2024-11-08 12:14:04 :
Aavas Financiers second quarter results live broadcast: Aavas Financiers announced its second quarter results on November 7, 2024. Revenue increased by 5.64% year-on-year, and profit increased by 21.57% year-on-year. However, compared with the previous quarter, revenue fell by 4.01%, while profits still achieved a growth of 17.29%.
The company’s selling, general and administrative expenses showed a positive trend, falling 8.68% month-on-month, but still increased 1.93% year-on-year. The reduction in expenses highlights Aavas Financiers’ efforts to optimize operational efficiency.
Operating income for this quarter decreased by 4.27% quarter-on-quarter, but increased by 6.42% year-on-year. Earnings per share (EPS) is $In the second quarter, it was 19.14, an increase of 20.33% over the same period last year.
Looking at market performance, Aavas Financiers returned 1.99% last week and 10% over the past six months, giving it an impressive year-to-date return of 11.33%. The company’s current market capitalization is $Rs 13,500.76 Crore, 52-week High $1978.95 minimum is $1307.
The consensus among Aavas Financiers’ 19 analysts as of November 8, 2024 is that the outlook is mixed. Only one analyst rates the stock a Strong Sell, with one rating it a Sell. Instead, 2 analysts recommend a Hold, 7 recommend a Buy, and 8 have a Strong Buy rating. The general consensus recommendation is “Buy,” indicating confidence in the company’s growth trajectory.
Aavas Financier Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 520.62 | 542.39 | -4.01% | 492.84 | +5.64% |
| Total Selling/General/Administrative Expenses | 83.61 | 91.55 | -8.68% | 82.02 | +1.93% |
| Depreciation/Amortization | 8.93 | 8.51 | +4.97% | 7.63 | +17.04% |
| total operating expenses | 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 tax | 190.02 | 160.95 | +18.06% | 157.36 | +20.75% |
| net income | 147.91 | 126.1 | +17.29% | 121.66 | +21.57% |
| Diluted normalized earnings per share | 19.14 | 16.77 | +14.17% | 15.91 | +20.33% |
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