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 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 increased 17% year-over-year to INR 9,556 crore (INR 96 bn), with a granular, pan-India portfolio and 626 branches.

• Maintained strong asset quality with GNPA at 1.08% and consistent improvement in cost-to-income ratio.

• Audited standalone and consolidated financial results for FY26 were approved, with unmodified audit opinions.

Financial highlights

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

• PAT for FY 2026 was INR 1,108 crore (excluding labor law code impact), up 22% year-over-year.

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

• Cost to income ratio improved to 35.9% from 36.4% in FY 2025.

• Net worth reached INR 75 bn; capital adequacy ratio at 42% as of March 2026.

Outlook and guidance

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

• 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.

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

• No significant change anticipated in cost of funds or interest rates for the next two to three quarters.