delivered a 1.99% return in the last week, a 10% return over the past six months, and an impressive 11.33% year-to-date return. The company currently holds a market capitalization of ₹13,500.76 Crore, with a 52-week high of ₹1978.95 and a low of ₹1307.
As of November 8, 2024, a consensus of 19 analysts covering Aavas Financiers shows a mixed outlook. Only 1 analyst rated the stock as a Strong Sell, while another rated it as Sell. Conversely, 2 analysts suggested a Hold, 7 analysts recommended a Buy, and 8 analysts expressed a Strong Buy rating. The general consensus recommendation is to Buy, indicating confidence in the company’s growth trajectory.
Aavas Financiers Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 520.62 | 542.39 | -4.01% | 492.84 | +5.64% |
| Selling/ General/ Admin Expenses Total | 83.61 | 91.55 | -8.68% | 82.02 | +1.93% |
| Depreciation/ Amortization | 8.93 | 8.51 | +4.97% | 7.63 | +17.04% |
| Total Operating Expense | 141.58 | 146.43 | -3.31% | 136.66 | +3.6% |
| Operating Income | 379.04 | 395.95 | -4.27% | 356.18 | +6.42% |
| Net Income Before Taxes | 190.02 | 160.95 | +18.06% | 157.36 | +20.75% |
| Net Income | 147.91 | 126.1 | +17.29% | 121.66 | +21.57% |
| Diluted Normalized EPS | 19.14 | 16.77 | +14.17% | 15.91 | +20.33% |
