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Business Standard
3 days ago
- Business
- Business Standard
Aadhar Housing up 8% post Q1 results; ICICI Securities analyses numbers
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. Check List of Q1 results today 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.
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Business Standard
3 days ago
- Business
- 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.
The Hindu
5 days ago
- Business
- The Hindu
IDFC First Bank Q1 net profit slumps 32% to ₹463 crore
IDFC First Bank Ltd. reported a 32% fall in Q1 net profit to ₹463 crore from the same period last year largely impacted by microfinance business and interest rate movement. Net interest income (NII) grew 5.1% YoY from ₹4,695 crore to ₹4,933 crore. Net interest margin (NIM) on AUM reduced by 24 bps QoQ, from 5.95% in Q4FY25 to 5.71% in Q1FY26, largely due to repo impact, asset mix change (including sharp decline in the micro-finance business) and decline in investment yields. 'On asset quality, all our businesses, other than microfinance continue to perform well, GNPA and NNPA are at 1.97% and 0.55%, respectively,' said MD and CEO V. Vaidyanathan. 'Our margins reduced because we passed on the benefit of repo rate to eligible borrowers and asset mix change, but term deposits broadly would take a year to reprice downwards,' he said. 'So, by H2FY26 margins is likely to be better. Also, by H2FY26, MFI issue should largely be behind us. Our customer franchise is strong. So, all-in-all, we are positioned well for the future,' he added.
Mint
21-07-2025
- Business
- Mint
HDFC Bank vs ICICI Bank: Which stock to buy post Q1 results 2025?
Shares of HDFC Bank and ICICI Bank will remain in focus in Monday's trading session after private banks reported financial results for the quarter ending on June 30, 2025 last week. Private lender HDFC Bank share price have gained over 19 per cent in six months and one year. Meanwhile, ICICI Bank share price has surged nearly 15 per cent in one year. Private sector heavyweights HDFC Bank and ICICI Bank have delivered strong Q1 FY26 results, each highlighting different strengths. HDFC Bank reported a healthy 12.24% YoY jump in standalone profit after tax (PAT) at ₹ 18,155 crore, supported by strong deposit mobilisation and an uptick in other income. However, the consolidated profit saw a slight dip of 1.31% YoY. Despite steady loan growth and robust deposit growth (up 16.2% YoY), the bank saw mild deterioration in asset quality, with GNPA and NNPA rising marginally. Net Interest Margin (NIM) also slipped to 3.35% from 3.6% YoY. HDFC Bank's board has approved a special dividend of ₹ 5 per share, with the record date set for Friday, July 25. Additionally, the board has sanctioned the bank's first-ever bonus issue in a 1:1 ratio, granting shareholders one bonus share for each share they own. The record date for the bonus issue will be announced later. ICICI Bank, on the other hand, delivered an even stronger performance. Standalone PAT rose 15.5% YoY to ₹ 12,768 crore, while consolidated PAT increased 15.9% to ₹ 13,558 crore. The bank reported a 10.6% growth in NII to ₹ 21,635 crore and demonstrated a notable improvement in asset quality: GNPA declined to 1.67% and NNPA to 0.41%, compared to 2.15% and 0.43% a year ago. Although NIM dipped slightly, the improvement in asset quality, healthy loan and deposit growth, and robust core profitability paint a fundamentally bullish picture. Anuj Gupta, Director, Ya Wealth Research & Advisory recommends investment in both the stocks as the quartely numbers posted by both the private lenders are positive. ' On the basis of number both are looking positive but here very difficult to choose as both are moving as per same pace. Investors can invest 50% in one and another 50% in another stock,' Gupta said. On the other hand, Sugandha Sachdeva- Founder-SS WealthStreet, says that ICICI Bank appears stronger in the short to medium term from a technical perspective. ' ICICI Bank is showing superior momentum both fundamentally and technically, backed by improved asset quality and bullish chart structure. The stock has formed a double bottom near ₹ 1380 and a tweezer bottom at ₹ 1410, validating key support near the lower Bollinger Band. As long as the stock sustains above ₹ 1400, it could head higher toward ₹ 1650 levels in the medium term. A protective stop should be maintained at ₹ 1250 on a closing basis,' Sachdeva said. Conversely, HDFC Bank seems to be facing resistance near ₹ 2020–2030 levels, she added. Sachdeva further went on to say that the stock looks top-heavy with the RSI declining and price facing rejection near the upper Bollinger band. 'Immediate support lies around ₹ 1920, and a breach could open downside potential toward ₹ 1820. However, these dips could offer accumulation opportunities for long-term investors. A closing stop loss should be kept at ₹ 1750 levels for a target of Rs.2200 from a medium to long-term perspective,' she said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Scotsman
02-06-2025
- Politics
- Scotsman
How two local pensioners defeated plans for Galloway National Park
Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Was it Media House wot won it? Widely recognised as an extraordinarily divided process, the fierce arguments over the creation of a national park in Galloway and Ayrshire are over. Opponents have won the day decisively, and in their struggle to understand how they lost after years of preparation, supporters point to the involvement of a public relations company as the reason for their defeat. Rather than focusing on the substance of the fundamental weaknesses in the case for imposing a new layer of expensive bureaucracy on an area crying out for investment in poor infrastructure to service an economy reliant on mature dairy and forestry sectors and heavy transport, pro-park campaigners have instead sought to blame the messengers. Advertisement Hide Ad Advertisement Hide Ad It was no surprise when Galloway was selected – ahead of four rival bids from campaigners in Lochaber, Loch Awe, Tay Forest and the Scottish Borders – because there was no organised grassroots opposition and, as well as a third park being a commitment in the Bute House agreement between the Greens and SNP, a park in Galloway was a Conservative manifesto pledge, the local Labour MSP Colin Smyth was fully in favour and the local councils also appeared supportive. Denise Brownlee, left, and Liz Hitschmann set up a campaign to oppose plans for a Galloway National Park, and quickly discovered many other people were concerned too | contributed Shocked by stiff resistance It looked like a slam dunk, and perhaps the Galloway National Park Association (GNPA), Action to Protect Rural Scotland (APRS) and the Scottish Campaign for National Parks (SCNP) thought so too. However, it was not that simple. The pros and cons of a park in Galloway had never been properly tested locally, and despite years of lobbying, the GNPA, APRS and SCNP seemed shocked when stiff resistance appeared from what looked like nowhere. But the arguments had been thoroughly road-tested elsewhere, particularly by the National Farmers' Union Scotland, and problems in the existing two parks led to protests in Braemar and Lochaber campaigners petitioning the Scottish Parliament for an independent review of Cairngorm and Loch Lomond before a third was designated. The Scottish Government's refusal to do so only fuelled suspicions there was something to hide. Advertisement Hide Ad Advertisement Hide Ad The examination of the five bids, contained in last week's NatureScot report on the Galloway consultation process, is revealing. 'Galloway was clearly the least divided with the conversation much more focused around exploring ideas and opportunities rather than asking questions about what a national park is or the process,' it said. 'This will without a shadow of a doubt be because the GNPA have been promoting their campaign for over seven years now within the local area so a lot more people are aware of what a national park is and what the process is as well.' Hardly convincing This was, to put it mildly, an overstatement because there was little evidence of a proper examination of the issues. 'The four engagement sessions took place in four very different communities, however there was an overall sense… that the creation of a national park within the area is something a majority of the community want to see happen,' it continued. Four low-key 'engagement' sessions producing 'an overall sense' in such a large area was hardly convincing and the selection from applications submitted by activists seemed based on which offered the path of least resistance. Galloway looked like it fitted the bill until Denise Brownlee and Liz Hitschmann, two Gatehouse of Fleet pensioners who decided they were not going to let it become a national park without a fight, got the bit between their teeth. Despite being near neighbours, they were only nodding acquaintances until Galloway's selection brought them together and they launched the No Galloway National Park Facebook page to make their opposition known. Advertisement Hide Ad Advertisement Hide Ad Media House had helped the Lochaber campaigners so knew the background, but by the time we were put in touch with Liz and Denise, the Facebook page was already building momentum. They had a strong brand – a logo professionally produced for free by a sympathetic graphic designer – and banners were already being printed for prominent roadside positions. Amplifying the message As the lead Media House consultant – described as 'slick' by the BBC amongst others – maybe I should just sit back and take the plaudits, but that would be unfair to Liz and Denise's impressive intelligence gathering, their energy in attending public meetings, and the speed with which they approved news releases and kept campaigners informed. They were relentless and all we had to do was amplify their message. Our involvement attracted media attention, with the inference of some mysterious right-wing conspiracy, but oddly that attention did not extend to the other side, who had employed consultants, Scottish Festivals PR, for some time. They also had support from the Unesco Biosphere, South of Scotland Enterprise and the South of Scotland Destination Alliance, and still they failed to convince enough local people to pledge their support in the consultation, defeated by 54 per cent to 42, with the rest undecided. Advertisement Hide Ad Advertisement Hide Ad What was never answered was why an area crawling with government-funded agencies needed another expensive layer of bureaucracy to give it a boost. And the NC 500, rather than the Lake District, showed what happens when a region with poor infrastructure is over-promoted. What now? The NatureScot report recommends strengthening existing arrangements, including more resources for the Biosphere Reserve, a new plan for the Galloway Forest Park, completion of the coastal path as a key visitor attraction, investment in existing community-led projects, and support for the Solway Firth Partnership. So the often bitter debate has not been for nothing.
