Aptus Value Housing Finance India (APTUS) Q2 25/26 earnings summary

Executive summary

• Targeting INR 25,000 crore AUM in the medium term, with a focus on sustaining 25%+ growth through branch expansion, digital enablement, and operational excellence.

• Achieved 22% YoY AUM growth to ₹11,767 Cr and 24% YoY PAT growth to ₹227 Cr in Q2 FY26, with disbursements up 24% QoQ to ₹963 Cr.

• Expanded to 321 branches, adding 20 new locations, focusing on Maharashtra, Odisha, and under-penetrated areas.

• Maintained strong asset quality with GNPA at 1.55% and NNPA at 1.17%, despite a marginal rise in delinquencies.

• Digital adoption exceeded 90% for agreements and 95% for collections.

Financial highlights

• Q2 FY26 revenue from operations: ₹54,404.03 lakhs, up from ₹46,953.41 lakhs in Q1 FY26 and ₹40,517.59 lakhs in Q2 FY25.

• Q2 disbursements grew 24% QoQ to INR 963 crore; H1 disbursements up 8% YoY.

• Q2 FY26 net profit: ₹22,654.89 lakhs, up from ₹21,925.15 lakhs in Q1 FY26 and ₹18,196.91 lakhs in Q2 FY25.

• H1 FY26 PAT grew 26% YoY to ₹446 Cr; PPOP up 30% YoY to ₹608 Cr.

• ROA at 7.9% and ROE at 20%, among the best in the industry.

Outlook and guidance

• Confident of achieving 25% AUM growth, supported by new branches, stabilized digital systems, and improved sales adaptation to higher ticket sizes.

• Continued focus on expanding in new and under-penetrated markets, leveraging technology for efficiency and risk management.

• October trends indicate continued strong growth into Q3.

• No significant concerns about portfolio runoff or balance transfer rates impacting growth.