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.

• Disbursements for FY25 reached INR 8,192 crores (₹81,921 Mn), up 16% YoY.

• Expanded to 21 states, 547 districts, and 580+ branches, serving over 2.99 lakh (299,000) live customers; entered Northeast India.

• Maintained leadership in affordable housing finance with a 100% secured retail loan book, focusing on low-income and salaried customers.

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

Financial highlights

• FY25 PAT at INR 912 crores (₹9,118 Mn), up 22% YoY; total income for FY25 was ₹31,089.1 Mn, up 20% YoY.

• Net interest margin for FY25 was ₹19,351.4 Mn, up 21% YoY; pre-provision operating profit grew 23% to ₹12,303.3 Mn.

• Capital adequacy ratio at 44.1%–44.61% as of March 2025.

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

• Return on assets (ROA) for FY25 was 4.3%; return on equity (ROE) was 16.9%.

Outlook and guidance

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

• Management expects continued growth, supported by government initiatives, urbanization, and expansion into underserved regions.

• GNPA expected to remain around 1.00-1.05%.

• Focus on leveraging technology and expanding digital-first operations for efficiency.