Aptus Value Housing Finance India (APTUS) Q3 24/25 earnings summary

Executive summary

• Achieved 27% YoY AUM growth to INR 10,226 crore and 22% PAT growth to INR 544 crore for 9M FY25, with strong disbursements and robust asset quality.

• Surpassed INR 10,000 crore loan book, customer base exceeded 150,000, and branch network reached 300 as of December 2024.

• Maintained industry-leading profitability with ROE at 18.54% and ROA at 7.7% for 9M FY25.

• Continued digital transformation with 99% digital onboarding and 97% digital collections.

• Unaudited standalone and consolidated financial results for Q3 and 9M FY25 were approved, with a limited review and unmodified opinion from statutory auditors.

Financial highlights

• AUM grew 27% YoY to INR 10,226 crore; disbursements up 21% YoY to INR 930 crore for the quarter and 18% YoY to INR 2,540 crore for 9M FY25.

• Standalone net profit for Q3 FY25 was ₹14,175.20 lakhs; nine-month net profit was ₹40,580.88 lakhs; consolidated net profit for Q3 FY25 was ₹19,050.49 lakhs; nine-month net profit was ₹54,422.08 lakhs.

• NIM at 12.94%; OpEx to assets at 2.61% for 9M FY25.

• Gross NPA at 1.28%, net NPA at 0.96% as of December 2024; provision coverage ratio at 25%.

• Yield on advances at 17.38% and cost of borrowings at 8.70% for Q3 FY25, maintaining a spread of 8.68%.

Outlook and guidance

• Targeting loan book of INR 25,000 crore by FY 2028, with annual AUM growth guidance of 30%.

• Disbursement growth expected at 25%-27% for FY 2026; cost to assets ratio to be maintained around 2.7%; credit cost guidance at 0.35%-0.4%.

• Focus on continued growth in home and small business loans, leveraging digital platforms and data analytics for enhanced underwriting and collections.

• Emphasis on productivity, credit cost control, and maintaining best-in-class ROE.

• Continued focus on housing finance and regulatory compliance.