MSME asset quality deterioration
MSME portfolio saw a slight uptick in NPA and drop in collection efficiency due to consumption-related stress. Management expects to control it in Q4, but risk persists.
APTUS / Q3-FY26 / risks
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Aptus Value Housing Finance India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Competitive intensity in Tamil Nadu
Heightened competition in Tamil Nadu from other HFCs and NBFCs, leading to slower growth and pressure on HR resources.
Delayed achievement of ₹25,000 crore AUM target
Management acknowledged that the ₹25,000 crore AUM target by FY29 may be delayed by 1-2 quarters due to pullback from sub-₹7 lakh loans and subdued disbursement growth.
Impact of new labor code provisions
Provisions related to the new labor code impacted P&L by ₹3.85 crore (₹3 crore net of tax), indicating potential recurring cost increases.