- Aptus's financial strength increased
- AUM grew by 20 percent to Rs 14,177 crore
- 2,206 crores disbursement during the half-year
Mumbai: Aptus Value Housing Finance (Aptus Value Housing Finance:) Limited, a company in the housing finance sector, has seen an increase of 19 percent in its half-year profit. Due to this, the profit of the company has reached to Rs 528 crore. Meanwhile, the company has said that the assets under management (AUM) have increased by twenty percent. Aptus disbursed loans worth Rs 2206 crore in the first half. The increase in loan disbursement is 27 percent higher. On the other hand, the company disbursed Rs 1153 crore in the September quarter.
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Increase in asset percentage till end of September
Assets under management have increased by twenty percent to Rs 14,177 crore till the end of September. The company has achieved a profit of Rs 528 crore in the half-year. Aptus has made a profit of Rs 267 crore in the second quarter. Return on assets and return on equity stood at 7.7 percent and 20.1 percent, respectively. Meanwhile, the company's managing director P. said that the expansion in Maharashtra and Odisha is being increased. Balaji has said. Aptus has increased the number of branches by 58 in the first half. After that the total number of branches has gone up to 397.
Aptus Value Housing Finance is focusing on business expansion in the face of increasing competition in the housing finance sector. Especially in small towns and rural areas, as the demand for home loans is increasing, the company is getting new opportunities for business growth. The company is strengthening its presence through easy lending to customers, expansion of branches and entry into new markets. The strategy of expanding the branch network in Maharashtra and Odisha is expected to further increase the loan disbursement and customer base in the coming years.
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