Aptus Value Housing

BENGALURU, Aug 4 (Reuters) - Diary of India economic, corporate events on Aug 4

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

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** India's Aptus Value Housing Finance APTS.NS reported a 19% y/y rise in Q1 profit to 2.61 billion rupees ($27.40 million) on Friday, while total revenue rose 15.4% y/y

** Shares rise 1.19% at 264.30 rupees

GROWTH OUTLOOK OUTWEIGHS NEAR-TERM ASSET QUALITY CONCERNS

** Citi ("buy", TP: 350 rupees) says credit cost pressures are transitory, while stable spreads, improving disbursements and new lending product support long-term growth

** Jefferies ("buy", TP: 350 rupees) says stronger disbursement momentum should lift loan growth, although asset quality in the NBFC business remains a key monitorable

** Morgan Stanley ("overweight", TP: 405 rupees) says recent share price weakness is an overreaction and recommends investors "buy the dip", citing 20%+ long-term loan growth and sector-leading returns

** JM Financial ("buy", cuts TP to 315 rupees from 330 rupees) says robust disbursement growth and branch expansion support growth visibility, but asset quality warrants close watch

($1 = 95.2575 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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** Affordable housing finance companies (AHFCs) are at start of strong earnings upcycle, with asset quality and idiosyncratic concerns largely resolved, says Morgan Stanley

** AHFCs' disbursement growth poised to pick up in FY27, as early as Q1 FY27 - brokerage says

** Brokerage expects AUM growth of 21-25% Y/Y as transient headwinds, including U.S. trade tariffs, MSME stress, irregular weather ease; raises EPS forecasts by 1-5% across coverage on higher loan growth assumptions

** Morgan Stanley's top picks are Aptus Value Housing Finance APTS.NS, Home First Finance HOME.NS PNB Housing Finance PNBH.NS

** Raises PTs by 2.5% on APTS, 4.1% on HOME, 12.4% on PNBH

** Also lifts PT by 2.9% on Can Fin Homes CNFH.NS, 4.4% on Aavas Financiers AVAS.NS

** HOME, APTS, CNFH stocks up 1-3%, while PNBH, AVAS down 0.3-1.2%

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Aptus Value Housing Finance India APTS.NS jump 5.55% to 282.45 rupees

** Co reported 26% y/y rise in Q4 profit to 2.61 billion rupees ($27.5 million), revenue rises 18.7% y/y

** Morgan Stanley ("overweight"; PT: 375 rupees) says Q4 profit beat driven by margin expansion, lower tax rate

** Adds strong disbursement growth support co's guidance for 22%-24% AUM growth in FY27

** Jefferies ("buy"; TP: 365 rupees) says in-line Q4 profit aided by improving disbursements while easing rundown rates, stable asset quality point to sustained growth momentum

** YTD stock down 4.2%

($1 = 94.8400 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 6 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• MARCH-QUARTER CONSOL PROFIT 2.61 BILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.74 BILLION RUPEES

• DIVIDEND OF 2.50 RUPEES PER SHARE

• ISSUE OF NCDS FOR AN AMOUNT NOT EXCEEDING 30 BILLION RUPEES

Further company coverage: APTS.NS

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Feb 4 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• DEC-QUARTER CONSOL PROFIT 2.36 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.54 BILLION RUPEES

Source text: ID:nBSEb6rBdH

Further company coverage: APTS.NS

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** Shares of Aavas Financiers AVAS.NS rise 4.3% to 1593.2 rupees

** Analysts at Citi Research says the company is on track for gradual recovery after 6-7% downwards earnings revision following a weak first-quarter

** Adds, operational metrics likely bottomed out in Q1 and co on path for improvement

** There are visible signs of disbursement normalisation, with AUM likely to scale from second half of the fiscal - Citi

** Citi says that the co is trading 25%-30% discount to peers like Aadhar Housing Finance AADA.NS and Aptus Value Housing FinanceAPTS.NS, offering favourable risk/reward, recommends to buy the dip

** Avg rating of 19 analysts covering the stock is "buy", their median PT is 1935 rupees - data compiled by LSEG

** Stock down 5% in 2025, vs a 22.5% rise in AADA and 12.5% gain in APTS

(Reporting by Nishit Navin in Bengaluru)

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** Shares of Aptus Value Housing APTS.NS down 8.6% at 307.50 rupees, marking worst pct drop since June 2023
** Three investors are selling $175 million worth of shares via block deal in Aptus at floor price of 305 rupees, IFR reported
** Stake sale at 9.4% discount on last close of 336.50
** About 800,000 Aptus shares change hands via block deals in NSE and BSE, as per LSEG data
** Aptus shares up 6.4% YTD

(Reporting by Sethuraman NR in Bengaluru)

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Jan 31 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• DEC-QUARTER CONSOL PROFIT 1.91 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.5 BILLION RUPEES

Source text: [ID:]

Further company coverage: APTS.NS

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Dec 11 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• APTUS VALUE HOUSING FINANCE INDIA LTD - REPORTS MINOR IT SECURITY INCIDENT

• APTUS VALUE HOUSING FINANCE INDIA LTD - NO DOWNTIME OR COMPROMISE OF CORE APPLICATIONS OR DATABASES

• APTUS VALUE HOUSING FINANCE INDIA LTD - LOST LOCAL INTERNAL DOCUMENTS RESTORED AND FUNCTIONAL

Source text: ID:nNSE594HMk

Further company coverage: APTS.NS

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Nov 5 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• APTUS VALUE HOUSING FINANCE INDIA SEPT-QUARTER CONSOL PROFIT 1.82 BILLION RUPEES

• APTUS VALUE HOUSING FINANCE INDIA SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.21 BILLION RUPEES

• APTUS VALUE HOUSING FINANCE INDIA - DIVIDEND OF 2 RUPEES PER SHARE

Source text: ID:nNSEbqc8V4

Further company coverage: APTS.NS

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** Shares of Can Fin Homes CNFH.NS rise 5.8% to 881 rupees, set for best day in four months

** Housing finance co reports a near 34% rise in Sept-qtr net profit after tax to 2.11 billion rupees ($25.10 million) on higher disbursements

** Busiest session for stock in over a month; more than 1.6 mln shares change hands, over two times the 30-day avg

** Avg rating by analysts covering CNFH at "buy"; peers Home First Finance Co HOME.NS and Aptus Value Housing Finance India APTS.NS also rated "buy"

** CNFH's median PT is at 937 rupees - LSEG data

** Stock up ~13% so far this year vs a ~20% and ~13% rise in HOME and APTS, respectively

($1 = 84.0480 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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** Shares of Aptus Value Housing Finance India APTS.NS rise as much as 11.3% to record high of 401.65 rupees

** Over 169,700 shares traded in a block deal at 10.9% premium to previous close - LSEG data

** Overall, 13.8 mln shares traded, highest volumes since May 21

** APTS up ~23% YTD

(Reporting by Vijay Malkar)

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** Shares of Shriram Finance SHMF.NS up as much as 5% at 2,417.85 rupees, last up 2.7%

** NBFC says it will sell its entire stake in unit Shriram Housing Finance to Warburg Pincus in a deal valued at 46.30 bln rupees ($554.5 mln)

** Valuation ~18% below Morgan Stanley's valuation of 57 bln rupees, in-line with Axis Capital's expectation

** Sale could lead to a P&L gain of 23.5 bln rupees (3% of market cap)- CLSA

** Adds Warburg's valuations lower than that of other housing finance cos like Aavas Financiers AVAS.NS, Home First Finance HOME.NS, Aptus Value Housing Finance India APTS.NS

** Analysts avg rating on SHMF "buy"; median PT 2,900 rupees - LSEG data

** Stock up ~16% YTD vs 2% rise in Nifty 50 Index .NSEI and 1% dip in Nifty Financial Services Index .NIFTYFIN

($1 = 83.5040 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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May 3 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• MARCH-QUARTER CONSOL PROFIT 1.64 BILLION RUPEES VERSUS 1.35 BILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.75 BILLION RUPEES VERSUS 2.99 BILLION RUPEES

Further company coverage: APTS.NS

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** Shares of Aavas Financiers AVAS.NS rise as much as 5.23% to a six-month high of 1,689.30 rupees apiece; last up 2%

** Housing finance company posts 12% year-on-year rise in consolidated net profit in March quarter

** Loan growth of 22% and disbursement growth of 19% in March quarter is encouraging, says Jefferies; raises target price to 2,000 rupees from 1,940 rupees earlier, reiterates "buy" rating

** Expects return-on-equity to improve to 16% by fiscal 2026 from 14% currently

** Says valuation of AVAS is at a discount to peers

** The trailing 12-month (TTM) price-to-earnings (P/E) ratio, a measure of valuation, of AVAS is 26.76, higher than Aptus Value Housing Finance APTS.NS, Home First Finance HOME.NS - LSEG data

** Mean recommendation of 19 analysts tracking AVAS is "buy"; median price target at 1,775 rupees - LSEG

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 19 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• TO CONSIDER RAISING OF FUNDS BY ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE9Gc91q

Further company coverage: APTS.NS

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** Shares of India Shelter Finance Corporation IDNI.NS up 5.7% to 619.65 rupees

** Kotak Institutional Equities initiates coverage on housing finance co with "buy" rating, fair value of 685 rupees

** Expects co to deliver 35% AUM CAGR over FY2023-26, higher than 22%-29% expected for peers including Aavas Financiers AVAS.NS, Aptus Housing APTS.NS and Home First HOME.NS for the same period

** Adds, IDNI has strong potential for near-term growth, driven by its presence in affordable housing finance and geographically diversified loan book

** However, some risks include effective execution in new geographies, maintaining strong asset quality performance, managing a high fixed-rate loan book, potential repercussions of rating downgrades

** IDNI has risen 9% YTD, compared with its peers, whose YTD performances range between declines of 2.3% and 13.9%

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 1 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• DEC-QUARTER CONSOL PROFIT 1.58 BILLION RUPEES VERSUS PROFIT 1.26 BILLION RUPEES

• DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.51 BILLION RUPEES VERSUS 2.86 BILLION RUPEES

• DIVIDEND 2 RUPEES PER SHARE

Source text for Eikon: ID:nBSEcbWFxn

Further company coverage: APTS.NS

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** Investec initiates Indian housing finance co Aptus Value Housing Finance APTS.NS with "buy" and TP of 380 rupees, 16% premium to current price

** Aptus has built an in-house cost-efficient model that is difficult to disrupt - brokerage

** Forecasts 23% EPS growth over FY23-FY26E, adds Aptus operates in an underpenetrated segment with rural areas accounting for 76% of AUM

** Says, APTS has lowest cost-to-income ratio and lowest credit losses

** Nine of 12 analysts covering stock rate it at "buy" or above; 2 "sell" below; 1 "hold" media PT 340 rupees

** APTS gained 5.2% in 2023, underperforming 29.5% gains in LIC Housing LICH.NS, 77% gains in PNB Housing PNBH.NS

** APTS shares down 0.3% at 327 rupees

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Nov 2 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• APTUS VALUE HOUSING FINANCE INDIA SEPT-QUARTER CONSOL PROFIT 1.48 BILLION RUPEES VERSUS PROFIT 1.23 BILLION RUPEES

• APTUS VALUE HOUSING FINANCE INDIA SEPT-QUARTER CONSOL INTEREST INCOME 3.25 BILLION RUPEES VERSUS 2.57 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: APTS.NS

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Aug 1 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• APTUS VALUE HOUSING FINANCE INDIA JUNE-QUARTER CONSOL PROFIT 1.42 BILLION RUPEES VERSUS PROFIT 1.19 BILLION RUPEES

• APTUS VALUE HOUSING FINANCE INDIA JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.06 BILLION RUPEES VERSUS 2.4 BILLION RUPEES

Source text for Eikon: ID:nBSE5gKrPK

Further company coverage: APTS.NS

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May 4 (Reuters) - Aptus Value Housing Finance India Ltd APTS.NS:

• MARCH-QUARTER CONSOL PROFIT 1.35 BILLION RUPEES VERSUS 1.10 BILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 2.99 BILLION RUPEES VERSUS 2.25 BILLION RUPEES

• SECOND INTERIM DIVIDEND 2 RUPEES PER SHARE

• NAMES JOHN VIJAYAN RAVAPPA AS CHIEF FINANCIAL OFFICER

• APPOINTED P. BALAJI AS MANAGING DIRECTOR

• TO ISSUE NON CONVERTIBLE DEBENTURES UP TO 10 BILLION RUPEES VIA PRIVATE PLACEMENT

• NAMED M. ANANDAN AS THE EXECUTIVE CHAIRMAN

Source text for Eikon: ID:nBSE48KFRy

Further company coverage: APTS.NS

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