Operating expenses during the quarter amounted to Rs 118.44 crore, up 12.4% YoY.

Profit before tax in Q4 FY23 stood at Rs 158.56 crore, up by 8.5% from Rs 146.09 crore in Q4 FY22.

The company recorded 20.5% jump in net profit to Rs 430.07 crore on a 23% rise in net interest income to Rs 1,011.53 crore in FY23 as compared with FY22.

The company's disbursements in FY23 stood at Rs 5,024.5 crore, up by 39.5% from Rs 3,602.2 crore in FY22. Active loan accounts at the end of FY23 added up to 187,149, up 24.1% YoY.

AUM as on 31 March 2023 was Rs 14,166.7 crore, of which Home Loans contributed 69.9% and Other Mortgage Loans contributed 30.1%.

Gross stage-3 was 0.92% comprising 0.81% of above 90 DPD assets & 0.11% of upto 90 DPD assets and net stage-3 was 0.68%.

The housing finance company said that 87.8% of its borrowings were from term loans, assignment, and NHB refinancing. 12.2% of borrowings were from debt capital market (of which 78.2% is from development finance institutions like IFC, CDC & ADB), with no borrowings by way of commercial papers.

The company had a net worth of Rs 3,269.7 crore as on 31 March 2023.

Aavas Financiers is retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India. 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.

The scrip fell 3.21% to currently trade at Rs 1394.85 on the BSE.