Aadhar Housing Finance Q2 PAT Rises 15% YoY to Rs 228 Crore

Aadhar Housing Finance Ltd, announced its unaudited financial results for the quarter and half year ended 30th September, 2024. With a remarkable first half performance, the Company is poised to achieve the targets set for this year.

Key Performance Highlights:

*Note:- (After IPO primary portion of Rs 1000 Cr (Gross)

PERFORMANCE HIGHLIGHTS – Q2 & H1 FY25

·        Assets under management (AUM) grew by 21 % to Rs 22,817 crore as of 30th September, 2024 from Rs 18,885 crore as of 30th September 2023

·        Total number of loan accounts as of 30th September, 2024 reached 2,77,000+

·        Profit after tax grew 24% YoY to Rs. 428 Crs in H1FY25 as against Rs. 344 Crs in H1FY24

·        Profit after tax grew 15% YoY to Rs. 228 Crs in Q2FY25 as against Rs. 197 Crs in Q2 FY24

·        Net worth stood at Rs 5,872 Crore as of 30th September 2024 is inclusive of IPO proceeds from primary infusion Rs 1,000 Crore (Gross)

·        Return on assets (ROA) H1 FY25 stood at 4.2%, as against 4.0% as on H1 FY24

·        Return on equity (ROE) H1 FY25 stood at 16.5% (See note above), as against 17.7% as on H1 FY24

·        Gross NPA as of 30th September 2024 stood at 1.29%, as against 1.35% as on 30th September 2023 - Improved by 6 Bps

Commenting on the Q2 & H1 FY25 performance, Mr. Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd

said:

“We have concluded the First Half of FY25 with a steady growth on all parameters. In Q2 FY25, we delivered an 21% growth in our AUM taking it to Rs. 22,817 Cr, making it the highest ever till date. Our PAT for H1 FY25 stood at Rs. 428 Cr, marking a growth of 24% on a YoY basis.

Our distribution network that enables us to cater to deeper areas in the country has expanded significantly, with a total 545 branches spread across 545 districts in 21 states. This quarter we have added 9 new branches taking total to 22 new branches in current financial year. This has helped us serve more than 277k+ live accounts in the country.

Strategic investments in technology and data analytics have boosted our operational efficiencies, while our deeper impact strategy across five key states has further accelerated growth. 

Wish to highlight another important update with respect to independent director. As already informed to the exchanges as on 7th Aug 24 that Dr Punita Kumar Sinha has been inducted as independent director on our board. She comes with rich experience over 30 years in investment banking & financial markets.

Additionally, recent government initiatives are boosting demand in India’s housing sector, positioning the industry for sustained growth in the decades ahead. Aadhar is well-placed to drive this growth and remains focused on providing accessible and affordable housing finance solutions for the EWS and LIG segments of society.”