Aptus Value Housing Finance India second quarter results announced: profit increased by 22.94% year-on-year

Aptus Value Housing Finance India second quarter results announced: profit increased by 22.94% year-on-year

2024-11-06 11:09:10 :

Aptus Value Housing Finance India second quarter results live broadcast: Aptus Value Housing Finance India has announced its second quarter results on November 5, 2024. The performance was strong, with revenue increasing by 26.32% year-on-year and profits surging by 22.94% year-on-year.

Compared with the previous quarter, revenue increased by 6.7% and profit increased slightly by 5.95%. This continued growth demonstrates the company’s positive trajectory in a highly competitive market.

Selling, general and administrative (SG&A) expenses increased slightly by 0.36% month-on-month and 10.62% year-on-year, reflecting the company’s continued investment in operating efficiency.

Operating income also performed well, with a month-on-month growth of 5.64% and a year-on-year growth of 27.54%, highlighting the strength of Aptus Value’s core business.

Second quarter earnings per share (EPS) was $3.8, an increase of 24.61% compared with the same period last year, further highlighting the company’s financial health.

Despite last week’s return of -0.17%, Aptus Value Housing Finance India has returned a respectable 6.53% over the past six months and has returned 7.63% so far this year, indicating strong performance for the stock.

As of November 6, 2024, the company’s market capitalization is $Rs 17,198.66 Crore, a new 52-week high $401.65 and lowest price $279.15, reflecting its strong position in the market.

Among the 13 analysts covering the company, the consensus recommendation as of November 6, 2024 is a Buy, with 7 rating it a Strong Buy and 3 rating it a Buy , 1 analyst rates it “hold,” and 2 analysts rate it “sell,” indicating a generally optimistic outlook among investors.

Aptus Value Housing Finance India Finance

periodQ2Q1month-on-month growthQ2year-on-year growth
total revenue421.39394.94+6.7%333.58+26.32%
Total Selling/General/Administrative Expenses43.5343.37+0.36%39.35+10.62%
Depreciation/Amortization2.842.6+9.08%2.63+7.84%
total operating expenses70.8763.14+12.25%58.76+20.62%
operating income350.52331.8+5.64%274.82+27.54%
net income before tax236.73221.62+6.82%189.56+24.88%
net income181.97171.75+5.95%148.02+22.94%
Diluted normalized earnings per share3.83.48+9.22%3.05+24.61%
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