Aptus Value Q1 Results Review - Temporary Blip In Growth, Asset Quality; Outlook Remain 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 India Ltd.'s Q1 FY25 operating performance was marginally below estimates with NI/ OP at Rs 2.9 billion/Rs 2.3 billion versus estimate of Rs 3.0 billion/ 2.4 billion, due to lower-than-expected assets under management growth, even as spreads remain stable at 8.7%. AUM growth moderated slightly to 27% YoY (versus exp. of 29%) due to sluggish growth in disbursements (4% YoY/ -30% QoQ), as the change in loan originating system software impacted disbursement for one month. Operating expenses increased 35% YoY as company is investing in branches and technology. While credit cost came down to 16 bps versus 45 bps in Q4 FY24, stage-III provision coverage ratio was maintained at 25%, resulting in in-line PAT. Asset quality deteriorated with gross stage-III/net stateg-III at 1.3%/1.0% versus 1.1%/0.8% in Q4 FY24 due to seasonality and election. However, management remains confident of strong growth and stable asset quality in FY25. We estimate a 29% CAGR in Aptus AUM to deliver 26% CAGR in earnings over FY24‐26E resulting in return on asset /return on equity of 7% / 21% in FY26.Click on the attachment to read the full report:.Titan Q1 Results Review - Multiple External Factors, Volatile Gold Prices Checks The Quarter: Centrum.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 Q1 Results Review - Temporary Blip In Growth, Asset Quality; Outlook Remain Positive: Systematix

The brokerage continues to remain positive on company’s core strengths and underwriting practices, which has demonstrated healthy earnings growth and asset quality.

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Aptus Value Q1 Results Review - Temporary Blip In Growth, Asset Quality; Outlook Remain Positive: Systematix

The brokerage continues to remain positive on company’s core strengths and underwriting practices, which has demonstrated healthy earnings growth and asset quality.

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