Mumbai : Aadhar Housing Finance Limited has reported an 18% increase in its profit before tax, reaching ₹504 crore for the half-year ended September 30, compared to ₹428 crore in the same period last year. The company’s Assets Under Management (AUM) grew by 21%, rising from ₹22,817 crore to ₹27,554 crore.
The profit after tax (PAT) for the half-year stood at ₹266 crore, up 17% from ₹228 crore a year ago. The company’s net worth increased to ₹6,894 crore, including ₹1,000 crore raised through its IPO. During the same period, the gross NPA ratio stood at 1.42%, while the net NPA ratio was 1%.
Managing Director and CEO Rishi Anand stated that consistent demand and strong performance in the affordable housing finance segment have driven the company’s growth. He added that reduction in GST rates and ongoing reforms in the housing finance sector are expected to further strengthen the company’s performance. Anand also highlighted that government initiatives such as PMAY-Urban 2 and Aangikaar 2025 have increased housing demand in the EWS and LIG categories, which will continue to benefit the company in the coming years.
(Anil Bedag)
