Q3 2024 Aptus Value Housing Finance India Ltd Earnings Call Transcript
Key Points
- AUM grew by 28% year on year to INR8,702 crores.
- Disbursements increased 25% year on year to INR2,159 crores.
- Net worth stands at INR3,500 crores, indicating robust capital adequacy.
- NIM was at 13.37%, showcasing strong profitability.
- Total live customers grew by 25% year on year to 1,25,000.
- Collection efficiency dropped marginally by 7 basis points to 99.65% due to unprecedented rains and floods in Tamil Nadu.
- 30 plus DPD improved only marginally by 23 basis points to 6.04% year on year.
- Net NPA was at 0.89%, which, while low, still indicates some level of non-performing assets.
- Incremental cost of borrowing has increased slightly, impacting overall cost structure.
- Growth in Tamil Nadu was slower due to staffing issues and floods, affecting overall performance.
Ladies and gentlemen, good day and welcome to the Q3 FY24 earnings conference call of Aptus Value Housing Finance India Limited hosted by Dolat Capital. (Operator Instructions) Please note that this conference is being recorded. And I now hand the conference over to Ms. Mona Khetan. Thank you and over to you, ma'am.
Thank you, Muskaan. Good evening, everyone, and welcome to the earnings conference call of Aptus Value Housing Finance India Limited to discuss the Q3 and nine months FY24 performance. We have with us the senior management for Aptus to share industry and business update. I would now like to hand over to Mr. Anandan for his opening comments. Thank you and over to you, sir.
Yes. Thank you, Mona. Ladies and gentlemen, good afternoon to all of you. I'm Anandan, Executive Chairman of the company. I welcome you all to the conference call to discuss the company's performance
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