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Aptus Value Housing Finance India announced Financial Results Q1 2024

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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 29.22 % in the past year, substantial increase in net sales/revenue by 5.44 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 4.96 %. Marginal decrease of -41.65% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Aptus Value Housing Finance India Limited. Notable increase of 20.73 % in net profit Year to Year, Aptus Value Housing Finance India Limited’s profitability increased by 4.7 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 20.28 % Year to Year. EPS increased by 4.56 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Aptus Value Housing Finance India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 305.631 Cr Rs. 374.545 Cr Rs. 394.937 Cr + 5.44 % + 29.22 %
Expenses Rs. 44.75 Cr Rs. 65.28 Cr Rs. 60.54 Cr -7.26 % + 35.28 %
Operating Profit Rs. 260.88 Cr Rs. 309.27 Cr Rs. 334.4 Cr + 8.13 % + 28.18 %
OPM % 85.36 % 82.57 % 84.67 % + 2.1 % -0.69 %
Other Income Rs. 9.235 Cr Rs. 16.611 Cr Rs. 9.693 Cr -41.65 % + 4.96 %
Interest Rs. 84.74 Cr Rs. 108.52 Cr Rs. 119.87 Cr + 10.46 % + 41.46 %
Depreciation Rs. 1.95 Cr Rs. 2.33 Cr Rs. 2.61 Cr + 12.02 % + 33.85 %
Profit before tax Rs. 183.43 Cr Rs. 215.03 Cr Rs. 221.61 Cr + 3.06 % + 20.81 %
Tax % 22.44 % 23.72 % 22.5 % -1.22 % + 0.06 %
Net Profit Rs. 142.26 Cr Rs. 164.03 Cr Rs. 171.75 Cr + 4.71 % + 20.73 %
EPS in Rs Rs. 2.85 Rs. 3.27 Rs. 3.42 + 4.59 % + 20 %


Today, we’re looking at Aptus Value Housing Finance India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 29.22 %. However, it did see a marginal increase of 5.44 % from the previous quarter. Expenses decreased slightly by -7.26 % quarter-on-quarter, aligning with the annual rise of 35.28 %. Operating profit, while up 28.18 % compared to last year, faced a quarter-on-quarter increase of 8.13 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.69 %, but an expansion of 2.1 % sequentially. Other income fell by -41.65 % compared to the last quarter, despite an annual growth of 4.96 %. Interest expenses surged remarkably by 10.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.46 %. Depreciation costs climbed by 12.02 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.85 %. Profit before tax grew annually by 20.81 % but saw an increase from the preceding quarter by 3.06 %.
Tax expenses as a percentage of profits increased slightly by 0.06 % compared to last year, with a more notable quarter-on-quarter decrease of -1.22 %. Net profit rose by 20.73 % year-on-year but experienced a 4.71 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20 % but a quarterly rise of 4.59 %. In summary, Aptus Value Housing Finance India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 305.631 Cr Rs. 374.545 Cr Rs. 394.937 Cr + 5.44 % + 29.22 %
Expenses Rs. 44.75 Cr Rs. 65.28 Cr Rs. 60.54 Cr -7.26 % + 35.28 %
Operating Profit Rs. 260.88 Cr Rs. 309.27 Cr Rs. 334.4 Cr + 8.13 % + 28.18 %
Net Profit Rs. 142.26 Cr Rs. 164.03 Cr Rs. 171.75 Cr + 4.71 % + 20.73 %
EPS in Rs Rs. 2.85 Rs. 3.27 Rs. 3.42 + 4.59 % + 20 %


In reviewing Aptus Value Housing Finance India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.22 % year-on-year growth, however, there was a minor increase of 5.44 % from the previous quarter. Expenses rose by 35.28 % compared to the previous year, with a decrease of -7.26 % quarter-on-quarter. Operating Profit surged by 28.18 % annually, and saw a 8.13 % increase from the last quarter.
Net Profit showed yearly increase of 20.73 %, and experienced a 4.71 % increase from the previous quarter. Earnings Per Share (EPS) rose by 20 % annually, however rose by 4.59 % compared to the last quarter. In essence, while Aptus Value Housing Finance India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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