Aptus Value Housing Finance’s net profit up 20% in Q2 FY24, Real Estate News, ET RealEstate

November 2, 2023

NEW DELHI: Aptus Value Housing Finance India has reported a growth of 20.04 per cent in its net consolidated profit during the quarter ended September 30, 2023. Its profit after tax stood at Rs 148.01 crore in Q2 FY24 as against Rs 123.30 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 344.46 crore in Q2 FY24, a growth of 24.33 per cent from Rs 277.05 crore it recorded in the similar quarter last year.

M Anandan, executive chairman of the company said, “We witnessed a robust disbursement of Rs. 1,391 crores in this half year, marking a 23% y-o-y increase and resulting in a 28% year-on-year 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 year-on-year basis. The company is well capitalised with a net worth of Rs. 3,540 crore as on September 30, 2023. We have diligently maintained a healthy balance sheet liquidity of Rs 974 crores which includes undrawn sanction of Rs. 300 crores from NHB and Rs. 290 crores 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% respectively.”

During the quarter ended September 30, 2023, the company has allotted 6,18,750 equity shares to employees who have exercised their options under the approved employee stock option schemes.

The board has approved the appointment of Anitha V as the CCO of the company for a term of three years with effect from November 02, 2023.

As on September 30, 2023, its net worth stood at Rs 3,258.56 crore, debt-equity ratio was 1.12, total debts to total assets was 0.52, operating margin was 55.12%, net profit margin was 44.40%, gross non-performing assets (NPAs) were 1.20% and net NPAs were 0.88%.

Disbursements for H1 FY 24 was at Rs 1,391 crore, 23% increase year-on-year.

  • Published On Nov 2, 2023 at 06:30 PM IST

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