Aptus Value Housing Finance Q2 profit rises 18% to Rs 267.38 crore

Aptus Value Housing Finance India Limited reported consolidated profit after tax of Rs 267.38 crore for the quarter ended September 30, 2026, up 18% from Rs 226.55 crore a year earlier, as total income increased 14.6% to Rs 634.67 crore. Total expenses rose 13.5%, led by higher employee benefits and impairment of financial instruments.

How did Aptus Value Housing Finance perform in Q2?

Aptus Value Housing Finance increased consolidated profit after tax to Rs 267.38 crore in the September 2026 quarter, from Rs 226.55 crore in the September 2025 quarter and Rs 260.94 crore in the preceding June 2026 quarter. Profit before tax rose to Rs 340.29 crore from Rs 294.26 crore a year earlier, while total comprehensive income was Rs 267.40 crore.

Aptus Value Housing Finance reported basic earnings per share of Rs 5.34 for the September 2026 quarter, compared with Rs 4.54 a year earlier and Rs 5.23 in the June 2026 quarter. Diluted earnings per share were also Rs 5.34, against Rs 4.51 in the September 2025 quarter, while quarterly earnings per share were not annualised.

What drove Aptus Value Housing Finance's income increase?

Aptus Value Housing Finance's income growth was led by interest income, which increased 16.5% year on year to Rs 550.76 crore in the September 2026 quarter from Rs 472.71 crore. Total revenue from operations rose to Rs 623.58 crore from Rs 544.04 crore, and other income increased to Rs 11.09 crore from Rs 9.65 crore.

Fees and commission income rose to Rs 17.16 crore from Rs 15.13 crore, while net gains on fair-value changes were broadly unchanged at Rs 6.22 crore, compared with Rs 6.21 crore. Net gain on derecognition of financial instruments at amortised cost declined to Rs 49.44 crore from Rs 49.99 crore, leaving interest income as the main contributor to the expansion in operating revenue.

For the half year ended September 30, 2026, Aptus Value Housing Finance recorded total income of Rs 1,245.32 crore, compared with Rs 1,083.83 crore in the comparable prior-year period. Half-year profit after tax rose to Rs 528.32 crore from Rs 445.80 crore, while interest income increased to Rs 1,079.92 crore from Rs 942.25 crore.

Which expenses rose during Aptus Value Housing Finance's Q2?

Aptus Value Housing Finance's total expenses increased to Rs 294.37 crore in Q2 from Rs 259.42 crore a year earlier, a 13.5% rise that was below the 14.6% increase in total income. Finance costs, the largest cost category, rose to Rs 171.45 crore from Rs 165.01 crore.

Employee benefits expense rose 33.5% to Rs 70.86 crore from Rs 53.06 crore, while impairment of financial instruments increased 32.0% to Rs 23.88 crore from Rs 18.09 crore. Depreciation and amortisation rose to Rs 3.92 crore from Rs 3.20 crore, and other expenses increased to Rs 24.27 crore from Rs 20.06 crore.

Tax expense was Rs 72.91 crore in Q2, compared with Rs 67.71 crore in the September 2025 quarter. Current tax increased to Rs 59.50 crore from Rs 55.07 crore, and deferred tax rose to Rs 13.41 crore from Rs 12.65 crore as profit before tax increased by Rs 46.03 crore year on year.

What changed in Aptus Value Housing Finance's balance sheet?

Aptus Value Housing Finance's consolidated loans increased to Rs 12,501.72 crore at September 30, 2026, from Rs 11,929.58 crore at March 31, 2026. Total assets rose to Rs 13,974.51 crore from Rs 13,047.66 crore over the six-month period, while investments increased to Rs 665.93 crore from Rs 240.15 crore.

Cash and cash equivalents declined to Rs 317.24 crore at September 30 from Rs 563.32 crore at March 31, while bank balances other than cash equivalents rose to Rs 55.60 crore from Rs 27.42 crore. Assets held for sale increased to Rs 93.30 crore from Rs 41.18 crore, and right-of-use assets rose to Rs 37.56 crore from Rs 30.02 crore.

Borrowings other than debt securities increased to Rs 7,357.33 crore from Rs 6,539.13 crore, whereas debt securities declined to Rs 1,028.66 crore from Rs 1,334.54 crore. Total equity rose to Rs 5,467.50 crore from Rs 5,060.04 crore, including other equity of Rs 5,367.33 crore at September 30, 2026.

How did loan transfers and cash flow affect Aptus Value Housing Finance?

Aptus Value Housing Finance used Rs 172.45 crore in operating activities during the half year ended September 30, 2026, compared with an operating cash outflow of Rs 127.95 crore in the corresponding 2025 period. The cash-flow statement recorded a Rs 671.59 crore increase in loans as a working-capital outflow, compared with Rs 447.52 crore a year earlier.

Investing activities used Rs 440.30 crore, compared with Rs 225.00 crore in the prior-year half year, while financing activities generated Rs 366.67 crore. The resulting net decrease in cash and cash equivalents was Rs 246.08 crore, compared with an increase of Rs 8.58 crore in the corresponding 2025 period.

During the September 2026 quarter, Aptus Value Housing Finance assigned 2,514 loan accounts amounting to Rs 232.93 crore through two transactions, with retention of beneficial economic interest of 10.0%. It also transferred 1,541 stressed-loan accounts through two asset reconstruction company transactions, involving Rs 88.99 crore of loans, net book value of Rs 66.74 crore, aggregate consideration of Rs 65.85 crore and a reported loss of Rs 88.99 lakh.

Conclusion

Aptus Value Housing Finance's September-quarter results combined higher profit and income with a larger consolidated loan balance. Interest income rose by Rs 78.05 crore year on year, while employee benefits expense increased by Rs 17.80 crore and impairment expense by Rs 5.79 crore; loans expanded by Rs 572.14 crore from March 31, 2026.

The next disclosed matter to watch is the proposed Aptus ESOS 2026, which the board approved subject to member approval. Separately, Aptus Value Housing Finance allotted 87,500 equity shares during the quarter and half year ended September 30, 2026 after employees exercised options under existing approved schemes.