Q1FY24 Quarterly Result Announced for Aptus Value Housing Finance India Ltd.
Aptus Value Housing Finance India announced Q1FY24 results: AUM at Rs 7,123 crore (up 29% YoY) Disbursements at Rs 646 crore (up 23% YoY) PAT at Rs 142 crore (up 20% YoY) Gross NPA at 1.29%/Net NPA at 0.97% Spread at 13.29% Net worth of around Rs 3,400 crore Diversified borrowings from DFIs, NHB, Private and Public Sector Banks. Network of 231 branches as on 30 June 2023 Commenting on the results, M Anandan, Executive Chairman, said, “Our sharp business focus, deep penetration in served markets, and customer centricity along with appropriate tech support have enabled us to achieve good growth. Digital adoption continues to be strong and about 14% of our business in Q1FY24 has come from the construction eco system app, customer referral app, and social media leads. Going forward our focus shall be to increase the leads through these channels. Coupled with this we have built a strong branch network of 231 branches to support growth and deliver quality service to our customers. 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 crore from various banks. With a strong capital base and prudent borrowing practices, we have positive ALM across tenors. 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 the financial year. This will be improved and restored to the collection levels of around 100% in the ensuing quarters. We continued to grow consistently and our ROA and ROE are one of the best in the Industry. 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." Result PDF01-08-2023