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CARE Ratings upgrades outlook on Aptus Value to 'positive'
04-Dec-21   16:02 Hrs IST

Meanwhile, CARE Ratings reaffirmed its rating on company's long term bank facilities of the company worth Rs 1000 crore at 'CARE A+'. The credit rating agency also reaffirmed its rating on company's non-convertible debentures worth Rs 99.7 crore at 'CARE A+'.

Aptus Value Housing Finance is Chennai based retail focused housing finance company catering to affordable housing segment primarily serving low- and middle-income self-employed customers in the rural and semi-urban markets of India.

On a consolidated basis, the company reported a 30.6% rise in net profit to Rs 85.26 crore on a 29.4% rise in total income to Rs 203.24 crore in Q2 FY22 over Q2 FY21.

Shares of Aptus Value Housing Finance ended 1.21% lower at Rs 313.10 on Friday.

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