Aadhar Housing Finance: Aadhaar Housing Finance’s profit jumps by 27 percent; 311 crore mark crossed

• Aadhaar Housing Finance’s profit jumps by 27 percent
• 311 crore mark crossed

Mumbai: Aadhaar Housing Finance Limited, a leading company in the housing finance sector, has seen a 27 percent increase in its net profit for the March quarter. The company’s profit for the quarter stood at Rs 311 crore as against Rs 245 crore. If we consider the entire financial year, the profit of the company has gone from Rs 912 crore to Rs 1108 crore.

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The net worth of the company has increased to Rs 7,541 crore in the financial year ended on March 31. Aadhaar Housing’s Assets Under Management (AUM) has grown by 20 percent. AUM has increased to Rs 30 thousand 571 crore as compared to Rs 25 thousand 531 crore. In the current quarter, the company disbursed loans worth Rs 3 thousand 87 crore. So the total number of loan accounts has gone up to 3 lakh 36 thousand.

Return on Assets i.e. ROA is stable around 4.4 percent and Return on Equity is stable around 15.9 percent. The gross non-performing assets (Gross NPA) of the company has come down to 1.08 percent. Consistent growth and stability in asset quality are hallmarks of the result. The company has recorded the highest ever disbursement of loans during the quarter. Rishi Anand, Managing Director and Chief Executive Officer of the company commented that the increase in profit is also satisfactory.

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