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Business Standard
22 minutes ago
- Business Standard
Aadhar Housing rallies 8% on huge volumes post healthy Q1 results
Aadhar Housing Finance share price today Shares of Aadhar Housing Finance hit a new high of ₹538, as they rallied 8 per cent on the BSE in Monday's intra-day trade in an otherwise subdued market on the back of healthy June quarter (Q1FY26) earnings. The stock price of the housing finance company surpassed its previous high of ₹531 touched on July 22, 2025. In the past one month, Aadhar Housing Finance has outperformed the market by surging 21 per cent, as compared to 2.8 per cent decline in the BSE Sensex. Currently, the stock is trading at a 71 per cent premium to its issue price of ₹315 per share. Aadhar Housing Finance made its stock market debut on May 15, 2024. At 11:18 AM; the stock was trading 5 per cent higher at ₹523.80, as compared to 0.16 per cent decline in the BSE Sensex. The average trading volumes at the counter jumped nearly five-fold, with a combined 5.76 million equity shares changing hands on the NSE and BSE. Q1FY26 results - Aadhar Housing Finance Aadhar Housing Finance delivered strong Q1FY26 results, with asset under management (AUM) rising to ~₹26,524 crore, up 22 per cent year-on-year (YoY). Disbursements stood at ₹1,979 crore, a growth of 32 per cent YoY, supported by sustained demand in the affordable housing segment. Profit after tax rose 19 per cent YoY to ₹237 crore, supported by 19 per cent YoY growth in net interest income (NII) at ₹519.4 crore, though fee income remained modest. Credit cost remained contained at ₹26.7 crore, reflecting disciplined underwriting. The company reported GNPA at 1.34 per cent and NNPA steady near 0.7 per cent, with collection efficiency above 98 per cent. The affordable housing finance sector has gained strong momentum over the past year, supported by proactive government measures and rising demand. A key macro development this quarter was Reserve Bank of India's (RBI's) third consecutive repo rate cut, reducing it by 50 basis points to 5.50 per cent in June 2025, enhancing affordability for first-time and low-income homebuyers ahead of the festive season. The management remains optimistic that these policy actions will further accelerate growth in the affordable housing segment. ICICI Securities view on Aadhar Housing Finance Continued healthy traction across parameters bodes well. While lower interest rates may pose a challenge to spreads, management remains confident of sustaining momentum through operating efficiency and deeper branch penetration, which should continue to support valuations, ICICI Securities said in a note. Open offer by BCP Asia II and Blackstone Aadhar Housing Finance on Saturday in an exchange filling said that BCP Topco VII Pte. Ltd (Seller), the promoter of the company entered into a share purchase agreement (SPA) with the BCP Asia II Holdco VII Pte. (Acquirer), pursuant to which the Acquirer has agreed to acquire from the Seller up to a maximum of 282 million equity shares representing 64.14 per cent equity capital of the company at a price not exceeding ₹425 per equity share, in one or more tranches. BCP Asia II and Blackstone made an open offer to buy its 113.5 million shares, or 25.82% stake, from public shareholders as per SEBI rules. The company informed about the latest development through an exchange filing.
India.com
22 minutes ago
- India.com
Indias Cheapest 2-Door Convertible Sports Car: 0 To 100Kmph In 3.2 Seconds, 200kmph Top Speed, Tonnes Of Features And More - Priced At Just Rs...
photoDetails english 2937971 India's Cheapest 2-Door Sports Car - MG Cyberster: After numerous teasers, MG has finally launched its electric sports car, the Cyberster, via MG SELECT, the brand's luxury channel. Priced at Rs 74.99 lakh (introductory, ex-showroom), customers who had already pre-booked the vehicle will get it at just Rs 72.49 lakh. The price includes a 3.3kW portable charger and a 7.4kW wallbox charger. At this price point, it is the most affordable 2-door sports car in India, accelerating from 0 to 100 kmph in just 3.2 seconds. Deliveries of the Cyberster will begin on August 10, 2025. Now, curious to know more about what else the MG Cyberster offers? Here are the details: Updated:Jul 28, 2025, 11:09 AM IST Battery And Range 1 / 7 Battery And Range: The MG Cyberster comes with a 77kWh battery pack that offers a claimed range of 580km (MIDC-rated) on a single charge. Motors And Output 2 / 7 Motors And Output: It is equipped with dual electric motors, one placed on each axle. The setup generates 510bhp of power and 725Nm of torque. Performance 3 / 7 Performance: MG claims the Cyberster can accelerate from 0 to 100 kmph in just 3.2 seconds, with a top speed of 200 kmph. Charging 4 / 7 Charging: Using a DC superfast charger, it can be charged from 10% to 80% in just 40 minutes. An AC fast charger takes around 12.5 hours for a full charge from 0 to 100 percent. Feature 5 / 7 Feature: This two-seater electric convertible is loaded with features like four screens (a 10.25-inch digital cluster and three 7-inch displays), wired Apple CarPlay and Android Auto, tilt and telescopic steering wheel, 8-speaker Bose audio system, 8-way power-adjustable driver and passenger seats with heating function, ambient lighting, sustainable dynamica suede and leather seats, and electrically foldable and adjustable ORVMs with heating. Additional Features 6 / 7 Additional Features: It also comes with V2L (Vehicle-to-Load), auto AC with PM2.5 filter, multiple airbags, TPMS, EPB with auto hold, Level 2 ADAS, a 360 camera, and more. Color Options 7 / 7 Color Options: The Cyberster is available in four color options: Andes Grey with Red Roof, Flare Red with Black Roof, Modern Beige with Red Roof, and Nuclear Yellow with Black Roof.
Hans India
22 minutes ago
- Hans India
Maximise benefits of `1,000 cr scheme, Centre urges states
Vijayawada: In a major step towards strengthen India's MSME sector and promote sustainable industrial practices, the ministry of power has launched the Assistance in Deploying Energy Efficient Technologies in Industries and Establishments (ADEETIE) scheme, backed by a Rs 1,000-crore Central budget. Launched nationally from Panipat, the scheme is being implemented by the Bureau of Energy Efficiency (BEE) and is designed to fast-track the adoption of advanced energy-efficient technologies in MSMEs—an economic backbone employing millions and driving innovation across sectors. As part of the national rollout, BEE has appealed to all state governments to take immediate and focused action in scaling up implementation of the ADEETIE scheme. States have been urged to engage their State Designated Agencies (SDAs) to proactively educate stakeholders, identify eligible clusters, and provide end-to-end support to MSMEs for seamless technology transition. 'ADEETIE is a big boon to the MSME sector,' said Akash Tripathi, additional secretary, ministry of power and director general, BEE. 'We urge all states to capitalize on this opportunity from the very beginning to ensure the scheme's success and maximize benefits for their industries.' Of the Rs.1,000-crore budget, Rs 875 crore is earmarked as interest subvention to ease access to concessional finance for energy-efficient upgrades, while Rs 50 crore is allocated for implementation and capacity-building. The initiative is expected to leverage total investments of over Rs 9,000 crore, including significant lending by MSMEs themselves. The scheme provides comprehensive support—from Investment Grade Energy Audits (IGEA) and Detailed Project Reports (DPRs) to financing assistance and Monitoring and Verification (M&V)—ensuring measurable energy savings, reduced costs, and enhanced productivity. ADEETIE is operational across 60 industrial clusters and 14 energy-intensive sectors, including textiles, foundries, and food processing, among others. A phased, cluster-specific approach is being adopted to tailor interventions and ensure measurable outcomes. Apart from Kochi, Bhuvneshwar, West Godavari of Andhra Pradesh was selected under ADEETIE Scheme for fisheries. Apart from Ambala, Firozabad, Chirkunda, East and West Godavari of AP have been selected for glass and refractory Sector. The Union government sees this scheme as a pivotal tool not just for post-pandemic recovery, but for long-term sustainability, job creation, and achieving India's climate and net-zero goals. The ministry of power has specially acknowledged the proactive role of states like Andhra Pradesh, Telangana, Kerala, Karnataka and Tamil Nadu, while calling upon all states to rise to the occasion and make ADEETIE a turning point in India's clean industrial growth.
