Aptus Value Housing Finance Q4 Results: Net profit jumps 21% YoY to Rs 164 crore

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Aptus Value Housing Finance India on Friday reported a 21% year-on-year rise in March quarter net profit to Rs 164 crore against Rs 135 crore reported in the year-ago period, backed by healthy business expansion.

The net profit was Rs 612 crore for FY24, reflecting 22% growth over the preceding fiscal.


Its interest rate spread, however, fell 8.71% for the quarter against 8.9% in the year-ago period.

The lender's assets under management expanded 29% year-on-year to Rs 8722 crore, while gross non-performing assets ratio improved a bit to 1.07% at the end of March from 1.15% a year back.


The company board proposed an interim dividend of Rs 2.50 per equity share of face value of Rs 2 each for FY24. It has fixed May 15 as the record date for the purpose of payment of interim dividend. "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,” managing director P Balaji was quoted as saying in a statement issued by the company.
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