India's Aavas Financiers slips after Q1 profit falls sequentially
22/07/2026 05:48
BUZZ-India's Aavas Financiers slips after Q1 profit falls sequentially ** Shares of India's Aavas Financiers AVAS.NS fall 5.4% to 1439.30 rupees, set for their biggest one-day pct fall since early-February
** Housing finance co's Q1 profit falls 5.7% sequentially to 1.71 billion rupees
** Jefferies says average NIM fell 19 bps Q/Q to 6.9%, below estimate
** Citi flags margin pressure as spreads compress 14 bps Q/Q to 5.06%
** Citi cuts FY27/FY28 earnings estimates 2%-3%; Jefferies trims FY27-FY29 estimates by 1%
** Stock rated "buy" on average by 21 analysts; median PT 1668 rupees - LSEG compiled data
** Stock down 1.7% YTD
(Reporting by Payel Das in Bengaluru)
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India's Aavas Financiers slips after Q1 profit falls sequentially