Aptus Value Housing Finance India (APTUS) Q2 26/27 earnings summary

Executive summary

• H1 FY27 consolidated AUM reached ₹14,177 crore (+20% YoY), disbursements were ₹2,206 crore (+27%) and PAT was ₹528.32 crore (+19%).

• Q2 FY27 disbursements rose 20% YoY to ₹1,153 crore; consolidated PAT increased 18% to ₹267.38 crore.

• Operations served 1.99 lakh customers through 397 branches; H1 expansion added 58 branches, including locations in Maharashtra and Odisha.

• Q2 and H1 FY27 unaudited standalone and consolidated results received unmodified limited-review conclusions; subsidiary results in the consolidated review were reviewed by another auditor.

Financial highlights

• Consolidated Q2 revenue from operations was ₹62,358.03 lakh, PBT ₹34,029.49 lakh, PAT ₹26,738.30 lakh and basic EPS ₹5.34.

• Consolidated H1 revenue was ₹1,22,386.58 lakh and PAT ₹52,832.40 lakh, versus ₹1,06,430.07 lakh and ₹44,580.04 lakh in H1 FY26.

• Standalone Q2 revenue was ₹42,407.97 lakh, PBT ₹25,387.86 lakh and PAT ₹20,071.91 lakh; standalone H1 revenue was ₹84,191.98 lakh and PAT ₹39,344.19 lakh.

• H1 FY27 consolidated PPOP was ₹715 crore (+17% YoY); net worth was ₹5,467 crore (+17%).

• Q2 spread was 8.9%, yield 17.0% and cost of borrowings 8.1%; operating expenses were 2.8% of average AUM.

Outlook and guidance

• FY27 AUM growth guidance remains 22%; Q3 growth may moderate due to weather interruptions and tighter NBFC underwriting, with management expecting a Q4 catch-up.

• Consolidated FY27 credit cost guidance increased by 5–10 bps due to elevated NBFC overdues; profitability and operating-efficiency guidance remained unchanged.

• Full-year branch addition target remains ~70; branch plans include underserved pockets of Telangana and Andhra Pradesh and contiguous expansion in Maharashtra and Odisha.

• Growth priorities include home loans, small-business loans, higher average ticket sizes and deeper penetration in existing markets; strategy emphasizes productivity, cost control and diversified funding.