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Tag: Aptus Value Housing Finance India Ltd

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Aptus Value Housing Finance India Ltd –Q3 Results

Jan 29, 2022 by Gouri 0 Comments #Aptus Value Housing Finance India Ltd, #M Anandan

Chennai: January 28th, 2022: Aptus Value Housing Finance India Ltd, a leading Housing Finance Company in South India has declared its financial results for the quarter and 9 months ended on 31st December 2021.

Key Performance Metrics for 9 months FY22

 

Particulars (Rs. Cr) 9m FY22 9m FY21 Y-o-Y
Disbursements 1,122 895 25%
AUM 4,805 3,791 27%
PAT 260 191 36%
Gross NPA (%) 1.53(*) 0.76 Increase by 77 bps
ROA (%) 7.82 7.22 Increase by 60 bps

(*) – As per the RBI circular dated 12 Nov 2021

 

Performance Highlights

• Return on Assets (ROA) is at 7.82%
• Return on Equity (ROE) is at 14.12%
• Networth of over Rs. 2,800 crores
• Diversified borrowings – from NHB, DFIs like IFC, large financial institutions and banks
• Network of 202 branches as of 31st December 2021

Commenting on the results, Mr M Anandan, Chairman & Managing Director, Aptus Value Housing Finance India Limited, said, “During the 9 months FY 22, we disbursed Rs. 1,122 crores registering a growth of 25% year on year. We have built a strong branch network of 202 branches to deliver quality service to our customers. The Company is well capitalised with a net worth of over Rs. 2,800 crores. As of December 31, 2021, we have maintained a sufficient balance sheet liquidity of Rs. 835 crores including undrawn sanctions in the form of cash and cash equivalents.

We continued to grow consistently and delivered an AUM growth of 27% Year on Year. PAT has grown at 36% and our ROA was at 7.82% which is one of the best in the Industry. Gross NPA was at 1.53% as of 31 Dec 2021. Our GNPA without considering the impact of the RBI circular was at 1.11%.

Our rating was upgraded to AA- from A+ by ICRA during the quarter.

The Company expects a better Q4 which coincides with the busy season and hopes to grow the business volumes in the quarters ahead.

Real Estate Sector on Repo Rates
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ICRA upgrades Aptus Value Housing to AA- Stable from A+ Stable

Dec 16, 2021 by Gouri 0 Comments #Aptus Value Housing Finance India Ltd, #Housing Finance company, #ICRA, #Mr.P. Balaji

Aptus Value Housing Finance India Ltd, a leading Housing Finance company has seen a rating upgrade for its long-term instruments from ICRA A+ Stable to ICRA AA-Stable. The rationale behind the rating action factors the company’s strengthened capital profile and track record of maintaining healthy profitability and asset quality

Commenting on the rating upgrade, Mr.P. Balaji, Executive Director and Chief Financial Officer stated “We have managed to keep our return on managed assets in the range of 6.3% to 6.5% over the last 3 years. The infusion of fresh equity through the IPO proceeds has strengthened our net worth that will support our portfolio growth over the medium term. Though there was a drop in collection efficiencies in the months of April and May 2021 like any other company due to pandemics, both disbursements and collection efficiencies have reached pre covid levels.

DISCLAIMER:

Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in an economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Aptus Value Housing Finance India Ltd. will not be in any way responsible for any action taken based on such statements and discussions and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.