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Aadhar Housing Finance reported a 21 per cent increase in its net profit for the fourth quarter of the financial year 2024-25, amounting to INR 245 crore. The housing finance company's profit for the corresponding quarter in the previous year stood at INR 202 crore. Total income for the quarter rose to INR 834 crore from INR 692 crore in the same period last year, driven by a significant surge in interest income, which climbed to INR 722 crore from INR 596 crore. Asset Under Management (AUM) also grew by 21 per cent, reaching INR 25,531 crore. Meanwhile, the board has appointed Raj Vikash Verma, former chairman and managing director of National Housing Bank, as an independent director.
Aadhar Housing Finance has announced a 21 per cent rise in its net profit for the fourth quarter of the financial year 2024-25, reaching INR 245 crore, as per a regulatory filing shared earlier this week. This marks a substantial increase from the INR 202 crore recorded in the same quarter of the previous fiscal year. Advertisement
Total income for the quarter under review escalated to INR 834 crore, up from INR 692 crore in the corresponding period a year earlier. The growth in income was largely driven by a rise in interest income, which surged to INR 722 crore compared to INR 596 crore in the year-ago quarter.
Despite the revenue growth, expenses also rose, with total expenses amounting to INR 517 crore, up from INR 433 crore in the same period last year. Nevertheless, the firm managed to control its asset quality, with gross non-performing assets (GNPA) slightly improving to 1.05 per cent as of March 31, 2025, down from 1.08 per cent at the end of the previous financial year.
The mortgage lender's Asset Under Management (AUM) witnessed a robust 21 per cent expansion, reaching INR 25,531 crore by the end of March 2025, as compared to INR 21,121 crore as of March 2024. For the entire financial year, the net profit rose by 22 per cent to INR 912 crore, up from INR 750 crore in the preceding fiscal year.
Additionally, the board has approved the appointment of Raj Vikash Verma as an independent director. Verma, who previously served as chairman and managing director of National Housing Bank, was instrumental in the development of several national-level affordable housing schemes and programmes initiated by NHB and the Government of India.
Aadhar Housing Finance's financial performance for the fourth quarter and the entire financial year underscores its strong growth trajectory, driven by increased interest income and asset base expansion. Despite a rise in expenses, the firm effectively maintained asset quality, reflecting strategic risk management.
Source - PTI
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