Latest news with #NNPA
&w=3840&q=100)
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.
&w=3840&q=100)
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.
The Independent
10-07-2025
- The Independent
Part of felled Sycamore Gap tree to go on permanent display
A piece of the illegally-felled Sycamore Gap tree is set to go on permanent display. Two men were found guilty of chopping down the world-famous tree in September 2023, in an act that sparked global outrage. Now people will be able to get up close to the tree once again as part of its trunk will be going on display at Sill National Landscape Discovery Centre near Hadrian's Wall in Northumberland - two miles away from where the tree stood. The instillation created by artist Charlie Whinney includes a piece of the tree which is more than 6ft (2m) long and is surrounded steam-bent wood that twists around the original trunk and three benches. A public consultation was held to decide what to do with the remains of the much-loved tree, which included a workshop with children and any written contributions people wanted to make. On the three benches words taken from people's submissions have been inscribed. "They wanted to be able to sit down, so we made some benches, and also pretty much 100 per cent of the people we spoke to said they want to be able to access the tree and touch it,' Mr Whinney told the BBC. He said: 'I really hope what we've done in some small way allows the people of Northumberland and those who held this tree close to their hearts to process the loss they still feel from that day in September 2023, when the tree was illegally cut down. The work looks forward with hope, the tree is regrowing, and Sycamore Gap will always be a magical place to visit.' The Northumberland National Park Authority (NNPA) received letters, emails and messages in visitor books with people talking about the tree. Tony Gates Chief executive of the NNPA explained the past 18 months since the tree was felled has been difficult and that the opening of the instillation on Thursday will be a big moment. "Back in September 2023, people felt they'd lost the tree forever and maybe in some ways felt they'd lost those memories of those life events," he told the BBC. "To be sat here today to be part of that tree with this beautiful installation, it gives me a ray of hope for the future, this is a time to look forward and a time for us to repledge to do positive things for nature." The tree was not Britain's biggest or oldest, but it was prized for its picturesque setting symmetrically planted between two hills along the ancient wall built by Emperor Hadrian in A.D. 122 to protect the northwest frontier of the Roman Empire, and had attracted generations of followers. The tree had been known to locals but received international attention in Kevin Costner's 1991 film 'Robin Hood: Prince Of Thieves.' It drew tourists, lovers, landscape photographers and even those who spread the ashes of loved ones.
