Aptus Value Housing Finance India Limited | Q1 FY 23Results

Chennai: November 9th, 2022: Aptus Value Housing Finance India Ltd, a leading Housing Finance Company in South India has declared its financial results for the half year ended  30th September 2022.

Key Performance Metrics for H1 FY 23

Particulars (Rs. Cr)

H1FY23

H1FY22

Y-o-Y

Disbursements

1,129

668

69%

AUM

5,932

4,480

33%

PAT

242

159

52%

Gross NPA (%)

1.47%(*)

0.81%

Increase by 66 bps

ROA (%)

8.71%

7.43%

Increase by 128 bps

Performance Highlights

·         NIM at 14.32%

·         Return on Assets (ROA) is at 8.71%

·         Return on Equity (ROE) is at 15.83%

·         Networth of  Rs.3,175 crores

·         Diversified borrowings –  from NHB, DFIs like IFC, large financial institutions and banks

·         Network of 213 branches as on 30 Sep 2022

Commenting on the results, Mr. M Anandan, Chairman & Managing Director, Aptus Value Housing Finance India Limited, said,  

“During H1FY23, we disbursed Rs. 1,129 crores registering a growth of 69% year on year. We have built a strong branch network of 213 branches to deliver quality service to our customers. The Company is well capitalized with a net worth of Rs. 3175 crores. As on Sep 30, 2022, we have maintained sufficient on-balance sheet liquidity of over Rs. 1000 crores without including undrawn sanctions of Rs.500 crores from the National Housing Bank. With a strong capital base and prudent borrowing practices, we have positive ALM across tenors.

The business in this half year geared up for strong growth in disbursements and collection efficiencies have come back to pre covid levels with considerable improvement in soft buckets. 30 + DPD which was at 9.91% as on 31 March 2022 has come down to 6.32%. There was a marked reduction in GNPAs to 1.47% from 1.75% in June 2022.

We continued to grow consistently and delivered an AUM growth of 33% Year on Year. PAT has grown at 52% and our ROA and ROE is one of the best in the Industry.

We enjoy a rating of AA(-) both from ICRA and CARE.

By Prabeen