Aptus Value Housing Finance Q1 FY26 Results

Aptus Value Housing Finance reported a 28% YoY rise in consolidated net profit to ₹219.25 crore for Q1 FY26, driven by a 23% increase in interest income to ₹469.53 crore and strong operational efficiency. Revenue from operations grew 32% to ₹520.26 crore. The company maintained healthy spreads at 8.7%, with operating expenses low at 2.7%, boosting operating PAT growth by 31% YoY to ₹296 crore. Disbursements stood at ₹775 crore (up 15% YoY, down 27% QoQ), while AUM rose 24% to ₹11,267 crore. Asset quality saw a slight deterioration: GNPA rose to 1.5% (from 1.19% in Q4FY25), and Net NPA increased to 1.12% (from 0.89%), attributed to seasonal delinquency. Credit cost rose 8 bps but remains within the 45–50 bps guidance. Bernstein in an earlier note, noted Aptus is well-positioned in a falling rate environment, thanks to its high share of fixed-rate loans and growing small business lending. With solid margins, disciplined credit control, and attractive valuations, the company appears poised for sustained growth.