Aadhar Housing Finance (AADHARHFC) Q4 24/25 earnings summary

Executive summary

• Achieved 21% year-over-year AUM growth to INR 26,531 crores (₹255,307 Mn), with PAT up 22% to INR 912 crores (₹9,118 Mn) for FY25, maintaining leadership in affordable housing finance.

• Disbursements rose 16% YoY to INR 8,192 crores (₹81,921 Mn), with a retail-focused, 100% secured loan book and 74% home loans.

• Expanded to 21 states, 547 districts, and 580+ branches, serving about 2.99 lakh live customers; entered Northeast India.

• Technology investments in TCS core system, data science, AI/ML, and digital onboarding are driving operational efficiency.

• IPO proceeds of ₹1,000 crore (₹10 Bn) were fully utilized as per objectives, with no deviations.

Financial highlights

• PAT for FY25 at INR 912 crores (₹9,118 Mn), up 22% YoY; Q4 PAT at INR 225 crores, up 21% YoY.

• Total income increased 20% YoY to ₹31,089 Mn; net worth rose to ₹64 Bn, supported by IPO proceeds.

• Portfolio yield for FY25 at 13.9%; exit spread at 5.7%.

• Cost-to-income ratio improved to 36.4% from 37.5% YoY; NIM at 9.1%, up 18bps YoY.

• GNPA improved to 1.04%-1.05%, with provision coverage on stage three at 34.5%.

• Capital adequacy ratio at 44.1%-44.61%.

Outlook and guidance

• AUM growth guidance of 20-21%, disbursement growth of 18-19%, and PAT growth of 20-21% for FY26.

• GNPA expected to remain around 1.00-1.05%.

• Growth to be driven by emerging markets, with urban/emerging mix expected to shift to 45%/55% over time.

• Focus on expanding branch network, digital transformation, and maintaining asset quality.