Street View: India's Aptus Value Housing Finance to sustain growth despite asset quality blip

JM Financial

03/08/2026 08:05

** 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)
((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))