If you listen in to the latest concall Q2 fy24 results, the question on growth for this year was asked.
Mr. Bhinder the current ceo was evasive on his answer and asked everyone to expect the recently achieved growth rate till the new Salesforce system and the Oracle fusion and LMS stabilises at least for the next two quarters.
Last quarter q on q growth was weak on revenue, yoy was 18percent. Pat growth was fine.
So I expect that this financial year 20-25 percent will not be met. It will be lower.
Jan. Feb March this year their guidance was that q1 will be slow because of new tech and then they are back on track.
After the exit of mr. Sushil, there has been a lot of negative sentiment on the stock.
Other home finance companies like aptus and home first have grown significantly faster.
I like aavas, but they have not earned the confidence back yet. Maybe they are under promising.
Aavas will do well in the long term but with other hfcs doing really well it is difficult to be patient.
Disc: invested . No transaction on last 30 days
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