NATIONAL, MAY 30^th, 2024 (GPN): Aadhar Housing Finance Ltd, which listed on stock exchanges on May 15^th, 2024, has announced its financial results for the Quarter and Year ended March 31^st, 2024.

Key Performance Highlights:

Particulars (INR Cr)	FY24	FY23	YoY
Assets Under Management (AUM)	21,121	17,223	23%
Disbursements	7,072	5,903	20%
Profit after tax	750	564*	33%
Net worth	4,450	3,698	20%
ROA (%)	4.2%	3.6%*	+ 60 bps
ROE (%)	18.4%	16.5%*	+ 190 bps
GNPA on AUM (%)	1.08%	1.16%	– 8 bps
Loan Accounts (No.)	2,66,019	2,33,228	14%

                * Prior to taking into account  exceptional items 

Commenting on the FY24 performance, Mr. Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd said,“Financial Year 2024 has been an excellent year for us, characterized by robust financial achievements and expansion efforts sustaining our growth trajectory. We kicked off the new financial year by successfully concluding our Initial Public Offering and subsequently listing on the NSE & BSE on May 15th, 2024. We extend a heartfelt welcome to all our shareholders, as you all have now become valued members of the Aadhar Housing family.

I am delighted to inform you all that the company ended FY24 with AUM of INR 21,121Cr, a robust growth of 23% YoY. This was led by an 20% growth in disbursements. The momentum in last FY resulted in a 33% growth in Profit After Tax YoY.  We have successfully maintained a robust liability profile and effectively controlled borrowing costs. The company’s focus has always been on long tenor borrowings.

GNPA on AUM for the year stood at 1.08% and Net NPA stood at 0.71% as compared to FY 23 levels of 1.16% and 0.84% respectively.

We expanded our reach pan India with more than 523 branches covering 534 districts across 20 states, serving 266k+ live accounts. We aim to expand our distribution to achieve deeper market penetration and this expansion will be executed systematically.

We are strongly committed to offer Low income housing financing solutions and empowering majorly EWS/LIG segments of society. With our strong foundation and strategic initiatives, we’re poised to drive sustainable growth for the company and create lasting value for all stakeholders, while aiming to make a positive difference in the lives of our customers”.

About Aadhar Housing Finance Limited 

Aadhar Housing Finance Ltd. (Aadhar), established in 2010, is one of India’s leading low-income housing finance companies dedicated on providing affordable housing solutions to EWS(Economically Weaker Section ) & LIG ( Low Income Group)  particularly in semi-urban and rural areas across India. With an average loan size of Rs. 10 lakhs, Aadhar operates with 523 branches, across 20 states and union territories. It offers an array of mortgage-related products, including loans for buying and constructing residential properties, home improvement and extension, and micro loan against property. Aadhar leverages advanced technology and data analytics for efficient underwriting, collections, and asset quality monitoring. The company secures financing from diverse sources, including term loans, NHB financing, and NCDs. Aadhar’s extensive network and focus on EWS/LIG segments makes it a significant player in the low-income housing finance sector in India.