Aadhar Housing Finance Ltd , a leading player in India's affordable housing finance sector, has announced robust financial results for the first quarter, demonstrating strong growth across key metrics.

Financial Highlights

• Net Profit: The company reported a profit after tax of ₹2,373.00 million for Q1, marking a 19% increase year-on-year.
• Assets Under Management (AUM): AUM expanded by 22% to ₹265,241.00 million.
• Disbursements: Loan disbursements saw a significant 32% year-on-year growth, reaching ₹19,786.00 million.

Key Performance Indicators

Operational Highlights

• The company maintains a focus on the low-income housing segment with a 100% secured retail book.
• Aadhar Housing Finance operates through 591 branches across 22 states.
• The slight increase in Gross Non-Performing Assets to 1.34% indicates a marginal uptick in credit risk.
• The decrease in Net Interest Margin to 8.80% suggests some pressure on profitability, possibly due to increased competition or changes in the interest rate environment.

Market Outlook

The affordable housing finance sector continues to show strong growth potential, supported by government initiatives and increasing demand. Aadhar Housing Finance's robust performance in Q1 demonstrates its ability to capitalize on these market opportunities while managing its asset quality.

Investor Relations

The company has scheduled a conference call to discuss these results with investors, providing an opportunity for stakeholders to gain further insights into the company's performance and future strategies.

Aadhar Housing Finance's strong Q1 results underscore its robust position in the affordable housing finance sector, driven by its extensive network, focus on the low-income housing segment, and strategic growth initiatives.

Aadhar Housing Finance , a prominent player in the housing finance sector, has taken a significant step towards promoting gender diversity and empowerment in the workplace. The company has opened its first all-women-operated branch in Indore, Madhya Pradesh, marking a milestone in its commitment to fostering inclusive growth.

All-Women Branch Initiative

The newly launched branch in Indore is staffed entirely by women, with a team of nine female employees managing all operations. This initiative not only provides employment opportunities for women in the financial sector but also aims to create a more diverse and inclusive work environment.

Expansion Plans

Aadhar Housing Finance has ambitious plans to replicate this model across the country. The company has announced its intention to open 12 more all-women branches throughout India within the current financial year. This expansion strategy demonstrates the company's dedication to promoting gender equality and women's empowerment in the workplace.

Strong Presence in Madhya Pradesh

The launch of the all-women branch in Indore strengthens Aadhar Housing Finance's already substantial presence in Madhya Pradesh. The company currently operates 46 branches across the state, highlighting its commitment to serving the housing finance needs of the region.

Financial Performance in Madhya Pradesh

Aadhar Housing Finance's operations in Madhya Pradesh have shown robust performance:

The company's assets under management in Madhya Pradesh currently stand at Rs 2,750.00 crore. Aadhar Housing Finance expects this figure to grow to Rs 3,200.00 crore by the end of the year, indicating a positive outlook for its business in the state.

This new initiative by Aadhar Housing Finance not only promotes gender diversity in the workplace but also aligns with the growing trend of financial institutions focusing on inclusive growth and empowerment. As the company continues to expand its all-women branch network, it sets an example for the industry in creating more opportunities for women in the financial sector.