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Revenue
Pending
verification pending
Revenue YoY
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reported change
EBITDA
Pending
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Apollo Finvest reported a steady quarter with sustainable profit growth and improved ROE, though specific financial figures were not disclosed. The key highlight is the launch of Apollo Cash, a direct lending app targeting ticket sizes under ₹2 lakh, leveraging learnings from 8+ years of partnership-based lending. Management emphasized portfolio quality, with GNPA nearly half the industry average and 30+ DPD metrics 15-18x better. The company is investing in hiring experienced talent from proven fintech players, expecting employee costs to rise and near-term profits to be impacted. Apollo Cash is expected to contribute 5-10% of AUM in 12 months but become a major growth driver in 2-3 years. The partnership business remains the core, with retail AUM growing 200% YoY. Risks include execution challenges in scaling the direct lending vertical and potential margin pressure from increased expenses.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects the direct lending app to account for 5-10% of total AUM within the next year, with partnership business remaining at 90-95%.
- The company plans to hire experienced talent from the fintech industry, which will raise employee costs and impact near-term profits.
- Management indicated plans to take on debt to scale up, targeting industry-standard leverage of 2.5-3x debt-to-equity.
Risks flagged
- Management explicitly stated that investments in employee costs will impact profits in the near term, with no clear timeline for payback.
- Apollo Cash is a new venture with no track record; management expects it to be only 5-10% of AUM in 12 months, indicating slow initial scaling.
- Management acknowledged that AI is increasing fraud sophistication, and large players like Jio could disrupt the space, though they believe tech-first companies have an advantage.
Key quotes
- I think this is a space of efficient execution. Who is able to acquire the customer at the least amount of cost? Who is able to manage fraud? Who is able to manage risk? Who is able to manage collections?
- I do expect our investments in employee expenses to go up and I do feel that will have an impact on our profits. But I do strongly believe that this is the right point in the history of the company to make these investments.
- We are getting about 300 to 400 downloads a day with zero marketing right... I feel very strongly that it's like offering a glass of cold water in a desert.
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