Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Aptus Value Housing Finance India recorded a 20.89% increase in its net consolidated profit for the quarter ending December 31, 2024. The company reported a profit after tax of INR 190.50 crore in Q3 FY25, compared to INR 157.58 crore in the corresponding quarter of the previous financial year. Total income saw a 28.14% rise, reaching INR 464.68 crore. Additionally, the board approved the appointment of Anand Raghavan and Natarajan Ramasubramanian as independent directors for a five-year term starting January 31, 2025. The company reported a net worth of INR 3,609.93 crore and maintained strong liquidity of INR 1,000 crore, including undrawn sanctions of INR 570 crore.
Aptus Value Housing Finance India reported a 20.89% year-on-year increase in its net consolidated profit for the quarter ending December 31, 2024. The company?s profit after tax stood at INR 190.50 crore in Q3 FY25, compared to INR 157.58 crore in the same quarter of the previous financial year, as stated in its filing with the Bombay Stock Exchange (BSE). Advertisement
The company?s total consolidated income for Q3 FY25 amounted to INR 464.68 crore, marking a 28.14% rise from INR 362.64 crore recorded in the corresponding quarter of the previous year.
The board of directors approved the appointment of Anand Raghavan and Natarajan Ramasubramanian as additional independent directors for a tenure of five years, effective from January 31, 2025.
During the quarter, the company issued 32,500 secured, redeemable, rated, listed, non-convertible debentures (NCDs) with a face value of INR 1,00,000 each, aggregating to INR 32,500 lakh, through a private placement.
Managing Director P. Balaji stated that despite investments in new branches, Information Technology, and human resources, the company maintained its operating expenditure (Opex) at 2.61%. He mentioned that asset quality remained strong, with net credit costs reducing to 32 basis points from 38 basis points in the previous quarter. He attributed the marginal rise in non-performing assets (NPA) to macroeconomic factors and seasonal variations. He also expressed confidence in focusing on soft collections and NPAs in the upcoming quarter while maintaining a conservative credit cost guidance of 35 to 40 basis points.
As of December 31, 2024, the company?s net worth stood at INR 3,609.93 crore, with a debt-equity ratio of 1.34. The total debt to total assets ratio was 0.57, while the operating margin was 51.78% and the net profit margin was 41.96%. Gross NPAs were recorded at 1.20%, with net NPAs at 0.89%.
The company?s assets under management (AUM) stood at INR 10,226 crore, reflecting a 27% year-on-year growth. Return on Assets (RoA) was recorded at 7.70%, while Return on Equity (RoE) stood at 18.54% for the quarter.
Balaji further stated that the company diversified its borrowings by issuing non-convertible debentures worth INR 325 crore to mutual funds during Q3 FY25. As of December 31, 2024, the company maintained strong liquidity of approximately INR 1,000 crore, including undrawn sanctions of INR 570 crore. He emphasised that the company remains well-capitalised, with a net worth exceeding INR 4,108 crore.
Overall, Aptus Value Housing Finance India has demonstrated strong financial performance in Q3 FY25, with notable growth in net profit and total income. The company's strategic diversification in borrowings, issuance of NCDs, and appointment of independent directors indicate a focus on sustainable expansion. With a stable debt-equity ratio, strong liquidity, and continued investment in technology and human resources, the company remains well-positioned for future growth. The management?s emphasis on asset quality and soft collections is expected to reinforce financial stability in the coming quarters as well.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
