Latest news with #RishiAnand
Business Standard
4 days ago
- Business
- Business Standard
Aadhar Housing hits record high after Q1 PAT climbs 18% YoY to Rs 237 cr
Aadhar Housing Finance jumped 4.69% to Rs 520.20 after the company's consolidated net profit jumped 18.56% to Rs 237.28 crore on 18.94% increase in revenue from operations to Rs 848.18 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) stood at Rs 305.15 crore in Q1 FY26, up 18.62% compared with Rs 257.24 crore in Q1 FY25. Asset under management (AUM) climbed 22% to Rs 26,524 crore in Q1 June 2025 as against 21,726 crore in Q1 June 2024. Disbursements stood at Rs 1,979 crore in Q1 FY26, up 32% YoY. Rishi Anand, MD & CEO of Aadhar Housing Finance, said: We concluded the first quarter of FY26 on a strong note with an AUM of Rs 26,524 crore, reflecting a YoY growth of 22%. Disbursements remained healthy at Rs 1,979 crore, up 32% YoY, supported by sustained demand in the affordable housing segment. Profit after Tax (PAT) for the quarter stood at Rs 237 crore, marking a YoY growth of 19%. Another milestone to highlight for this quarter is the rating upgrade from CARE for our long-term bank facilities and non-convertible debentures (NCDs) to CARE AA+ from the earlier CARE AA, while maintaining a stable outlook, reflecting Aadhars strong financial and operational performance. We also marked our entry to a new state Assam with a new branch at Guwahati. 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 RBIs third consecutive repo rate cut, reducing it by 50 basis points to 5.50% in June 2025, enhancing affordability for first-time and low-income homebuyers ahead of the festive season. We remain optimistic that these policy actions will further accelerate growth in the affordable housing segment. Meanwhile, Blackstone Capital Partners (BCP) Asia II Holdco VII Pte together with Blackstone Capital Partners (CYM) IX AIV - F L.P. and Blackstone Capital Partners Asia II L.P. announced an open offer to acquire up to 11,35,25,761 fully paid-up equity shares of face value of Rs 10 each of Aadhar Housing Finance, representing 25.82% of its expanded voting share capital, at a price of Rs 469.97 per equity share, amounting to a total consideration of up to Rs 5,335.37crore payable in cash. Aadhar Housing Finance is a housing finance company (HFC). It offers an array of mortgage related products, including loans for buying and constructing residential properties, home improvement and extension, and micro loan against property. The counter hit an all -time high at Rs 538 on the BSE.
Time of India
6 days ago
- Business
- Time of India
Aadhar Housing Finance's net profit up 18.56% in Q1 FY26
NEW DELHI: Aadhar Housing Finance has reported a growth of 18.56 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax stood at ₹237.28 crore in Q1 FY26 as against ₹200.14 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹851.34 crore in Q1 FY26, a growth of 19.38 per cent from ₹713.15 crore it recorded in the similar quarter last year. Rishi Anand , MD & CEO of the company said, 'We concluded the first quarter of FY26 on a strong note with an AUM of ₹26,524 crore, reflecting a year-on-year growth of 22%. Disbursements remained healthy at ₹1,979 crore, up 32% year-on-year, supported by sustained demand in the affordable housing segment. Profit after Tax (PAT) for the quarter stood at ₹237 crore, marking a year-on-year growth of 19%." Assets under management (AUM) grew by 22% to ₹26,524 crore as of 30th June 2025 from ₹21,726 crore as of 30th June, 2024 while total number of loan accounts reached over 3,06,000. As on June 30, 2025, the company's net worth stood at ₹6,616 crore, return on assets (ROA) stood at 4% and gross NPA stood at 1.34%.
News18
6 days ago
- Business
- News18
Aadhar Housing Finance Q1 profit rises 19 pc to Rs 237 crore
New Delhi, Jul 25 (PTI) Aadhar Housing Finance on Friday reported a 19 per cent increase in net profit to Rs 237 crore in the first quarter ended June 2025. The housing finance company earned a profit of Rs 200 crore in the same quarter a year ago. Total income during the quarter under review rose to Rs 851 crore from Rs 7,413 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing. During the quarter, interest income increased to Rs 700 crore compared to Rs 629 crore in the same period a year ago. Total expenses increased to Rs 546 crore against Rs 456 crore in same period a year ago. Gross non-performing assets rose marginally to 1.34 per cent as of June 30, 2025, compared to 1.31 per cent of AUM at the end of the first quarter of the previous financial year. The mortgage firm's Asset Under Management (AUM) grew by 26 per cent to Rs 26,524 crore from Rs 21,726 crore at the end of June 30, 2024. Disbursements remained healthy at Rs 1,979 crore, up 32 per cent, supported by sustained demand in the affordable housing segment, the company's MD and CEO Rishi Anand said. PTI DP HVA view comments First Published: July 25, 2025, 21:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
6 days ago
- Business
- Business Upturn
Aadhar Housing Finance Q1 results: AUM grows 22% YoY to Rs 26,524 crore, net profit rises 19% to Rs 237 crore
By Aditya Bhagchandani Published on July 25, 2025, 17:59 IST Aadhar Housing Finance Ltd reported a strong set of numbers for the quarter ended June 30, 2025. The company's Assets Under Management (AUM) rose 22% year-on-year to Rs 26,524 crore, while Profit After Tax (PAT) increased by 19% to Rs 237 crore from Rs 200 crore in Q1 FY25. Disbursements for the quarter stood at Rs 1,979 crore, marking a 32% jump YoY, driven by healthy demand in the affordable housing segment. The company's net worth rose 17% YoY to Rs 6,616 crore. Return on Assets (ROA) came in at 4.0% and Return on Equity (ROE) stood at 14.7%. Gross NPA on AUM increased slightly to 1.34% from 1.31% YoY. Commenting on the performance, MD & CEO Rishi Anand said the company's growth was supported by robust operational strength and rising housing demand. He also highlighted a rating upgrade by CARE from AA to AA+ and the company's expansion into Assam with a new branch in Guwahati. We concluded the first quarter of FY26 on a strong note with an AUM of INR 26,524 crore, reflecting a YoY growth of 22%. Disbursements remained healthy at INR 1,979 crore, up 32% YoY, supported by sustained demand in the affordable housing segment. Profit after Tax (PAT) for the quarter stood at INR 237 crore, marking a YoY growth of 19%. Another milestone to highlight for this quarter is the rating upgrade from CARE for our long-term bank facilities and non-convertible debentures (NCDs) to CARE AA+ from the earlier CARE AA, while maintaining a stable outlook, reflecting Aadhar's strong financial and operational performance. We also marked our entry to a new state Assam with a new branch at Guwahati. 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 RBI's third consecutive repo rate cut, reducing it by 50 basis points to 5.50% in June 2025, enhancing affordability for first-time and low-income homebuyers ahead of the festive season. We remain optimistic that these policy actions will further accelerate growth in the affordable housing segment. Our leadership in the affordable housing segment is anchored in serving low-income families across 22 states, 591 branches and 547 districts, reaching over 3,06,000+ customers. Backed by a robust operational foundation and a customer-centric strategy, Aadhar Housing Finance remains well-positioned to continue its growth journey while enabling more families to realize their dream of home ownership. Aadhar Housing remains optimistic on sector momentum, supported by RBI's third consecutive repo rate cut to 5.50% in June 2025, which is expected to drive affordability and demand in the coming quarters. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
14-06-2025
- Business
- Hans India
Aadhar Housing Finance Committed to Make Homeownership Accessible to Communities in Kochi & Trivandrum under PMAY
Aadhar Housing Finance Ltd., India's leading low-income housing finance provider, has announced the launch of Phase II of its Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) awareness camp, with a sharp focus on making homeownership more accessible to underserved communities of Kerala. Building on the success of its previous efforts, the company will conduct PMAY Utsav and Spot Sanction Camps from 12 – 15 June 2025 making the PMAY process simple, transparent, and accessible for first-time homebuyers in Kochi & Trivandrum The camp will help in checking eligibility, understand the documents required, expected benefits—including subsidies of up to ₹1.80 lakh and get faster loan approvals—bringing the families one step closer to owning their dream home. Additionally, eligible applicants will receive spot home loan sanction letters at these camps upon document verification. Aadhar Housing Finance is committed to helping first-time homebuyers from low-income backgrounds realising their dream of owning a home. With affordable loan options typically ranging between ₹10–13 lakhs, most customers fall well within the eligibility criteria for the PMAY subsidy. The recent revival of the Credit Linked Subsidy Scheme (CLSS) makes home loans even more affordable by lowering EMIs. This is especially helpful in smaller towns and emerging cities where cost of housing is lower, and government subsidies play a bigger role in purchase decisions. By making repayments easier and faster, Aadhar aims to ensure a smooth and secure path to homeownership for EWS and LIG families. Rishi Anand, MD & CEO, Aadhar Housing Finance Ltd. said, 'At Aadhar Housing Finance, our mission has always been to make homeownership a reality for India's underserved families. With the Government's renewed push for affordable housing and the revival of the PMAY interest subsidy scheme, we see a powerful opportunity to extend that dream to even more first-time homebuyers. Through our spot sanction camps, especially in emerging markets, we aim to simplify access, raise awareness, and fast-track the journey toward owning a dream home.' Aadhar Housing Finance currently serves nearly 3 lakh live customers across 545 districts and 580+ branches in 22 states and union territories. With nearly 74% of its portfolio dedicated to home loans and a strong presence in emerging markets, Aadhar is well-positioned to expand access to affordable housing finance where it's needed most. This initiative directly supports the Government of India's 'Housing for All' vision and is aligned with the National Housing Bank's (NHB) inclusion goals. PMAY Awareness Campaign by Aadhar is a key part of the company's broader mission to contribute towards Viksit Bharat.
