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- Tremendous earnings in the September quarter
- Know the latest figures of Aadhaar Housing Finance
Aadhar Housing Finance : MUMBAI — Housing finance major Aadhaar Housing Finance has reported a 22 percent increase in loan disbursements in the September quarter. The company has announced its quarterly and half-year financial performance figures. Aadhaar Housing Finance, a leading company in the housing finance sector, reported a 22 percent increase in loan disbursements in the September quarter. The company's net profit reached Rs 308 crore and assets under management (AUM) rose to Rs 32,643 crore, while the NPA ratio also improved. (Aadhar Housing Finance)
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The company's assets under management increased by 18%
The company's assets under management (AUM) increased by 18 percent to Rs 32,643 crore compared to Rs 27,554 crore in the first half of last year. During the same period, the amount of loan disbursement has gone up to Rs 4 thousand 613 crore as compared to Rs 4 thousand 89 crore.
591 crore profit in the half-year
The company posted a profit of Rs 308 crore in the September quarter and Rs 591 crore in the half-year. This increase in profit is 16 and 17 percent respectively. Cash assets increased to Rs 8,201 crore as compared to Rs 6,894 crore during the half-year period. Return on assets remained steady at 4.2 percent and return on equity stood at 15 percent, the company said.
Satisfactory performance of the company
The Gross Non-Performing Assets (Gross NPA) ratio declined to 1.34 percent as against 1.42 percent. Credit rating agencies India Rating and ICRA have upgraded the long-term credit rating of the company to AA Plus (Stable) after seeing satisfactory performance of the company. In the September quarter, the company started a branch in Jammu. After this expansion, the number of branches in 23 states has reached 632. Aadhaar Housing is a leading provider of housing finance in semi-urban areas including Tier II and III cities.
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