Aadhar Housing Finance Ltd.
AADHARHFCFinancial Services filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
10 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 10 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20240604 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240813 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241111 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250211 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250512 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250731 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251111 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260204 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260804 | 2026-06-30 | yes |
AADHARHFC
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 446.70 |
| 52-week range | 439.1 – 556.5 |
| Return 1M | -5.96% |
| Return 3M | -13.85% |
| Return 1Y | -17.25% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 993.00 |
| Other income | 4.00 |
| Total income | 997.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 163.00 |
| Finance costs | 376.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.65 | -0.00 |
| institutions foreign | 0.06 | -0.00 |
| institutions domestic | 0.10 | 0.01 |
| mutual funds | 0.07 | 0.01 |
| public | 0.35 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 10 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 692.00 | 713.00 | 764.00 | 798.00 | 833.00 | 848.00 | 897.00 | 943.00 | 985.00 | 993.00 |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 3.00 | 2.00 | 1.00 | 8.00 | 4.00 |
| Total income | 692.00 | 713.00 | 764.00 | 798.00 | 834.00 | 851.00 | 899.00 | 944.00 | 993.00 | 997.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 113.00 | 111.00 | 114.00 | 115.00 | 125.00 | 128.00 | 136.00 | 134.00 | 155.00 | 163.00 |
| Finance costs | 262.00 | 277.00 | 285.00 | 297.00 | 315.00 | 332.00 | 342.00 | 348.00 | 343.00 | 376.00 |
| Depreciation and amortisation | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 11.00 | 9.00 |
| Other expenses | 56.00 | 43.00 | 53.00 | 53.00 | 66.00 | 52.00 | 59.00 | 62.00 | 75.00 | 53.00 |
| Total expenses | 433.00 | 456.00 | 472.00 | 490.00 | 518.00 | 546.00 | 557.00 | 568.00 | 594.00 | 634.00 |
| Profit before exceptional items and tax | 259.00 | 257.00 | 292.00 | 308.00 | 316.00 | 305.00 | 343.00 | 376.00 | 398.00 | 364.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -16.00 | 0.00 | 0.00 |
| Profit before tax | 259.00 | 257.00 | 292.00 | 308.00 | 316.00 | 305.00 | 343.00 | 360.00 | 398.00 | 364.00 |
| Current tax | 61.00 | 57.00 | 67.00 | 70.00 | 55.00 | 66.00 | 75.00 | 78.00 | 89.00 | 78.00 |
| Deferred tax | -4.00 | -0.00 | -2.00 | -1.00 | 16.00 | 1.00 | 2.00 | 0.00 | -1.00 | 3.00 |
| Tax expense | 57.00 | 57.00 | 65.00 | 68.00 | 71.00 | 68.00 | 76.00 | 79.00 | 87.00 | 81.00 |
| Profit for the period | 202.00 | 200.00 | 228.00 | 239.00 | 245.00 | 237.00 | 266.00 | 281.00 | 311.00 | 282.00 |
| Profit attributable to owners | 0.00 | 200.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Other comprehensive income | 0.00 | 0.00 | 0.00 | 0.00 | -4.00 | -3.00 | -1.00 | 1.00 | 9.00 | -2.00 |
| Total comprehensive income | 202.00 | 200.00 | 228.00 | 239.00 | 241.00 | 234.00 | 265.00 | 282.00 | 320.00 | 281.00 |
| Earnings per share, basic | 5.11 | 4.86 | 5.31 | 5.56 | 5.68 | 5.50 | 6.16 | 6.49 | 7.16 | 6.47 |
| Earnings per share, diluted | 4.89 | 4.66 | 5.16 | 5.42 | 5.55 | 5.37 | 6.03 | 6.36 | 7.01 | 6.36 |
| Interest earned | 596.00 | 634.00 | 673.00 | 714.00 | 722.00 | 760.00 | 799.00 | 833.00 | 851.00 | 887.00 |
| Fees and commission income | 51.00 | 41.00 | 43.00 | 36.00 | 54.00 | 51.00 | 50.00 | 51.00 | 59.00 | 50.00 |
| Net gain on fair value changes | 7.00 | 6.00 | 6.00 | 4.00 | 7.00 | 5.00 | 4.00 | 4.00 | 4.00 | 6.00 |
| Dividend income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Annual results, as filed
| Line | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|
| Revenue from operations | 2,587.00 | 3,108.00 | 3,673.00 |
| Other income | 0.00 | 1.00 | 14.00 |
| Total income | 2,587.00 | 3,109.00 | 3,687.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 403.00 | 464.00 | 553.00 |
| Finance costs | 987.00 | 1,174.00 | 1,364.00 |
| Depreciation and amortisation | 21.00 | 25.00 | 32.00 |
| Other expenses | 175.00 | 215.00 | 248.00 |
| Total expenses | 1,627.00 | 1,936.00 | 2,265.00 |
| Profit before exceptional items and tax | 960.00 | 1,173.00 | 1,422.00 |
| Exceptional items | 0.00 | 0.00 | -16.00 |
| Profit before tax | 960.00 | 1,173.00 | 1,406.00 |
| Current tax | 218.00 | 249.00 | 308.00 |
| Deferred tax | -8.00 | 12.00 | 2.00 |
| Tax expense | 210.00 | 261.00 | 310.00 |
| Profit for the period | 750.00 | 912.00 | 1,096.00 |
| Profit attributable to owners | 0.00 | 0.00 | — |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | — |
| Other comprehensive income | 0.00 | -4.00 | 6.00 |
| Total comprehensive income | 750.00 | 908.00 | 1,102.00 |
| Earnings per share, basic | 18.99 | 21.43 | 25.31 |
| Earnings per share, diluted | 18.35 | 20.85 | 24.77 |
| Interest earned | 2,269.00 | 2,719.00 | 3,244.00 |
| Fees and commission income | 174.00 | 199.00 | 211.00 |
| Net gain on fair value changes | 22.00 | 22.00 | 16.00 |
| Dividend income | 0.00 | 0.00 | 0.00 |
| Rental income | 0.00 | 0.00 | 0.00 |
Balance sheet, as filed
| Line | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Total assets | 19,093.00 | 21,082.00 | 23,224.00 | 25,083.00 | 27,399.00 |
| Property, plant and equipment | 30.00 | 30.00 | 32.00 | 32.00 | 35.00 |
| Capital work-in-progress | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 50.00 | 55.00 | 60.00 | 73.00 | 103.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash and cash equivalents | 356.00 | 995.00 | 878.00 | 789.00 | 715.00 |
| Total equity and liabilities | 19,093.00 | 21,082.00 | 23,224.00 | 25,083.00 | 27,399.00 |
| Equity | 4,450.00 | 5,872.00 | 6,372.00 | 6,894.00 | 7,541.00 |
| Equity share capital | 395.00 | 430.00 | 431.00 | 433.00 | 436.00 |
| Other equity | 4,055.00 | 5,442.00 | 5,941.00 | 6,461.00 | 7,105.00 |
| Total liabilities | — | — | 16,852.00 | 18,189.00 | 19,858.00 |
Cash flow, as filed
| Line | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Net cash from operating activities | -2,429.00 | -1,119.00 | -3,027.00 | -695.00 | -2,808.00 |
| Net cash from investing activities | 602.00 | 88.00 | 160.00 | -84.00 | 309.00 |
| Net cash from financing activities | 1,778.00 | 1,670.00 | 3,389.00 | 690.00 | 2,336.00 |
| Purchase of property, plant and equipment | 15.00 | 7.00 | 15.00 | 8.00 | 19.00 |
| Net increase in cash | -49.00 | 639.00 | 522.00 | -89.00 | -164.00 |
| con:CFO.BEFORE_TAX | 851.00 | 376.00 | -588.00 | -239.00 | 84.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 2,622.00 | 1,487.00 | 3,087.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 1,167.00 | 0.00 | 1,301.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 220.00 | 130.00 | 251.00 | 142.00 | 308.00 |
| con:CF_OTHER.OPERATING | -3,060.00 | -1,365.00 | -3,642.00 | -1,800.00 | -4,371.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2024-05-15 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 76.48 | 76.48 | 75.89 | 75.74 | 75.61 | 75.50 | 0.75 | 0.75 | 0.65 | 0.65 |
| Domestic institutions | 7.18 | 8.59 | 9.46 | 9.27 | 8.57 | 8.44 | 0.08 | 0.08 | 0.09 | 0.10 |
| Mutual funds | — | — | — | — | — | 5.24 | 0.05 | 0.05 | 0.06 | 0.07 |
| Insurance companies | 1.10 | 1.08 | 1.23 | 1.08 | 1.06 | 0.87 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 4.47 | 4.17 | 4.33 | 4.30 | 5.32 | 5.58 | 0.06 | 0.06 | 0.06 | 0.06 |
| Government | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Public | 23.52 | 23.52 | 24.11 | 24.26 | 24.39 | 24.50 | 0.25 | 0.25 | 0.35 | 0.35 |
| Non-institutional | 11.87 | 10.76 | 10.33 | 10.69 | 10.50 | 10.48 | 0.10 | 0.10 | 0.20 | 0.20 |
| Shares outstanding | 426518505 | 426518505 | 429844515 | 430679522 | 431384459 | 432059348 | 433092732 | 433796312 | 435703710 | 437337117 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Aadhar Sales and Services Private Limited | 100% Subsidiary Company | Any other transaction, Investment | 309,000,000.00 | 4 |
| Rishi Anand | Managing Director and CEO | Any other transaction, Interest received, Loan, Remu | 99,200,000.00 | 7 |
| Rajesh Viswanathan | Chief Financial Officer | Any other transaction, Interest received, Loan, Remu | 60,800,000.00 | 4 |
| Deo Shankar Tripathi | Executive Vice-Chairman | Any other transaction, Remuneration | 17,800,000.00 | 2 |
| Harshada Pathak | Company Secretary | Any other transaction, Remuneration | 5,900,000.00 | 2 |
| Om Prakash Bhatt | Director | Any other transaction | 800,000.00 | 1 |
| Mrs. Sharmila Karve | Director | Any other transaction | 700,000.00 | 1 |
| Dr. Nivedita Haran | Director | Any other transaction | 500,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-04 | Q1FY27 | HOUSING FINANCE LIMITED | Read the call |
| 2026-05-11 | Q4FY26 | SECURITIES LIMITED. | Read the call |
| 2026-02-04 | Q3FY26 | Read the call | |
| 2025-11-11 | Q2FY26 | Read the call | |
| 2025-07-31 | Q1FY26 | CHAIRMAN, AADHAR HOUSING FINANCE, OFFICER, AADHAR HOUSING FINANCE | Read the call |
| 2025-05-12 | Q4FY25 | CHAIRMAN, EXECUTIVE OFFICER, OFFICER | Read the call |
| 2025-02-11 | Q3FY25 | SERVICES | Read the call |
| 2024-11-11 | Q2FY25 | Read the call | |
| 2024-08-13 | Q1FY25 | Read the call | |
| 2024-06-04 | Q4FY24 | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY27 | Q2FY25 | Q2FY26 | Q3FY25 | Q3FY26 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | — | — | — | These were more of contests and competitions run to do some acquisition to acquire businesses. | — | — | — | — |
| Debt and cash | The ongoing geopolitical uncertainty around the West Asia situation and its resulting impact on segments like fuel-dependent trade and travel and the … | — | — | — | — | We have to go in and understand their cash flows better. | — | — |
| Demand | On the operating environment, demand for low-income housing finance continues to remain healthy and structurally supported. | — | So I think that is why the full marketing team, the sales team, as well as the business teams are quite well guided plus, we believe that our entire s… | I understand that on PMAY allocation, there have been some disperse that the issue is not always on the supply -- demand side, a bit on the supply sid… | Overall, the combination of supportive policy measures, increasing borrowing costs and sustained end user demand provides a constructive backdrop for … | And given the matrices on the demand side I don't see any reason why we should not be growing at similar percentages in the current year as well. | And how is the demand situation, urban versus rural at this point of time in affordable housing? | So there is too much that is happening at the ground level, and I don't foresee any reason why demand should be under question. |
| Guidance | As we move ahead, we are firm and stick with our medium- term guidance of 20% AUM growth, 20% profit growth, 17% to 18% disbursement growth for the fu… | So, we still are guiding for 18% to 20% disbursement? | And we are very confident of the guidance numbers that we had given. | So what is the outlook for the credit cost for the coming quarters and FY '26? | These numbers reinforces our confidence on the historical guidance that we have given during the last 3 quarters and further boosts our confidence as … | Can you give some guidance on AUM growth? | So Abhishek, in terms of growth targets or guidance we will maintain our AUM guidance of 20%-21%, disbursement growth of about 18%-19% and a PAT of ab… | So my first question is a bit -- if you could give a bit more granularity on the 20% AUM growth that you are guiding for on the basis of the states wh… |
| Margin | Our approach, as always, has been to protect spreads rather than chase yields, which we are doing by tilting the mix towards emerging branches by stay… | — | — | So sir, firstly, on the margin, just to again come on the margin front. | So as regards to margin, are we confident of maintaining those margins as we go ahead in quarter 4 and end the year? | — | So do you plan to change your threshold of maintaining per state AUM just 14% to EBITDA for higher threshold once you start seeing improved growth in … | And just finally, so this also means that there could be some small lever to your margin or basically yields if the emerging kind of loan book goes up… |
| People | — | — | And how many people do we deploy as a team to have this kind of attrition? | — | And the fourth one is on the attrition rate. | — | See, the direct correlation of this 1.1 file per sales officer is linked to the attrition rate of the company and we've realized that and we understan… | — |
| Pricing | I mean is it currently some changes in pricing policy or maybe AUM mix change, different customers segment or the different ticket size. | — | And the competition bit, like for example, some of our listed peers and even unlisted peers have been very aggressive with respect to pricing, one of … | — | — | Or how much are we about to go for competitive pricing now after the 25 basis points increase? | — | — |
| Revenue growth | Our AUM as of 30th June 2026, stood at INR31,364 crores, a growth of 18% Y-o-Y. | And profit, typically, if you look at the profit growth of the previous year, it will generally be in the treadmill of about if you look at the math, … | Hence, if you observe, in quarter 1 of this financial year, our disbursement growth was 32% on a quarter 1 Y-o-Y basis. | See, to be very honest, if you look at it on a -- this is slightly broader answer I'm giving, if you look at overall employee cost, we should look at … | Disbursement for 9 months FY '26 stood at INR6,469 crores with a 15% Y-o-Y increase and PAT stood at INR797 crores, registering a growth of 20%, refle… | So basically, one question was on the growth of driven by non-home loans. | So the top 15 cities which will contribute about 100 branches of ours is now urban which contributes to my topline and in emerging we have 3 categorie… | We've been delivering constantly, we've been delivering an AUM growth of upward of close to about 20%, 22%. |