Aadhar Housing Finance Sticks to 24% AUM Growth Guidance for FY25
Aadhar Housing Finance reports 19.9% growth in net interest income for Q1FY25, maintains AUM growth guidance at 22-24% for FY25.
Aadhar Housing FinanceAum GrowthRbi CircularHousing TaxationLowincome SegmentReal Estate NewsAug 08, 2024
In an interview, Anand explained that the growth would be upward of 25% on a year-on-year (YoY) basis, adjusted to the RBI circular. He emphasized that there has been no degrowth and the company continues to indicate 22-24% growth on AUM for the financial year.
When asked about the impact of the new housing taxation on demand, Anand stated that it could affect investments. However, he pointed out that Aadhar Housing Finance focuses on the lowest segment of society, where customers typically build only one house in their lifetime. This suggests that the impact on their business might be different.
Frequently Asked Questions
What is Aadhar Housing Finance's AUM growth guidance for FY25?
Aadhar Housing Finance has maintained its AUM growth guidance at 22-24% for FY25.
How did Aadhar Housing Finance's net interest income perform in Q1FY25?
Aadhar Housing Finance reported a 19.9% growth in net interest income for Q1FY25, reaching ₹357 crore compared to ₹298 crore in the same period last year.
What is the impact of the new housing taxation on Aadhar Housing Finance's business?
According to Rishi Anand, MD and CEO of Aadhar Housing Finance, the impact of the new housing taxation on their business might be different as they focus on the low-income segment.
What is Aadhar Housing Finance's current market capitalisation?
The current market capitalisation of Aadhar Housing Finance is around ₹17,764.50 crore.
How have Aadhar Housing Finance's shares performed in the past year?
Aadhar Housing Finance's shares have gained close to 27% in the past year.
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