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Aptus Value Housing Finance India Limited reported strong consolidated financial performance for the quarter and nine months ended December 31, 2024.
Total revenue from operations reached ₹45,004.51 crore, up from ₹35,142.02 crore a year ago, reflecting a robust year-on-year growth of 27.97%, driven by increased demand in housing finance and higher interest income. Other income contributed an additional ₹1,463.67 crore, bringing total income to ₹46,468.18 crore.
Net profit for the period stood at ₹19,050.49 crore, compared to ₹15,758.71 crore in the same quarter last year, representing an increase of 20.76%. This translates to an earnings per share (EPS) of ₹3.82, enhanced by effective cost management strategies amid rising operational costs.
Total expenses were ₹21,914.92 crore, an increase from ₹15,750.43 crore, largely due to higher finance costs that surged to ₹14,291.33 crore from ₹9,845.27 crore, indicating rising borrowing costs. Employee benefits also remained significant at ₹4,346.09 crore, consistent with the company’s growth trajectory.
The balance sheet remains healthy, with a debt-to-equity ratio of 1.34, underscoring manageable leverage levels. The outlook appears positive, with efforts on cost control and market expansion likely continuing to bolster the company's financial stability.
Given these metrics, a 'buy' insight is warranted, highlighting strong financial momentum and strategic positioning within the housing finance sector despite increasing costs.
All announcements from Aptus Value Housing Finance India Limited