Aadhar Housing Finance PAT Surges 23% YoY to ₹294 Cr; AUM Crosses ₹28,790 Cr

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Overview

Aadhar Housing Finance reported a strong Q3 FY26, with PAT soaring 23% YoY to ₹294 Cr and Assets Under Management (AUM) climbing 20% YoY to ₹28,790 Cr. Despite a dip in 9M FY26 ROE due to a capital infusion, Q3 ROE improved. Management remains confident, citing favorable housing sector dynamics and digital initiatives.

📉 The Financial Deep Dive

The Numbers:
Aadhar Housing Finance announced unaudited standalone and consolidated financial results for Q3 and 9M FY26. Profit After Tax (PAT) demonstrated robust YoY growth, rising 23% to ₹294 Cr in Q3 FY26. For the nine months ended December 31, 2025 (9M FY26), PAT increased by 20% YoY to ₹797 Cr. These figures exclude a past service cost impact of ₹16 Cr (net of tax ₹12 Cr).

Assets Under Management (AUM) showed strong momentum, growing 20% YoY to ₹28,790 Cr as of December 31, 2025. Disbursements also saw positive traction, up 14% YoY to ₹2,380 Cr in Q3 FY26 and 15% YoY to ₹6,469 Cr in 9M FY26. The company's Networth stood at ₹7,185 Cr as of December 31, 2025, an 18% increase YoY.

The Quality:
Return on Assets (ROA) improved marginally to 4.4% in 9M FY26. Return on Equity (ROE) for 9M FY26 was 15.6%, a decrease of 115 bps YoY. This dip is attributed to a higher base effect from a primary infusion of ₹1000 Cr in May 2024. However, Q3 FY26 ROE showed improvement, standing at 16.5%, up 70 bps YoY. Gross Non-Performing Assets (GNPA) on AUM remained stable at 1.38%.

Management Commentary:
Management expressed confidence in achieving the AUM and profit guidance for the current fiscal year. Key growth drivers identified include the favourable macroeconomic landscape for the low-income housing sector, supportive government schemes like PMAY 2.0, and resilient buyer sentiment. Aadhar Housing Finance is committed to evolving its digital-first operating model, focusing on enterprise-wide deployment of AI, including AI-led underwriting co-pilots, to enhance operational efficiency, governance, and risk management. The company continues its focus on enabling homeownership for low-income families and driving financial inclusion.

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