Aptus Value Housing Finance reports Q2 profits at Rs 181.96 crore on stable asset quality

Housing concern institution Aptus Value Housing Finance India Ltd connected Tuesday reported profits for the July-September 2024 play astatine Rs 181.96 crore supported by concern maturation and unchangeable plus quality, the institution said connected Tuesday.

The city-based institution had registered profits of Rs 148.01 crore during the corresponding play of past year. For the half-year play ending September 30, 2024, the profits went up to Rs 353.71 crore, from Rs 290.27 crore registered successful the twelvemonth agone period.

The full income during the 4th nether reappraisal went up to Rs 435.54 crore, from Rs 345.66 crore registered during the corresponding play of past year. For the six period play ending September 30, 2024, the full income surged to Rs 840.17 crore, from Rs 661.03 crore registered successful the twelvemonth agone period.

Commenting connected the fiscal performance, institution managing manager P Balaji said, "we are blessed to stock that Aptus achieved beardown results for the 2nd 4th of FY25.

The institution posted a 22 per cent year-on-year summation successful nett net astatine Rs 182 crore successful the 2nd 4th of FY25 supported by concern growth, unchangeable plus prime and continuous absorption connected higher productivity."

"We sustained accordant maturation and achieved an Assets Under Management (AUM) maturation of 27 per cent year-on-year supported by an summation of 24 branches," helium said.

"We volition stay a productivity-focused organisation and volition proceed to execute the lowest cost-to-asset and cost-to-income ratios successful the affordable lodging concern sector," Balaji said.