Aavas Financiers Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 30, 2019 at 05:45 pm IST
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Aavas Financiers Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company announced total income of INR 1,947.482 million compared to INR 1,258.987 million a year ago. Profit for the period was INR 562.730 million compared to INR 258.758 million a year ago. Basic earnings per share was INR 7.22 compared to INR 4.43 a year ago. Diluted earnings per share was INR 7.15 compared to INR 4.30 a year ago. Revenue from operations was INR 1,948.476 million compared to INR 1,256.665 million a year ago.
For the nine months, the company announced total income of INR 5,057.995 million compared to INR 3,467.238 million a year ago. Profit for the period was INR 1,216.234 million compared to INR 731.267 million a year ago. Basic earnings per share was INR 16.62 compared to INR 12.55 a year ago. Diluted earnings per share was INR 16.18 compared to INR 12.18 a year ago. Revenue from operations was INR 5,054.557 million compared to INR 3,464.786 million a year ago.
Aavas Financiers Limited is an India-based retail, affordable housing finance company, primarily serving low- and middle-income self-employed customers in semi-urban and rural areas. The Company's product offering consists of home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units, loan against property and micro, small and medium enterprises loan (MSME) loans. Its Website has a portal for online application of loans which offers services like branch locator, home loan equated monthly instalment calculator, details on specific products like construction loans, MSME loans and others. Customers also have the option to apply for loans through Aavas Loan Mobile App. It operates in over 13 states with a total of 371 branches. It operates in various states including Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, Delhi, Odisha and Karnataka.
AAVAS FINANCIERS LIMITED 
