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Aptus Value Housing Finance records strong Q3 growth
Real Estate

Aptus Value Housing Finance records strong Q3 growth

Aptus Value Housing Finance India announced a robust 25.50% growth in its net consolidated profit for the quarter ending December 30, 2023. The profit after tax reached Rs 1575.8 million in Q3 FY24, compared to Rs 1255.6 million in the corresponding quarter of the previous fiscal year, as reported in a filing with the Bombay Stock Exchange (BSE).

The company's net consolidated total income for Q3 FY24 saw a substantial increase of 10.80%, reaching Rs 3266.4 million from Rs 2948 million in the same quarter the previous year.

P. Balaji, the managing director, highlighted, "We achieved a 25% year-on-year growth, disbursing Rs 21.59 billion. As of December 31, 2023, our liquidity position remains strong at Rs 9.61 billion, inclusive of undrawn sanctions from NHB and various banks amounting to Rs 3 billion and Rs 3.1 billion, respectively. The company maintains a robust capitalisation with a net worth exceeding Rs 37 billion."

During the quarter ending December 31, 2023, the company issued 2,37,500 equity shares to employees who exercised their options under the approved employee stock option schemes.

As of December 30, 2023, Aptus Value Housing Finance India's net worth stood at Rs 3,3834.1 million, with a debt-equity ratio of 1.10. The total debts to total assets ratio was 0.52, the operating margin was 56%, the net profit margin was 43.72%, and the gross non-performing assets (NPA) and net NPA were reported at 1.19% and 0.87%, respectively.

For the first nine months of FY24, disbursements amounted to Rs 21.59 billion, reflecting a 25% year-on-year increase, while the assets under management (AUM) reached Rs 80.72 million, indicating a notable 28% year-on-year growth.

Aptus Value Housing Finance India announced a robust 25.50% growth in its net consolidated profit for the quarter ending December 30, 2023. The profit after tax reached Rs 1575.8 million in Q3 FY24, compared to Rs 1255.6 million in the corresponding quarter of the previous fiscal year, as reported in a filing with the Bombay Stock Exchange (BSE). The company's net consolidated total income for Q3 FY24 saw a substantial increase of 10.80%, reaching Rs 3266.4 million from Rs 2948 million in the same quarter the previous year. P. Balaji, the managing director, highlighted, We achieved a 25% year-on-year growth, disbursing Rs 21.59 billion. As of December 31, 2023, our liquidity position remains strong at Rs 9.61 billion, inclusive of undrawn sanctions from NHB and various banks amounting to Rs 3 billion and Rs 3.1 billion, respectively. The company maintains a robust capitalisation with a net worth exceeding Rs 37 billion. During the quarter ending December 31, 2023, the company issued 2,37,500 equity shares to employees who exercised their options under the approved employee stock option schemes. As of December 30, 2023, Aptus Value Housing Finance India's net worth stood at Rs 3,3834.1 million, with a debt-equity ratio of 1.10. The total debts to total assets ratio was 0.52, the operating margin was 56%, the net profit margin was 43.72%, and the gross non-performing assets (NPA) and net NPA were reported at 1.19% and 0.87%, respectively. For the first nine months of FY24, disbursements amounted to Rs 21.59 billion, reflecting a 25% year-on-year increase, while the assets under management (AUM) reached Rs 80.72 million, indicating a notable 28% year-on-year growth.

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