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Informist, Monday, May 4, 2026

 

By Meera Nair

 

MUMBAI – Aadhar Housing Finance Ltd. is expected to report a sharp improvement in its earnings for the March quarter on the back of strong growth in assets under management and disbursement, according to estimates compiled by Informist from four brokerages.

 

The low-income housing finance company's net profit for the March quarter is estimated to rise over 22% on year to almost INR 3 billion, almost flat sequentially. In the year-ago quarter, Aadhar Housing Finance's bottom line was INR 2.45 billion. The company's assets under management are seen 20% higher on year and 7% higher on quarter at INR 307 billion, according to analysts from ICICI Securities. Disbursements by the company are expected to rise almost 19% on year and over 28% sequentially to INR 31 billion, according to JM Finance Institutional Securities Ltd.

 

For the March quarter, the highest net profit estimate of INR 3.09 billion is from ICICI Securities Ltd., while the lowest is INR 2.87 billion from Kotak Securities Ltd.

 

For Jan-Mar, the company is likely to deliver 20% growth on year in assets under management, driven by 15% growth in disbursements, according to Kotak Securities. The operating expense growth will likely be in line with growth in assets under management at 20%, leading to a cost-to-average assets under management ratio of 3.2%, according to Kotak Securities. The brokerage also expects credit cost to fall by 17 basis points in the quarter. Spreads are likely to moderate to 6.4% from 6.6% in the previous quarter, according to the brokerage firm.

 

The company's net interest income for the latest quarter is estimated to rise over 30% on year to INR 5.33 billion, and nearly 10% higher sequentially, based on the average of estimates. The highest estimate for the bank's net interest income is INR 6.27 billion from Yes Securities (India) Ltd. and the lowest is INR 4.99 billion by Kotak Securities Ltd.

 

All the four brokerage reports on the company available with Informist have a 'buy' or equivalent recommendation on the stock with an average target price of INR 598, which is nearly 20% higher than Monday's closing price of INR 499.55 on the National Stock Exchange.

 

Shares of the lender have risen almost 4% since its December quarter results were released on Jan. 30. On Monday, shares of the company closed over 2% higher at INR 499.55 on the National Stock Exchange. The company will announce its earnings for the March quarter on Tuesday.

 

Following are the Jan-Mar earnings estimates for Aadhar Housing Finance Ltd. from four brokerages in descending order of the estimate of net profit in INR billion:

 

RESPONDENT	NII	Net profit
ICICI Securities Ltd	5.05	3.09
YES Securities (India) Ltd	6.27	3.04
JM Financial Institutional Securities Pvt Ltd	5.00	3.00
Kotak Securities Ltd	4.99	2.87

 

End

 

Edited by Avishek Dutta

 

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