Aadhar Housing Finance Sees Profit Surge

08 Nov 2024 CW Team

Aadhar Housing Finance Ltd. posted a net profit of ?92.28 crore for the second quarter of FY25, marking a robust 15.31% year-on-year increase. This growth is attributed to strong performance in its core housing finance business, with an increase in loan disbursements and improved asset quality.

The company's loan book expanded significantly during the quarter, driven by higher demand for affordable housing loans. Aadhar Housing Finance has also focused on enhancing its digital capabilities and strengthening its operations to better serve the underserved housing markets. Additionally, the company has worked to reduce its non-performing assets (NPAs), resulting in a healthier financial position.

Despite a challenging economic environment, Aadhar Housing Finance's strategic initiatives have allowed it to maintain profitability and continue expanding its customer base. The company has also noted a rise in demand for home loans, particularly from the middle and lower-income segments, which are seeing continued growth in housing affordability.

The company’s management remains optimistic about the upcoming quarters, anticipating continued growth driven by the government’s housing initiatives and positive consumer sentiment. Aadhar Housing Finance is also investing in expanding its reach across the country, especially in rural and semi-urban regions.

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