May 5, 2023: Housing finance company Aptus Value on May 5, 2023, announced its financial results for the year ended March 31, 2023. The company’s disbursements increased by 46% YoY, from Rs 1,641 crore in FY22 to Rs 2,395 crore in FY23. Its assets under management (AUM) grew from Rs 5,180 crore to Rs 6,738 crore, showing an increase of 30% YoY. At the end of FY23, the company was capitalised with a net worth of Rs 3,300 crore. During the financial year, Aptus Value recorded profit after tax (PAT) of Rs 503 crore, up by 36% YoY.
Aptus Value’s over 30 DPD, which was at 9.91% as at the end of FY22, has come down to 5.90%. The company’s gross NPA stood at 1.15% and net NPA at 0.86%. The return on assets (ROA) increased by 44 basis points (bps) from 8% in FY22 to 8.44% in FY23. Additionally, its return on equity (ROE) rose by 189 bps from 14.45% to 16.34%. The company declared a dividend of Rs 4 per share with the face value of Rs 2 per share. Aptus Value carried out diversified borrowings from National Housing Bank, development finance institutions like IFC, large financial institutions and banks.
Aptus Value executive chairman M Anandan said, ““As on March 31, 2023, we have maintained sufficient on balance sheet liquidity of over Rs 511 crore without including undrawn sanctions of Rs 625 crore from National Housing Bank/banks. With a strong capital base and prudent borrowing practices, we have positive ALM across tenors.”
“The business in these 12 months geared up for strong growth in disbursements and collection efficiencies have come back to pre covid levels with considerable improvement in soft buckets,” he added.
