Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
Aadhar Housing FinanceHousing FinanceHousing LoansEwsLigAffordable HousingRbiReserve Bank Of IndiaReal Estate NewsMay 30, 2024
Rishi Anand, MD and CEO of Aadhar Housing Finance, expressed optimism about the company's growth prospects, citing a huge demand for housing loans in the economically weaker section (EWS) and low-income group (LIG) segments. I don't see any reason why we should not be able to maintain these matrices, he said.
The company's disbursements for FY24 stood at ₹7,072 crore, up 20% over last year, while AUM increased nearly 23% to ₹21,121 crore. The number of loans disbursed increased 14% to 2,66,019, while the average ticket size improved nearly 8% to ₹7,93,966.
Aadhar Housing Finance serves semi-urban and urban locations, and Anand does not expect any challenges on growth in these areas. He cited a Reserve Bank of India (RBI) report that highlighted a total unit shortfall of 10 crore units in the country, with 9.5 crore units in the EWS and LIG segments.
The company's net interest margins (NIMs) were at 9% for FY24, with the cost of funds at 8.4% compared to 7.3% YoY. Its January-March net interest margin was 9.3%. The current market capitalization of the company is ₹14,557 crore.
Aadhar Housing Finance is a housing finance company that provides home loans to customers in semi-urban and urban areas. The company has been in operation for several years and has established itself as a leading player in the affordable housing finance segment.
Aadhar Housing Finance is a leading housing finance company in India, providing home loans to customers in semi-urban and urban areas. The company is committed to providing affordable housing finance solutions to its customers, with a focus on the EWS and LIG segments.
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Frequently Asked Questions
What is Aadhar Housing Finance's growth target for disbursements and AUM?
Aadhar Housing Finance aims to grow its disbursements and AUM by over 20% this year
What is the current market capitalization of Aadhar Housing Finance?
The current market capitalization of Aadhar Housing Finance is ₹14 557 crore
What is the demand for housing loans in the EWS and LIG segments?
According to an RBI report there is a total unit shortfall of 10 crore units in the country with 9 5 crore units in the EWS and LIG segments translating to a huge demand for housing loans
What is Aadhar Housing Finance's net interest margin (NIM)?
Aadhar Housing Finance's NIM for FY24 was 9% with the cost of funds at 8 4% compared to 7 3% YoY
What is the average ticket size of Aadhar Housing Finance's loans?
The average ticket size of Aadhar Housing Finance's loans improved nearly 8% to ₹7 93 966
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