Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

Aptus Value Housing Q1 profit up 19%

by Tradinghow
August 3, 2023
in Economy, Stock Trading
A A
0
Aptus Value Housing Q1 profit up 19%
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Aptus Value Housing Finance Ltd’s profit increased 19 per cent at Rs 142.25 crore for the quarter ended June 30, 2023, compared to Rs 118.83 crore in the corresponding quarter last year. Revenues were up 98 per cent at Rs 296.80 crore, compared to Rs 233 crore last year. Sequentially, profits were higher by 5 per cent, compared to Rs 135.19 crore in the previous quarter.

According to an ICICI Securities report, Aptus Value Housing Finance’s RoE improved 16.9 per cent in Q1FY24, one of the highest within the AHFC (Affordable Housing Finance Company) space, compared to 16.3 per cent in Q4 FY23 and 15.9 per cent in Q1 FY23. This improvement in RoE is attributed to steady AUM (Assets Under Management) growth, which increased by 6 per cent QoQ (Quarter over Quarter). 

In Q1 FY24, profit after tax (PAT) at Rs 140 crore, marked a 20 per cent YoY growth and 5 per cent QoQ increase, on the back of a decrease in credit costs to 14 basis points (bps) from 48 bps in the previous quarter (Q4FY23). Additionally, staff costs reduced by 8 per cent QoQ. However, there was a 20 basis point QoQ increase in the cost of borrowing, reaching 8.3 per cent. Despite this, Aptus limited the spread contraction to only 5 bps QoQ, maintaining it at 8.85 per cent, due primarily to a 15 bps QoQ rise in asset yields.” 

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

The shares went up by 1.01 per cent to Rs 266 at 10.54 am on BSE. At 12.12 pm, the stock was trading at Rs 266, a gain of 1.20 per cent.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on August 3, 2023





Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In