Aptus Value Housing Finance Q2 Results: PAT rises 11% YoY to Rs 119 crore
net profit was Rs 107 crore in the year-ago period.
The Chennai-based lender's share price turned volatile after the release of the quarterly numbers. It fell to its intra-day low to Rs 282.15 only to jump to Rs 290.35 at the last minute of the trading session.
The shares closed 1.5% higher at Rs 290.25 on BSE.
Its total income rose 16.5% to Rs 276 crore. It opened 20 branches in the second quarter taking the network to 250 branches.
Gross non-performing assets for the mortgage lender improved to 1.2% at the end of September while the portfolio at risk for over 30 days past due (DPD) was higher at 6% even after easing 51 basis point year-on-year.
The company is well capitalised with a net worth of Rs 3,540 crore.
«We have diligently maintained a healthy balance sheet liquidity of Rs 974 crore,» the company said.
It has an undrawn sanction of Rs 300 crore from the National Housing Bank and another Rs 290 crore from various banks.
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