Earnings Review
Aadhar Housing PAT rises 21% on yr; misses Street view
This story was originally published at 19:44 IST on 6 May 2025
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--Aadhar Housing Jan-Mar consol net profit INR 2.45 bln
--Analysts saw Aadhar Housing Jan-Mar consol net profit INR 2.61 bln
--Aadhar Housing Jan-Mar consol PAT INR 2.45 bln vs INR 2.02 bln year ago
--Aadhar Housing Jan-Mar consol revenue INR 8.33 bln vs INR 6.92 bln yr ago
--Aadhar Housing FY25 consol PAT INR 9.12 bln vs INR 7.50 bln year ago
--Aadhar Housing FY25 consol revenue INR 31.08 bln vs INR 25.87 bln year ago
--Aadhar Housing board OKs raising borrowing limits up to INR 300 bln
MUMBAI – Aadhar Housing Finance Ltd.'s consolidated net profit rose 21.1% on year in the quarter ended March, driven by a similar increase in interest income. However, an on-year jump in finance costs ate into the housing finance company's bottom line.
Aadhar Housing Finance's net profit was at INR 2.45 billion in Jan-Mar, up 2.3% from a quarter ago. However, the company missed the consensus estimate on net profit of INR 2.61 billion.
The company's total income for the quarter rose 20.5% on year to INR 8.34 billion, of which the interest income jumped 21.1% on year to INR 7.22 billion. Net gain on derecognition of financial instruments under the amortised cost category jumped 32.1% on year to INR 489.10 million.
The housing finance company's total expenses in Jan-Mar rose 19.6% on year to INR 5.18 billion, of which finance costs grew by 20.2% on year to INR 3.15 billion.
For the financial year ended March, the company reported a 21.6% increase in net profit to INR 9.12 billion. Its total income for the year rose 20.2% to INR 31.09 billion.
Aadhar Housing Finance's assets under management grew 21% on year to INR 255.31 billion as on Mar. 31. The company said all its assets were in the secured retail segment. Product-wise, INR 188.18 billion of the company's assets were retail home loans, while the rest comprised other retail mortgage loans.
Its disbursements for the quarter were at INR 25.66 billion, up 18% on year. In Jan-Mar, borrowing from banks contributed 53% of Aadhar Housing Finance's funding sources, against 51% in the December quarter.
The company's gross non-performing asset ratio improved to 1.05% as on Mar. 31 from 1.08% a year ago. For the year ended Mar. 31, the Blackstone-promoted group's net interest margin was at 9.1%. The company's capital adequacy ratio rose to 44.1% as of Mar. 31 from 37.7% a year ago.
Aadhar Housing opened 57 new branches in the financial year ended March, taking the total number of branches to 580. "We remain confident that low-income housing will continue to be a key pillar of India's housing finance landscape, with the sector well-positioned for further expansion," Rishi Anand, managing director and chief executive officer of Aadhar Housing Finance, said in a press release Tuesday.
The company's board of directors approved raising borrowing limits up to INR 300 billion. On Tuesday, shares of the company closed 2.2% lower at INR 464.65 on the National Stock Exchange. The company released its earnings after market hours. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Cassandra Carvalho
Edited by Saji George Titus
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