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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.”
