Aadhar Housing Finance (AADHARHFC) Q4 25/26 earnings summary

Executive summary

• Achieved 20% year-over-year AUM growth to INR 30,571 crore (INR 306 bn) as of March 31, 2026, with a 100% secured retail book and focus on low-income housing.

• PAT for FY 2026 rose 22% year-over-year to INR 1,108 crore (INR 11.1 bn), excluding a one-time labor code impact.

• Disbursements for FY 2026 reached INR 9,556 crore (INR 96 bn), up 17% year-over-year, with a granular, pan-India portfolio and 626 branches.

• Maintained strong asset quality with GNPA at 1.08% and diversified growth across geographies, with no state exceeding 15% exposure in AUM, disbursement, or distribution.

• Audited standalone and consolidated financial results for FY26 were approved, showing strong growth in revenue and profitability year-over-year.

Financial highlights

• AUM grew 20% year-over-year to INR 30,571 crore (INR 306 bn); total income for FY26 was INR 36.9 bn, up 19% year-over-year.

• PAT (excluding labor law impact) was INR 1,108 crore (INR 11.1 bn), up 22% year-over-year; Q4 PAT at INR 311 crore, up 27% year-over-year.

• ROA and ROE for FY 2026 were 4.4% and up to 16.5%, respectively.

• Basic EPS for FY26 was 24.8 (diluted), up from 20.9 in FY25.

• Total assets as of March 31, 2026, stood at ₹27,39,884 lakhs (consolidated).

Outlook and guidance

• Guidance maintained for 20% AUM growth, 20% profit growth, and 17%-18% disbursement growth.

• Expectation of stable demand in affordable housing, supported by policy measures and end-user driven growth.

• Cost to income ratio targeted to drop by 50 basis points in the next financial year.

• Positive ALM across all buckets and a diversified funding base with 42 borrowing relationships.

• Upgraded to AA+/Stable by CARE, with positive/AA+ outlook from ICRA and India Ratings.