Aadhar Housing Finance Q3 Profit Jumps 17.17%, Shows Strong Growth

                Non-banking finance company (NBFC), Aadhar Housing Finance posted an increase of 17.17% in its net consolidated profit for the third quarter of FY25. Non-banking finance company 
(NBFC), Aadhar Housing Finance posted an increase of 17.17% in its net consolidated profit for the third quarter of FY25.
The profit after tax (PAT) stands at ₹239.34 crore in the third quarter which is an increase from ₹204.37 crore registered in the same quarter last financial year, as per the firm's 
disclosure to Bombay Stock Exchange (BSE). 

It registered ₹797.64 crore in net consolidated total income in the quarter ended from ₹673.08 crore, registering an increase of 18.51% in the same quarter previous fiscal.  
The company's assets under management (AUMs) witnessed a growth by 21% to ₹ 23,976 crore from ₹ 19,865 crore.

"There has been consistent growth in our AUM, and we have reached an AUM level of Rs 23,976 crore as at the end of Q3 FY25 which is a 21% year-on-year growth in AUM," said Rishi 
Anand, MD & CEO, Aadhar Housing Finance.

Its gross non-performing assets improved marginally to 1.36% this quarter from 1.40% of December 31, 2023.

"Disbursements have remained strong with a growth of 20%. PAT for nine months ended December 31, 2024 stood at Rs 667 crore, a growth of 22% year-on-year basis," he added.

Ahead of earnings, the HFC's shares ended at ₹394.30 up nearly 1% on BSE. 

Source : Economic Times