Aptus Value Housing Finance records strong Q3 growth

06 Feb 2024 CW Team

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.

Real Estate

13 Jan 2026

ANAROCK Launches Project Management And Engineering Arm

ANAROCK has announced the strategic launch of its Project Management & Engineering Services (PMES) vertical, marking a major expansion of its real estate capabilities. The move positions the company as a comprehensive, one-stop solutions provider offering seamless project delivery from concept to completion. The PMES vertical has commenced operations with more than 500 professionals and 42 active client contracts. It is expected to generate over Rs 1.25 billion in revenue in FY 2026–27, contributing significantly to ANAROCK’s group-wide revenue target of Rs 11 billion. The company has out..

Seequent To Showcase Geoscience Tech At FMF 2026

Seequent will participate in the fifth edition of the Future Minerals Forum, scheduled to take place in Riyadh from 13 to 15 January 2026. The company will present its geoscience technologies, underscoring its role in advancing data-driven mineral exploration in Saudi Arabia and engaging with industry leaders on the future of the regional mining sector. The participation aligns with Seequent’s commitment to supporting the objectives of Saudi Vision 2030 and highlights its involvement in major mining projects across the Kingdom. Visitors will be able to explore Seequent’s integrated suite ..

Maruti Suzuki, Indian Oil Tie Up For Service At Fuel Stations

Maruti Suzuki India Limited has signed a memorandum of understanding with Indian Oil Corporation Limited to establish vehicle service facilities at select Indian Oil fuel retail outlets across the country. The partnership aims to make car servicing more convenient by offering maintenance support at locations frequently visited by customers. Under the initiative, customers will be able to access routine maintenance, minor repairs and select major services at these facilities. The move is expected to further strengthen Maruti Suzuki’s after-sales footprint, which already includes more than 5,..