Aptus Value Housing Finance India Ltd

The provided transcript and pages from the Aptus Value Housing Finance India Limited Q3 FY24 Earnings Call do not mention or provide any information regarding the company's current or expected order book or pending orders. The discussion mainly focuses on: - Business focus and financial performance. - Loan book growth, disbursements, and branch expansions. - Technology and operational efficiencies. - Employee attrition and recruitment. - Borrowing costs, yields, and market outlook. - Product offerings and growth strategy. No details on order book, pending orders, or related project pipelines are available in the provided document.

- The company has sanctioned undrawn borrowings of Rs. 300 crore from NHB and Rs. 310 crore from various banks as of 31st March, indicating available debt funding. - Rs. 300 crore from NHB borrowings will be drawn in February, which will slightly offset the increased cost of borrowings in the NBFC arm. - There is no explicit mention of any ongoing or planned equity fundraising in the provided transcript. - The focus appears to be on utilizing existing sanctioned debt limits for growth and operations rather than raising new equity at this stage.

- The company has been operating Novac Systems since 2016, an end-to-end system for various operations. - Investments are being made in technology enhancements relevant to affordable housing, including: - Mobile apps for customer sourcing and onboarding. - Credit scorecard mechanism for customer evaluation. - Apps capturing customer videos at workplace/residence for assessment. - Technical app for property boundary marking and geotagging. - Collection app optimizing routes and monitoring collection officers. - The loan origination system (LOS) and lead management system (LMS) are being upgraded to a mobile-first technology, supplied by Novac Systems. - A digital legal platform tie-up with Leegality enables agreements to be signed digitally. - The company plans ongoing investments in IT systems to support growth, including for a loan book size up to Rs. 10,000 crore. - Branch expansion includes adding 30-35 branches per year to sustain growth.

- Loan book growth guidance of 25-30% annually over the next 3-4 years (P. Balaji, Page 12). - Continued branch expansion with 30-35 new branches opened each year to sustain growth (M. Anandan, Page 10). - Strong geographical growth: Andhra Pradesh (47%), Telangana (41%), Karnataka (20-22%), Tamil Nadu recovering post-floods (Page 7-14). - Increased business from digital channels—17% of disbursements come via customer referral apps, eco-system apps, social media (Page 10). - Focus on productivity, analytics, and digital adoption to drive quality leads and improve conversions (Page 3, 10). - No plans to enter unsecured loan or lower tenure loan products; focus remains on affordable housing and small business loans in low to middle-income tier 3 and 4 cities (Page 13). - Net worth and capital adequacy robust to support growth (Page 3).

- The company targets a loan book growth of 25% to 30% annually over the next 3 to 4 years. - Q3 FY24 PAT grew by 22% YoY to Rs. 448 crores, with ROA at 8.06% and ROE at 17.10%. - Operating expenses to assets ratio expected to stabilize around 2.7% to 2.75%, maintaining cost efficiency. - Margins (NIM) stood strong at 13.37%, with potential for improvement as borrowing costs are expected to peak soon and may moderate next year. - Focus on productivity and lower attrition likely to sustain operational profitability. - No immediate further yield increases anticipated; stable pricing with benefits expected from upcoming interest rate softening. - The company is preparing the organization and middle management for scaling up to Rs. 15,000 to Rs. 25,000 crores AUM, indicating a roadmap for sustained profit growth.