Aptus Value Housing Finance company, based in Chennai, has disclosed its Board's authorization for the issuance of Non-Convertible Debentures amounting to Rs 2,250 crore through private placements. This potential issuance will occur in one or more tranches, subject to shareholder approval, as indicated in a BSE filing made by the company on the weekend. The decision to proceed with this substantial NCD issuance signals the company's strategic financial planning and growth initiatives.
For the financial year concluding on March 31, 2024, Aptus Value Housing Finance India Ltd experienced a notable 22% rise in its net profit after tax, reaching Rs 612 crore compared to the previous year's Rs 503 crore. Additionally, the company saw a significant increase of 31% in disbursements during the same fiscal year, amounting to Rs 3,127 crore, reflecting a positive growth trajectory in its operations. With a strong financial performance and expansion strategy, Aptus Value is positioning itself for sustained growth in the housing finance sector.
Aptus Value Housing Finance India Ltd's operational footprint encompasses 262 branches serving over 1.33 lakh active accounts spread across regions like Tamil Nadu, Puducherry, Andhra Pradesh, Karnataka, Odisha, and Maharashtra. The company's well-established network and customer base highlight its substantial presence in multiple states, contributing to its overall business strength and growth potential in the market.