External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Aptus Value Housing Finance India / Equity Bottom-Up

Aptus Value Housing Finance India (APTUS IN)

<ul><li>Disbursement (+27/3% YoY/QoQ) and AUM growth (+28/6% YoY/QoQ) were marginally lower than our expectations.</li><li>AUM growth was driven by Home loans (+16/6% YoY/QoQ) and Small Business Loans (+127/14% YoY/QoQ).</li><li>NII grew by 20/5% YoY/QoQ. Yields remained largely stable QoQ, while CoF inched up by 14bps. NIMs stood at 13.4% vs 13.3% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursement (+27/3% YoY/QoQ) and AUM growth (+28/6% YoY/QoQ) were marginally lower than our expectations.AUM growth was driven by Home loans (+16/6% YoY/QoQ) and Small Business Loans (+127/14% YoY/QoQ).NII grew by 20/5% YoY/QoQ. Yields remained largely stable QoQ, while CoF inched up by 14bps. NIMs stood at 13.4% vs 13.3% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aptus Value Housing Finance Ltd. - Steady Quarter, Growth to Remain Strong!

<ul><li>Disbursement (+23/15% YoY/QoQ) and AUM growth (+28/7% YoY/QoQ) were inline with our expectations.</li><li>AUM growth was driven by Home loans (+17/5% YoY/QoQ) and Small Business Loans (+111/20% YoY/QoQ).</li><li>In the Housing Finance book, the share of housing loans improved to 68% vs. 67% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursement (+23/15% YoY/QoQ) and AUM growth (+28/7% YoY/QoQ) were inline with our expectations.AUM growth was driven by Home loans (+17/5% YoY/QoQ) and Small Business Loans (+111/20% YoY/QoQ).In the Housing Finance book, the share of housing loans improved to 68% vs. 67% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aptus Value Housing Finance Ltd - Eyeing Growth Beyond Core Geographies!

<ul><li>Disbursement and AUM growth were inline with our expectations.</li><li>Consolidated AUM grew by 29/6% YoY/QoQ, driven by Small Business Loans which grew by 80/29% YoY/QoQ.</li><li>In the Housing Finance book, the share of housing loans (+18/5% YoY/QoQ) improved to 67% vs. 64% QoQ.NII grew by 19% YoY but remained flat QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Disbursement and AUM growth were inline with our expectations.Consolidated AUM grew by 29/6% YoY/QoQ, driven by Small Business Loans which grew by 80/29% YoY/QoQ.In the Housing Finance book, the share of housing loans (+18/5% YoY/QoQ) improved to 67% vs. 64% QoQ.NII grew by 19% YoY but remained flat QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aptus Value Housing Finance Ltd. - Growth Momentum To Remain Strong!

<ul><li>While demand in the existing geographies continues to remain healthy, the management believes in establishing a leadership position by penetrating deeper into the existing geographies rather than entering new geographies.</li><li>Apart from the home loans, Aptus sees good growth opportunities in SME lending with demand and borrowers' repayment capability improving.</li><li>While the company will pursue growth in the SME, it will look to cap this book at 21-23% of the consolidated AUM.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

While demand in the existing geographies continues to remain healthy, the management believes in establishing a leadership position by penetrating deeper into the existing geographies rather than entering new geographies.Apart from the home loans, Aptus sees good growth opportunities in SME lending with demand and borrowers' repayment capability improving.While the company will pursue growth in the SME, it will look to cap this book at 21-23% of the consolidated AUM.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week: Aptus Value Housing Finance Ltd. - 12 June 2023

<ul><li>Aptus reported a healthy disbursement growth of 29/10% YoY/QoQ, which translated into a strong AUM growth of 30/7% YoY/QoQ.</li><li>The bank’s consolidated AUM growth was driven by Small Business loans which gathered growth momentum and grew by 42/29% YoY/QoQ, while home loans grew by 28/4% YoY/QoQ.</li><li>NII grew by 27/6% YoY/QoQ, supported by strong AUM growth and healthy margins of 8.9% vs. 9.2/9% YoY/QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Aptus reported a healthy disbursement growth of 29/10% YoY/QoQ, which translated into a strong AUM growth of 30/7% YoY/QoQ.The bank’s consolidated AUM growth was driven by Small Business loans which gathered growth momentum and grew by 42/29% YoY/QoQ, while home loans grew by 28/4% YoY/QoQ.NII grew by 27/6% YoY/QoQ, supported by strong AUM growth and healthy margins of 8.9% vs. 9.2/9% YoY/QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

APTUS IN. - Focus on Strengthening Leadership Position in Core Geographies!

India

Aptus Value Housing Finance India Limited is a specialized retail housing finance company that provides long-term housing loans and small business loans. It focuses on self-employed, low, and middle-income customer segments in Tier 2, 3, and 4 cities, who are often underserved by traditional banking institutions. The company's core products include loans for home construction, purchase, renovation, and extension, as well as loans against property for business needs. Headquartered in Chennai, Tamil Nadu, India, the company was founded in 2009.

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Aptus Value Housing Finance India (APTUS IN)

Aptus Value Housing Finance Ltd. - Steady Quarter, Growth to Remain Strong!

NII grew by 20/5% YoY/QoQ. Yields remained largely stable QoQ, while CoF inched up by 14bps. NIMs stood at 13.4% vs 13.3% QoQ.

Axis Direct

Aptus Value Housing Finance Ltd - Eyeing Growth Beyond Core Geographies!

AUM growth was driven by Home loans (+17/5% YoY/QoQ) and Small Business Loans (+111/20% YoY/QoQ). In the Housing Finance book, the share of housing...

Axis Direct

Aptus Value Housing Finance Ltd. - Growth Momentum To Remain Strong!

Disbursement and AUM growth were inline with our expectations. Consolidated AUM grew by 29/6% YoY/QoQ, driven by Small Business Loans which grew by...

Axis Direct

Pick of the Week: Aptus Value Housing Finance Ltd. - 12 June 2023

Apart from the home loans, Aptus sees good growth opportunities in SME lending with demand and borrowers' repayment capability improving.

Axis Direct

APTUS IN. - Focus on Strengthening Leadership Position in Core Geographies!

Aptus reported a healthy disbursement growth of 29/10% YoY/QoQ, which translated into a strong AUM growth of 30/7% YoY/QoQ.

Axis Direct

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