Aadhar Housing Finance Ltd , a leading player in India's affordable housing finance sector, has announced its financial results for the second quarter and first half of fiscal year 2026, showcasing robust growth across key metrics.

Strong Financial Performance

The company reported a consolidated net profit of ₹266.47 crore for the quarter ended September 30, 2025, marking a 17% increase from ₹227.51 crore in the same period last year. For the half-year, net profit grew by 18% to ₹503.75 crore, compared to ₹427.65 crore in H1 FY25.

Total income for Q2 FY26 rose to ₹899.26 crore, up 18% from ₹764.28 crore in Q2 FY25. The half-yearly income also saw an 18% increase, reaching ₹1,750.60 crore.

Asset Growth and Quality

Aadhar Housing Finance's Assets Under Management (AUM) grew significantly, reaching ₹27,554 crore as of September 30, 2025, a 21% year-on-year increase. This growth reflects the company's expanding presence in the affordable housing segment.

The company maintained its asset quality with a Gross Non-Performing Assets (GNPA) ratio of 1.42% as of September 30, 2025, compared to 1.29% a year ago. The Net NPA stood at 1.0%, indicating effective management of credit risk.

Key Financial Metrics

Operational Highlights

The company's loan book expansion was supported by a 16% year-on-year growth in disbursements, which reached ₹4,089 crore for H1 FY26. Aadhar Housing Finance's customer base expanded, with the total number of loan accounts surpassing 3,15,000 as of September 30, 2025.

Management Commentary

Rishi Anand, MD & CEO of Aadhar Housing Finance Ltd, commented on the results: "We concluded the first half of FY26 on a strong note, driven by healthy operational performance and steady demand across the affordable housing finance segment. Our AUM stood at ₹27,554 crore, reflecting a year-on-year growth of 21%. Profit after Tax for H1 FY26 was ₹504 crore, marking a growth of 18% YoY."

Anand also highlighted the potential impact of recent policy changes, stating, "The recent GST rationalization under the 'GST 2.0' framework is a timely and welcome reform for the affordable housing ecosystem. It is expected to have a positive cascading impact, making loan ticket sizes more affordable, improving credit demand quality, and furthering financial inclusion."

Market Position and Outlook

With a pan-India presence across 22 states and union territories, Aadhar Housing Finance operates through 611 branches. The company's focus on the Economically Weaker Section (EWS) and Low Income Group (LIG) segments, particularly in semi-urban and rural areas, positions it well to capitalize on the growing demand for affordable housing.

The management expressed confidence in the sector's growth momentum, citing government initiatives such as PMAY-Urban 2.0 and Angikaar 2025, along with a stable macroeconomic environment, as factors likely to accelerate demand in the EWS and LIG segments.

As Aadhar Housing Finance continues to strengthen its market position, the company remains committed to its mission of enabling home ownership for low-income families, supported by its strong balance sheet and favorable policy tailwinds.

Aadhar Housing Finance Limited has announced a new Employee Stock Option Plan (ESOP) for 2025, seeking shareholder approval through a postal ballot. The plan aims to incentivize and retain talent within the company and its subsidiaries.

Key Features of the ESOP 2025

• Total Options: The plan proposes to grant up to 3,11,22,170 employee stock options, each convertible into one equity share of Rs. 10 face value.
• Option Pool Composition:
  • 1,34,06,852 new options
  • 71,75,952 ungranted options from the 2020 plan
  • 1,05,39,366 unvested options from the previous scheme

Vesting Schedule and Conditions

The plan introduces a tiered vesting schedule based on employee categories:

• Vesting period: 1-6 years
• Minimum cliff period: 1 year (except in cases of death or permanent disability)

Exercise Price and Period

• For grants within 30 days of stock exchange approval: Rs. 425.00 per option
• Subsequent grants: Up to 20% discount to market price
• Exercise period: Maximum 2 years from vesting date

Shareholder Voting

• E-voting period: October 18 to November 16, 2025
• Cut-off date for shareholder eligibility: October 10, 2025

This new ESOP plan represents Aadhar Housing Finance's commitment to aligning employee interests with company growth. By offering a mix of time-based and performance-based vesting, the company aims to motivate employees while ensuring long-term value creation.

Shareholders are encouraged to review the detailed plan and cast their votes through the electronic voting system provided by the National Securities Depository Limited (NSDL).