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>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!

<ul><li>Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.</li><li>It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.</li><li>Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.</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.

Demand in core markets remains strong – The management has indicated that the demand in the core states of Tamil Nadu (TN), Andhra Pradesh (AP), Telangana (TL) and Karnataka (KA) continues to remain encouraging given the under-penetration in these markets and the large un/underserved demand.It remains confident of delivering a 25-30% AUM growth over the next 3-5 years. Aptus will strategically focus on the core markets of KA and TL to improve its penetration and will also look to strengthen its presence in one of the new markets (Odisha) by gradually adding branches.Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over FY23-25E.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. - Strong Growth Runway

<ul><li>Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.</li><li>Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.</li><li>Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.</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 Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a higher-than-expected Opex.Disbursement growth remained robust, registering a growth of 43/15% YoY/QoQ, thereby aiding AUM growth of 33/7%YoY/QoQ.Given the under-penetration in the self-employed segment along with the abilities that the company has developed in servicing these customers and its deep penetration in the Tier 3/4 markets, the management remains confident of credit growth outpacing the overall industry growth by 2x.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. - Robust Growth Momentum Continues

<ul><li>Aptus Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in GNPA was the only dampener.</li><li>The business momentum remained robust with disbursements at Rs 525 Cr (+113% YoY, +1% QoQ) which translated into a healthy AUM growth of 30/7% YoY/QoQ, driven by a 7/2% QoQ growth in the Housing/Business Loans.</li><li>The management remains confident of ample growth opportunities available in the self-employed segment, especially in the Tier III/IV markets where Aptus is well-positioned.</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 Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in GNPA was the only dampener.The business momentum remained robust with disbursements at Rs 525 Cr (+113% YoY, +1% QoQ) which translated into a healthy AUM growth of 30/7% YoY/QoQ, driven by a 7/2% QoQ growth in the Housing/Business Loans.The management remains confident of ample growth opportunities available in the self-employed segment, especially in the Tier III/IV markets where Aptus is well-positioned.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. - Robust Operational Performance

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)

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

Aptus Value Housing Finance Ltd. - Strong Growth Runway

Home Loans and Business Loans (SME) will continue to remain key growth drivers. We expect Aptus to deliver a robust AUM growth of ~28% CAGR over...

Axis Direct

Aptus Value Housing Finance Ltd. - Robust Growth Momentum Continues

Aptus Value Housing Finance Ltd. (Aptus) Q2FY23 was broadly in line with our expectations, except marginal miss in the operating profit owing to a...

Axis Direct

Aptus Value Housing Finance Ltd. - Robust Operational Performance

Aptus Value Housing Finance Ltd. (Aptus) reported a strong operational performance, a beat across all parameters, while the 56bps QoQ increase in...

Axis Direct

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