Aptus Value Housing Finance India (APTUS) Q1 24/25 earnings summary

Executive summary

• Achieved strong Q1 FY25 performance with 27% AUM growth to ₹9,072 crore, 21% PAT growth to ₹172 crore, and robust business expansion, supported by stable asset quality and diversified income streams.

• Net worth stands at over ₹3,800 crore, reflecting robust capital adequacy and strong support from NHB, banks, and FDIs.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

• Significant headroom for growth in Tier 2, 3, and 4 cities, driven by low mortgage penetration and government initiatives.

• Re-appointment of Mr. M. Anandan as Executive Chairman for three years from December 24, 2024, subject to shareholder approval.

Financial highlights

• AUM grew 27% year-on-year to ₹9,072 crore; disbursements increased 4% year-on-year to ₹675 crore.

• PAT at ₹172 crore, up 21% year-on-year; ROE for the quarter at 18.13%.

• Total income for Q1 FY25 was ₹405 crore, up from ₹297 crore in Q1 FY24.

• Standalone net profit for Q1 FY25: ₹12,726.55 lakhs, up from ₹11,892.09 lakhs in Q1 FY24; consolidated net profit: ₹17,174.68 lakhs, up from ₹14,225.64 lakhs.

• NIM at 12.8%; OpEx to assets at 2.67%.

Outlook and guidance

• Confident of achieving ₹1,000 crore disbursement in Q2 FY25, with July showing 27%-28% growth over July 2023.

• Maintaining overall disbursement growth guidance of 30% for FY25, with Tamil Nadu targeted at 20%.

• Plans for deeper penetration in existing markets and contiguous expansion into Maharashtra and Odisha.

• 25-40 new branches planned for FY25, with expansion in Odisha, Maharashtra, Karnataka, and Telangana.

• Expecting NIM compression of 0.1%-0.15% due to rising cost of funds; credit cost guidance for FY25 at 0.3%-0.35%.