Aadhar Housing Finance

Aadhar Housing Finance, which caters to the affordable segment, expects its asset under management (AUM) to cross Rs 25,000 crore by the end of the current financial year. "We closed the first half with the AUM of Rs 22,817 crore (from Rs 18,885 crore as of September 30, 2023). Going by the growth rate of 23-24 per cent, AUM should increase to Rs 25,000-26,000 crore by the end of March 2025," Aadhar Housing Finance, MD and CEO Rishi Anand told PTI. Focused on the low-income housing segment, he said, "Our average ticket size stands at Rs 10 lakh with an average loan-to-value ratio at 59 per cent, catering to the salaried customer segment at 56 per cent of our portfolio.. Profit grew by 24 per cent to Rs 428 crore in the first half as against Rs 344 crore reported in the same period a year ago. "We have successfully maintained the quality of the book at a Gross NPA drop of 6 basis points at 1.29 per cent with a healthy collection efficiency at 99 per cent," he said. To fund business

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

Q2 results today, November 6: Aadhar Housing Finance, Power Grid Corporation of India, and Jindal Steel & Power will be releasing their Q2FY25 results today

Rahul Arora, CEO for institutional equities at Nirmal Bang, tells that, with earnings disappointments in India, foreign flows may not return immediately

JM Financial Institutional Securities has initiated coverage on Aadhar Housing Finance with a 'Buy' rating and a target price of Rs 600

The surge in Aadhar Housing share came after Kotak Institutional Equities initiated coverage on the company with 'Buy' rating for a target price of Rs 550, marking an upside of 41%.

For Q1FY24, the non banking financial company (NBFC) reported revenue from operations to the tune of Rs 713 crore, a 20.2 per cent increase Y-o-Y from Rs 593 crore in June quarter of FY24

Investor interest in AHFCs has increased, given expectations of measures in the Budget to boost the affordable housing market as well as the growth trajectory

Nomura initiates coverage on Aadhar Housing: Nomura has given a target price of Rs 550 for Aadhar Housing Finance stock. It implies a 20.3 per cent upside