Aptus Worth Housing posts 21% rise in This fall consolidated PAT

Aptus Worth Housing Finance Ltd has reported a 21 per cent improve in consolidated revenue after tax at ₹164 crore for the quarter ended March 31, 2024, in contrast with ₹135 crore within the year-ago quarter.  

• Additionally learn:Aadhar Housing Finance IPO: Value band set at ₹300-315 per fairness share

The board has declared an interim dividend of ₹2.50 per fairness share (125 per cent) of face worth of ₹2 every for 2023-24. The board additionally authorised the elevating of funds by way of issuance of Non-Convertible Debentures (NCDs) by way of non-public placement, in a number of tranches as much as an quantity not exceeding ₹2,250 crore.

On a standalone foundation, the corporate’s PAT grew to ₹122 crore (₹109 crore in This fall of FY23). Standalone whole revenue stood at ₹300 crore ( ₹262 crore). Its disbursements for the March 2024 quarter grew 45 per cent at ₹968 crore.

For the yr ended March 31, 2024, its standalone PAT grew to ₹481 crore towards ₹425 crore in FY23. On a consolidated foundation, PAT rose 22 per cent to ₹612 crore (₹503 crore)

Consolidated whole revenue for FY24 stood at ₹1,417 crore (₹1,134 crore), whereas standalone whole revenue was ₹1,123 crore (₹964 crore). Its disbursements noticed a year-on-year improve of 31 per cent at ₹3,127 crore.

“FY24 has confirmed to be a great yr for Aptus, marked by vital accomplishments and robust development. Throughout FY24, we expanded our presence by opening 31 branches, thereby strengthening our community to 262 branches. We sustained constant development and achieved an AUM development of 29 per cent yr on yr. Our ROA and ROE remained strong at 8 per cent and 17.25 per cent, respectively,” stated P Balaji, Managing Director of the corporate.

The corporate’s gross NPA declined to 1.07 per cent within the March 2024 quarter from 1.145 per cent within the March 2023 quarter, whereas internet NPA dropped to 0.80 per cent from 0.86 per cent.

• Additionally learn:Blackstone-backed Aadhar Housing Finance’s Rs 3,000-cr IPO to open on Could 8

As of March 31, 2024, Aptus has maintained a liquidity of ₹1,022 crore together with undrawn sanctions of ₹620 crore from varied banks. “The corporate is well-capitalised with a networth of over ₹3,700 crore,” stated an announcement.

The corporate’s scrip closed at ₹328.90 per share, down 0.18 per cent, on BSE on Friday.