May 3, 2024: Aptus Value Housing Finance India has declared its financial results for the year ended March 31, 2024.
It recorded assets under management (AUM) at Rs 8,722 crore showing a 29% y-o-y growth.
As per the statement, the company witnessed a robust disbursement of Rs 3,127 crore for FY24, marking a 31% Y-o-Y increase. The profit after tax (PAT) at Rs 612 crore for FY24 showed a growth of 22% YoY. The RoA was at 8% and the RoE was at 17.25%.
P Balaji, managing director, said, “I am delighted to announce that FY24 has proven to be a good year for Aptus, marked by significant accomplishments and strong growth. During FY24, we expanded our presence by opening 31 branches, thereby strengthening our network to 262 branches, assuring services to our 1, 33, 000 +customers.”
He added that as on March 31, 2024, we have maintained a sufficient liquidity of Rs 1,022 crore including undrawn sanctions of Rs 620 crore from various banks. The company is well capitalised with a net worth of over Rs 3,700 crore.
“Going forward, we will continue to prioritise responsible lending and risk management, ensure sustainable growth and asset quality, focus on expanding and retaining customer base both in existing and new geographies and building a strong workforce to further strengthen our position as a leading affordable housing finance company in the country,” said Balaji.
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