Aadhar Housing Finance Ltd posted consolidated revenue of Rs 8.97 billion and a profit after tax (PAT) of Rs 2.66 billion for Q2 FY26. The growth was driven by expanding assets under management, robust disbursements in affordable housing, improved margins, and controlled expenses.
Key Highlights
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Consolidated revenue from operations at Rs 8.97 billion for September quarter
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PAT of Rs 2.66 billion, showing healthy growth over previous periods
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21% year-on-year growth in assets under management supporting profitability
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Disbursements increased by 9%, with strong demand in affordable housing segment
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Improved spread to 6.5% reflecting lower incremental borrowing costs
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Controlled operating expenses contribute to better cost-to-AAUM ratio at 2.8%
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Credit costs expected to normalize, with cautious provisions management
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Expansion into new geographies including Assam enhances market presence
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Listed brokerages maintain strong buy ratings with an average target price around Rs 570
Detailed Report
Aadhar Housing Finance Ltd delivered another solid quarter with consolidated revenue of Rs 8.97 billion and a net profit of Rs 2.66 billion in Q2 FY26. The company continues to benefit from a robust growth trajectory in assets under management, supported by sustained disbursement momentum in the affordable housing segment.
The firm’s lending spread improved to 6.5%, boosted by the ability to source lower-cost borrowings and optimize incremental funding costs. Operating expenses grew modestly at 11%, bringing the cost-to-AAUM ratio down to a competitive 2.8%, underscoring efficient management practices.
The company also reported cautious credit cost management, balancing provisions with a positive outlook for normalization. Geographic expansions, particularly entry into Assam, signify its strategic regional diversification.
Industry analysts and brokerages have given Aadhar Housing Finance a strong buy rating, reflecting confidence in the company’s fundamentals and growth potential in India’s burgeoning affordable housing finance space.
Sources: Informist Media, Screener.in, Aadhar Housing Finance Official