Risks
4 risks
Risk Intelligence
MSME asset quality deterioration
View Risks →Aptus Value Housing Finance India Limited — Q3 FY26
Aptus Value Housing Finance reported a steady Q3 FY26 with PAT growing 26% YoY to ₹239 crore, driven by stable spreads and controlled costs.
neutral
medium
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Aptus Value Housing Finance reported a steady Q3 FY26 with PAT growing 26% YoY to ₹239 crore, driven by stable spreads and controlled costs. AUM grew 21% YoY to ₹12,330 crore, though disbursement growth moderated to 11% YoY due to a conscious pullback from sub-₹7 lakh loans. Asset quality remained largely stable with GNPA at 1.56%, but 30+ dpd ticked up to 6.48% on seasonal volatility and slight stress in MSME loans. Management guided for AUM growth of 22-24% and reiterated credit cost of 0.5%. Key growth drivers include branch expansion (60-70 new branches next year), higher average ticket size, and a 50-75 bps rate cut on incremental home loans. The ₹25,000 crore AUM target by FY29 may be delayed by 1-2 quarters. Risk: MSME asset quality deterioration may persist if collection efforts falter.
एप्टस वैल्यू हाउसिंग फाइनेंस ने तीसरी तिमाही में अच्छा प्रदर्शन किया। मुनाफा पिछले साल से 26% बढ़कर 239 करोड़ रुपये हो गया। कंपनी ने ब्याज दरों में स्थिरता और खर्चों पर नियंत्रण रखा। कुल कर्ज (AUM) 21% बढ़कर 12,330 करोड़ रुपये हुआ, लेकिन नए कर्ज देने की रफ्तार 11% रही क्योंकि कंपनी ने 7 लाख रुपये से कम के छोटे कर्ज कम दिए। बुरे कर्ज (GNPA) 1.56% पर स्थिर रहे, लेकिन 30 दिन से ज्यादा देरी वाले कर्ज 6.48% हो गए, जो छोटे कारोबारियों (MSME) पर दबाव और मौसमी उतार-चढ़ाव के कारण है। कंपनी को अगले साल कुल कर्ज में 22-24% बढ़ोतरी की उम्मीद है। वे 60-70 नई शाखाएं खोलेंगे और घर के कर्ज पर ब्याज दरें 0.5-0.75% घटाएंगे। 2029 तक 25,000 करोड़ रुपये के कर्ज का लक्ष्य थोड़ा पीछे हो सकता है। सावधानी: अगर छोटे कारोबारियों से वसूली कमजोर हुई तो बुरे कर्ज बढ़ सकते हैं।
Risks4 tracked
Research workspace
Focused Modules
Quarter Snapshot
AUM
₹12,330 crore
+21% YoY
Assets under management grew 21% year-on-year to ₹12,330 crore as of December 31, 2025.
Disbursements Q3
₹1,030 crore
+11% YoY
Q3 FY26 disbursements grew 11% YoY to ₹1,030 crore, despite pullback in sub-₹7 lakh loans.
Gross NPA
1.56%
+0 bps YoY
Gross NPA remained largely stable at 1.56% as of December 31, 2025.
Spread
8.9%
+60 bps YoY
Spread improved to 8.9% driven by decline in cost of funds to 8.3%.
Fast read
Guidance and risk preview
Management expects sustainable AUM growth of 22-24% driven by branch expansion, higher ticket size, and calibrated pricing.
MSME portfolio saw a slight uptick in NPA and drop in collection efficiency due to consumption-related stress.
View Risks →