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Aptus Value Housing Finance India reported a 19 per cent year-on-year increase in net profit for the first quarter of FY27, supported by higher interest income, strong loan disbursements and continued growth in its loan book. The company's Assets Under Management (AUM) expanded by 21 per cent, while total income also recorded healthy growth. At the same time, asset quality remained stable overall despite a marginal increase in gross and net non-performing assets. The company said its strategy of focusing on higher-quality borrowers has continued to support business growth.
Aptus Value Housing Finance India Ltd reported a 19 per cent year-on-year increase in its consolidated net profit to INR 261 crore for the first quarter of FY27, compared with INR 219 crore in the corresponding period of the previous financial year.
According to the company's regulatory filing, total income during the quarter increased to INR 611 crore from INR 530 crore a year earlier. Interest income also witnessed steady growth, rising to INR 529 crore from INR 470 crore in the corresponding quarter of the previous financial year.
The company's total expenses increased to INR 282 crore during the quarter under review, compared with INR 245 crore in the same period last year, reflecting higher business activity and loan growth.
Aptus Value Housing Finance continued to expand its lending portfolio during the quarter. Its Assets Under Management (AUM) grew 21 per cent year-on-year to INR 13,648 crore, up from INR 11,267 crore recorded at the end of the first quarter of the previous financial year. The growth was supported by healthy loan disbursements as the company sanctioned loans worth INR 1,053 crore during the quarter.
On the asset quality front, the housing finance company reported a marginal increase in stressed assets. Gross Non-Performing Assets (NPAs) stood at 1.7 per cent of total advances, compared with 1.5 per cent in the corresponding quarter a year earlier. Net NPAs also increased slightly to 1.3 per cent from 1.1 per cent during the same period.
Commenting on the quarterly performance, Managing Director P Balaji said the company's AUM grew by 21 per cent to INR 13,648 crore, supported by strong disbursements of INR 1,053 crore, indicating healthy business growth. He further stated that the company's decision taken last year to stop sanctioning home loans below INR 7 lakh, as part of its strategy to onboard higher-quality customers, has started delivering encouraging results.
Aptus Value Housing Finance primarily focuses on providing housing finance to self-employed and low-to-middle-income customers, particularly in semi-urban and rural markets. The company has consistently expanded its presence across southern India while gradually strengthening operations in other regions through its branch network.
Source PTI
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