Aptus Value Housing Finance India Limited — PPTs, 06-05-2025: Investor Presentation

1. Financial Highlights:

Aptus Value Housing Finance reported total income of ₹1,799 Cr, up 28% YoY, with profit after tax rising 23% to ₹751 Cr. NIM remained stable at 12.96%, and operating expenses were well-managed at 2.63%. The loan book grew 25% YoY to ₹10,865 Cr, supported by ₹3,604 Cr in disbursements (up 15%). Asset quality stayed strong with gross NPA at 1.19% and net NPA at 0.89%, alongside an 86% provision coverage ratio. Return on equity improved to 18.8%, while return on assets was 7.73%. The net worth was ₹4,316 Cr, and borrowings stood at ₹6,873 Cr. Liquidity remained comfortable with ₹477 Cr cash and ₹678 Cr in unutilized bank credit lines.

2. Strategic Initiatives & Growth Drivers:

Expansion continued with 38 new branches added, totaling 300 across six states and one UT, including Maharashtra and Odisha. Aptus leverages a mobile-first, fully digital loan origination system powered by AI/ML for credit scoring, targeting first-time homebuyers and self-employed borrowers in semi-urban areas. The scalable technology and smooth digital onboarding drive operational efficiency and faster credit decisions.

3. Business Developments:

The company secured a Corporate Agency license and enhanced the PMAY-V_2.0 scheme rollout to boost growth. Strengthening of middle management across business and support functions is ongoing, particularly in IT, credit, legal, and collections. Digital tools like the Bandhu App, online KYC, e-signature, and e-mandate adoption are improving customer engagement and sourcing capabilities.

4. Market Position & Competitive Advantage:

Aptus commands leadership in the under-penetrated niche of affordable housing focused on low-income and self-employed clients. It boasts a granular, predominantly secured loan portfolio with diversified offerings including small business loans. The tech-driven underwriting, fully in-house operations, and strong asset quality provide scale, risk mitigation, and pricing leverage advantages.

5. Investor Implications:

The company shows positive growth potential fueled by digital transformation, geographic expansion, and robust profitability. Strong capital adequacy (CRAR at 70%) supports sustained scaling, while consistent asset quality and cost controls reinforce stability. Investors should watch execution risk in newer markets and credit conditions, but overall, Aptus presents a solid case for steady value creation in affordable housing finance.