Aptus Value Housing Finance India (APTUS) Q4 22/23 earnings summary

Executive summary

• FY23 delivered 46% disbursement growth to ₹2,394 crore, AUM growth of over 30% to ₹6,738 crore and consolidated PAT growth of 36% to ₹503 crore.

• Collection efficiency exceeded 100%; ROA was 8.44% and ROE 16.34%, while the network expanded to 231 branches across five states.

Financial highlights

• Consolidated gross income was ₹1,129 crore, up 34% YoY; PBT was ₹654 crore, up 36%, and PAT was ₹503 crore, up 36%.

• Consolidated revenue from operations reached ₹1,093 crore versus ₹815 crore in FY22; consolidated total income was ₹1,129 crore versus ₹840 crore.

• AUM rose 30% to ₹6,738 crore; loan sanctions increased to ₹2,580 crore from ₹1,799 crore, while disbursements grew 46% to ₹2,394 crore.

• Net worth was ₹3,339 crore at March 2023; disbursements benefited over 32,300 families and live customers exceeded 107,000, up 28% YoY.

Outlook and guidance

• Strategy centers on growing the loan book, improving customer experience, deepening existing markets and expanding selectively into new geographies; no quantified FY24 financial guidance was stated.

• Expansion plans include deeper coverage in operating markets and new branches in Maharashtra; Odisha operations had commenced during FY23.

• FY24 strategic priorities include customer referrals, digital workflow expansion, a low-opex model, productivity and prudent asset-liability management.