Aptus Value Housing Finance India Limited, a leading Housing Finance Company has declared its financial results for the quarter ended September 30, 2024, showcasing robust growth and operational efficiency.
Q2 FY25 Vs Q2 FY24. AUM stands at Rs. 9,679 crores with a 27% y-o-y growth. PAT at Rs. 182 crores with a 22% y-o-y growth. RoA at 7.77%, one of the best in the industry. RoE at 18.30% is making steady progress, up by 130 bps y-o-y
Borrowings further diversified – Additional funding through issuance of NCDs (Non-convertible Debentures) to MFs (Mutual Funds).
Commenting on the results, P. Balaji, Managing Director, said, “We are happy to share that Aptus achieved strong results for the second quarter of FY25. The Company posted a 22% y-o-y increase in net profit at Rs. 182 crores in the second quarter of FY25 supported by business growth, stable asset quality and continuous focus on higher productivity. We sustained consistent growth and achieved an AUM growth of 27% y-o-y supported by an addition of 24 branches over June 2024, both in existing states and new states of Odisha and Maharashtra.”
“Our Opex for the quarter was at 2.65%. We will remain a productivity-focused organization and will continue to achieve the lowest cost-to-asset and cost-to-income ratios in the affordable housing finance sector. Digital adoption remains robust and is a key area of focus as we continue to grow. Our digital infrastructure for seamless omnichannel lead generation has remained strong, contributing approximately 20% of our business through leads generated from our customer referral app, eco-partners app, and social media channels. As of Sep’24, 99% of our customers are registered on our mobile application. During the period, the Company achieved 83% adoption rate for digital agreements. Also, our digital collections improved to 98% and account aggregator penetration increased to 43% during the period.”
