Aptus Value Housing Finance India announced Q2FY24 & H1FY24 results: 1. Financial Performance: - Aptus Value Housing Finance India reported a 28% YoY increase in Assets Under Management (AUM), reaching Rs 7,604 crore for H1FY24. - The Profit After Tax (PAT) for H1FY24 stood at Rs 290 crore, representing a 20% growth compared to the previous year. - The Gross Non-Performing Assets (NPA) reduced by 28 basis points to 1.19% in line with RBI guidelines. - Return on Assets (ROA) remained above 8% and Return on Equity (ROE) increased by 117 basis points to 17%. 2. Operational Highlights: - Disbursements for H1FY24 amounted to Rs 1,391 crore, marking a 23% YoY increase. - Net worth of around Rs 3,540 crore - The company expanded its network by opening 20 new branches in Q2FY24, bringing the total branch count to 250. - Aptus Value Housing Finance India has a diversified borrowing pattern, securing funds from various sources including NHB, DFIs, and large financial institutions and banks. - Digital adoption and customer referrals have contributed to steady improvement in business generation. Commenting on the results, M Anandan, Executive Chairman, said, “The Company's performance for the current quarter demonstrates a sustained trajectory of stability, growth and diversified income stream. In alignment with our strategic objective of expanding deeper into existing markets and contiguous expansion to newer markets, we have successfully commenced operations in 20 new branches during this period. This business expansion initiative has reinforced our commitment to augment investments in human resources, technological advancements and data analytics, all with the overall goal of ensuring sustainable future growth. Digital adoption continues to be strong with steady improvement in business generation through our customer referral app and social media campaign. Underpinned by our mission to empower underserved communities at large, we witnessed a robust disbursement of Rs 1,391 crore in this half year, marking a 23% YoY increase and resulting in a 28% YoY growth in AUM to reach Rs 7,604 crore as on September 30, 2023. Our asset quality with focus on early delinquencies has helped us to reduce our 30 + DPD by 51 bps to 5.99% on YoY basis. The company is well capitalised with a net worth of Rs 3,540 crore as on Sep 30, 2023. We have diligently maintained a healthy balance sheet liquidity of Rs 974 crore which includes undrawn sanction of Rs 300 crore from NHB and Rs 290 crore from various banks. With strong capital base and prudent borrowing practices, we have been able to maintain positive ALM across tenors. During this quarter the Company’s ROA and ROE has remained resilient at 8.10% and 17.00% respectively. As we move forward, we shall continue to pursue our strategic objectives diligently, aiming for sustained growth and continued excellence across all our operations”. Result PDF
Aptus Value Housing Finance India announced Q1FY24 results: AUM at Rs 7,123 crore (up 29% YoY) Disbursements at Rs 646 crore (up 23% YoY) PAT at Rs 142 crore (up 20% YoY) Gross NPA at 1.29%/Net NPA at 0.97% Spread at 13.29% Net worth of around Rs 3,400 crore Diversified borrowings from DFIs, NHB, Private and Public Sector Banks. Network of 231 branches as on 30 June 2023 Commenting on the results, M Anandan, Executive Chairman, said, “Our sharp business focus, deep penetration in served markets, and customer centricity along with appropriate tech support have enabled us to achieve good growth. Digital adoption continues to be strong and about 14% of our business in Q1FY24 has come from the construction eco system app, customer referral app, and social media leads. Going forward our focus shall be to increase the leads through these channels. Coupled with this we have built a strong branch network of 231 branches to support growth and deliver quality service to our customers. The Company is well capitalised with a net worth of around Rs 3,400 crore. As on June 30, 2023, we have maintained sufficient on-balance sheet liquidity of over Rs 497 crore without including undrawn sanctions of Rs 400 crore from various banks. With a strong capital base and prudent borrowing practices, we have positive ALM across tenors. Collection efficiencies dropped marginally by around 0.50% and our 30 + DPD and NPAs have gone up marginally by 0.37% and 0.14% respectively which is somewhat seasonal in the first quarter of the financial year. This will be improved and restored to the collection levels of around 100% in the ensuing quarters. We continued to grow consistently and our ROA and ROE are one of the best in the Industry. With on-ground strong demand for both Home Loans and Small Business Loans, we are confident of pursuing 30 % to 35% growth in disbursements along with good quality of loan book and collection efficiencies resulting in sustained profitability." Result PDF