Aadhar Housing Finance Targets 75 New Branches Every Year To Continue Expansion Drive

Aadhar Housing Finance Ltd. plans to add up to 75 branches to its network annually, to continue penetration in the existing markets. Speaking to NDTV Profit, Managing Director and Chief Executive Officer, Rishi Anand, said that the company expects to sustain this expansion rate for the next two to three years.

"We are looking at expanding our network. As you would remember, we have already added about 60 branches this financial year, and we will continue with this trend over the next two to three years. Around 60 to 75 branches, we will keep adding," he said.

Aadhar Housing is already present in 21 states, and the only way to further expand its presence is by building a robust network at the block level, according to Anand.

"In terms of states, we are already in all possible states. We are already in 21 states, so what we are currently doing is expanding our network into deeper locations, into small talukas, and small district centres," he added.

Aadhar Housing Finance reported healthy financial growth in the third quarter of the financial year ending March, with net profit rising 17% year-on-year. Net profit stood at Rs 239 crore in the December 2024 quarter in comparison to Rs 203 in the year-ago period.

The lender's total income stood at Rs 785 crore, marking 19% YoY growth from Rs 659 crore in the corresponding quarter of last year. Its assets under management grew 21% year-on-year to Rs 23,976 crore at the end of December.

The company expects to close the ongoing financial year with a bottom-line growth of 22%, the top executive said.

"AUM growth 22% to 24% as we head towards the financial year closing. Disbursal growth would be about 20% to 22%, which will ultimately get about 20% to 22% growth in PAT," Anand said.

Government schemes such as PMAY-U 2.0 will lead to growth for Aadhar Housing Finance in the coming quarter, he said.

"There are multiple levers of growth: right from multiple government initiatives, which start from PMAY-U 2.0, the interest subsidy scheme, to the SWAMIH 2.0 scheme, which just got announced, a tax benefit that has just come up to Rs 12 lakh, which will enhance the loan amount by Rs 3 to Rs 4 lakh for each individual,” he mentioned.

The mortgage guarantee fund announced by the government ahead of the budget will also aid Aadhar Housing’s growth, according to Anand.

Shares of Aadhaar Housing Finance Ltd. were trading 0.67% lower at Rs 390 per share, compared to a 0.22% decline in the NSE Nifty 50 as of 9:39 a.m. on Tuesday.