Aptus Value Housing Finance India Limited · NSE:APTUS
Aptus Value Housing Finance India — Q2 FY26 Earnings Presentation
50 slides from Aptus Value Housing Finance India's earnings presentation, Oct 31, 2025
Slide 1: Exchange filing cover letter
Ref No: APTUS/13-OCT/2025-26 October 31, 2025 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, Sub
Slide 2: Investor Presentation | Q2/H1 FY26
1 Aptus Value Housing Finance India Limited Investor Presentation | Q2/H1 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: H1 FY26
Snapshot: H1 FY26 YoY Business Distribution Asset Quality Capital Profitability ₹ 11,767 Cr 1.72 L 1.55% ₹ 4,657 Cr ₹ 608 Cr AUM Customers GNPA Net-Worth PPoP 22% 18% 30 bps 16% 30% ₹ 1,738 Cr 3,717 1.17% 69.2% ₹ 446 Cr Disbursement Employees NNPA CRAR* PAT 8% 22% 23 bps -105 bps 26% 17.3% 321 25.0%
Slide 5: Snapshot: Q2 FY26
Snapshot: Q2 FY26 YoY QoQ Business Distribution Asset Quality Capital Profitability ₹ 11,767 Cr 1.72 L 1.55% ₹ 4,657 Cr ₹ 312 Cr AUM Customers GNPA Net-Worth PPoP 22% 4% 18% 4% 30 bps 6 bps 16% 5% 27% 5% ₹ 963 Cr 3,717 1.17% 69.2% ₹ 227 Cr Disbursement Employees NNPA CRAR* PAT 3% 24% 22% 8% 23 bps 5
Slide 6: Management’s Perspective
Management’s Perspective Commenting on the results, Mr. P. Balaji, Managing Director, said, “Q2 FY26 was a resilient quarter for Aptus, driven by consistent growth, strong profitability, and effective portfolio management. Disbursements grew 24% QoQ to ₹963 Cr in Q2 FY26, supported by steady demand.
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 28% Rating Upgrade Crossed from CARE and ₹10,000 Cr AUM & ICRA to AA Opened 300th FY 20 – FY 25 Branch 11,767 10,865 Listed on Stock Exchanges & Rating Upgraded to 8,722 Crossed ICRA AA- Stable 20% RoE 6,738 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 H1 FY26 CAGR No. of Branches (#) 175 190 208 231 262 300 321 No. of Customers (#) 43,987 58,069 83,565 1,07,146 1,33,499 1,61,597 1,71,761 Disbursements 1,271 1,298 1,641 2,395 3,127 3,604 1,738 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 2,216 Origination 01 02 …Leading to Desired Business Outcomes Pricing Reduced Power TAT 321 Credit 300 Legal & technical 03 04 Fully In-House Team.. 662 Collection Low Reduced Takeover Operational Risk 218 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 5.6% Existing Customer Referrals Companies) through customer service APP Bandhu App Referral App to generate 12.5% 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 • 321 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 95.1% Penetration 91.7% 94.4% 79.0% E-Nach Mandate 100% Q2 FY26 Q2 FY26 Q2 FY26 Q2 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 • Improving access to • Hiring local talent in access in underserved quality education rural and semi-urban areas opportunities areas • Empowering informal • Promoting skill • Identifyi
Slide 27: Creating Lasting Impact
Creating Lasting Impact Education Upliftment ➢ Classroom construction ➢ Facilities for tribal students ➢ Toilets built in schools ➢ Green school eco-renovation ➢ Support for orphaned children ➢ School buses provided 26
Slide 28: Enabling Better Health
Enabling Better Health Community Development ➢ Medical facilities enhanced ➢ Equipment access expanded ➢ Support for special needs ➢ Health systems strengthened ➢ Holistic care enabled
Slide 29: Strong Governance Culture
Strong Governance Culture Committees Corporate Governance Resilient & Compliant Leadership Board Level • Diverse board with tech, • Audit • Dedicated CRO for risk finance, risk expertise • Nomination and Remuneration identification and mitigation • Our board enhances corporate • Corporate Social Res
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% 3% 3% 4% Home Loans Home Loans 15% Small Business Loans 23% Quasi Home Loans Small Business Quasi Home Loans HFC NBFC Loans & Non-HLs Consol.* Insurance Loans 18% 61% 70% Insurance Loans 100% Top u
Slide 32: Performance Highlights : H1 FY26
Performance Highlights : H1 FY26 YoY Disbursement (₹Cr) AUM (₹Cr) Gross NPA (%) 11,767 1.55% 1,610 1,738 1.25% 9,679 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 8% 22% 30 bps PAT (₹Cr) ROA (%) ROE (%) 446 20.0% 7.9% 18.3% 354 7.8% H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 26% 11 bps 168 bp
Slide 33: Performance Highlights : Q2 FY26
Performance Highlights : Q2 FY26 YoY QoQ Disbursement (₹Cr) AUM (₹Cr) Gross NPA (%) 11,267 11,767 1.49% 1.55% 935 963 1.25% 775 9,679 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 3% 24% 22% 4% 30 bps 6 bps PAT (₹Cr) ROA (%) ROE (%) 219 227 20.1% 20.0% 7.9% 7.9% 18.3% 182 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% 17.4% 17.3% 8.4% 7.7% 8.1% 8.6% 8.7% 8.5% 8.7% 8.7% 8.7% 8.6% 8.4% FY 21 FY 22 FY 23 FY 24 FY 25 H1 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Spread (%) 8.6% 9.2% 8.9% 8.7% 8.7% 8.8% 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% Q2 FY 25 Q3 FY 25 Q4 FY25 Q1 FY26 Q2 FY 26 2.8% 2.8% 2.7% 2.7% 2.6% 2.5% FY 21 FY 22 FY 23 FY 24 FY 25 H1 FY26 34
Slide 36: Asset Quality
Asset Quality Gross NPA (%) Net NPA (%) 1.49% 1.55% 1.12% 1.17% 1.25% 1.28% 1.19% 0.94% 0.96% 0.89% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Collection efficiency (%) 30 + DPD (%) 101.16% 6.45% 6.34% 99.28% 99.35% 99.12% 99.36% 6.23% 6.21% 5.91% Q2 FY25 Q3 FY25
Slide 37: Provision for Expected Credit Loss (ECL)
Provision for Expected Credit Loss (ECL) ₹Cr Consolidated Particulars As on As on As on 30-Sep-25 30-June-25 30-Sep-24 Gross Stage 3 176.9 164.8 120.8 % portfolio in Stage 3 1.5% 1.5% 1.3% ECL Provision Stage 3 44.2 41.2 30.2 Net Stage 3 132.7 123.6 90.6 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 H1 FY26 FY 25 Particulars Q2 FY26 Q1 FY26 H1 FY26 H1 FY25 Vs H1 FY25 1,670 Interest Income 473 470 942 786 Net Gain on derecognition of financial 16 50 32 82 - instruments 113 Fee and Other Income 31 29 60 51 (541) Interest Expenses (165) (160) (325)
Slide 40: Consolidated Balance sheet
Consolidated Balance sheet(*) ₹Cr As on As on Particulars 30-Sep-25 30-Sep-24 Liabilities & Equity Share capital 100 100 Reserves &surplus 4,557 3,914 Net worth 4,657 4,014 Borrowings 7,284 6,176 Other Liabilities & Provisions 83 74 Total Liabilities & Equity 12,023 10,264 Assets Loan Assets 11,243
Slide 41: RoA Tree (based on Avg AUM)
RoA Tree (based on Avg AUM)(*) Particulars H1 FY26 H1 FY25 Revenue from Operations 17.5% 17.9% Net Gain on derecognition of financial 1.4% 0.0% instruments Other Income 0.4% 0.5% Total Revenue 19.2% 18.4% Interest Expenses (5.8%) (5.4%) Net Income Margin 13.4% 12.9% Operating Expenses (2.7%) (2.7%)
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 Securitization 12.6% Mutual Refinance Funds Banks 13.0% DFI Insurance NHB 55.7% 18.7% Private Sector NCDs Banks Avg. Tenure H1 FY
Slide 43: Asset and Liability Maturity Pattern
Asset and Liability Maturity Pattern (₹Cr) Surplus 1,224 <3 Months 1,646 422 3-6 Months 809 109 918 6m -1 Year 1,440 321 1,761 1-3 Years 4,561 5,366 805 3-5 Years 2,388 5,008 2,620 5-7 Years 1,017 3,846 2,829 7-10 Years 797 2,681 1,884 >10years 101 390 289 Outflows Inflows Position as on 30th Septem
Slide 44: Fixed Vs Floating (Assets Vs. Liabilities)
Fixed Vs Floating (Assets Vs. Liabilities) Loan Assets & Borrowings (₹Cr) September-25 11,413 11,413 Floating Rate Lending 18% Floating Rate Borrowings 38% Fixed Rate Borrowings 26% Fixed Rate Lending 82% Equity 36% Loan Assets Borrowing/Equity Equity Fixed Floating Gap between Loan Assets & Borrowi
Slide 45: Comfortable Liquidity Position/ Capital Adequacy
Comfortable Liquidity Position/ Capital Adequacy A. Liquidity (₹Cr) As on Particulars 30-Sep-25 Cash & Cash equivalents 563.4 Unavailed Sanctions from Banks 1,175.0 Total 1,738.4 Particulars Q3 FY26 Q4 FY26 Opening Liquidity 1,738.4 1,693.5 ₹1,883.7 Cr Add: Loan repayment & Surplus from Operations 9
Slide 46: Diverse Investor Base
Diverse Investor Base Shareholding as on 30th September’25 Founder Promoter Holding (%) FIIs & FPIs Holding (%) Public & M. Anandan 23.91 Malabar 5.88 Others Founder Promoter – M. Anandan Capital Research 5.48 DIIs Holding (%) 14.9% Ward Ferry 4.06 23.9% SBI MF 9.77 Aberdeen 3.45 Kotak MF 3.66 Vangu
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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