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Aadhar Housing Finance Ltd announced its unaudited financial results for the quarter and nine months ended 31st December, 2024.
Key Performance Highlights:
|
Particulars (Rs. Cr) |
9M FY25 |
9M FY24 |
YoY |
Q3 FY25 |
Q3 FY24 |
YoY |
|
Assets Under Management (AUM) |
23,976 |
19,865 |
21% |
23,976 |
19,865 |
21% |
|
Disbursements |
5,626 |
4,904 |
15% |
2,094 |
1,741 |
20% |
|
Profit after tax (PAT) |
667 |
548 |
22% |
239 |
204 |
17% |
|
Net Worth |
6,114 |
4,249 |
44% |
6,114 |
4,249 |
44% |
|
ROA (%) |
4.3% |
4.2% |
|
4.4% |
4.6% |
|
|
ROE (%) * |
16.8% |
18.3% |
|
15.8% |
19.7% |
|
|
GNPA on AUM (%) |
1.36% |
1.40% |
|
1.36% |
1.40% |
|
*Note:- (After IPO primary portion of Rs. 1000 Cr (Gross)
PERFORMANCE HIGHLIGHTS – Q3 & 9M FY25
· Assets under management (AUM) grew by 21% to Rs. 23,976 crore as of 31st December 2024 from Rs. 19,865 crore as of 31st December 2023
· Total number of loan accounts as of 31st December 2024 reached 2,86,000+
· Profit after tax (PAT) increased by 22% in 9M FY25 to Rs. 667 crore from Rs. 548 crore in 9M FY24
· Net worth stood at Rs. 6,114 Crore as of 30th December 2024 inclusive of IPO proceeds from primary infusion Rs. 1,000 Crore (Gross)
· Return on assets (ROA) for 9M FY25 stood at 4.3%, as against 4.2% for 9M FY24
· Return on equity (ROE) for 9M FY25 stood at 16.8% (see note above), as against 18.3% for 9M FY24
· Gross NPA as of 31st December 2024 stood at 1.36%, as against 1.40% as on 31st December 2023 - Improved by 4 Bps
Commenting on the Q3 & 9M FY25 performance, Mr. Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd
said: “We have successfully concluded the first nine months of FY25 with a strong growth momentum. There has been consistent growth in our AUM, and we have reached an AUM level of Rs. 23,976 Cr as at the end of Q3 FY25 which is a 21% YoY growth in AUM. Disbursements have remained strong with a growth of 20% (Q3 FY25 Vs Q3 FY24). PAT for 9 months ended 31 st December 2024 stood at Rs. 667 Cr, a growth of 22% on a YoY basis.
Government support remains a key growth driver, further strengthened by urbanization and rising demand. The recent budget announcements on income tax exemptions are set to boost the purchasing power of lower and middle income groups, driving increased demand for housing loans. Budget allocations under PMAY will further enhance affordability initiatives, benefiting AHFCs that primarily serve low- and middle-income borrowers.
This quarter we have added 12 new branches, taking the total number of branches in the current financial year to 34. This takes our total branches to 557 covering 21 states and 545 districts, enabling us to serve 286K+ live accounts across the country. Geographical expansion has always been our core focus area and we continue to strengthen our market presence through our “deeper impact” strategy. Additionally, we continue to leverage advanced data-driven insights, thereby strengthening our risk assessment, optimized resource allocation, and enhanced portfolio management.
We are confident in our efforts and the exciting opportunities ahead, as we continue our commitment to serving the underserved communities”.