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Aptus Value Housing Finance India Limited Investor Presentation | Q3/9M FY26 1
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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 subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, the Presentation is expressly excluded. This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and action regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statement become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. 2
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Business Snapshot: Q3 FY26 AUM Customers Distribution Asset Quality GNPA Net-Worth Capital PPoP Profitability Employees NNPA CRAR* PAT@ Branches PCR# CoB RoA * Standalone basis | # On Gross Stage III Loans | ^ Computed on the combined basis of Stage I, Stage II, and Stage III assets|@Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax). States & UTs ECL^ Credit Rating RoE Disbursement Yield Spread YoY QoQ 21% 5% 17 % 4% 28 bps 1 bps 17% 3% 26% 4% 11% 7% 21 % 4% 22 bps 1 bps 550 bps 132 bps 26% 6% -18 bps -10 bps 37 14 - - -44 bps -16 bps 28 bps 7 bps 26 bps 6 bps - - - - 147 bps 26 bps ₹ 12,330 Cr 1.79 L 1.56% ₹ 4,797 Cr ₹ 325 Cr ₹ 1,030 Cr 3,857 1.18% 70.5% ₹ 239 Cr 17.2% 335 25.0% 8.3% 7.9% 8.9% 7 1.03% AA (ICRA) Stable / AA (CARE) Stable 20.2% 3
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Business Snapshot: 9M FY26 AUM Customers Distribution Asset Quality GNPA Net-Worth Capital PPoP Profitability Employees NNPA CRAR* PAT@ Branches PCR# CoB RoA States & UTs ECL^ Credit Rating RoE Disbursement Yield Spread YoY 21% 17% 28 bps 17% 28% 9% 21% 22 bps 550 bps 26% -7 bps 37 - -24 bps 18 bps 17 bps - - 150 bps ₹ 12,330 Cr 1.79 L 1.56% ₹ 4,797 Cr ₹ 933 Cr ₹ 2,768 Cr 3,857 1.18% 70.5% ₹ 685 Cr 17.3% 335 25.0% 8.4% 7.9% 8.9% 7 1.03% AA (ICRA) Stable / AA (CARE) Stable 20.0% 4 * Standalone basis | # On Gross Stage III Loans | ^ Computed on the combined basis of Stage I, Stage II, and Stage III assets|@ Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax).
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Management’s Perspective P. Balaji Managing Director 5 “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 expanded our network to 335 branches, adding 37 new locations during the calendar year. Going forward, our branch expansion will be focused on new states, deepening presence in select under-penetrated pockets within existing states. On the asset quality front, Gross NPA and Net NPA remained flat sequentially at 1.56% and 1.18%, respectively. 30+ DPD saw a slight uptick to 6.48%, due to seasonal volatility in collections (including around festive periods). On the profitability side, the total income grew 27% YoY to ₹1,652 Cr, in 9M FY26. Our spreads for 9M FY26 improved to 8.9%, driven by decline in cost of funds to 8.4%. The Opex ratio remained largely flattish in 9M FY26 to 2.7%, leading to an operating profit growth of 28% YoY to ₹933 Cr. The credit cost for the 9M FY26 remained at 50 bps, within our guided range. The net profit* for the quarter came in at ₹239 Cr, growth of 26% YoY. The RoA/RoE for the quarter came in at 7.9%/20.2% respectively. The net profit* for the 9M FY26 came in at ₹685 Cr, growth of 26% YoY, translating to an RoA/RoE of 7.9%/20.0% respectively, among the best in the industry. This performance is underpinned by a well-diversified product portfolio and a broad customer base across income segments, which together provide balance and resilience across market cycles. Technology and data-led decisioning remain key enablers of our growth and risk discipline, helping us scale reliably across geographies. We continue to stay ahead on digitisation, with over 92% of agreements executed digitally and more than 94% of collections routed through digital channels. Increased adoption of account aggregator data and credit bureau insights is sharpening our underwriting, improving portfolio quality, and supporting growth in higher-ticket, stronger customer cohorts. Over the past couple of quarters, we have been indicating our intent to move towards a higher-ticket segment to build a higher-quality customer base. In line with this, we discontinued sanctions below ₹7 lakh, which has led to some moderation in disbursements this year. Despite this, we expect to close the current year at 20-21% AUM growth. Looking ahead, we expect to deliver sustainable AUM growth of 22–24%, driven by new branch additions, channel augmentation, higher ATS, calibrated lending rate on incremental home loans without compromising on NIMs & improved productivity” * Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax). Commenting on the results, Mr. P. Balaji, Managing Director, said,
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About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
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Providing home and small business loans to primarily self-employed customers in semi-urban areas for past 16 years Focused on home loan for the first time buyers. Market leaders in South and is expected to continue momentum in non-South markets to further diversify the portfolio and strengthen the growth trajectory. Sustainable return profile supported by a diversified product mix and varied customer income profiles 7 Regulated by RBI and NHB. Run by professional management backed by strong Board, Founder Promoter and marquee investors. Introduction 76% Self-Employed Focused on Self-employed borrowers in Tier-II/III/IV locations 1.79L Customers 75% LIG 6&1 State & UTs 335 Branches 3,857 Employees
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0 29 86 159 252 358 519 846 1,414 2,247 3,179 4,086 5,180 6,738 8,722 10,865 12,330 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 9M FY26 Profitable Listed on Stock Exchanges & Rating Upgraded to ICRA AA- Stable Crossed ₹10,000 Cr AUM & Opened 300th Branch Our Journey 8 AUM (₹Cr)Expanded to 4 States 100th Branch Equity From Marquee Investors Private Equity Incorporated Rating Upgrade from CARE and ICRA to AA CAGR 28% FY 20 – FY 25 Crossed 20% RoE
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Key Strengths Unique Customer Value Proposition Advanced Technology Capabilities Diversified Liability Base and Improved Credit Rating Building the Next Phase of Growth Outside South India Fully In-house, Cost-efficient Model Good Asset Quality and Credit Discipline Sustainable Returns through a Mix Of Varied Products and Customers Strong Governance and Professional Management 9
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10 Key Growth Strategies Continued Focus on HL & Strengthen focus on SBL • Large headroom in retail segment • Diversified product, Income Stream from HL and SBL • Ticket size in ₹8 – 20L range in HL and SME • Different categories of customer profiles designed to grow business while effectively managing risk. • Increase ATS across segments. • Pursue the strategy of contiguous growth and deep penetration • Contiguous expansion in new markets – Maharashtra and Odisha • Increase Market Share in existing markets • Pursue alternate channels via digital marketing and connectors. Continue to leverage technology for efficiency • Rule-based engines ensure uniformity, reduce manual bias, and accelerate decision-making • Using real-time analytics to track delinquencies, risk trends, and asset quality • Paperless, Tech-Enabled loan origination process Deepen presence in existing states and expand into newer markets Continued focus on productivity & Credit Cost • Credit focused organization • Focus on Productivity, Credit Cost and Opex • Continue to pursue reduced cost of funds, diversified sources of funding and rating upgrades.
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Note : GNPA for FY20 & FY21 as per old RBI norms. Asset Ratio based on Avg. AUM. CAGR is computed for the period FY 20 to FY25. * Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax). 11 Historical Performance 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 8,722 10,865 12,330 28% Total Income 523 655 840 1,135 1,409 1,799 1,652 Interest Expenses (185) (207) (209) (276) (388) (541) (488) Net Income Margin 339 449 632 859 1,021 1,258 1,164 30% Operating Expenses (88) (98) (117) (165) (207) (255) (231) 24% ECL Prov ./Write -Off's (3) (6) (34) (40) (22) (28) (46) Profit Before Tax 247 345 480 654 793 975 887 Profit After Tax 211 267 370 503 612 751 685* 29% Ratios (%) NIM to Assets 12.5% 12.4% 13.7% 13.9% 13.4% 13.0% 13.4% Opex to Assets 3.3% 2.7% 2.5% 2.8% 2.7% 2.6% 2.7% Credit Cost to Assets 0.1% 0.2% 0.8% 0.7% 0.3% 0.3% 0.5% Return on Assets (PBT) 9.1% 9.5% 10.4% 10.5% 10.4% 10.0% 10.2% Return on Assets (PAT) 7.8% 7.4% 8.0% 8.4% 8.0% 7.7% 7.9% GNPA 0.70% 0.70% 1.19% 1.15% 1.07% 1.19% 1.56% NNPA 0.53% 0.49% 0.88% 0.86% 0.80% 0.89% 1.18% ROE 17.50% 14.50% 14.50% 16.30% 17.30% 18.80% 20.0% ₹Cr
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12 About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
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Average Ticket Size (₹ Lakh) Average Tenure (Years) Average LTV % Key customer Trait Target Segment Granular Book With Niche Customer Focus Home loan Self-employed Low/Middle Income Families Tier-2/3/4 cities 9.6 10.4 First time home buyers in peripheries of Tier 2 /3/4 cities Quasi Home Loan Self-occupied residential property Home construction/purchase Tier-2/3/4 cities 9.1 9.4 Proceeds primarily used for home construction/purchase Small Business Loan Self-employed Primarily used for business purpose Tier-2/3/4 cities 9.0 8.1 ~40% Loans for New business/Business expansion 13
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14 Distribution AUM (₹Cr) State FY 23 FY 24 FY 25 9M FY26 9MFY26 VS 9MFY25 Andhra Pradesh 2,364 3,509 4,597 5,359 23% Tamil Nadu 2,903 3,189 3,623 3,817 15% Telangana 936 1,332 1,749 2,099 25% Karnataka 535 671 842 946 18% Odisha & Maharashtra - 20 54 109 193% Grand Total 6,738 8,721 10,865 12,330 21% 92 36 124 66 8 9 Contiguous Branch Expansion Strategy ✓ 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 delinquency trends are analyzed to assess borrower repayment behaviors. ✓ Branch additions will largely be focused on the new markets like Maharashtra and Odisha, in addition to the underserved pockets of the states like Telangana and Karnataka. Vintage Branches (#) Avg. AUM /Br. (₹Cr) <1 Year 40 2.2 1-3 Year 90 20.0 >3 Year 205 50.9 Contiguous Branch Expansion ✓ 14 branches became operational in Q3 FY26. Map not to scale
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Fully In-House Team.. 2,258 333 299 743 224 Business Origination Credit Legal & technical Collection HO / Operations Pricing Power 01 03 02 04 …Leading to Desired Business Outcomes Reduced TAT Low Takeover Reduced Operational Risk 15 Fully In-house Model
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16 About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
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17 Technology Landscape Customer Onboarding A mobile-first fully integrated digital LOS for customer on-boarding. Lead Management / Sanctions / Disbursements Human Resources Human resources management system application - Employee travel/conveyance settlements fully automated Digital Marketing Lead generation through Campaigns. Brand, Product and service awareness. Lead Enrichment Customer Relationship & Service Automated CRM and customer service requests Collections App Payments Automation via Bharat Bill Pay, Google Pay, Paytm etc. Business Intelligence & Analytics “Power BI” Analytics Platform. ML-based bounce prediction Lending Software End-to-end software solution Our Tech Partners
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18 Mobile-First Fully Digital LOS 5.7% Omni – Channel Lead Sourcing Digital On-boarding E-KYC OCR Bank A/c verification Credit Account Aggregator CIC (Credit Information Companies) Technical Identification, Geo-tagging and Dimensions of Property On-Field Technical valuation report Legal Digital Agreements Disbursements E-Nach E-Sign UPI Mandates Customer App Existing Customer Referrals through customer service APP Bandhu App Referral App to generate leads Unifying construction ECO System Digital Marketing Lead generation through Social Media & Digital Marketing Organic-Sourcing – Digital LOS In-house Sourcing through our sales executives 3.6% 12.8% 77.9%
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19 Technology Update Fully Digital LOS Complete lead lifecycle visibility Key Features Auto lead allocation system Digital application & docs. upload Integrated APIs for KYC, UPI, E-NACH Lower cheque bounce rates Improved collections & compliance Faster TAT & process discipline Real-time analytics dashboards
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Risk Management • 50 + key data points are collected for Customer Profile Analysis • Stage-wise disbursement through technical visits • Multiple touch points to ensure thorough verification in underwriting process • Tech enabled evaluation of customers with 100+ data points • Integration of credit score card with lending application for easier credit evaluation • Analyzing profiles behavior for continuous improvement of parameters through machine learning for better & faster credit decisioning Tech - Intervention • Consistency in underwriting with expertise in state- wise analysis along with linguistic skills • Effective training, knowledge sharing and monitoring process • Quick adoption to process change Centralized Processing Loans approved within 72 hrs > 90 % 20 Risk & Data Science Backed Centralized Underwriting
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• Cust app, Bandhu app • Social media • 335 Branches Lead Generation through 0% - Sourcing from DSA / Builders Digital Onboarding and KYC Cash flow assessment Pre & Post Disbursement Centralized Underwriting 15-24 months Monitoring early default signs 90 DPD Legal action / SARFAESI 100% In-House Sourcing Leveraging Technology 21 • A mobile-first fully integrated digital LOS for customer on-boarding. • Integration of Real-time APIs, OCR, and Account aggregator enable an improved response time and efficient processing. • Ensuring minimal data entry at all stages and concurrent processing of credit, technical and legal. Stringent Credit Underwriting Robust Collection Management System Robust Underwriting and Collections Lower LTVs at ~40%
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22 About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
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23 Sustainability Financial Inclusion ✓ Underserved borrowers ✓ Expanding access in Tier 2, 3, 4 towns Sustainable Practices ✓ Digital processes ✓ Resource conservation initiatives Customer-Centric Social Impact ✓ Borrower empowerment ✓ Transparent lending processes Employee Welfare ✓ Safe work environment ✓ Career progression opportunities Strong Corporate Governance ✓ Board oversight & structures ✓ Transparent practices Regulatory & Risk Compliance ✓ RBI/NHB Compliance ✓ Risk Management
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Digital Initiatives for a Greener Tomorrow e-Stamping & e-NACH ✓ Digital agreements ✓ Auto-debit feature e-KYC & e-Signature ✓ Faster onboarding ✓ Paperless verification Bandhu App ✓ Field operations digitized and streamlined Customer App ✓ Loan journey managed digitally and end-to-end HRMS Platform ✓ Employee lifecycle managed digitally 100% 94.8% Q3 FY26 % of Digital Collections 91.9% Q3 FY26 % of Digital Agreements 97.9% Q3 FY26 % of Customers on App 24 81.1% Q3 FY26 % Account Aggregator Penetration E-Nach Mandate
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Building Social Capital Financial Inclusion • Promoting financial access in underserved areas • Empowering informal sector workers and small businesses • Focused on Tier 2, 3, and 4 locations • Strengthening access to inclusive and quality education • Building employability and self-reliance • Expanding access to affordable and advanced healthcare • Enabling sustainable livelihoods and income security • Empowering underserved communities • Bridging structural gaps in education, healthcare, mobility, and livelihoods Corporate Social Responsibility • Hiring local talent in rural and semi-urban areas • Identifying and training community-based employees • Encouraging women as applicants or co- applicants • Promoting gender diversity across all functions • Significant representation of women employees' company-wide • Implemented ESOP plan to retain employees Employee Welfare 76% Self-employed 75% LIG 25
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Creating Lasting Impact Education Upliftment ➢ Classroom construction ➢ Tribal education facilities ➢ School sanitation infrastructure ➢ Hostel infrastructure support ➢ Special education facilities ➢ School transport support 26
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Enabling Better Health Community Development ➢ Healthcare infrastructure strengthened ➢ Medical equipment access ➢ Mobile healthcare services ➢ Disability support initiatives ➢ Advanced diagnostic facilities ➢ Community welfare infrastructure
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Strong Governance Culture Corporate Governance • Diverse board with tech, finance, risk expertise • Our board enhances corporate visibility, image, and governance, building trust with external stakeholders. • Our board ensures robust risk management and provides objective oversight across the organization. • We have board-approved policies to promote transparency, responsibility, and accountability. (Link to the policies) Resilient & Compliant Leadership • Dedicated CRO for risk identification and mitigation • CCO monitors compliance regularly and thoroughly • Independent internal audit function • Regular branch and business audits • Experienced leadership across business, IT, legal, HR • Clean track record with zero loan defaults • No audit qualifications in financial reports • No restatement of financial statements reported Committees Board Level • Audit • Nomination and Remuneration • Corporate Social Responsibility • IT Strategy Committee • Risk Management Committee • Resourcing and Business • Stakeholders Relationship • Related Party Transactions Management • ALCO • Grievance Redressal • Internal complaints (POSH) • IT steering • IT security • Wilful defaulter identification • Wilful defaulter review • Special committee for fraud risk management 28
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29 About Us Organizational Overview Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, Treasury & Capital Management
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69% 24% 4% 3% Home Loans Quasi Home Loans Insurance Loans Top up Loans 100% Small Business Loans & Non-HLsHFC AUM : ₹8,739 Cr NBFC AUM : ₹3,591 Cr 75% LIG Customers 76% Largely Self Employed Customers 84% Rural Focus 30 Diverse Products for Niche Segment Secured Portfolio – Home Loans (HL) / Small Business Loans (SBL)
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31 Performance Highlights : 9M FY26 10,226 12,330 9M FY25 9M FY26 AUM (₹Cr) Disbursements (₹Cr) 2,540 2,768 9M FY25 9M FY26 544 685 9M FY25 9M FY26* 7.7% 7.9% 9M FY25 9M FY26 ROE (%) 18.5% 20.0% 9M FY25 9M FY26 PAT (₹Cr) ROA (%) 21% 26% 18 bps 150 bps 9% YoY Gross NPA (%) 1.28% 1.56% 9M FY25 9M FY26 28 bps * Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax).
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32 Performance Highlights : Q3 FY26 Disbursements (₹Cr) 930 963 1,030 Q3 FY25 Q2 FY26 Q3 FY26 191 227 239 Q3 FY25 Q2 FY26 Q3 FY26* 7.7% 7.9% 7.9% Q3 FY25 Q2 FY26 Q3 FY26 ROE (%) 18.8% 20.0% 20.2% Q3 FY25 Q2 FY26 Q3 FY26 PAT (₹Cr) ROA (%) 10,226 11,767 12,330 Q3 FY25 Q2 FY26 Q3 FY26 AUM (₹Cr) 21% 5% 26% 6% 28 bps 7 bps 147 bps 26 bps 11% 7% YoY QoQ Gross NPA (%) 1.28% 1.55% 1.56% Q3 FY25 Q2 FY26 Q3 FY26 28 bps 1 bps * Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax).
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Spread (%) 17.0% 16.9% 17.0% 17.3% 17.4% 17.3% 8.4% 7.7% 8.1% 8.6% 8.7% 8.4% FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 17.4% 17.4% 17.4% 17.3% 17.2% 8.7% 8.7% 8.6% 8.4% 8.3% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 8.6% 9.2% 8.9% 8.7% 8.7% 8.9% FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 8.7% 8.7% 8.7% 8.9% 8.9% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Yield Cost of Borrowings 33 Yield, CoB & Spread
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Opex (%) 2.8% 2.5% 2.8% 2.7% 2.6% 2.7% FY 21 FY 22 FY 23 FY 24 FY 25 9M FY26 2.6% 2.7% 2.7% 2.7% 2.7% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 34 Efficient Operating Cost Model
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1.28% 1.19% 1.49% 1.55% 1.56% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Gross NPA (%) 0.96% 0.89% 1.12% 1.17% 1.18% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Net NPA (%) 99.35% 101.16% 99.12% 99.36% 99.10% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Collection efficiency (%) 6.21% 5.91% 6.45% 6.34% 6.48% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 30 + DPD (%) 35 Asset Quality
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36 Provision for Expected Credit Loss (ECL) ₹Cr Particulars Consolidated As on 31-Dec-25 As on 30-Sep-25 As on 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% 25.0% Gross Stage 2 579.7 546.6 503.7 % portfolio in stage 2 4.9% 4.8% 4.9% ECL Provision Stage 2 41.8 41.2 39.1 Net Stage 2 537.9 505.4 464.6 Provision coverage ratio (PCR) 7.2% 7.5% 7.8% Gross Stage 1 11,028.4 10,689.1 9,591.7 % portfolio in stage 1 93.5% 93.7% 93.8% ECL Provision Stage 1 33.1 32.1 33.6 Net Stage 1 10,995.3 10,657.0 9,558.1 Provision coverage ratio (PCR) 0.3% 0.3% 0.4% Total Loan Book 11,792.5 11,412.6 10,226.1 ECL Provision 121.0 117.5 105.3 Provision coverage ratio (PCR) 1.0% 1.0% 1.0%
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37 About Us Our Markets Technology, Risk, Underwriting & Collections Sustainability Business Highlights Financials, T reasury & Capital Management
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38 Consolidated Statement of Profit and Loss ₹Cr Excluding Impact of the New Labour Code Operating Expenses (81) (76) (231) (184) Profit Before Tax 308 294 887 704 26% Profit After Tax 239 227 685 544 26% Particulars Q3 FY26 Q2 FY26 9M FY26 9M FY25 9M FY26 Vs 9M FY25 Interest Income 488 473 1,431 1,220 Net Gain on derecognition of financial instruments 47 50 129 0 Fee and Other Income 33 31 93 85 Interest Expenses (162) (165) (488) (391) Net Income Margin 406 389 1,164 914 27% Operating Expenses (85) (76) (235) (184) Credit Cost (17) (18) (46) (26) Profit Before Tax 304 294 884 704 Prov. For Tax (68) (68) (202) (160) Profit After Tax 236 227 682 544
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39 Consolidated Balance sheet As on 31-Mar-25 Particulars As on 31-Dec-25 As on 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 & Equity 12,396 10,622 Assets 10,630 Loan Assets 11,612 10,072 9 Fixed Assets 9 8 477 Liquid Assets -Bank FD's /MF's etc 490 422 38 Financial Assets 163 26 90 Non Financial Assets 121 94 11,244 Total Assets 12,396 10,622 ₹Cr
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* Ratio on Avg. AUM # Ratio on Avg. Networth @ Excluding additional cost on account of new labour code, past service cost of ₹3.85 Cr (₹2.99 Cr Net of tax). 40 RoA Tree (based on Avg AUM) Particulars 9M FY26 9M FY25 Revenue from Operations 17.1% 17.9% Net Gain on derecognition of financial instruments 1.5% 0.0% 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%) Credit Cost (0.5%) (0.4%) Profit Before Tax - RoA 10.2% 10.0% Profit After Tax - RoA * 7.9%@ 7.7% Profit After Tax - RoE # 20.0%@ 18.5%
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59.1% 17.5% 12.3% 11.1% Credit Rating (ICRA) – AA Stable (CARE) – AA Stable 41 Robust Funding Management and Credit Profile Diversified and Balanced Funding Mix Sources of funds mix(%) Avg. Tenure of Borrowings (Months) 9M FY26 FY 25 FY24 FY23 80.0 80.2 80.1 86.9 Banks NCDs Securitization NHB 25+ Lender Relationships No Exposure to Short term loan incl CPs DFI Refinance Private Sector Banks Public Sector Banks Mutual Funds Insurance
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Position as on 31st December 2025 669 2,654 3,884 4,868 5,374 1,955 1,081 1,656 160 658 1,034 2,194 4,421 1,486 877 1,154 >10years 7-10 Years 5-7 Years 3-5 Years 1-3 Years 6m -1 Year 3-6 Months <3 Months Outflows Inflows Surplus 502 205 470 953 2,674 2,850 1,996 509 42 Asset and Liability Maturity Pattern (₹Cr)
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Loan Assets & Borrowings (₹Cr) 31st December-25 36% 82% 25% 18% 39% Loan Assets Borrowing/Equity Equity Fixed Floating 11,79211,792 Gap between Loan Assets & Borrowings filled by a portion of Equity 43 Floating Rate Borrowings Fixed Rate Borrowings Equity Floating Rate Lending Fixed Rate Lending Fixed Vs Floating (Assets Vs. Liabilities)
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A. Liquidity Particulars As on 31-Dec-25 Cash & Cash equivalents 490.5 Unavailed Sanctions from Banks 1,387.0 Total 1,877.5 B. Capital Adequacy Particulars Q4 FY26 Q1 FY27 Opening Liquidity 1,877.5 2,018.2 Add: Loan repayment & Surplus from Operations 1,028.1 1,072.4 Less: Debt repayments & Other Outflows 887.4 947.5 Closing Liquidity 2,018.2 2,143.1 Capital Adequacy as on 31st December 2025 – 70.5% (₹Cr) 44 ₹2,143.1 Cr Surplus available for business up to June 2026 Comfortable Liquidity Position/ Capital Adequacy
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33.2% 27.3% 23.9% 15.7% FIIs & FPIs Public & Others Founder Promoter – M. Anandan DIIs Shareholding as on 31st December’25 45 Diverse Investor Base Founder Promoter Holding (%) M. Anandan 23.9 DIIs Holding (%) SBI MF 9.4 Kotak MF 4.2 Aditya Birla MF 2.4 Bandhan MF 1.3 Axis MF 1.1 ICICI Pru MF 1.0 FIIs & FPIs Holding (%) Malabar 5.9 Capital Research 5.5 Ward Ferry 3.9 Vanguard US 3.1 Aberdeen 2.9 Arohi 2.5 Govt. Pension Fund Norway 2.1 Blackrock US 1.6
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Annexures 46
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47 Strong Corporate Governance, Distinguished Board Managing Director Non-Executive Independent Directors Mona Kachhwaha Director – RMBS Development Company VG Kannan Former- MD, SBI Non-Executive Independent Directors P. Balaji Managing Director Managing Director Anand Raghavan Former partner – Ernst & Young Former VP – Sundaram Finance Natarajan Ramasubramanian Former GM, RBI Subba Rao Former CEO Cholamandalam MS Risk Services Chairman M. Anandan Executive Chairman
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48 Experienced Professional Management P. Balaji Managing Director 30+ yrs of experience Several years of experience in financial Services including HFC C.T. Manoharan ED & Chief Business Officer 30+ yrs of experience Rich experience in housing finance industry across sales, channel and distribution management V. Krishnaswami Chief Technology Officer 25+ yrs of experience Experience in strategizing and implementing tal technology solutions, IT designs and infrastructure John Vijayan Chief Risk Officer 30+ yrs of experience Naveen Kumar R Vice President – Operations & Compliance 14+ yrs of experience Experience in Housing Finance Industry specific to Operations, Customer Service, Portfolio analytics and LOS/LMS Vijayaraghavan Kannan Head Internal Audit 15+ yrs of experience Experience in Audit & Assurance, Tax, Regulatory compliances and Risk management Srinivasan K Sr. Associate VP- Credit 20+ yrs of experience Rich experience in areas of Credit & Risk Management, Fraud Control and operations in retail finance Krishna Kishore S Sr. Associate VP – Credit 15+ yrs of experience Experience in areas of Credit & underwriting, Portfolio and Risk management of Mortgage products Sanjay Mittal Chief Financial Officer 20+ yrs of experience Experience in Finance, Accounts, Treasury, Investor Relation, Corporate Strategy & Planning Experience in Financial Services in the areas of Risk Management, Internal Audit , Operations & Finance N. Srikanth Sr. Vice President – HR 30+ yrs of experience Experience in HR planning, recruitment, training, induction, employee relations and engagement Sundara Kumar V Sr. Vice President – Legal, Technical & Receivables 25+ yrs of experience Legal experience in Mortgage finance, SARFAESI and arbitration procedures in management of collections
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THANK YOU 49 For further information, please contact: Investor Relations – Aptus Value Housing Finance investorrelations@aptusindia.com