Shares of Aptus Value Housing Finance India sank nine percent in the early session on Tuesday, June 3, as a block deal involving 3.71 crore shares took place on the bourses.
Around 7.44 percent equity, worth Rs 1,141 crore was exchanged in a large trade, at the price of Rs 307per share. This represents a discount to the previous session's closing price of Rs 336.50.
According to CNBC-TV18, the private equity firm Westridge Investments was looking to divest an 9.8 percent stake in the firm.
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Aptus Value Housing Finance India posted a 26 percent year-on-year rise in net profit for the March quarter of FY25, driven by robust disbursement growth and improved operational performance. Net profit stood at Rs 207 crore, up from Rs 164 crore in the corresponding period last year.
Loan disbursements grew 10 percent year-on-year to Rs 1,064 crore, indicating stable demand across its operating regions. Assets under management (AUM) rose 25 percent to Rs 10,865 crore as of March 31. During FY25, the company added 38 new branches, expanding its network to 300 locations.
YES Securities said, "Structurally we remain bullish on Aptus Value Housing Finance India as it has stronger moats than peers (Home First and Aavas), which is reflected in much lower BT pressure, resilient Spread performance, restrained opex and higher RoE."
Further, Aptus Value Housing Finance India also differentiates with its high founder promoter holding at ~25 percent. The brokerage added that the valuation stands at 15x P/E on FY27 estimates, which is attractive in the context of envisaged strong growth and RoE delivery.
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