Aptus Value Housing Finance India Ltd reported a 19% year-on-year increase in net profit to ₹261 crore for the first quarter of FY27, driven by robust loan growth, higher disbursements and continued expansion of its branch network.
The Chennai-based affordable housing finance company had posted a net profit of ₹219 crore in the corresponding quarter of the previous financial year.
Assets under management (AUM) rose 21% year-on-year to ₹13,648 crore as of June-end, while disbursements grew 36% to ₹1,053 crore during the quarter. Net Income Margin (NIM) increased 19% year-on-year to ₹441 crore, reflecting healthy business momentum.
Branch expansion fuels growth
Aptus Value Housing Finance India Managing Director P. Balaji said the company witnessed further improvement in business momentum during the quarter, supported by the steady execution of strategic growth initiatives, technology upgrades and process improvements.
He said the company strengthened its presence in Maharashtra and Odisha, where business traction has been encouraging, while also expanding across existing markets.
The lender added 33 branches during the quarter, taking its total network to 372 branches, and plans to open another 25 branches in the second quarter of FY27. Branches opened during FY26 are now contributing meaningfully to business growth, while the positive momentum has continued into July, he added.
Focus on diversified sourcing
The company is expanding its sourcing channels through a wider connector network and enhanced digital marketing initiatives.
According to Balaji, the connector network has continued to support disbursement growth, while Aptus remains focused on increasing the average ticket size to improve portfolio quality and customer economics.
The company is also evaluating opportunities to diversify beyond home loans and SME loans as part of its long-term growth strategy.
Technology-led transformation
Aptus continued to invest in technology and data analytics to improve operational efficiency, strengthen underwriting standards and enhance customer experience.
Digital adoption remained strong during the quarter, with over 92% of loan agreements executed digitally and 94% of collections received through digital channels. The company is also leveraging account aggregator data and credit bureau insights to strengthen credit assessment and underwriting processes.
Asset quality remains resilient
The company said collection efficiency during the quarter was affected to some extent by seasonal factors, resulting in a marginal sequential increase in delinquencies and non-performing assets.
However, it maintained that the underlying credit quality of the portfolio remains resilient and that it continues to strengthen its collection framework.
As of June-end, the 30 Days Past Due (DPD) ratio stood at 6.87%, while Gross NPA was 1.70% and Net NPA was 1.29%, indicating that asset quality remained broadly under control despite seasonal pressures.