Aptus Value Housing Finance Q2 Results Review - Ahead Of Estimates; Outlook Remains Positive: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Aptus Value Housing Finance Ltd.'s Q2 FY25 earnings came in ahead of our estimates aided by higher-than expected other income and lower opex, even as credit cost was higher. Net interest income came in-line with our estimates at Rs 2.8 billion registering a growth of 21% YoY (6% QoQ). Strong growth in other income (53% YoY / 29% QoQ) was led by fee income (~48% of other income), which grew 83% YoY and 21% QoQ. Thus, operating profit/PAT came in higher at Rs 2.5 billion/ 1.8 billion (versus estimates of Rs 2.3 billion / 1.7 billion) registered a growth of 26% YoY (9% QoQ)/23% YoY (6% QoQ). Credit cost was higher at 41 bps (+24bps QoQ) due to higher provisions made as a conservative measure. Yields as well as the cost of borrowing were steady QoQ at 17.4% and 8.7% respectively. Net interest margins inched up by 9 bps QoQ to 11.8%. AUM growth was healthy at 27% YoY / 7% QoQ led by pick up in disbursements (26% YoY / 39% QoQ). Asset quality was steady with GS3/NS3 at 1.3%/0.9%. Management have reiterated their growth guidance and steady trend in asset quality. We estimate a 29% CAGR in AUM to deliver 26% CAGR in earnings over FY24‐26E resulting in RoA / RoE of 7% / 21% in FY26E..Click on the attachment to read the full report:.Swiggy IPO - 'Subscribe For Long-Term', Says Anand Rathi, Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aptus Value Housing Finance Q2 Results Review - Ahead Of Estimates; Outlook Remains Positive: Systematix

Management have reiterated their growth guidance and steady trend in asset quality, says the brokerage.

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Aptus Value Housing Finance Q2 Results Review - Ahead Of Estimates; Outlook Remains Positive: Systematix

Management have reiterated their growth guidance and steady trend in asset quality, says the brokerage.

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