Aptus Value Housing Finance India Ltd

Meeting Details

• Date: August 24, 2026.
• Type/Mode: Physical, One-on-One meeting.
• Venue: Chennai.
• Event: Investor/Analyst meeting hosted by Aptus Value Housing Finance India Ltd.

Participants

• Company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: Investor/Analyst meeting to discuss publicly available information.

Additional Notes

• Investor Presentation uploaded on company website and intimated to exchanges.
• Discussions will be based on publicly available information.

Transcript details

• Aptus Value Housing Finance India's Q1 FY26 earnings-call transcript covers quarter ended June 30, 2026.
• The call took place on Saturday, August 01, 2026.
• Transcript is available on Aptus' website.
• Management confirmed no unpublished price sensitive information was shared.

AGM Details

• Date and mode: 04 August 2026, via video conferencing.
• Attendance: 46 attendees via VC.

Key Resolutions and Results

• Resolution 1 (Ordinary): Adoption of financial statements; passed with majority support.
• Resolution 2 (Ordinary): Re-appointment of Ms Mona Kachhwaha as Independent Director; approved.
• Resolution 3 (Ordinary): Fixing borrowing limits; approved.
• Resolution 4 (Ordinary): Creation of charge/mortgage on assets; approved.
• Resolution 5 (Ordinary): Private placement of debentures approved.
• Resolution 6 (Ordinary): Aptus ESOP 2026 plan approved.
• Resolution 7 (Special): ESOP grant to subsidiary employees approved.

Director Changes

• Independent director Mona Kachhwaha reappointed; term not specified.

Business Overview

• Aptus Value Housing Finance focuses on retail housing finance with HL and SBL segments.
• Ticket sizes ₹8–20 lakh in HL and SME lending.
• Omni-channel sourcing, fully digital LOS, and in-house underwriting underpin growth.
• Risk-managed growth with 60+ customer profiles and centralized processing.

Key Operational Highlights

• 90% of loans approved within 72 hours.
• 100% in-house sourcing; multi-channel lead generation via Cust Bandhu apps, social media, and 372 branches.
• Mobile-first digital LOS with real-time APIs and OCR for faster onboarding.
• LTVs around 40% to support prudent risk management.
• Centralized underwriting and 60+ templates for risk profiling.
• 90 DPD monitored with 12–18 month risk horizon.

Financial Performance

• Q1 FY27 performance highlights presented; no explicit revenue or PAT figures in the chunk.
• Yield, spread, and opex to average AUM metrics showcased (values not disclosed).
• Surplus liquidity of ₹2,119.5 Cr available through December 2026.

Capital Structure & Liquidity

• No exposure to short-term CPs; 30+ lender relationships highlighted.
• Lower LTVs at ~40% and ongoing rating upgrade efforts.
• Relationships with public sector banks highlighted.

Strategic Priorities & Outlook

• Contiguous expansion in Maharashtra and Odisha; increase market share in existing markets.
• Strengthen sourcing via connectors, digital marketing, and Bandhu app.
• Explore opportunities to introduce new lending products.
• Fully digital LOS and mobile-first onboarding; focus on cost/credit efficiency.

Risks & Mitigation

• Credit risk managed via stage-wise disbursement and 60+ risk templates.
• Lower LTVs (~40%) as a risk mitigation.
• Cost optimization to support liquidity.

Governance & Leadership

• Independent Directors constitute the board.
• P. Balaji serves as Managing Director.
• Sanjay Mittal appointed Chief Financial Officer.
• John Vijayan appointed Chief Risk Officer.
• N. Srikanth appointed Senior Vice President – HR.
• ESOP plan implemented to retain employees.

Financial highlights

• AUM as of June 6: 13,648 Cr, up 21% YoY
• Disbursements in Q1 FY27: 1,053 Cr, up 36% YoY
• Net income margin: 441 Cr, up 19% YoY
• Net profit: 261 Cr, up 19% YoY
• RoA 7.8%, RoE 20.4%

Operational momentum

• Added 33 branches in Q1; total network 372
• Maharashtra and Odisha markets show encouraging traction

Strategic and management commentary

• MD comments momentum improving; growth initiatives progressing with tech enhancements
• Focus on onboarding higher-quality customers in core markets

Financial results approved

• Unaudited standalone and consolidated Q1 FY2026 results approved.
• Limited Review report with unmodified opinion included.

ESOP and capital actions

• 50,000 equity shares allotted under ESOP schemes.

Loans and asset transfers

• Loans not in default transferred to subsidiary Aptus Finance India Private Limited; 1,689 accounts, ₹15,549.91 lakhs.
• Stressed loans transferred to ARC; 536 accounts, ₹4,146.46 lakhs; profit ₹374.94 lakhs.

Security cover and auditor certificates

• Security cover certificate confirms asset cover above 100% for listed NCDs.
• Independent Auditor's Certificate confirms covenants complied and book values align with unaudited results.

Regulatory disclosures and oversight

• Annexures II and III attached; RBI/NHB disclosures and transfer of loan exposures.
• Audit Committee reviewed results; disclosures per Regulation 52(4) and 54(3).

Overview

• Consolidated BRSR for FY2025-26; AptusValue Housing Finance specializes in housing finance loans.
• Reporting boundary is consolidated; operations in India across 339 offices.
• Wholly owned Aptus Finance India Private Limited is the subsidiary.
• Audit: Reasonable assurance by Sundaram & Srinivasan.

Key ESG Risks & Opportunities

• Responsible lending and customer protection: material risk and opportunity; mitigations ongoing.
• Credit risk management and asset quality: robust underwriting; provisioning and recovery processes.
• Financial inclusion: expands access to formal credit for underserved segments.
• Employee development and diversity: training and inclusive culture drive productivity.
• Liquidity and funding risk: diversify sources and maintain buffers to manage costs.

Governance & Policy Highlights

• Executive Chairman oversees ESG; CSR Committee reviews ESG matters.
• Board-approved policies include anti-corruption, whistleblower, code of conduct, and equal opportunity.
• Policies translated into procedures; extended to value chain; board approves.
• ISO 27001:2022 certified; independent BRSR assurance by Sundaram & Srinivasan.
• No penalties reported; comprehensive anti-corruption framework.

Social Responsibility & Workforce

• Total employees 3,807; female 85; board female representation 14.3%.
• Turnover: permanent male 39%, female 37%; female return-to-work 77.78%, retention 53.85%.
• Well-being spend 0.25% of revenue; health, accident, and group-term life insurance.
• Training: BoD 3 sessions; KMP 1; employees 3,722 male, 85 female trained.
• Grievance channels: digital HR platform; whistleblower policy; customer complaints 240 FY2026; 354 FY2025.
• CSR focus areas: education, health, skill development, solar energy, community infrastructure.

Environmental Performance

• Total energy 3,862.77 Gj; non-renewable 3,679.92 Gj; intensity 1.76 Gj/turnover; PPP 35.84.
• GHG emissions: Scope 1 7.40 Mt CO2e; Scope 2 693.91 Mt CO2e; total 701.31 Mt.
• Water withdrawals: groundwater 49,681.4 KL; water intensity 0.00000227 KL/turnover; PPP 460.95.
• E-waste disposed 0.042 tonnes; prior year 1.086 tonnes; no plastics or hazardous waste reported.
• ISO 27001; energy-efficiency branch expansion target by FY2028.

Stakeholder Engagement & Complaints

• Stakeholders include customers, employees, investors, regulators, lenders, communities/NGOs.
• Engagement channels: branches, apps, emails, investor calls; frequency regular/need-based.
• Customer complaints: 240 FY2026; 354 FY2025; no unresolved at year-end.

Other Notable Metrics

• Data privacy: ISO 27001; no data breaches or POSH complaints; cyber policy in place.
• Sourcing: 2.43% inputs from MSMEs; 100% inputs sourced domestically.
• CSR beneficiaries: Education 11,124; Health 13,600; Skill 420; Solar 5,600; Community infra 2,800.
• CSR well-being spend: 0.25% of revenue in FY2026; 0.19% in FY2025.
• Public policy: no lobbying; member of Finance Industry Development Council (FIDC).
• BRSR assurance: Sundaram & Srinivasan conducted reasonable assurance.

Financial performance

• Consolidated total income ₹2,24,548 lakhs; PAT ₹94,294 lakhs.
• Standalone ROA 7.9% and ROE 20.1%.
• AUM grew ~21% YoY; disbursements +11% in FY26.
• Gross spread 8.9%; cost of borrowings 8.3%; NIM 13.3%.
• CRAR 71%; AA Stable upgrades by ICRA and CARE.
• Dividend: two interim dividends declared; no final dividend recommended.
• AA rating upgrade enhances capital access; funding diversified across 25+ lenders.

Market position & expansion

• 339 branches across 6 states + 1 UT; ~1.88 lakh borrowers.
• Contiguous expansion into Maharashtra and Odisha; ~65 new branches planned FY27.
• Ticket mix: HL ~40% LTV; QHL ~40% LTV; SBL secured by property.
• Discontinued all loan sanctions from July 2025 to upgrade portfolio quality.
• In-house underwriting using 50+ data points; 82.3% AA data integration.
• Digital focus: 92% loan agreements executed digitally; 94% collections digitally.

Asset quality & risk management

• GNPA 1.52%; NNPA 1.15%; credit cost guided at 50 bps ±10.
• Q4 FY26 collection efficiency 100.5%; 30+ DPD 6.21%.
• Karnataka collections weaker; strengthened collections oversight.
• Account aggregator penetration 82.3% in Q4 FY26.
• 82% fixed-rate lending; fixed yields cushion CoF in rate-down cycles.

Capital, liquidity & funding

• CRAR 71%; liquidity buffers and undrawn lines from 25+ lenders.
• LCR 181-212% across reporting quarters; robust liquidity planning.
• Diversified funding: debt securities, bank borrowings, NCDs; AA Stable rating.
• No equity raised since IPO (FY21); capacity for growth headroom.

Governance & leadership

• Board of 7 directors; 5 Independent incl. 1 woman; Mukul Mathur joined 18 Mar 2026.
• Ms. Mona Kachhwaha reappointed as Independent Director May 2026 for 2 years.
• ESOP 2021 nearing exhaustion; Aptus ESOP 2026 approved; up to 30 lakh options.
• Statutory Auditors: Sundaram & Srinivasan; unmodified opinions; no fraud reported.
• Secretarial & RBIA: S. Sandeep & Associates; governance framework strong.

ESG & CSR

• Double materiality: financial inclusion highest material topic; score 18.5/20.
• CSR: 34,000+ lives impacted; broad actions in healthcare, education, and community infra.
• ISO 27001:2022 certified; 82.3% AA penetration; 92% digital agreements; 94% digital collections.
• BRSR assurance provided by Sundaram & Srinivasan.
• Limited environmental footprint; e-waste responsibly disposed (42 kg in FY26).

AGM & outlook

• 17th AGM on 4 Aug 2026; notices issued; remote e-voting Aug 1-3.
• Resolutions include Mona Kachhwaha reappointment; borrowing limits; creation of charges; NCD private placement; ESOP 2026.
• FY27 outlook: strongest balance sheet, broad geographic presence, disbursement momentum.
• Strategy emphasizes financial inclusion, digital transformation, and disciplined underwriting.