Aptus Value Housing Finance India (APTUS) Q2 24/25 earnings summary

Executive summary

• Achieved 27% year-over-year AUM growth to INR 9,679 crores as of September 2024, with disbursements and PAT up 22% over H1 FY24, driven by robust demand in Tier 2–4 cities and government support for housing finance.

• Maintained strong profitability with ROE at 18.3% and ROA at 7.77% for H1 FY25, supported by diversified income streams and robust capital adequacy.

• Expanded branch network to 291, with deeper penetration in existing markets and new branches in Maharashtra and Odisha.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2024; interim dividend of ₹2 per equity share declared for FY 2024-25.

• CARE upgraded credit rating to 'AA-; Positive' and received industry awards for best NBFC performance.

Financial highlights

• AUM grew 27% year-over-year to INR 9,679 crores; disbursements up 16% YoY; PAT up 22% over H1 FY24.

• Standalone Q2 FY25 total income: ₹32,295.19 lakhs; H1 FY25: ₹62,938.48 lakhs; consolidated Q2 FY25 net profit: ₹18,196.91 lakhs; H1 FY25: ₹35,371.59 lakhs.

• NIM at 13.02%; cost to assets at 2.65%; yield at 17.36%; cost of borrowings at 8.68%.

• Opened 24 new branches in Q2 and 29 in H1, totaling 291 branches and 145,000 live customers (27% YoY growth).

• Basic EPS for H1 FY25: Standalone ₹5.29, Consolidated ₹7.09.

Outlook and guidance

• Targeting 30% AUM growth for at least the next three years, with plans to add 40 branches in FY25.

• Confident in maintaining current spreads (~8.7%) and NIM, with disbursement guidance of up to INR 4,000 crores for FY25.

• Focus on continued growth in home loans and small business loans, with deeper market penetration and expansion into new geographies.

• Emphasis on productivity, credit cost management, and further improvement in credit ratings and funding diversification.

• No explicit forward-looking guidance provided in statutory filings; continued focus on core housing finance business and regulatory compliance.