Aptus Value Housing Finance

Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value

On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

Aptus Value Housing Finance India Ltd has reported standalone profit for the July-September quarter at Rs 106.78 crore, the company said on Wednesday. The company engaged in housing finance had registered standalone profit at Rs 69.13 crore during the corresponding quarter in the previous year. For the six-month period ending September 30, 2022, the standalone profit grew to Rs 208.71 crore from Rs 129.27 crore registered in the corresponding quarter last year, Aptus Value Housing Finance said in a company statement. Commenting on the financial performance, company Chairman and Managing Director M Anandan said, "During first half of financial year 2023, we disbursed Rs 1,129 crore registering a growth of 69 per cent year on year." The standalone total income during the quarter under review grew to Rs 236.98 crore, as against Rs 169.40 crore registered in the same period last year. For the half year ending September 30, the standalone total income surged to Rs 446.50 crore from Rs

Aptus Value Housing Finance India on Tuesday reported a 52 per cent jump in its net profit at Rs 242 crore for the first half ended September 2022 of the current fiscal. The company had posted a net profit of Rs 159 crore in the April-September period of the previous financial year. Total disbursements during H1 FY2022-23 jumped by 69 per cent to Rs 1,129 crore as against Rs 668 crore in the same period of 2021-22, Aptus Value Housing Finance said in a release. The assets under management grew by 33 per cent to Rs 5,932 crore at end of September 2022, from Rs 4,480 crore a year ago. On the assets front, the gross non-performing assets (NPAs/bad loans) were higher at 1.47 per cent against 0.81 per cent, up by 66 basis points. The company said the increase in gross NPAs was due to regulatory requirement by RBI as per its November 2021 circular. The net interest margin (NIM) stood at 14.32 per cent, Aptus said. Return on assets (ROA) was at 8.71 per cent and return on equity (ROE) s

The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs

During H1FY22, the company disbursed Rs 638 crore registering a growth of 30 per cent year-on-year

CarTrade Tech shares hit a new low of Rs 1,365 on the BSE today, falling 16% from its issue price of Rs 1,618 per share.

The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.

Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets

In the past 10 years, Aptus has built a franchise in affordable housing finance with a loan book of over Rs 2,650 crore, which grew over 60 per cent in the past five years

Around 60% of the equity is currently owned by private equity players