RoE expansion journey continued for Aptus Value Housing Finance (Aptus), as reflected in it improving to 16.9% in Q1FY24 (one of the highest within AHFC space) vs 16.3% in Q4FY23 and 15.9% in Q1FY23, driven by steady AUM growth (up 6% QoQ). It reported PAT of INR 1.4bn (up 20% YoY / 5% QoQ) driven by a sharp decline in credit cost to 14bps vs 48bps QoQ and 8% QoQ reduction in staff cost.