Aptus Value Housing Finance’s net profit up 19.70% in Q1 FY24, ET RealEstate

August 27, 2023

NEW DELHI: Aptus Value Housing Finance India has reported a growth of 19.70 per cent in its net consolidated profit during the quarter ended June 30, 2023. Its profit after tax stood at Rs 142.25 crore in Q1 FY24 as against Rs 118.84 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 314.86 crore in Q1 FY24, a growth of 26.57 per cent from Rs 248.76 crore it recorded in the similar quarter last year.

“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 crores from various banks. 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 financial year. This will be improved and restored back to the collection levels of around 100% in the ensuing quarters. 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,” said M Anandan, executive chairman of the company said.

As on June 30, 2023, the company’s net worth stood at Rs 3,129.61 crore, debt-equity ratio was 1.14, total debts to total assets was 0.53, net profit margin was 45.87%, gross non-performing assets (NPAs) was 1.26% and net NPAs were 0.92%.

Its assets under management (AUM) increased by 29% year-on-year and stood at Rs 7,123 crore while disbursements were up 23% year-on-year at Rs 646 crore.

  • Published On Aug 1, 2023 at 06:00 PM IST

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