Aptus Value Housing Finance India (APTUS) Q3 25/26 earnings summary

Executive summary

• Achieved 21% year-on-year AUM growth to INR 12,330 crores in Q3 FY26, with disbursements up 11% to INR 1,030 crores and network expansion to 335 branches across 7 states and UTs.

• Net profit for Q3 FY26 rose 26% year-on-year to INR 239 crores, with 9M FY26 net profit at INR 685 crores, also up 26% year-on-year.

• Asset quality remained stable with GNPA at 1.56% and NNPA at 1.18% in Q3 FY26; collection efficiency above 99%.

• Technology adoption is high, with over 92% of agreements and 94% of collections processed digitally.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved, with a limited review and unmodified opinion from statutory auditors.

Financial highlights

• Net Interest Income rose 26% year-on-year to INR 406 crores in Q3; total income for 9M FY26 grew 27% year-on-year to INR 1,652 crores.

• Net profit for the quarter increased 26% year-on-year to INR 239 crores; 9-month profit up 26% to INR 685 crores.

• Net interest margin (NIM) for 9M FY26 at 13.4%; spread improved to 8.9% as cost of funds declined to 8.3%.

• ROA and ROE for the quarter at 7.9% and 20.2%, respectively.

• Opex to AUM stable at 2.7% for 9M FY26.

Outlook and guidance

• Sustainable AUM growth of 22%-24% expected, with FY26 guidance at 20-21%, driven by new branches, higher ticket size, and channel augmentation.

• Credit cost guidance maintained at 0.5% going forward.

• Targeting 60-70 new branches in the next financial year, focusing on new states and high-growth markets.

• INR 25,000 crore AUM target by FY 2029 may be delayed by one or two quarters due to portfolio adjustments.

• The company continues to monitor regulatory changes, including the implementation of new labour codes, and will adjust accounting treatment as needed.