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Aptus Value Housing Finance Ltd has posted a 22 per cent year-on-year increase in its net profit, reaching ₹191 crore for the quarter ended December 31, 2024, when compared with ₹157 crore in the same period last year.
P Balaji, the company’s Managing Director, attributed the growth to strong business performance, stable asset quality, and a continued focus on improving productivity. He noted that the company’s assets under management (AUM) grew by 27 per cent y-o-y to ₹10,226 crore, driven by the expansion of 36 new branches across both existing and new states, including Maharashtra and Odisha, during the first nine months of FY25.
Total income for the quarter grew by 28 per cent, reaching ₹465 crore, up from ₹363 crore in the previous year. Net interest income increased to ₹434 crore, compared to ₹338 crore in Q3 of the prior fiscal year. Disbursements rose by 21 per cent to ₹930 crore, up from ₹768 crore during the same period last year.
However, the company saw a slight increase in its gross non-performing assets (NPA), which rose to 1.28 per cent from 1.19 per cent in Q3 FY24. Similarly, the net NPA increased to 0.96 per cent from 0.89 per cent in the same period last year.
Balaji explained that the slight increase in NPAs was largely due to the macroeconomic environment and seasonal factors. He assured that the company will continue its focus on soft collections and managing NPAs in the upcoming quarter, maintaining a conservative credit cost guidance of around 35 to 40 basis points.
The company reported a Return on Assets (ROA) of 7.70 per cent and a Return on Equity (ROE) of 18.54per cent, which it claims is among the best in the industry.
As part of its funding strategy, Aptus Value Housing Finance issued non-convertible debentures worth ₹325 crore to Mutual Funds during Q3 FY25. As of December 31, 2024, the company maintained robust liquidity of approximately ₹1,000 crore, including undrawn sanctions of ₹570 crore. It also reported a strong capital position with a net worth exceeding .₹4,108 crore.
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