Nomura Maintains Buy Rating on Aadhar Housing Finance with ₹615 Target Price
Nomura has maintained a Buy rating on Aadhar Housing Finance with a target price of ₹615, supported by guidance for approximately 20% YoY AUM and profit growth through FY27E. The brokerage projects 27% earnings growth driven by opex moderation, alongside a stable outlook despite geopolitical risks. Return metrics are projected to remain healthy, with ROA at approximately 4.2–4.3% and ROE at approximately 16.5% over FY28–29, reflecting the company's consistent execution and sustained operational momentum.
Aadhar Housing Finance Raises ₹200 Crore Through NCD Allotment
Aadhar Housing Finance has successfully allotted Non-Convertible Debentures (NCDs) worth ₹200 crore. The company issued 20,000 NCDs, marking a significant capital raising initiative. This move could be aimed at business expansion, refinancing, enhancing liquidity, or a combination of these objectives. The successful placement may also indicate market confidence in the company's business model and future prospects.
Aadhar Housing Finance Ltd. announced its Q4 FY2025 results, reporting a consolidated net profit of ₹245.00 crore, a 22% YoY increase. The company maintained a Return on Assets above 4% for the fifth consecutive quarter, reaching 4.40%. While Net Interest Margin compressed by 10 basis points QoQ and operating expenses increased, improved credit cost offset these changes. The company's performance demonstrates strong growth and consistent profitability in the housing finance sector.
Aadhar Housing Finance posted strong Q4 results with a 21% year-on-year increase in net profit to Rs 245.00 crore. Total income rose 21% to Rs 3,223.00 crore. Loan disbursements grew 16% to Rs 8,192.00 crore, while Assets Under Management expanded 21% to Rs 25,531.00 crore. The company maintained a healthy 77.82% operating profit margin. Looking ahead, the board approved a borrowing plan of up to Rs 30,000.00 crore for FY26, signaling confidence in future growth.