Aptus Value Housing Finance

Aptus rallies 11% on hopes of stable asset quality, healthy profitability

Till 11:55 am; as many as 12.31 million equity shares representing 2.5 per cent of total equity of Aptus Value changed hands on the NSE, the exchange data shows.

Board of Aptus Value Housing gives nod to issue NCDs up to Rs 2,250 cr

The Board of housing finance company Aptus Value has approved the issuance of Non-Convertible Debentures up to Rs 2,250 crore, the Chennai-based company said on Saturday. Aptus Value Housing Finance India Ltd recorded a 22 per cent hike in its profit after tax for the year ending March 31, 2024, at Rs 612 crore as compared to Rs 503 crore registered in the same period of last year. Disbursements made during the financial year ending March 31, 2024, grew by 31 percent to Rs 3,127 crore as compared to Rs 2,395 crore, made during the same period of last year. In a BSE filing on Saturday, the company said, "The Board has considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 2,250 crore through private placements, in one or more tranches or series (subject to the approval of shareholders) from time to time". Aptus Value Housing Finance India Ltd currently has a network of 262 branches with over 1.33 lakh active accounts in Tamil Nadu, Puducherry,

Aptus Housing Finance Q4 results: Net profit increases 21% to 164 cr

Housing finance company Aptus Value has recorded a 21 percent hike in its profit after tax for the quarter ending March 31, 2024 at Rs 164 crore. The city-based firm had registered a PAT of Rs 135 crore during the same period last year. For the year ending March 31, 2024, the profit after tax went up by 22 per cent to Rs 612 crore, from Rs 503 crore registered during the same period of last year. Commenting on the financial performance, Aptus Value Housing Finance India Ltd., Managing Director P Balaji said, "I am delighted to announce that FY24 has proven to be a good year for Aptus, marked by significant accomplishments and strong growth. During FY24, we expanded our presence by opening 31 branches, thereby strengthening our network to 262 branches." Total disbursements made during the quarter under review went up by 45 per cent to Rs 968 crore, from Rs 668 crore registered during the corresponding quarter of last year. For the financial year ending March 31, 2024, the disburseme

Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 cr

Peak XV Partners (formerly Sequoia Capital India & SEA) on Friday divested a 1.5 per cent stake in Aptus Value Housing Finance India for over Rs 213 crore through open market transactions. Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange (NSE). According to the block deal data available with the NSE, Peak XV Partners Investments VI offloaded 74,35,937 shares, amounting to a 1.5 per cent stake in Aptus Value Housing Finance India. These shares were sold at an average price of Rs 287 apiece, taking the transaction value to Rs 213.41 crore. After the transaction, Peak XV Partners shareholding in the company has declined to 1.11 per cent from 2.61 per cent. Meanwhile, SBI Mutual Fund picked up 60 lakh shares and Blue Diamond Properties Pvt Ltd acquired more than 14.35 lakh shares, amounting to a 1.2 per cent and 0.3 per cent stake, respectively, in Aptus Value ..

Cholamandalam Investment, Aptus deny talks for merger after media reports

Chola says it 'has not expressed any interest either in the past or present in acquiring' Aptus Value

Aptus Value down 13% in 2 days as it denies merger talks with Cholamandalam

On Monday, the stock price of Aptus had zoomed 19 per cent on report that Cholamandalam Investment and Finance was looking to buy controlling stake in the company

Aptus Value Housing Finance reports standalone Q2 net at Rs 106.78 crore

Aptus Value Housing Finance India Ltd has reported standalone profit for the July-September quarter at Rs 106.78 crore, the company said on Wednesday. The company engaged in housing finance had registered standalone profit at Rs 69.13 crore during the corresponding quarter in the previous year. For the six-month period ending September 30, 2022, the standalone profit grew to Rs 208.71 crore from Rs 129.27 crore registered in the corresponding quarter last year, Aptus Value Housing Finance said in a company statement. Commenting on the financial performance, company Chairman and Managing Director M Anandan said, "During first half of financial year 2023, we disbursed Rs 1,129 crore registering a growth of 69 per cent year on year." The standalone total income during the quarter under review grew to Rs 236.98 crore, as against Rs 169.40 crore registered in the same period last year. For the half year ending September 30, the standalone total income surged to Rs 446.50 crore from Rs

Aptus Value Housing net profit rises 52% to Rs 242 crore in H1 FY23

Aptus Value Housing Finance India on Tuesday reported a 52 per cent jump in its net profit at Rs 242 crore for the first half ended September 2022 of the current fiscal. The company had posted a net profit of Rs 159 crore in the April-September period of the previous financial year. Total disbursements during H1 FY2022-23 jumped by 69 per cent to Rs 1,129 crore as against Rs 668 crore in the same period of 2021-22, Aptus Value Housing Finance said in a release. The assets under management grew by 33 per cent to Rs 5,932 crore at end of September 2022, from Rs 4,480 crore a year ago. On the assets front, the gross non-performing assets (NPAs/bad loans) were higher at 1.47 per cent against 0.81 per cent, up by 66 basis points. The company said the increase in gross NPAs was due to regulatory requirement by RBI as per its November 2021 circular. The net interest margin (NIM) stood at 14.32 per cent, Aptus said. Return on assets (ROA) was at 8.71 per cent and return on equity (ROE) s

Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock

The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.

Life may get tougher for mid, small size HFCs amid rising rates: Analysts

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

Aptus Value, ABFRL have broken out on charts; buy on dips: Mehul Kothari

Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs

Hsg finance co Aptus posts 31% rise in Q2 net, revenue up 27% to Rs 192 cr

During H1FY22, the company disbursed Rs 638 crore registering a growth of 30 per cent year-on-year

CarTrade, Aptus Value, Krsnaa Diagnostics, Rolex Rings hit new lows

CarTrade Tech shares hit a new low of Rs 1,365 on the BSE today, falling 16% from its issue price of Rs 1,618 per share.

MARKET INSIGHTS: Has the IPO dream run peaked?

BSE clarifies on Price Band rule; Sensex ends flat, SmallCap index down 1%

The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.

Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?

Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets

Aptus raises Rs 880 cr from Steadview Capital, Sequoia, Malabar Investments

In the past 10 years, Aptus has built a franchise in affordable housing finance with a loan book of over Rs 2,650 crore, which grew over 60 per cent in the past five years

Aptus Value Housing Finance raises Rs 270 cr funds

Around 60% of the equity is currently owned by private equity players