Latest news with #AadharHousingFinance
Time of India
4 days ago
- Business
- Time of India
Why are more promoters pledging their shares in Nifty 500 companies?
In the March quarter, shares of several companies, which saw a rise in promoter pledges, had fallen 30-50%. During January-March, promoter stake pledges increased for 27 Nifty 500 companies, including Aadhar Housing Finance and Max Financial Services. While pledging isn't inherently alarming, it raises concerns when a company's fundamentals are weak, potentially amplifying negative impacts if business performance is already questionable. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Promoters' stake pledges went up for 27 companies out of the Nifty 500 companies during January-March, compared with 25 companies in the previous quarter, according to data from Primedatabase. Aadhar Housing Finance Max Financial Services and Raymond Lifestyles were among the companies that saw promoters pledging their holdings during the or shareholders, put up their shares as collateral for loans . While promoters placing their shares as collateral is not uncommon, sudden increases in such pledging catch the attention of the investor community."Pledging of shares in itself is not necessarily a concern and may be a means of leveraging the stake when markets are performing well," said Abhilash Pagaria, head of Alternative and Quantitative Research, Nuvama. "However, if a company's fundamentals are not sound, then it can be a sign of caution.""If a company's business fundamentals are already under the scanner and there is pledging of shares, then it can amplify the negative impact and result in the shares declining," he fall in stock prices could also lead to an increase in share pledges by promoters as lenders seek fresh shares to make up for the drop in value of the collateral. In the March quarter, shares of several companies, which saw a rise in promoter pledges, had fallen 30-50%."When promoter pledges increase, it can indicate the genuine need for capital and tend to move up due to a decline in markets as witnessed in the March quarter," said Manish Bhandari, CEO, Vallum are wary of companies with consistently high pledging of stakes by promoters, as in the past, there have been some instances of these founders defaulting on the loan, forcing the lenders to sell the pledged shares in the open market to make up for the non-payment. "A higher amount of shares can be pledged if the share price falls, as part of margin call; however, this is not a concern unless the increase is substantial of around 30-40%," said Bhandari.
Economic Times
09-05-2025
- Business
- Economic Times
JM Financial maintains Buy on Aadhar Housing Finance, target price unchanged at Rs 525
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Aadhar Housing Finance with an unchanged target price of Rs 525. The current market price of Aadhar Housing Finance is Rs 455.75. The time period given by the analyst is a year when Aadhar Housing Finance price can reach the defined target. Aadhar Housing Finance, incorporated in 1990, is a Small Cap company with a market cap of Rs 19632.31 crore, operating in the NBFC sector. Aadhar Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 833.84 crore, up 4.54% from last quarter Total Income of Rs 797.64 crore and up 20.53% from last year same quarter Total Income of Rs 691.81 crore. The company has reported net profit after tax of Rs 244.84 crore in the latest company's top management includes Prakash Bhatt, Shankar Tripathi, Anand, A Karve, Dr.(Ms.)Nivedita Haran, Dixit, Mehta, Roongta. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 43 Crore shares Financial remains confident in Aadhar's strong growth outlook, supported by its pan-India presence, deepening penetration across urban and emerging markets, and scalable technology infrastructure. They expect AUM CAGR of 20% during FY25-27E and average RoAs/RoE of ~4.2%/16% over FY26-27E. The brokerage maintains a BUY rating with a target price of Rs 525, valuing the company at 2.6x FY27E held 75.61 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.32 per cent, DIIs 7.5 per cent.
Time of India
09-05-2025
- Business
- Time of India
JM Financial maintains Buy on Aadhar Housing Finance, target price unchanged at Rs 525
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel JM Financial has maintained Buy call on Aadhar Housing Finance with an unchanged target price of Rs 525. The current market price of Aadhar Housing Finance is Rs 455.75. The time period given by the analyst is a year when Aadhar Housing Finance price can reach the defined target. Aadhar Housing Finance, incorporated in 1990, is a Small Cap company with a market cap of Rs 19632.31 crore, operating in the NBFC sector. Aadhar Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Fees & Commission Income and Income From Sale Of Share & Securities for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 833.84 crore, up 4.54% from last quarter Total Income of Rs 797.64 crore and up 20.53% from last year same quarter Total Income of Rs 691.81 crore. The company has reported net profit after tax of Rs 244.84 crore in the latest company's top management includes Prakash Bhatt, Shankar Tripathi, Anand, A Karve, Dr.(Ms.)Nivedita Haran, Dixit, Mehta, Roongta. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 43 Crore shares Financial remains confident in Aadhar's strong growth outlook, supported by its pan-India presence, deepening penetration across urban and emerging markets, and scalable technology infrastructure. They expect AUM CAGR of 20% during FY25-27E and average RoAs/RoE of ~4.2%/16% over FY26-27E. The brokerage maintains a BUY rating with a target price of Rs 525, valuing the company at 2.6x FY27E held 75.61 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.32 per cent, DIIs 7.5 per cent.
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Business Standard
06-05-2025
- Business
- Business Standard
Aadhar Housing Finance Q4 results: Profit rises 21% on higher income
Total income during the quarter under review rose to Rs 834 crore from Rs 692 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing Press Trust of India New Delhi Aadhar Housing Finance on Tuesday reported a 21 per cent improvement in net profit to Rs 245 crore in the fourth quarter of 2024-25. The housing finance company earned a profit of Rs 202 crore in the same quarter a year ago. Total income during the quarter under review rose to Rs 834 crore from Rs 692 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing. During the quarter, interest income increased to Rs 722 crore compared to Rs 596 crore in the same period a year ago. Total expenses increased to Rs 517 crore against Rs 433 crore a year earlier. Gross non-performing assets declined to 1.05 per cent as of March 31, 2025, compared to 1.08 per cent at the end of the fourth quarter of the previous financial year. The mortgage firm's Asset Under Management (AUM) grew by 21 per cent to Rs 25,531 crore from Rs 21,121 crore at the end of March 31, 2024. For the financial year ended March 31, 2025, the profit rose by 22 per cent to Rs 912 crore as compared to Rs 750 crore in the previous financial year. Meanwhile, the board has approved the appointment of Raj Vikash Verma as an independent director on the company's board. Verma, former chairman and managing director of National Housing Bank, played a key role in the formulation of various innovative national-level schemes and programmes on affordable and low-income housing of NHB and the Government of India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
06-05-2025
- Business
- Business Standard
Aadhar Housing Finance consolidated net profit rises 21.35% in the March 2025 quarter
Sales rise 20.35% to Rs 832.61 crore Net profit of Aadhar Housing Finance rose 21.35% to Rs 244.84 crore in the quarter ended March 2025 as against Rs 201.76 crore during the previous quarter ended March 2024. Sales rose 20.35% to Rs 832.61 crore in the quarter ended March 2025 as against Rs 691.80 crore during the previous quarter ended March 2024. For the full year,net profit rose 21.64% to Rs 911.83 crore in the year ended March 2025 as against Rs 749.64 crore during the previous year ended March 2024. Sales rose 20.13% to Rs 3107.63 crore in the year ended March 2025 as against Rs 2586.82 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 832.61691.80 20 3107.632586.82 20 OPM % 76.3776.07 - 76.3076.04 - PBDT 322.36264.37 22 1198.50980.57 22 PBT 315.91258.61 22 1173.26959.59 22 NP 244.84201.76 21 911.83749.64 22
