Aadhar Housing Finance (AADHARHFC) Q4 23/24 earnings summary

Executive summary

• Achieved strong financial and operational growth in FY 2023-24, highlighted by a successful IPO in May 2024, which raised ₹3,000 crore and enhanced capital for future expansion.

• Maintained leadership in low-income housing finance, with a focus on underserved segments and robust risk management.

• Expanded branch network to 534 locations across 20 states and UTs, serving over 266,000 live accounts.

Financial highlights

• Total income increased by 27% year-over-year to ₹2,523.6 crore (standalone).

• Profit after tax rose 33% to ₹748.5 crore (standalone).

• Assets Under Management (AUM) grew 23% to ₹21,121 crore.

• Disbursements increased 20% to ₹7,072 crore.

• Net worth exceeded ₹4,446 crore.

• Cost-to-income ratio at 34.9%.

Outlook and guidance

• Focus remains on expanding distribution, digital transformation, and deepening penetration in low-income segments.

• Anticipates continued growth in affordable housing finance, leveraging government schemes and digital platforms.

• Plans to optimize borrowing costs, maintain low NPA levels, and improve operating efficiency.