Aptus Value Housing Finance India Ltd. shares are in focus after the company announced their Q4 results yesterday. Net Profit rose 3.5% to Rs 176 crore versus Rs 170 crore, in the previous year.
Aptus Housing Q4 Result Highlights (Cons, YoY)
- Net Profit rises 3.5% at Rs 176 crore versus Rs 170 crore.
- Total income rises 7.29% at Rs 397 crore versus Rs 370 crore.
- To pay 2nd interim dividend of Rs 2.5 per share.
- Approves issuance of NCDs of up to Rs 3,000 crore.
Aptus Value shares are currently trading around 5% higher, at Rs 281.35 apiece, after touching a high of 9.09% earlier. Of the 20 analysts tracking this stock, 18 have a 'buy' call on it, and one hold, and one sell call each.
Brokerages have a broadly bullish view on the stock.
Investec On Aptus
- Maintain Buy with TP of Rs 315
- Growth resumes in Q4; Strong disbursement growth
- AUM was up 21% YoY; Disbursements grew 17% YoY
- PAT was broadly in line with ests
- Asset quality has improved
- Valuations are cheap for attractive return multiples
Jefferies On Aptus
- Maintain Buy with TP of Rs 365
- In Line PAT; Steady AUM Growth, AQ Slightly Better
- Better NII offset weaker other income
- Growth improved in Andhra Pradesh, was stable in Tamil Nadu and moderated in Telangana
- Credit cost was steady QoQ at 53 bps
Morgan Stanley On Aptus
- Maintain Overweight with TP of Rs 375
- 4% NII beat, PBT in-line, 20%+ ROE
- Lower tax rate drove 4% PAT beat
- Higher operating costs and lower other income drove PPOP
- Mgmt has guided for 22-24% AUM growth for FY27.
- Valuations at discount to Aavas and Home First despite similar earnings growth and the best ROEs
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