Trading & Financial News
No Result
View All Result
Saturday, September 23, 2023
  • 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.” 

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

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023

Learn how to trade. For beginners

July 29, 2023
India’s parliamentary panel says tax dept should conduct evasion searches with caution

India’s parliamentary panel says tax dept should conduct evasion searches with caution

July 27, 2023

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

0

UK Faces Two Decades of No Earnings Growth and More Austerity

0

Learn how to trade. For beginners

0

Trading for beginners

0
Broker’s Call: Blue Dart Express (Buy)

Broker’s Call: Blue Dart Express (Buy)

September 23, 2023
Consensys Announces Sunset of Ganache and Truffle Toolkits, Marking the End of an Era for Ethereum Development

Consensys Announces Sunset of Ganache and Truffle Toolkits, Marking the End of an Era for Ethereum Development

September 23, 2023
Assam’s Biswanath Ghat named ‘Best Tourism Village of India 2023

Assam’s Biswanath Ghat named ‘Best Tourism Village of India 2023

September 23, 2023
The “Asian Games Letterbox” Malaysia Stop Concludes with Resounding Success, with Great Anticipation from the Local Populace for the Asian Games Hangzhou 2022

The “Asian Games Letterbox” Malaysia Stop Concludes with Resounding Success, with Great Anticipation from the Local Populace for the Asian Games Hangzhou 2022

September 23, 2023

Recent News

Broker’s Call: Blue Dart Express (Buy)

Broker’s Call: Blue Dart Express (Buy)

September 23, 2023
Consensys Announces Sunset of Ganache and Truffle Toolkits, Marking the End of an Era for Ethereum Development

Consensys Announces Sunset of Ganache and Truffle Toolkits, Marking the End of an Era for Ethereum Development

September 23, 2023

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 credible news sources around the world from 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 credible news sources around the world from 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