Aadhar Housing Finance Limited has informed the Exchange about Transcript
AADHARHFC · price
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Aadhar Housing Finance reported FY25 AUM of INR 25,531 crores (up 21% YoY), crossing the INR 25,000 crore mark as the first low-income housing finance company to do so. Disbursements grew 16% YoY to INR 8,192 crores, with Q4 PAT up 21% YoY at INR 245 crores and full-year PAT at INR 912 crores (up 22% YoY). Asset quality remained strong with GNPA improving 3 bps to 1.05%, 100%+ collection efficiency, and capital adequacy at a comfortable 44.1%. Cost-to-income ratio improved by 104 bps to 36.4%, beating earlier guidance. Management introduced a new urban vs. emerging (A/B/C) branch segmentation strategy to protect yields and manage balance transfer (BT) outflow, which dropped to 6.49% from 6.93%. First ECB issuance of USD 50 million at ~8.1% hedged cost diversifies the borrowing mix (now 53% banks, 23% NHB, 21% NCDs, 3% ECB).
Strong all-round performance with growth, profitability, and asset quality metrics all improving in tandem is positive for shareholders. FY26 guidance of 20-21% AUM growth, 20-21% PAT growth, and stable NPA at 1.10-1.15% signals confidence. Strategy to shift towards emerging (Tier 4-5) markets with higher yields (14-16%) and the expected 30-50 bps further cost-to-income improvement should support margin stability, though rising competition in BT and rate cuts remain watchpoints.