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Aptus Value Housing Finance India Q1 Results: Net profit jumps 19% YoY to Rs 142 crore
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Aptus Value Housing Finance India reported a 19% year-on-year rise in consolidated net profit for the June quarter at Rs 142 crore, even as its net interest margin squeezed 32 basis points to 8.85%.Operating profit too rose 20% at Rs 183 crore, backed by 27% rise in interest income at Rs 297 crore. The mortgage lender had assets under management at Rs 7123 crore at the end of June, reflecting a 29% rise year-on-year.
Its asset quality slipped a bit with gross non-performing assets ratio rising to 1.29% at the end of June as compared with 1.15% three months prior to this. Net NPA stood at 0.97% against 0.86%.
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