Housing Finance company Aptus Value Housing Finance India announced Q1FY25 results: PAT is Rs 172 crore with a 21% YoY growth AUM stands at Rs 9,072 crore with a 27% YoY growth RoA at 7.73% RoE at 18.13% Commenting on the results, P. Balaji, Managing Director, said, “I am pleased to report a solid performance for the first quarter of FY25. The Company posted a 21% y-o-y increase in net profit at Rs 172 crore in the first quarter of FY25 supported by business growth, stable asset quality and continuous focus on higher productivity. We sustained consistent growth and achieved an AUM growth of 27% YoY supported by branch addition of 36 over June 2023, both in existing states and new states of Odisha and Maharashtra, improvement in productivity and increase in ATS. We are confident to pursue an AUM growth of about 30% in the coming quarters/years. During the quarter, we moved to Mobile first lead management software system, which impacted our disbursements in the month of April 2024. In the months of May and June 2024, disbursements were back to normalcy clocking 35% growth over the corresponding comparable two month period. The implementation of this system marks a major advancement in our operations, streamlining our processes, service delivery, lesser bounce, collection productivity, regulatory compliance and improving overall efficiency. Our Opex for the quarter was at 2.67% and we will continue to be a productivity driven organization with clear focus on expenses and will continue to have the lowest cost to income/assets in the affordable housing finance industry. The planned growth stated above is expected to come out of additional borrowings, leading to improved leverage from the current level. As a result of this, the RoA which is currently at 7.73% is likely to come down to around 7% but the RoE which is currently at 18.13% is likely to go above 21%, which is the best in the affordable housing finance industry. As on June 30, 2024, we have maintained a sufficient liquidity of Rs 907 crore including undrawn sanctions of Rs 520 crore from various banks. The Company is well capitalized with a net worth of over Rs 3,818 crore.” Result PDF
Housing Finance company Aptus Value Housing Finance India announced FY24 results: Financial Highlights: AUM as of FY24 at Rs 8,722 crore, growth of 29% YoY Disbursement at Rs 3,127 crore for FY24, growth of 31% YoY Distribution network of 262 branches (opened 31 new branches during FY24) PAT at Rs 612 crore for FY24, growth of 22% YoY RoA at 8.00% RoE at 17.25% Commenting on the results, P. Balaji, Managing Director, said, “I am delighted to announce that FY24 has proven to be a good year for Aptus, marked by significant accomplishments and strong growth. During FY24, we expanded our presence by opening 31 branches, thereby strengthening our network to 262 branches, assuring excellent service to our 1,33,000 +customers We disbursed 3,127 crore registering a growth of 31% YoY. We sustained consistent growth and achieved an AUM growth of 29% YoY. The adoption of digital technologies has remained robust, with a consistent enhancement in business generation through leads originating from our customer referral app, eco-partners app, and social media channels. Our customer-centric digital platform, coupled with an AI/ML-driven credit evaluation process, guarantees prompt loan disbursements to our customers To take the Company to the next level of growth, middle management viz. sales, credit, collections and IT have been strengthened. Throughout the year, we've consistently maintained low levels of NPAs and remain committed to focus on high quality of assets with Gross NPA at 1.07% as on March 31, 2024. PAT for FY24 stood at Rs 612 crore with an increase of 22% YoY. Our ROA and ROE remained solid at 8.00% and 17.25% respectively. As on March 31, 2024, we have maintained a sufficient liquidity of Rs 1,022 crore including undrawn sanctions of Rs 620 crore from various banks. The Company is well capitalized with a net worth of over Rs 3,700 crore. Going forward, we will continue to prioritize responsible lending and risk management, ensure sustainable growth and asset quality, focus on expanding and retaining customer base both in existing and new geographies and building a strong workforce to further strengthen our position as a leading affordable housing finance company in the country.” Result PDF
Aptus Value Housing Finance India announced 9MFY24 results: Financial Overview - Net Asset Under Management (AUM): Increased to Rs 8,072 crore, marking a YoY growth of 28% from Rs 6,307 crore. - Profit After Tax (PAT): Grew by 22%, reaching Rs 448 crore compared to Rs 368 crore in the same period last year. - Gross Non-Performing Assets (NPA): Improved, decreasing by 25 basis points to 1.19%. - Return on Assets (ROA): Maintained a solid performance above 8%, specifically at 8.06%. - Return on Equity (ROE): Demonstrated an increase of 108 basis points to 17.10%. Operational Highlights - Disbursements: Saw an increase of 25% year-over-year with a total of Rs 2,159 crore being disbursed. - Branch Network Expansion: Added 12 new branches in Q3FY24 and 31 branches in the year to date, expanding the total to 262 branches. - Net Worth: Reported to be over Rs 3,700 crore. - Liquidity Position: A strong liquidity status was noted with Rs 961 crore in funds, inclusive of undrawn sanctions from the NHB and various banks. Commenting on the results, P. Balaji, Managing Director, said, “During the 9 months FY24, we opened 31 branches and have widened our presence through a strong network of 262 branches assuring the best service to all our customers. We disbursed 2,159 crore registering a growth of 25% year on year. We continued to grow consistently and delivered an AUM growth of 28% year on year. Digital adoption has been strong with steady improvement in business generation through leads generated from customer referral apps, eco partners apps, and social media channels. Our customer-centric digital platform and AI/ML-supported credit evaluation process ensure timely loans to our customers. We consistently maintained low levels of NPAs over the years and continue to focus on good quality assets with a Gross NPA of 1.19% as of December 31, 2023. PAT has grown by 22% on YoY and 6% on a QoQ basis. Our ROA and ROE remained solid at 8.06% and 17.10% respectively. As of December 31, 2023, we have maintained a sufficient liquidity of Rs 961 crore including undrawn sanctions of Rs 300 crore from NHB and Rs 310 crore from various banks. The Company is well capitalized with a net worth of over Rs 3,700 crore. In order to take the Company to the next level of growth, middle management viz. sales, credit, collections and IT has been strengthened. As we move forward, we will remain focused on expanding our customer base both in existing and new geographies and further strengthen our position as a leading affordable housing finance company in the country.” Result PDF