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Aptus Value Housing Finance’s H1 FY22 Profit after tax (PAT) grew by 30 % Y-o-Y

Chennai: October 29th, 2021: Aptus Value Housing Finance India Ltd, a leading Housing Finance company in South India has declared its financial results for the quarter and half year ended on 30th September, 2021.

  • AUM of Rs. 4,481 crores; growth of 27% Y-o-Y
  • PAT at Rs. 159 crores; growth of 30% Y-o-Y
  • ROA at 7.43% – increase by 0.29 bps Y-o-Y
  • Gross NPA at 0.81% – increased by 0.14 bps Y-o-Y
  • Sufficient on balance sheet liquidity of Rs.736 crores
  • Positive ALM and Strong Capital Base

Key Performance Metrics for H1 FY22

Commenting on the results, Mr. M Anandan, Chairman & Managing Director, Aptus Value Housing Finance India Limited, said, “While business activity was impacted in Q1 FY 22 due to the second wave of Corona, things returned back to normalcy towards the end of Q1 and more so in the Q2 FY 22.

This is reflected in our overall performance be it disbursements and collections which are crucial to any Housing Finance Company. In Q2 FY 22, we were almost at pre covid levels both in terms of disbursements and collection efficiencies. During H1 FY22, we disbursed Rs. 638 crores registering a growth of 30% year on year. We have built a strong branch network of 198 branches to deliver quality service to our customers.

The Company is well capitalised with a net worth of over Rs.2700 crores. As on September 30, 2021, we have maintained a sufficient on balance sheet liquidity of Rs. 736 crores 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 30% and our ROA was at 7.43% which is one of the best in the Industry. Gross NPAs were at 0.81% as on 30 Sep 2021.

Further in the month of August 2021, we became a public listed company and the shares are listed on both NSE and BSE.

The Company expects a better Q3 which coincides with the festival 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 198 branches catering to 72,969 active live accounts in Tamil Nadu (including the Union Territory of Puducherry), Andhra Pradesh, Karnataka, and Telangana.
Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Aptus Value Housing Finance India Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

This news was shared to Prittle Prattle News via press release.

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