News
Aadhar Housing Finance
26-Jul-2025 | 07:51
AUM growth improves to 22%, margins ease
The income from operation of Aadhar Housing Finance increased 19% to Rs 848.18 crore in Q1FY2026. Overall OPM improved to 78.73% in Q1FY2026 from 78.39% in Q1FY2025, leading to 19% rise in operating profit to Rs 667.77 crore. Other expenditure increased 20% to Rs 52.04 crore and employee expenses moved up 16% to Rs 128.37 crore. Interest cost increased 20% to Rs 331.94 crore. Depreciation moved up 17% to Rs 7.12 crore. Provisions jumped to Rs 26.72 crore in Q1FY2026. PBT moved up 19% to Rs 305.15 crore. The effective tax rate was steady at 22.2% in Q1FY2026 compared to 22.2% in Q1FY2025. Provision for tax was expense of Rs 67.87 crore, compared to Rs 57.10 crore. Profit after tax increased 19% to Rs 237.28 crore. Profit attributable to non-controlling interest was nil in both the periods. The share of profit of associate were nil in both the periods. Finally, Net profit attributable to owners moved up 19% to Rs 237.28 crore.
Book value of the company was at Rs 153.1 and adjusted book value was Rs 148.5 (net of NNPA) end June 2025.
Business highlights
AUM increased 22% to Rs 26524 crore end June 2025 over June 2024, of which retail home loans contributed Rs 19440 crore and other mortgage loans contributed Rs 7084 crore. The disbursements have increased 32% to Rs 1976 crore in Q1FY2026. Spread and NIM during the quarter stood at 5.8% and 8.0% respectively. The total number of branches stands at 591 end June 2025. Total number of loan accounts increased to 306 lakh at end June 2025. Net worth stood at Rs 6,616 Crore at end June 2025. Return on assets (ROA) for Q1FY26 stood at 4.0%, as against 4.1% for Q1FY25 Gross NPA stood at 1.34% at end June 2025, as against 1.31% at end June 2024. Commenting on the Q1FY26 performance, Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd said: ?We concluded the first quarter of FY26 on a strong note with an AUM of INR 26,524 crore, reflecting a YoY growth of 22%. Disbursements remained healthy at INR 1,979 crore, up 32% YoY, supported by sustained demand in the affordable housing segment. Profit after Tax (PAT) for the quarter stood at INR 237 crore, marking a YoY growth of 19%. Another milestone to highlight for this quarter is the rating upgrade from CARE for our long-term bank facilities and non-convertible debentures (NCDs) to CARE AA+ from the earlier CARE AA, while maintaining a stable outlook, reflecting Aadhar?s strong financial and operational performance. We also marked our entry to a new state Assam with a new branch at Guwahati. The affordable housing finance sector has gained strong momentum over the past year, supported by proactive government measures and rising demand. A key macro development this quarter was RBI?s third consecutive repo rate cut, reducing it by 50 basis points to 5.50% in June 2025, enhancing affordability for first-time and low-income homebuyers ahead of the festive season. We remain optimistic that these policy actions will further accelerate growth in the affordable housing segment. Our leadership in the affordable housing segment is anchored in serving low-income families across 22 states, 591 branches and 547 districts, reaching over 3,06,000+ customers. Backed by a robust operational foundation and a customer-centric strategy, Aadhar Housing Finance remains well-positioned to continue its growth journey while enabling more families to realize their dream of home ownership.?Financial performance: FY2025
The income from operation of Aadhar Housing Finance increased 20% to Rs 3107.63 crore in FY2025. Overall OPM has increased to 78.13% in FY2025 from 77.64% in FY2024, leading to 21% rise in operating profit to Rs 2428.06 crore. Other income jumped 653% to Rs 1.28 crore. Interest cost increased 19% to Rs 1173.77 crore. Depreciation moved up 20% to Rs 25.24 crore. PBT moved up 22% to Rs 1173.26 crore. The effective tax rate increased to 22.3% in FY2025 compared to 21.9% in FY2024. Provision for tax was expense of Rs 261.43 crore, compared to Rs 209.95 crore. Profit after tax rose 22% to Rs 911.83 crore. Profit attributable to non-controlling interest was nil in both the periods. The share of profit of associate were nil in both the periods. Finally, Net profit attributable to owners increased 22% yoy to Rs 911.83 crore in FY2025.| Aadhar Housing Finance: Consolidated Results | ||||||
| Particulars | 2506 (3) | 2406 (3) | Var % | 2503 (12) | 2403 (12) | Var % |
| Income from Operations | 848.18 | 713.14 | 19 | 3107.63 | 2586.82 | 20 |
| OPM (%) | 78.73 | 78.39 | 78.13 | 77.64 | ||
| OP | 667.77 | 559.03 | 19 | 2428.06 | 2008.32 | 21 |
| Other Income | 3.16 | 0.01 | 31500 | 1.28 | 0.17 | 653 |
| PBDIT | 670.93 | 559.04 | 20 | 2429.34 | 2008.49 | 21 |
| Interest (Net) | 331.94 | 277.01 | 20 | 1173.77 | 986.69 | 19 |
| PBDT | 338.99 | 282.03 | 20 | 1255.57 | 1021.80 | 23 |
| Provisions | 26.72 | 18.68 | 43 | 57.07 | 41.23 | 38 |
| Depreciation / Amortization | 7.12 | 6.11 | 17 | 25.24 | 20.98 | 20 |
| PBT before EO | 305.15 | 257.24 | 19 | 1173.26 | 959.59 | 22 |
| EO | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| PBT after EO | 305.15 | 257.24 | 19 | 1173.26 | 959.59 | 22 |
| Tax Expenses | 67.87 | 57.10 | 19 | 261.43 | 209.95 | 25 |
| PAT | 237.28 | 200.14 | 19 | 911.83 | 749.64 | 22 |
| Profit attributable to non-controlling interest | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Share of profit/loss of Associate | 0.00 | 0.00 | - | 0.00 | 0.00 | - |
| Net Profit after minority and share in associate | 237.28 | 200.14 | 19 | 911.83 | 749.64 | 22 |
| EPS * | 22.0 | 18.8 | 21.1 | 19.0 | ||
| Equity | 432.1 | 426.5 | 431.4 | 394.8 | ||
| Adj BV (Rs) | 148.5 | 128.6 | 144.4 | 110.0 | ||
| * EPS and Adj BV are calculated on diluted equity as given for each year. Face Value: Rs 10, Figures in Rs crore, PL: Profit to Loss, LP: Loss to Profit | ||||||
| Source: Capitaline Corporate Database | ||||||
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