Aptus Worth Housing posts 21% rise in Q1 web at ₹172 cr

Aptus Worth Housing Finance Ltd has reported a 21 per cent rise in its revenue after tax at ₹172 crore for the quarter ended June 30, 2024, when put next with ₹142 crore within the year-ago quarter. The corporate’s web revenue development was supported by enterprise development, steady asset high quality and steady give attention to greater productiveness, P Balaji, Managing Director of the corporate stated in an announcement.

The corporate’s web curiosity revenue rose 28 per cent at ₹381 crore when put next with ₹297 crore. Revenue earlier than tax was greater at ₹222 crore (₹183 crore). Its disbursements noticed a marginal development of 4 per cent at ₹675 crore for the June 2024 quarter towards ₹646 crore within the June 2023 quarter. 

Through the quarter, the corporate moved to cell first lead administration software program system, which impacted its disbursements in April 2024. Nonetheless, disbursements have been again to normalcy within the following two months clocking 35 per cent development over the corresponding comparable two-month interval, it stated. Its gross NPA stood at 1.30 per cent within the June quarter towards 1.29 per cent in Q1 of the earlier fiscal, whereas web NPA was 0.98 per cent (0.97 per cent).

“We sustained constant development and achieved an AUM development of 27 per cent y-o-y supported by department addition of 36 over June 2023, each in current States and new states of Odisha and Maharashtra, enchancment in productiveness and enhance in ATS (common ticket measurement). We’re assured of pursuing an AUM development of about 30 per cent within the coming quarters/years, he added.

As of June 30, 2024, the corporate maintained a liquidity of ₹907 crore together with undrawn sanctions of ₹520 crore from varied banks. The corporate is properly capitalised with a web price of over ₹3,818 crore, it added.