Aptus Value Housing Finance India (APTUS) Q3 25/26 earnings summary

Executive summary

• Achieved 21% year-over-year AUM growth to INR 12,330 crores in Q3 FY26, with disbursements up 11% to INR 1,030 crores and network expansion to 335 branches across 7 states and UTs.

• Net profit for Q3 FY26 rose 26% year-over-year to INR 239 crores, with 9M FY26 net profit at INR 685 crores, also up 26% year-over-year.

• Asset quality remained stable with GNPA at 1.56% and NNPA at 1.18% in Q3 FY26; collection efficiency above 99%.

• Technology adoption is high, with over 92% of agreements and 94% of collections processed digitally.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved, with a limited review and unmodified opinion from statutory auditors.

Financial highlights

• Net Interest Income rose 26% year-over-year to INR 406 crores in Q3 FY26; total income for 9M FY26 grew 27% to INR 1,652 crores.

• Operating profit for 9M FY26 up 28% to INR 933 crores; NIM at 13.4% and spread improved to 8.9% due to lower cost of funds.

• ROA at 7.9% and ROE at 20.2% for Q3 FY26; opex ratio stable at 2.7%.

• Consolidated net profit for Q3 FY26 was INR 23,618.86 lakhs, up from INR 19,050.49 lakhs in Q3 FY25; nine-month net profit was INR 68,198.90 lakhs, up from INR 54,422.08 lakhs year-over-year.

• Basic and diluted EPS for the nine months ended December 31, 2025, were INR 10.32 (standalone) and INR 13.64 (consolidated).

Outlook and guidance

• AUM growth for FY26 expected at 20-21%, with sustainable growth of 22-24% targeted in the medium term.

• Branch expansion planned: 40 new branches in FY26, 60-70 in the next year, focusing on new states and high-growth markets.

• Credit cost guidance maintained at 0.5%; company continues to monitor regulatory changes, including new labour codes.

• Growth initiatives include increasing average ticket size, optimizing lending rates, and digital process improvements.