Chennai: January 28th, 2022: Aptus Value Housing Finance India Ltd, a leading Housing Finance Company in South India has declared its financial results for the quarter and 9 months ended on 31st December, 2021.
AUM of Rs. 4,805 crores; growth of 27% Y-o-Y
PAT at Rs. 260 crores; growth of 36% Y-o-Y
ROA at 7.82% – increase by 60 bps Y-o-Y
Gross NPA at 1.53% (1.11% without considering the impact of RBI circular dated 12 Nov 2021)
Net NPA at 1.16%
Sufficient on balance sheet liquidity of Rs. 835 crores including undrawn sanctions
Positive ALM and Strong Capital Base
Aptus Performance Highlights
Return on Assets (ROA) is at 7.82%
Return on Equity (ROE) is at 14.12%
Networth of over Rs. 2,800 crores
Diversified borrowings – from NHB, DFIs like IFC, large financial institutions and banks
Network of 202 branches as on 31st December 2021
Commenting on the results, Mr. M Anandan, Chairman & Managing Director,
Aptus Value Housing Finance India Limited, said,“During the 9 months FY 22, we disbursed Rs. 1,122 crores registering a growth of 25% year on year. We have built a strong branch network of 202 branches to deliver quality service to our customers. The Company is well capitalised with a net worth of over Rs. 2,800 crores. As on December 31, 2021, we have maintained a sufficient on balance sheet liquidity of
Rs. 835 crores including undrawn sanctions in the form of cash and cash equivalents.
We continued to grow consistently and delivered an AUM growth of 27% Year on Year. PAT has grown at 36% and our ROA was at 7.82% which is one of the best in the Industry. Gross NPA was at 1.53% as on 31 Dec 2021. Our GNPA without considering the impact of RBI circular was at 1.11%.
Our rating was upgraded to AA- from A+ by ICRA during the quarter.
The Company expects a better Q4 which coincides with the busy season and hopes to grow the business volumes in the quarters ahead.
About Aptus Value Housing Finance India Limited
Aptus Value Housing Finance India Limited is one of the largest housing finance companies in south India in terms of AUM. The company offers home loans for purchase and self-construction of residential property, home improvement, extension loans, loan against property and business loans, primarily to first time home buyers belonging to the low and middle-income groups. The company has a network of 202 branches catering to 77,896 active live accounts in Tamil Nadu (including the Union Territory of Puducherry), Andhra Pradesh, Karnataka, and Telangana.
This article was shared with Prittle Prattle News as a Press Release.
