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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..