Aptus Value Q4 PAT up 45.43% at Rs109.87 crore on improved net interest spreads in the quarter

5 May 2022 , 07:20 PM

Aptus Value Home Finance Ltd reported 28.62% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs234.34cr. On a sequential basis, revenues were higher for the quarter by 8.34%.

For the full year FY22, the revenues were higher by 27.31% at Rs815cr. The interest income was up nearly 27% while the interest expenses were down -6.2% yoy resulting in improved net interest spreads in the quarter.

The consolidated net profit for Q4 was up 45.43% at Rs109.87cr while it was up on a sequential basis by 8.27%. The improvement in the net interest spreads in the quarter more than compensated for the increased impairment costs in the quarter.

The company also saw good demand in its niche low cost housing segment. Net margins stood at 46.88% in Mar-22 quarter compared to 41.47% in Mar-21. NPM was flat sequentially compared to 46.91% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Aptus Value
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 234.34	₹ 182.19	28.62%	₹ 216.31	8.34%
Net Profit (Rs cr)	₹ 109.87	₹ 75.55	45.43%	₹ 101.48	8.27%
Diluted EPS (Rs)	₹ 2.24	₹ 1.57		₹ 2.03
Net Margins	46.88%	41.47%		46.91%