Aadhar Housing Finance, which was listed just a fortnight ago, announced a significant 43% year-on-year increase in net profit for the March quarter, reaching Rs 202 crore compared to Rs 141 crore in the same period last year. This impressive performance highlights the company’s strong financial health and effective growth strategies.
The total income for the quarter was Rs 673 crore, marking a 25% increase from the same period the previous year. This rise in income underscores Aadhar’s expanding market presence and its ability to generate higher revenues.
As a leading lender to the economically weaker section, Aadhar Housing Finance saw its assets under management (AUM) grow by 23% year-on-year, totalling Rs 21,121 crore at the end of March. The company’s average loan size stands at Rs 10 lakh, reflecting its focus on providing substantial financial support to its target demographic.
“A 20% increase led this growth in disbursements. We have successfully maintained a robust liability profile and effectively controlled borrowing costs. The company’s focus has always been on long-tenor borrowings,” said Rishi Anand, Managing Director of Aadhar Housing Finance.
Aadhar Housing Finance’s ability to maintain a strong liability profile and control borrowing costs has been instrumental in its growth. The company's strategic emphasis on long-tenor borrowings ensures stability and predictability in its financial operations, enabling it to offer competitive rates to its customers.
The recent listing of Aadhar Housing Finance marks a new chapter in its growth journey, providing it with additional capital and market visibility. The company’s commitment to serving the economically weaker section with tailored financial products continues to drive its expansion and market penetration.
Looking ahead, Aadhar Housing Finance aims to leverage its strong foundation and strategic initiatives to further enhance its market share and financial performance. The company’s robust growth in disbursements and effective management of borrowing costs positions it well for sustained success in the coming quarters.
