Aadhar Housing Finance (AADHARHFC) investor relations material

Executive summary

• H1 FY27 AUM reached INR 32,643 crore, up 20% on a like-for-like basis; disbursements rose 21% on the adjusted reporting basis.

• Portfolio remained fully secured and retail, with 99% Q2 collection efficiency and GNPA of 1.34% at September 2026.

Financial highlights

• Q2 FY27 disbursements were INR 2,577 crore, up 22% YoY; H1 disbursements were INR 46,131mn, up 21% on the adjusted reporting basis.

• H1 total income was INR 20,450.6mn, up 17% YoY; net interest margin was INR 12,796.0mn, up 19%, and pre-provision operating profit rose 19% to INR 8,165.9mn.

• Q2 PAT was INR 3,083.1mn, up 16% reported and 20% adjusted for ESOP expense; standalone PAT was INR 30,829 lakh versus INR 26,635 lakh a year earlier.

• H1 reported PAT was INR 5,906.7mn, up 17% YoY; adjusted PAT growth was 22%. Diluted EPS was INR 13.29 versus INR 11.4.

• ESOP charges were INR 142mn in Q2 and INR 282mn in H1; adjusted cost-to-income was 33.9% in Q2 and 34% in H1, down 230bps and 215bps YoY.

Outlook and guidance

• Medium-term guidance remains 18%-20% disbursement growth and 20% AUM and PAT growth for the full year; PAT growth guidance is adjusted for ESOP cost.

• Management expects at least 20% Q3 disbursement growth and over 20% growth in H2; October disbursements rose from an average INR 800 crore to close to INR 900 crore.

• Full-year credit cost guidance remains 25bps; year-end headline NPA is expected at 1.10%-1.15%.

• Non-home loans are expected to reach 28% of the portfolio by Q4; next year’s mix target is 70% home loans and 30% non-home loans.

• FY27 branch addition target remains 40-50; five or six branches had been added, with close to 40 in the pipeline.