Aptus Value Housing Finance Posted 36% YoY Growth in PAT

Aptus Value Housing Finance India Ltd, a leading Housing Finance Company has declared its financial results for the year ended 31 March 2023.

Key Performance Metrics for FY 23

Performance Highlights

• Networth of  over Rs.3,300 crores
• Dividend of Rs.4 per share (Face Value Rs.2 per share) declared
• Diversified borrowings -  from NHB, DFIs like IFC, large financial institutions and banks
• Network of 231 branches as on 31 March 2023

Commenting on the results, Mr. M Anandan, Executive Chairman said,  “Our sharp business focus, deep penetration in served markets and customer centricity have enabled us to achieve good growth. Enhanced digital adoption in customer sourcing, underwriting,  collections and risk management also supported the business growth well.

We have crossed the coveted milestone of serving more than 1,00,000 customers. During FY23, we disbursed Rs. 2,395 crores registering a growth of 46% year on year. We have built a strong branch network of 231 branches to deliver quality service to our customers. The Company is well capitalised with a net worth of over Rs. 3300 crores. As on Mar 31, 2023, we have maintained sufficient on balance sheet liquidity of over Rs. 511 crores without including undrawn sanctions of Rs.625 crores from National Housing Bank/Banks. With strong capital base and prudent borrowing practices, we have positive ALM across tenors.

The business in this 12 months 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 5.90%. GNPAs were at 1.15% (Net NPA 0.86%) as of Mar 2023.

Despite rise in interest rates, we continued to grow consistently and delivered an AUM growth of 30% Year on Year. PAT has grown at 36% and our ROA and ROE is one of the best in the Industry."