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Aavas Financiers conducted a conference call 25 July 2024 to discuss the financial results for the quarter ended June 2024. Sachinder Bhinder, MD&CEO of the company addressed the call:
Highlights:
The AUM of the company has increased 22% yoy to Rs 17841 crore end June 2024, with 13% growth in the disbursements to Rs 1211 crore in Q1FY2025.
The NIM stood at 7.31% and spread at 5.00% in Q1FY2025.
The company has improved opex to asset ratio by 52 bps yoy to 3.27% in Q1FY2025.
The credit cost stood at 20 bps.
The capital adequacy ratio was strong at 44.48% end June 2024.
The company is witnessing strong logins growth and continued strong uptick in loan applications.
The company has recorded strong sanction growth of 25%, but the disbursement to sanction ratio was lower at 77% against the normal rate of 85-86%, which led to moderate 13% growth in the disbursements.
The company has maintained gu...
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