Aptus Value Housing Finance India Limited
Chennai: August 6th, 2022: Aptus Value Housing Finance India Ltd, a leading Housing Finance Company in South India has declared its financial results for the quarter ended June 30, 2022.
Key Performance Metrics for Q1 FY 23
(*) – As per RBI circular dated 12 Nov 2021
Performance Highlights
· Return on Assets (ROA) is at 8.88%
· Return on Equity (ROE) is at 15.89%
· Networth of over Rs.3,000 crores
· Diversified borrowings – from NHB, DFIs like IFC, large financial institutions, and banks
· Network of 211 branches as of June 30, 2022
Commenting on the results, Mr. M Anandan, Chairman & Managing Director, Aptus Value Housing Finance India Limited, said,
“During Q1FY23, we disbursed Rs. 525 crores registering a growth of 113% year on year. We have built a strong branch network of 211 branches to deliver quality service to our
customers. The Company is well capitalized with a net worth of over Rs. 3000 crores. As of June 30, 2022, we have maintained a sufficient balance sheet liquidity of over Rs. 1300 crores including undrawn sanctions in the form of cash and cash equivalents. With a strong capital base and prudent borrowing practices, we have positive ALM across tenors.
The business in this quarter 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 6.48% though GNPAs have risen marginally. Gross NPA was at 1.75% as of June 30, 2022.
We continued to grow consistently and delivered an AUM growth of 30% Year on Year. PAT has grown at 62% and our ROA and ROE are one of the best in the Industry.
Our rating was upgraded to AA- from A+ by CARE during the quarter. ICRA has maintained our rating at AA-.
