Aptus Value Housing Finance India Limited (APTUS)
₹222.50 -0.76% last close, 16 Oct
Q2 FY27 results
📅 Next results: 04 Nov 2026 (board meeting)Aptus Value Housing Finance India Limited's board meets on 4 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Aptus Value's net interest income was ₹431 Cr (+39.3% year on year, +4.3% on the previous quarter), and net profit ₹261 Cr (+19.0% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹431 | +39.3% | +4.3% |
| Operating profit | ₹329 | +11.1% | — |
| Net profit | ₹261 | +19.0% | -0.0% |
| EPS (₹) | 5.21 | +18.7% | +0.0% |
APTUS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 71.74% of the APTUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.19%. Delivery was unusually high while the price barely moved (-0.76%).
Delivery in the last 5 sessions: 60.2% · 74.2% · 61.8% · 66.8% · 71.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Aptus Value Housing Finance India Limited has scheduled a virtual meeting with Franklin Templeton Mutual Fund on September 07, 2026. The discussions will rely exclusively on publicly available information, referencing the investor presentation previously disclosed on July 31, 2026. No unpublished price-sensitive information (UPSI) will be shared during the interaction.
- Virtual meeting scheduled with Franklin Templeton Mutual Fund on September 07, 2026
- Discussions to rely on public information and presentation filed on July 31, 2026
- No unpublished price sensitive information (UPSI) to be discussed
Aptus Value Housing Finance India Limited has informed the exchanges about an upcoming investor meeting scheduled for September 04, 2026. The virtual meeting will be held with Carnelian Asset Management. The company noted that discussions will be based solely on publicly available information, referencing its investor presentation uploaded on July 31, 2026, with no unpublished price-sensitive information shared.
- Virtual meeting scheduled with Carnelian Asset Management on September 04, 2026
- Discussions restricted strictly to publicly available information
- Investor presentation previously shared with exchanges on July 31, 2026
Aptus Value Housing Finance India Limited has approved the allotment of 12,500 equity shares of face value Rs. 2 each pursuant to the exercise of employee stock options under its ESOP Scheme 2021. Following the allotment on August 31, 2026, the company's paid-up equity share capital increased marginally from Rs. 1,00,16,35,472 to Rs. 1,00,16,60,472. The total outstanding shares rose from 50,08,17,736 to 50,08,30,236. The newly allotted shares will rank pari-passu with existing equity shares.
- Allotted 12,500 equity shares of face value Rs. 2 each under Aptus Employee Stock Option Scheme, 2021
- Paid-up share capital increased from Rs. 1,00,16,35,472 to Rs. 1,00,16,60,472
- Total share count increased from 50,08,17,736 to 50,08,30,236 equity shares
- Allotment approved by the Resourcing & Business Committee on August 31, 2026
Aptus Value Housing Finance India Limited has notified the stock exchanges regarding an upcoming virtual interaction with an institutional investor. Company officials are scheduled to meet Theleme India Fund on September 02, 2026. The discussions will be based solely on publicly available information without sharing any unpublished price-sensitive information (UPSI). The company had previously uploaded its relevant investor presentation on July 31, 2026.
- Virtual meeting scheduled with Theleme India Fund on September 02, 2026
- Investor presentation previously submitted on July 31, 2026 will serve as the basis for discussions
- No unpublished price sensitive information (UPSI) will be discussed during the interaction
Aptus Value Housing Finance India Limited has scheduled a physical one-on-one investor meeting with Arohi Asset Management on August 24, 2026, in Chennai. The company confirmed that discussions will rely solely on publicly available information and no unpublished price sensitive information (UPSI) will be shared. The presentation referenced was previously submitted to exchanges on July 31, 2026. This is a routine compliance disclosure under SEBI LODR Regulation 30.
- One-on-one physical meeting scheduled with Arohi Asset Management on August 24, 2026
- Meeting venue designated as Chennai
- Referenced investor presentation previously filed with exchanges on July 31, 2026
- Company confirmed zero UPSI will be discussed during the interaction
Aptus Value Housing Finance has published the transcript of its Q1 FY26 earnings conference call held on August 1, 2026. For the quarter ended June 2026, the company reported a revenue of ‡593 crore and a net profit of ‡261 crore, continuing its growth trajectory. Management reiterated its target growth rate of 25-30%, supported by geographic expansion into Maharashtra and Odisha. The company maintains a strong focus on the self-employed segment with an average ticket size of ‡9-10 lakhs and a Gross Stage 3 asset level of 1.2%.
- Q1 FY26 revenue reached ‡593.0 crore, contributing to a TTM revenue of ‡2245 crore
- Net profit for the quarter stood at ‡261.0 crore with an EPS of ‡5.21
- Maintained a target growth rate of 25-30% through geographic diversification
- Gross Stage 3 assets reported at 1.2%, reflecting stable asset quality in the informal segment
- Average loan ticket size remains focused at ‡9-10 lakhs to optimize operational efficiency
Aptus Value Housing Finance shareholders have approved all seven resolutions at the 17th AGM held on August 4, 2026. Key approvals include the private placement of Non-Convertible Debentures (NCDs) and the new Aptus ESOP 2026 plan. While borrowing and NCD resolutions passed with over 99.8% support, the ESOP resolutions (No. 6 & 7) faced significant institutional resistance, with 38.92% of institutional votes cast against them. The company continues to target 25-30% growth, supported by a strong TTM PAT of ₹943 Cr.
- All 7 resolutions passed with requisite majority at the AGM held on August 4, 2026
- Institutional shareholders showed 38.92% dissent against the Aptus ESOP 2026 plan
- Borrowing limits and NCD private placement approved with 99.90% and 99.87% total favorable votes respectively
- Total shareholder turnout for the voting process stood at 77.88% of outstanding shares
- Promoter group (23.86% holding) voted 100% in favor of all resolutions
Aptus Value Housing Finance reported a 21% YoY growth in Assets Under Management (AUM) to ₹13,107 Cr for FY26, with PAT rising 26% to ₹943 Cr. The company maintained industry-leading profitability with a Return on Assets (ROA) of 7.9% and Return on Equity (ROE) of 20.1%. Management has guided for a sustainable AUM growth of 22-24% going forward, supported by the planned addition of 65-70 new branches in FY27. While asset quality remains healthy, GNPA saw a slight uptick to 1.52% compared to previous levels.
- AUM grew 21% YoY to ₹13,107 Cr, while disbursements reached ₹4,009 Cr in FY26.
- Profit for the year increased 26% to ₹943 Cr with a high ROA of 7.9%.
- Branch network expanded to 339 branches, with a target to add 65-70 more in FY27.
- Asset quality reported with GNPA at 1.52% and Net NPA at 1.15%.
- Shareholders approved a dividend of ₹4.50 per share and a new ESOP 2026 plan.
Aptus Value Housing Finance has clarified an inadvertent statement made during its August 01, 2026, earnings call regarding borrowing costs. The management initially stated that the National Housing Bank (NHB) funding rate was in the 8.20%-8.30% range. The corrected effective rate is approximately 7.90% after accounting for concessions related to women borrowers, SC/ST borrowers, and the company's credit rating. This 30-40 basis point reduction in expected funding costs is positive for maintaining the company's high Net Interest Margins (NIM), which stood at 11.17% recently.
- Management corrected the NHB funding rate from an initial range of 8.20%-8.30% to approximately 7.90%.
- The effective rate of 7.90% includes specific concessions for women and SC/ST borrowers.
- The clarification pertains to the earnings call conducted on August 01, 2026.
- Lower borrowing costs support the company's TTM PAT of Rs 943 Cr and high operating margins.
Aptus Value Housing Finance has released the audio recording of its Q1 FY27 earnings conference call held on August 01, 2026. This follows the company's FY26 performance where it reported a revenue of ₹2,245 Cr and a PAT of ₹943 Cr. The call provides management's qualitative commentary on its 25-30% growth target and the progress of its expansion into Maharashtra and Odisha. Investors can access the recording to understand the drivers behind the current 11.17% NIM and 1.2% Gross Stage 3 asset levels.
- Earnings conference call held on August 01, 2026, for the quarter ended June 30, 2026
- Company maintains a long-term growth target of 25-30% through geographic diversification
- Gross Stage 3 assets stood at 1.2% as per the latest financial context provided
- Net Interest Margin (NIM) was reported at 11.17% in the preceding period
- Staff strength reached 3,351 employees as part of the ongoing expansion strategy
Aptus Value Housing Finance has approved the allotment of 25,000 equity shares to employees following the exercise of stock options under its 2021 ESOP scheme. This allotment increases the total outstanding shares from 50,07,92,736 to 50,08,17,736. The financial impact is negligible, with the equity dilution amounting to approximately 0.005% of the total share capital. The new shares will rank equally with existing shares.
- Allotment of 25,000 equity shares of Rs. 2/- each on July 31, 2026
- Paid-up share capital increased from Rs. 1,00,15,85,472 to Rs. 1,00,16,35,472
- Total number of equity shares increased to 50,08,17,736
- Shares issued under the Aptus Employee Stock Option Scheme, 2021
Aptus Value Housing Finance has released its investor presentation for Q1 FY27, following a strong FY26 where TTM PAT reached Rs 943 Cr. The company continues to target a 25-30% growth rate, supported by a strategic expansion into Maharashtra and Odisha to reduce South India concentration. Key metrics to watch include the maintenance of its high 11.17% NIM and Gross Stage 3 assets, which were recently reported at 1.2%. The company is shifting focus toward loan tickets above Rs 7 Lakhs to improve operational efficiency.
- Targeting a consistent growth rate of 25-30% through organic geographic expansion.
- Maintained a high Net Interest Margin (NIM) of 11.17% despite rising interest rates.
- Gross Stage 3 assets reported at 1.2%, reflecting stable asset quality in the self-employed segment.
- Staff strength expanded to 3,351 employees to support new branch networks in Maharashtra and Odisha.
- TTM PAT stands at Rs 943 Cr with an Operating Profit Margin of 41.4%.
Aptus reported a 19% YoY increase in Net Profit to ₹261 Cr for Q1 FY27, supported by a robust 36% growth in disbursements totaling ₹1,053 Cr. Assets Under Management (AUM) reached ₹13,648 Cr, a 21% YoY increase, while maintaining a high Return on Assets (RoA) of 7.8%. Asset quality experienced a slight seasonal dip, with Gross NPA rising to 1.70% from 1.50% YoY. The company added 33 branches in the quarter, expanding its presence in Maharashtra and Odisha.
- Disbursements surged 36% YoY to ₹1,053 Cr in Q1 FY27
- AUM grew 21% YoY to ₹13,648 Cr as of June 30, 2026
- Net Profit of ₹261 Cr for the quarter represents ~28% of the TTM PAT of ₹943 Cr
- Branch network increased to 372 with 33 new additions during the quarter
- Maintained industry-leading profitability with RoA at 7.8% and RoE at 20.4%
Aptus Value Housing Finance reported a steady Q1 FY27 with consolidated net profit rising 19% YoY to ₹260.94 Cr. Total income grew 15.2% YoY to ₹610.65 Cr, primarily driven by interest income which reached ₹529.16 Cr. However, on a sequential basis, net profit remained flat compared to Q4 FY26 (₹260.95 Cr). A notable point of concern is the impairment on financial instruments, which more than doubled YoY to ₹21.49 Cr from ₹10.59 Cr.
- Net Profit increased 19% YoY to ₹260.94 Cr from ₹219.25 Cr in the year-ago quarter.
- Total Income rose 15.2% YoY to ₹610.65 Cr, representing approximately 27% of TTM revenue.
- Impairment on financial instruments surged to ₹21.49 Cr compared to ₹10.59 Cr in June 2025.
- Interest income grew to ₹529.16 Cr, up from ₹469.53 Cr in the same period last year.
- Security cover ratio for listed debt securities is maintained at 1.12x.
Aptus Value Housing Finance has issued a notice for its 17th Annual General Meeting (AGM) scheduled for August 04, 2026. The company is seeking shareholder approval to increase its borrowing powers to ₹12,000 Crores, which is approximately 2.8x its current net worth of ₹4,274 Crores. Within this limit, the company plans to issue debt instruments like debentures and bonds up to ₹3,000 Crores. The meeting will also address the re-appointment of Ms. Mona Kachhwaha as an Independent Director for a second two-year term.
- Proposed increase in total borrowing limit to ₹12,000 Crores to support lending growth
- Specific sub-limit of ₹3,000 Crores proposed for the issuance of debentures and bonds
- AGM scheduled for August 04, 2026, to be conducted via Video Conferencing
- Re-appointment of Ms. Mona Kachhwaha as Independent Director for a term ending May 04, 2028
- Adoption of the Fair Value Method for valuing employee stock options under Ind AS 102
Financial Performance
Revenue Growth by Segment
Total income grew by 27.6% from INR 1,409.2 Cr in FY24 to INR 1,798.4 Cr in FY25. The portfolio is split between Housing Loans (71% of AUM) and Non-Housing/SME loans (29% of AUM). AUM reached INR 10,865 Cr as of March 2025, a 28% CAGR over five years, further growing to INR 11,267 Cr by June 2025.
Geographic Revenue Split
The company is heavily concentrated in Southern India, specifically Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka. While specific % splits per state are not provided, these four states represent the vast majority of the INR 10,865 Cr AUM, with gradual expansion starting in Odisha and Maharashtra.
Profitability Margins
Profit After Tax (PAT) increased by 22.8% to INR 751.2 Cr in FY25 from INR 611.9 Cr in FY24. Return on Managed Assets (RoMA) remained robust at 7.3% in FY25 and 7.5% in Q1 FY26. Net Interest Margin (NIM) saw a slight compression from 11.54% in FY24 to 11.17% in FY25 due to rising borrowing costs.
EBITDA Margin
Pre-provision operating profit (PPOP) rose 23% from INR 815 Cr in FY24 to INR 1,003 Cr in FY25. Return on Equity (ROE) improved to 18.76% in FY25 from 17.25% in FY24, driven by higher leverage and efficient operations.
Capital Expenditure
Not disclosed as a single INR figure, but the company is investing in digital interfaces and branch expansion. Tangible Net Worth stood at INR 4,294 Cr as of March 2025, which is expected to fund growth for the next 3-5 years without fresh equity infusion.
Credit Rating & Borrowing
The company maintains a strong capital profile with a CRAR of 71.3% as of June 2025. Borrowing costs are managed through a diversified profile: Banks (53%), NHB (15%), Securitisation (13%), and NCDs (19%). Gearing increased from 1.4x in FY24 to 1.6x in FY25.
Operational Drivers
Raw Materials
Not applicable for financial services; the primary 'raw material' is capital/debt. Cost of borrowings increased slightly, impacting NIM by 37 bps YoY.
Key Suppliers
Key lenders include National Housing Bank (NHB) and various public/private sector banks (34% public, 66% private bank split within the bank borrowing segment).
Capacity Expansion
Staff strength grew to 3,351 employees as of March 2025. The company is expanding its branch network into Maharashtra and Odisha to diversify its geographic footprint beyond South India.
Raw Material Costs
Finance costs are the primary expense. Debt-to-equity ratio stood at 1.59:1 in FY25 compared to 1.38:1 in FY24, reflecting increased utilization of debt to fund the 15% growth in disbursements (INR 3,604 Cr).
Manufacturing Efficiency
Opex to Assets ratio improved from 2.70% in FY24 to 2.63% in FY25, demonstrating economies of scale as the AUM grows faster than operating expenses.
Logistics & Distribution
Distribution is handled through a physical branch network; the company is enhancing its digital interface to reduce long-term customer acquisition costs.
Strategic Growth
Expected Growth Rate
25-30%
Growth Strategy
Growth will be driven by geographic expansion into Maharashtra and Odisha, and a strategic shift to focus on loan tickets above INR 7 Lakhs to improve operational efficiency. The company targets self-employed customers in rural/semi-urban areas who are underserved by traditional banks.
Products & Services
Housing loans for purchase/construction, SME loans, and secured business loans (Loan Against Property).
Brand Portfolio
Aptus Value Housing Finance, Aptus Finance India Private Limited (AFIPL).
New Products/Services
Increased focus on the SME and Non-Housing segment via its subsidiary AFIPL, which offers higher yields to support overall profitability.
Market Expansion
Expansion into Odisha and Maharashtra is underway to reduce geographic concentration in South India.
Market Share & Ranking
Not explicitly ranked, but identified as a significant player in the affordable housing finance segment in South India.
Strategic Alliances
Not disclosed; the company operates primarily through its 100% owned subsidiary, AFIPL.
External Factors
Industry Trends
The affordable housing sector is growing due to government focus on 'Housing for All' and increasing urbanization. Aptus is positioned to benefit from the shift toward formalization of credit for self-employed individuals.
Competitive Landscape
Competes with banks and larger HFCs, but maintains an edge by serving customers with limited income documentation that larger institutions typically reject.
Competitive Moat
The moat is built on a conservative 50% Loan-to-Value (LTV) ratio (81% of portfolio is <50% LTV), providing a massive safety margin. This, combined with in-house collections and deep rural penetration, makes the business model highly resilient.
Macro Economic Sensitivity
Highly sensitive to the economic health of the informal, self-employed sector. GDP slowdowns directly impact the cash flows of their target low-to-middle income borrowers.
Consumer Behavior
Increasing preference for digital banking and faster loan processing, prompting Aptus to invest in digital customer interfaces.
Geopolitical Risks
Low, as operations are entirely domestic within India.
Regulatory & Governance
Industry Regulations
Governed by RBI and NHB regulations. Compliance with SARFAESI Act is critical for their recovery process. The company maintains a robust Risk Management Framework (RMF) covering credit, liquidity, and IT risks.
Environmental Compliance
Not a high-impact factor for HFCs, though the company monitors climate transition risks for its borrowers' businesses.
Taxation Policy Impact
Effective tax rate is approximately 23-25% based on PBT of INR 975 Cr and PAT of INR 751 Cr in FY25.
Legal Contingencies
No pending material litigation or one-time settlements with banks were reported for FY25. The company has a clean Secretarial Audit report.
Risk Analysis
Key Uncertainties
Asset quality remains the primary uncertainty; while currently healthy at 1.19% GNPA, the informal nature of borrower income makes the portfolio susceptible to economic shocks.
Geographic Concentration Risk
High concentration in South India, though expansion into new states is mitigating this risk.
Third Party Dependencies
Low dependency on third parties due to the in-house sourcing and collection model.
Technology Obsolescence Risk
The company is mitigating digital risks through an IT Strategy Committee and investments in cyber security and data privacy frameworks.
Credit & Counterparty Risk
Credit risk is mitigated by the secured nature of the loans (mortgages) and the conservative 50% LTV policy.
