We need to give time to Aavas Housing. There are two challenges
A) New Management
B) Lack of systems in place (specifically IT system) , this is evident from the fact that Turnaround time is approx 10 days .
Both of these challenges are getting addressed.
What makes Aavas an elusive HFC , vis a vis it’s competitors is it’s Pan India presence and outstanding underwriting.
In fact, in the management call , Sachin sir has said that both the issues will get addressed.
Tech implementation would be completed by FY24 . This will make the complete functions seamless, this reducing the TAT. Company has engaged consultants of repute to solve this.
Guidance
A) Medium term -20 -25 %AUM growth and margin 5 percent plus.
B) LONG TERM DECADAL AUM -1LAC CR (Refer to Page 8 of Annual Report)
I am really very positive on Aavas .
Subscribe To Our Free Newsletter |