Aadhar Housing Finance Q4 Results Review: Growth Momentum Sustained At >20% YoY In FY25, 'Buy' Maintained

Aadhar’s RoA sustained at >4% for five consecutive quarter – in Q4 FY25 the same stood at 4.4% with PAT at Rs 2.45 billion, up 22% YoY/3% QoQ. ~10bps QoQ NIM compression and 20bps QoQ increase in opex ratio was offset by ~25bps QoQ improvement in credit cost during Q4 FY25..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Aadhar Housing Finance Ltd., with 21% YoY/6.5% QoQ AUM growth and disbursement of Rs 25.6 billion (up 23% QoQ) in Q4 FY25, continued to reinforce the view that credit demand in low-income housing is robust and the AHFC space would likely sustain its growth momentum. Aadhar maintains its leadership position among affordable housing finances with an AUM of ~Rs 255 billion, as on Mar’25. A diversified presence (no single state accounting for >14% of its AUM) with one of the largest distribution networks of >575 (57 added in FY25) physical branches are key enablers for its steady and sustainable AUM growth of 20–22%. We maintain Buy with a target price of Rs 550, valuing the stock at ~3x Sep’26E book value per share..Click on the attachment to read the full report:.PNB Housing Finance Q4 Result Review: On Track To Achieve FY27 Business Goals; ICICI Securities Maintains Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Aadhar Housing Finance Q4 Results Review: Growth Momentum Sustained At >20% YoY In FY25, 'Buy' Maintained

ICICI Securities maintains Buy with a target price of Rs 550, valuing the stock at ~3x Sep’26E book value per share.

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