Aptus Value Housing Finance India (APTUS) Q4 20/21 earnings summary

Executive summary

• FY21 AUM reached ₹4,068 crore, up 28% YoY; PAT was ₹267 crore, with GNPA at 0.68% despite COVID-related disruption.

• Served 65,683 customers through 190 branches across four states; disbursed ₹1,298 crore, benefiting more than 20,000 families.

• Focus remains on calibrated, sustainable growth in low- and middle-income housing finance, with asset quality and a diversified funding base prioritized.

Financial highlights

• Consolidated operating income ₹636.61 crore vs ₹499.73 crore; gross income ₹655.24 crore vs ₹523.13 crore, up 25% YoY.

• Consolidated PBT ₹345.09 crore vs ₹247.29 crore; PAT ₹266.94 crore vs ₹190.22 crore, up 40% excluding FY20's ₹20.79 crore one-time deferred-tax reversal.

• Consolidated total income ₹655.24 crore vs ₹523.13 crore; finance costs ₹206.53 crore vs ₹184.55 crore; impairment expense ₹5.82 crore vs ₹2.84 crore.

• Consolidated basic/diluted EPS ₹5.56/₹5.55 vs ₹4.77/₹4.74; EPS reflects the subsequent 5-for-1 share split.

Outlook and guidance

• Targeting calibrated, sustainable expansion with continued emphasis on asset quality, collections, risk underwriting and customer service.

• Plans deeper penetration in existing markets and contiguous branch expansion into Maharashtra, Odisha and Chhattisgarh.

• IPO proceeds from a proposed fresh issue of up to ₹500 crore intended to augment Tier I capital; offer also includes sale of up to 6,45,90,695 shares, subject to market conditions and approvals.