Aadhar Housing Finance Sees Profit Surge
Real Estate

Aadhar Housing Finance Sees Profit Surge

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.

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.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000