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Corporate Results: Leading housing finance company Aptus Value Housing Finance India Limited has announced its financial results for the quarter ending September 30, 2024, showing high growth and operational efficiency.
Aptus has achieved good results in the second quarter of the financial year 2024-25. During this period, the company's net profit increased by 22 percent year-on-year to Rs 2.55 crore. Focus on business growth, stable asset quality and higher productivity led to growth of Rs 182 crore. Continued growth and opening of 24 more branches as of June, 2024 resulted in AUM growth of 27 per cent YoY. These branches have been opened in the existing states and new states of Odisha and Maharashtra.
Our operating expenses for the quarter were 2.65 percent. We will remain a productivity-focused company and continue to achieve the lowest cost-to-asset and cost-to-income ratios in the affordable housing loan sector.
Digital adoption remains strong and is a key area as we move forward. Our digital framework for consistent omnichannel lead generation, which continues to be strong, has contributed approximately 20% to our business through leads generated from our customer referral app, EchoPartner app and social media channels . As of September, 2024, 99 percent of our customers are registered on our mobile app. The company achieved 83 percent adoption rate for digital solutions during this period. Also, during this period, our digital collection increased by 98 percent and the reach of account aggregator increased by 43 percent.
Our GNPA has improved compared to the last quarter. This positive flow reflects our effective collection management and diligent lending process.
The planned growth is expected to come from additional borrowings, which is expected to increase leverage from current levels.
We achieved ROA and ROE of 7.77 per cent and 18.30 per cent respectively, which is one of the best in the industry and reflects our commitment towards operational efficiency and prudent financial management.
As part of our funding plan, we have committed Rs. Diversified our debt by issuing non-convertible debentures worth Rs 400 crore. On 30th September 2024 we will pay Rs. Adequate liquidity of Rs 1,239 crore has been maintained, including funds withdrawn from various banks. Approval of Rs 550 crore is included. Company Rs. Well capitalized with total assets of Rs 4,014 crore.
We are pleased with our performance this quarter, which reflects our commitment to eco-friendly growth and financial inclusion. Our focus on expanding operations in underserved geographies and maintaining high asset quality has contributed to our strong financial performance.
As a result, our AUM has seen steady growth, further strengthening our position in the market. We are optimistic about the long-term potential of the affordable housing segment and will continue to expand our reach and service to meet the changing needs of our customers.