NEW DELHI: Aadhar Housing Finance announced a 21% increase in net profit to Rs 245 crore for the fourth quarter of 2024-25, compared to Rs 202 crore in the same quarter the previous year.
The company’s total income for the quarter rose to Rs 834 crore, up from Rs 692 crore in the same period last year, as stated in a regulatory filing.
Interest income also saw a rise, climbing to Rs 722 crore from Rs 596 crore a year earlier.
Total expenses increased to Rs 517 crore, compared to Rs 433 crore the previous year.
Gross non-performing assets fell to 1.05% as of March 31, 2025, down from 1.08% at the end of the previous fiscal’s fourth quarter.
The mortgage firm’s Assets Under Management (AUM) grew by 21% to Rs 25,531 crore from Rs 21,121 crore as of March 31, 2024.
For the financial year ending March 31, 2025, profit increased by 22% to Rs 912 crore, up from Rs 750 crore in the last financial year.
Additionally, the board has approved the appointment of Raj Vikash Verma as an independent director. Verma, the former chairman and managing director of the National Housing Bank, played a significant role in developing various innovative schemes for affordable housing in India.
