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HomeReal EstateAptus Value Housing Finance makes profit of ₹370-cr in FY22

Aptus Value Housing Finance makes profit of ₹370-cr in FY22

Aptus Value Housing Finance Ltd said that its profit after tax for the fiscal year ending March 31, 2022, was Rs 370 crore. 

During the same period last year, the city-based retail-focused housing finance company generated a profit after tax of Rs 267 crore. 

Disbursements increased to ₹1,641 crores in the fiscal year ending March 31, 2022, up from Rs 1,298 crore in the previous fiscal year.

According to company chairman and managing director M Anandan, “During FY2022, we disbursed Rs 1,641 crore registering a growth of 26 per cent year on year. We have built a strong branch network of 208 branches to deliver quality service to our customers”. 

“The company is well capitalised with a net worth of over Rs 2,900 crore. As on March 31, 2022, we have maintained a sufficient on balance sheet liquidity of Rs 846 crore including undrawn sanctions in the form of cash and cash equivalents,” he said.

According to the company, gross NPA was 1.19 per cent as of March 31, 2022, while net NPA was 0.88 per cent.

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