Chennai: August 2nd, 2023: Aptus Value Housing Finance India Ltd, a leading Housing Finance Company has declared its financial results for the Quarter ended 30 June 2023.
Key Performance Metrics for Q1 FY 24
| Particulars (Rs. Cr) |
Q1 FY24 |
Q1 FY 23 |
Y-o-Y |
| Disbursements |
646 |
525 |
23% |
| AUM |
7,123 |
5519 |
29% |
| PAT |
142 |
119 |
20% |
| Gross NPA (%) |
1.29% |
1.75% |
Decrease by 46 bps |
| ROA (%) |
8.21% |
8.88% |
Maintained above 8% |
| ROE(%) |
16.93% |
15.89% |
Increase by 104 bps |
Performance Highlights
Spread at 13.29%
Net worth of around Rs.3,400 crores
Diversified borrowings from DFIs, NHB, Private and Public Sector Banks.
Network of 231 branches as on 30 June 2023
Commenting on the results, Mr. 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 Q1 FY 24 has come from 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 crores. As on June 30, 2023, we have maintained sufficient on balance sheet liquidity of over Rs. 497 crores without including undrawn sanctions of Rs.400 crores from various banks. With 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 financial year. This will be improved and restored back to the collection levels of around 100% in the ensuing quarters.
We continued to grow consistently and our ROA and ROE is 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.