Aptus Value Housing Finance India has had a great start to the year! In the fourth quarter, they earned a net profit of Rs 207 crore, which is a 26% increase compared to Rs 164 crore from the same time last year. This growth comes from expanding their business.
Their earnings from operations also grew by 29%, reaching Rs 484 crore compared to Rs 374 crore the year before.
The company’s assets under management increased by 25%, hitting Rs 10,865 crore by the end of March. However, there was a small rise in bad loans, with the gross non-performing assets (NPAs) ratio going up to 1.19% from 1.07% a year ago. The managing director, P Balaji, explained that this increase in NPAs is mainly due to overall economic conditions and some seasonal influences.
The company’s board has decided to give shareholders a second interim dividend of Rs 2.50 for each share with a face value of Rs 2 for the financial year 2024-25.
Aptus focuses on providing home loans, loans against property, and business loans aimed at helping low and middle-income families.
Aptus Value Housing Finance: 26% Q4 Profit Rise & Dividend Announcement!
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