Aptus Value Housing Finance India Limited, a leading Housing Finance Company has declared its financial results for the quarter ended September 30, 2024, showcasing robust growth and operational efficiency.

Performance Highlights: Q2 FY25 Vs Q2 FY24

•    AUM stands at Rs. 9,679 crores with a 27% y-o-y growth 

•    PAT at Rs. 182 crores with a 22% y-o-y growth 

•    RoA at 7.77%, one of the best in the industry

•    RoE at 18.30% is making steady progress, up by 130 bps y-o-y 

•    Borrowings further diversified – Additional funding through issuance of NCDs(Non-convertible Debentures) to MFs (Mutual Funds).

Key Performance Metrics

Commenting on the results, P. Balaji, Managing Director, said, “We are happy to share that Aptus achieved strong results for the second quarter of FY25. The Company posted a 22% y-o-y increase in net profit at Rs. 182 crores in the second quarter of FY25 supported by business growth, stable asset quality and continuous focus on higher productivity. We sustained consistent growth and achieved an AUM growth of 27% y-o-y supported by an addition of 24 branches over June 2024, both in existing states and new states of Odisha and Maharashtra.”

“Our Opex for the quarter was at 2.65%. We will remain a productivity-focused organization and will continue to achieve the lowest cost-to-asset and cost-to-income ratios in the affordable housing finance sector. Digital adoption remains robust and is a key area of focus as we continue to grow. Our digital infrastructure for seamless omnichannel lead generation has remained strong, contributing approximately 20% of our business through leads generated from our customer referral app, eco-partners app, and social media channels. As of September 24th, 99% of our customers are registered on our mobile application. During the period, the Company achieved 83% adoption rate for digital agreements. Also, our digital collections improved to 98% and account aggregator penetration increased to 43% during the period,” he adds.

The company’s GNPA has improved as compared to the previous quarter. This positive trend reflects its effective collection mechanism and diligent credit underwriting processes. Furthermore, the planned growth is expected to come out of additional borrowings leading to improved leverage from the current level. Aptus Value Housing Finance achieved an ROA and ROE of 7.77% and 18.30% respectively, one of the best in the industry, reflecting its commitment to operational efficiency and prudent financial management.

As part of the company’s funding plan, Aptus has diversified its borrowings by issuing non-convertible debentures aggregating to Rs. 400 crores during Q2 FY25. As on September 30, 2024, it has maintained sufficient liquidity of Rs. 1,239 crores including undrawn sanctions of Rs. 550 crores from various banks. The Company is well capitalized with a net worth of over Rs. 4,014 crores.

Aptus is pleased with its performance this quarter, which reflects the company’s commitment to sustainable growth and financial inclusion. Furthermore, the company’s focus on expanding in under-served geographies and maintaining robust asset quality has contributed to its strong financial performance. As a result, Aptus’ AUM has shown consistent growth, further reinforcing our position in the market.

“We remain optimistic about the long-term potential of the affordable housing segment and will continue to enhance our reach and service offerings to meet the evolving needs of our customers,” highlights  P. Balaji.

Aptus Value Housing Finance India Limited is amongst the fastest growing & profitable affordable housing finance Company with a network of 291 branches catering to over 1,45,082 active live accounts in Tamil Nadu, Union Territory of Puducherry, Telangana, Andhra Pradesh, Karnataka, Odisha and Maharashtra. The company offers home loans for purchase and self-construction of residential property, home improvement, extension loans, loan against property and business loans to the low and middle-income groups.