Aptus Value Housing Finance India Limited · NSE:APTUS
Aptus Value Housing Finance India — Q3 FY26 Earnings Presentation
50 slides from Aptus Value Housing Finance India's earnings presentation, Feb 4, 2026
Slide 1: Cover letter to stock exchanges
Ref No: APTUS/04-FEB/2025-26 February 04, 2026 To, To, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Scrip Code: 543335 Mumbai – 400 051 Scrip Symbol: APTUS Dear Sir/Madam, Su
Slide 2: Investor Presentation Q3/9M FY26
1 Aptus Value Housing Finance India Limited Investor Presentation | Q3/9M FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”) which have been prepared by Aptus Value Housing Finance India Limited (the “Company”) have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Snapshot: Q3 FY26
Snapshot: Q3 FY26 YoY QoQ Business Distribution Asset Quality Capital Profitability ₹ 12,330 Cr 1.79 L 1.56% ₹ 4,797 Cr ₹ 325 Cr AUM Customers GNPA Net-Worth PPoP 21% 5% 17 % 4% 28 bps 1 bps 17% 3% 26% 4% ₹ 1,030 Cr 3,857 1.18% 70.5% ₹ 239 Cr Disbursement Employees NNPA CRAR* PAT@ 11% 7% 21 % 4% 22
Slide 5: Snapshot: 9M FY26
Snapshot: 9M FY26 YoY Business Distribution Asset Quality Capital Profitability ₹ 12,330 Cr 1.79 L 1.56% ₹ 4,797 Cr ₹ 933 Cr AUM Customers GNPA Net-Worth PPoP 21% 17% 28 bps 17% 28% ₹ 2,768 Cr 3,857 1.18% 70.5% ₹ 685 Cr Disbursement Employees NNPA CRAR* PAT@ 9% 21% 22 bps 550 bps 26% 17.3% 335 25.0%
Slide 6: Management's Perspective
Management’s Perspective Commenting on the results, Mr. P. Balaji, Managing Director, said, “Q3 FY26 sustained the sequential momentum, aided by stable business growth and prudent portfolio management. AUM grew 21% to ₹12,330 Cr in Q3 FY26, driven by disbursements growth of 11% to ₹1,030 Cr. We expa
Slide 7: About Us
About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
Slide 8: Introduction
Introduction Providing home and small business loans to primarily self-employed customers in semi-urban areas for past 16 years Focused on Self-employed borrowers Focused on home loan for the first time buyers. in Tier-II/III/IV locations Regulated by RBI and NHB. Run by professional management back
Slide 9: Our Journey
Our Journey CAGR Rating Upgrade 28% Crossed ₹10,000 Cr AUM & from CARE and ICRA to AA Opened 300th FY 20 – FY 25 Branch 12,330 10,865 Listed on Stock Exchanges & Rating Upgraded to 8,722 ICRA AA- Stable Crossed 20% 6,738 RoE Equity From 5,180 Marquee AUM (₹Cr) Investors 4,086 100th Expanded to Branc
Slide 10: Key Strengths
Key Strengths Building the Next Phase of Growth Strong Governance and Outside South India Professional Management Unique Customer Value Proposition Fully In-house, Cost-efficient Model Good Asset Quality and Credit Advanced Technology Capabilities Discipline Sustainable Returns through a Diversified
Slide 11: Key Growth Strategies
Key Growth Strategies Continued Deepen Continue to Continued Focus on HL & presence in leverage focus on Strengthen existing states technology for productivity & focus on SBL and expand into efficiency Credit Cost newer markets • Large headroom in retail • Pursue the strategy of • Rule-based engines
Slide 12: Historical Performance
Historical Performance ₹Cr Particulars FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 CAGR No. of Branches (#) 175 190 208 231 262 300 335 No. of Customers (#) 43,987 58,069 83,565 1,07,146 1,33,499 1,61,597 1,78,844 Disbursements 1,271 1,298 1,641 2,395 3,127 3,604 2,768 AUM 3,179 4,068 5,180 6,738 8,
Slide 13: Organizational Overview
About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management 12
Slide 14: Granular Book With Niche Customer Focus
Granular Book With Niche Customer Focus Home loan Quasi Home Loan Small Business Loan Self-employed Self-occupied residential property Self-employed Target Low/Middle Income Families Home construction/purchase Primarily used for business purpose Segment Tier-2/3/4 cities Tier-2/3/4 cities Tier-2/3/4
Slide 15: Contiguous Branch Expansion
Distribution Contiguous Branch Expansion Strategy Contiguous Branch Expansion ✓ We follow a contiguous expansion strategy to grow our presence. ✓ Before entering a geography, the following key factors are considered, ✓ Regional demographics, urbanization levels, and competitive intensity. ✓ Loan del
Slide 16: Fully In-house Model
Fully In-house Model Business 2,258 Origination 01 02 …Leading to Desired Business Outcomes Pricing Reduced Power TAT 333 Credit 299 Legal & technical 03 04 Fully In-House Team.. 743 Collection Low Reduced Takeover Operational Risk 224 HO / Operations 15
Slide 17: Technology, Risk, Underwriting & Collections
About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management 16
Slide 18: Technology Landscape
Technology Landscape Customer Relationship Digital Marketing & Service Lead generation through Automated CRM and customer Campaigns. Brand, Product and service requests service awareness. Lead Enrichment Customer Onboarding Business Intelligence & Analytics A mobile-first fully integrated digital “P
Slide 19: Mobile-First Fully Digital LOS
Mobile-First Fully Digital LOS Omni – Channel Lead Sourcing Credit Legal Account Aggregator Digital Agreements Customer App CIC (Credit Information 5.7% Existing Customer Referrals Companies) through customer service APP Bandhu App Referral App to generate 12.8% leads Unifying construction ECO Syste
Slide 20: Fully Digital LOS
Technology Update Key Features Complete Auto lead Digital Integrated lead lifecycle allocation application & APIs for KYC, visibility UPI, E-NACH Fully Digital LOS system docs. upload Real-time Lower Improved Faster TAT & analytics cheque collections & process dashboards bounce rates compliance disc
Slide 21: Risk & Data Science Backed Centralized Underwriting
Risk & Data Science Backed Centralized Underwriting Risk Management Tech - Intervention Centralized Processing Loans approved within 72 hrs • Tech enabled evaluation • Consistency in > 90 % • 50 + key data points of customers with 100+ underwriting with are collected for data points expertise in sta
Slide 22: Robust Underwriting and Collections
Robust Underwriting and Collections 100% In-House Sourcing Leveraging Technology Lead Generation through Digital Onboarding and KYC • A mobile-first fully integrated digital LOS for customer • Cust app, Bandhu app on-boarding. • Social media • Integration of Real-time APIs, OCR, and Account • 335 Br
Slide 23: Sustainability
About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management 22
Slide 24: Sustainability
Sustainability Financial Inclusion Sustainable Practices Customer-Centric Social Impact ✓ Underserved borrowers ✓ Digital processes ✓ Borrower empowerment ✓ Expanding access in Tier 2, 3, 4 towns ✓ Resource conservation initiatives ✓ Transparent lending processes Employee Welfare Strong Corporate Go
Slide 25: Digital Initiatives for a Greener Tomorrow
Digital Initiatives for a Greener Tomorrow % of Digital Collections % of Digital Agreements % of Customers on App % Account Aggregator Penetration 97.9% 94.8% 91.9% 81.1% E-Nach Mandate 100% Q3 FY26 Q3 FY26 Q3 FY26 Q3 FY26 e-KYC & e-Stamping & Customer Bandhu HRMS Platform e-Signature e-NACH App App
Slide 26: Building Social Capital
Building Social Capital Financial Inclusion Corporate Social Employee Welfare Responsibility • Promoting financial • Strengthening access to • Hiring local talent in access in underserved inclusive and quality rural and semi-urban areas education areas • Empowering informal • Building employability
Slide 27: Creating Lasting Impact
Creating Lasting Impact Education Upliftment ➢ Classroom construction ➢ Tribal education facilities ➢ School sanitation infrastructure ➢ Hostel infrastructure support ➢ Special education facilities ➢ School transport support 26
Slide 28: Enabling Better Health
Enabling Better Health Community Development ➢ Healthcare infrastructure strengthened ➢ Medical equipment access ➢ Mobile healthcare services ➢ Disability support initiatives ➢ Advanced diagnostic facilities ➢ Community welfare infrastructure
Slide 29: Strong Governance Culture
Strong Governance Culture Committees Corporate Governance Resilient & Compliant Board Level Leadership • Audit • Diverse board with tech, • Nomination and Remuneration • Dedicated CRO for risk finance, risk expertise • Corporate Social Responsibility identification and mitigation • Our board enhance
Slide 30: Business Highlights
About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management 29
Slide 31: Diverse Products for Niche Segment
Diverse Products for Niche Segment Secured Portfolio – Home Loans (HL) / Small Business Loans (SBL) 3% 4% Home Loans 24% Quasi Home Loans Small Business Loans & HFC NBFC Non-HLs Insurance Loans 69% Top up Loans 100% AUM : ₹8,739 Cr AUM : ₹3,591 Cr LIG Largely Self Employed Rural 75% 76% Customers 84
Slide 32: Performance Highlights: 9M FY26
Performance Highlights : 9M FY26 YoY AUM (₹Cr) Disbursements (₹Cr) Gross NPA (%) 12,330 2,540 2,768 1.56% 10,226 1.28% 9M FY25 9M FY26 9M FY25 9M FY26 9M FY25 9M FY26 21% 9% 28 bps PAT (₹Cr) ROA (%) ROE (%) 685 20.0% 7.9% 18.5% 544 7.7% 9M FY25 9M FY26* 9M FY25 9M FY26 9M FY25 9M FY26 26% 18 bps 150
Slide 33: Performance Highlights: Q3 FY26
Performance Highlights : Q3 FY26 YoY QoQ AUM (₹Cr) Disbursements (₹Cr) Gross NPA (%) 11,767 12,330 1,030 1.55% 1.56% 10,226 930 963 1.28% Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 21% 5% 11% 7% 28 bps 1 bps PAT (₹Cr) ROA (%) ROE (%) 20.0% 20.2% 239 18.8% 227 7.9% 7.9% 7
Slide 34: Yield, CoB & Spread
Yield, CoB & Spread Yield Cost of Borrowings 17.0% 16.9% 17.0% 17.3% 17.4% 17.3% 17.4% 17.4% 17.4% 17.3% 17.2% 8.4% 7.7% 8.1% 8.6% 8.7% 8.4% 8.7% 8.7% 8.6% 8.4% 8.3% FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Spread (%) 8.6% 9.2% 8.9% 8.7% 8.7% 8.9% 8.7% 8.7% 8.7%
Slide 35: Efficient Operating Cost Model
Efficient Operating Cost Model Opex (%) 2.7% 2.7% 2.7% 2.7% 2.6% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 2.8% 2.8% 2.7% 2.7% 2.6% 2.5% FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 34
Slide 36: Asset Quality
Asset Quality Gross NPA (%) Net NPA (%) 1.49% 1.55% 1.56% 1.12% 1.17% 1.18% 1.28% 1.19% 0.96% 0.89% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Collection efficiency (%) 30 + DPD (%) 101.16% 6.45% 6.34% 6.48% 99.35% 99.12% 99.36% 99.10% 6.21% 5.91% Q3 FY25 Q4 FY25
Slide 37: Provision for Expected Credit Loss (ECL)
Provision for Expected Credit Loss (ECL) ₹Cr Consolidated Particulars As on As on As on 31-Dec-25 30-Sep-25 31-Dec-24 Gross Stage 3 184.4 176.9 130.8 % portfolio in Stage 3 1.6% 1.5% 1.3% ECL Provision Stage 3 46.1 44.2 32.7 Net Stage 3 138.3 132.7 98.1 Provision coverage ratio (PCR) 25.0% 25.0% 25.
Slide 38: Financials, Treasury & Capital Management
About Us Our Markets Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management 37
Slide 39: Consolidated Statement of Profit and Loss
Consolidated Statement of Profit and Loss ₹Cr 9M FY26 Particulars Q3 FY26 Q2 FY26 9M FY26 9M FY25 Vs 9M FY25 Interest Income 488 473 1,431 1,220 Net Gain on derecognition of financial 47 50 129 0 instruments Fee and Other Income 33 31 93 85 Interest Expenses (162) (165) (488) (391) Net Income Margin
Slide 40: Consolidated Balance sheet
Consolidated Balance sheet ₹Cr As on As on As on 31-Mar-25 Particulars 31-Dec-25 31-Dec-24 Liabilities & Equity 100 Share capital 100 100 4,217 Reserves &surplus 4,697 4,008 4,317 Net worth 4,797 4,108 6,847 Borrowings 7,515 6,435 80 Other Liabilities & Provisions 85 78 11,244 Total Liabilities & Eq
Slide 41: RoA Tree (based on Avg AUM)
RoA Tree (based on Avg AUM) Particulars 9M FY26 9M FY25 Revenue from Operations 17.1% 17.9% Net Gain on derecognition of financial 1.5% 0.0% instruments Other Income 0.4% 0.6% Total Revenue 19.0% 18.5% Interest Expenses (5.6%) (5.5%) Net Income Margin 13.4% 12.9% Operating Expenses (2.7%) (2.6%) Cre
Slide 42: Robust Funding Management and Credit Profile
Robust Funding Management and Credit Profile Diversified and Balanced Funding Mix 25+ Lender Relationships Sources of funds mix(%) No Exposure to Short term loan incl CPs NHB 11.1% Mutual Refinance Funds 12.3% Banks Securitization DFI Insurance 59.1% 17.5% Private Sector NCDs Banks Avg. Tenure 9M FY
Slide 43: Asset and Liability Maturity Pattern
Asset and Liability Maturity Pattern (₹Cr) Surplus 1,154 <3 Months 1,656 502 3-6 Months 877 205 1,081 6m -1 Year 1,486 470 1,955 1-3 Years 4,421 5,374 953 3-5 Years 2,194 4,868 2,674 5-7 Years 1,034 3,884 2,850 7-10 Years 658 2,654 1,996 >10years 160 669 509 Outflows Inflows Position as on 31st Dece
Slide 44: Fixed Vs Floating (Assets Vs. Liabilities)
Fixed Vs Floating (Assets Vs. Liabilities) Loan Assets & Borrowings (₹Cr) 31st December-25 11,792 11,792 Floating Rate Lending 18% Floating Rate Borrowings 39% Fixed Rate Borrowings Fixed Rate Lending 25% 82% Equity 36% Loan Assets Borrowing/Equity Equity Fixed Floating Gap between Loan Assets & Bor
Slide 45: Comfortable Liquidity Position/ Capital Adequacy
Comfortable Liquidity Position/ Capital Adequacy A. Liquidity (₹Cr) As on Particulars 31-Dec-25 Cash & Cash equivalents 490.5 Unavailed Sanctions from Banks 1,387.0 Total 1,877.5 Particulars Q4 FY26 Q1 FY27 Opening Liquidity 1,877.5 2,018.2 ₹2,143.1 Cr Add: Loan repayment & Surplus from Operations 1
Slide 46: Diverse Investor Base
Diverse Investor Base Shareholding as on 31st December’25 Founder Promoter Holding (%) FIIs & FPIs Holding (%) Public & M. Anandan 23.9 Malabar Others FIIs & FPIs 5.9 DIIs Holding (%) Capital Research 5.5 15.7% Ward Ferry SBI MF 9.4 3.9 33.2% Vanguard US 3.1 Kotak MF 4.2 23.9% Aditya Birla MF 2.4 Ab
Slide 47: Annexures
Annexures 46
Slide 48: Strong Corporate Governance, Distinguished Board
Strong Corporate Governance, Distinguished Board Chairman Managing M. Anandan Director Executive Chairman Non-Executive Anand Raghavan Independent Mona Kachhwaha Former partner – VG Kannan Director – RMBS Ernst & Young Directors Former- MD, Development Former VP – SBI Company Sundaram Finance Subba
Slide 49: Experienced Professional Management
Experienced Professional Management P. Balaji Several years of experience in financial Services Managing Director including HFC 30+ yrs of experience C.T. Manoharan Sanjay Mittal ED & Chief Business Officer Chief Financial Officer 30+ yrs of experience 20+ yrs of experience Rich experience in housin
Slide 50: THANK YOU
49 THANK YOU For further information, please contact: Investor Relations – Aptus Value Housing Finance investorrelations@aptusindia.com
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