AADHARHFC

Aadhar Housing Finance share price & financials

Price
₹517.25
Market cap
₹21.6k Cr
Sector
Financial Services
Calls analysed
8
Latest concall · Q1 FY27 · call held 31 Jul 2026

Aadhar Housing Finance Limited Q1 FY27

PAT ₹282 cr +19%ROE 14.7% AUM ₹31,364 cr +18%

What went well

  • AUM grew 18% Y-o-Y to INR31,364 crores as of June 30, 2026, demonstrating continued momentum.
  • PAT for Q1 FY27 increased 19% Y-o-Y to INR282 crores, reflecting strong profitability.
  • Spreads were maintained at 5.8% as of June 26, despite a 15 bps reduction in RPLR, attributed to the urban-emerging strategy.

What to watch

  • Q1 FY27 disbursement on a cheque clearance basis was INR2,036 crores, which was lower than the check handover basis (INR2,359 crores) due to the policy transition.
  • Geopolitical uncertainty in West Asia and its impact on fuel-dependent trade/travel and monsoon outlook were flagged as external factors to watch.
Read the full call →

What Aadhar Housing Finance Limited does

Aadhar Housing Finance is a housing finance company (HFC) that originates and services affordable home loans for India's low-income segment, largely first-time, salaried homebuyers, alongside secured non-housing loans such as loan against property (LAP) for existing customers. Loans are sourced and serviced directly through its own branch and sales-office network rather than solely through external agents, giving it deep penetration into underserved, low-ticket housing markets. The company is majority-owned by Blackstone and is increasingly applying AI and analytics across sourcing, underwriting and collections to manage credit risk in a customer segment that often lacks formal credit history.

Segments

  • Retail Home Loans
  • Retail Other Mortgage Loans
Branches
626
Branches & sales offices (total network)
638
States & union territories covered
22
Districts covered
552
Live customer accounts
336,000
Mobile applications
4
Headquarters Bengaluru, Karnataka, India Company website

Guidance record · Q1 FY27

what the last two calls moved 28 tracked 6 delivered 7 missed 15 open
  • Exit Spreads went quiet said Q2 FY25 Promised: 5.8% to 5.85% Q1 FY27: The final outcome for FY25 was never provided, and the promise remains ghosted.
  • Cost-to-Income Reduction revised down said Q4 FY26 Promised: 50 bps Q1 FY27: Cost-to-income ratio increased to 36.3% due to seasonal costs. Management revised annual reduction guidance down to 30-40 bps.
  • AUM Growth delivered said Q1 FY26 Promised: 20%-22% Q4 FY26: Achieved full-year AUM growth of 20% for FY26, meeting the lower end of the guided range.

All 28 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 17.1%, net profit up 19.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue764 798 833 848 897 +17%943 +18%985 +18%993 +17%
Net profit228 239 245 237 266 +17%281 +18%311 +27%282 +19%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −11.8% 1Y

₹450₹500₹550Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 30 Jan 2026Q4 FY26 — 5 May 2026Q1 FY27 — 31 Jul 2026

1Y: ₹517.8 on 10 Sept 2025 → ₹456.8. High ₹556.5 (6 Jul 2026), low ₹439.1 (2 Apr 2026).

How the price took the results

close before → close after

Q1 FY27
+1.2%
31 Jul
Q4 FY26
+3.6%
5 May
Q3 FY26
+3.6%
30 Jan
Q2 FY26
−1.0%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 19.2% a year over 2 years, FY24 to FY26.

Year endingFY24FY25FY26
Revenue₹2.6k Cr₹3.1k Cr₹3.7k Cr
Interest₹987 Cr₹1.2k Cr₹1.4k Cr
Depreciation₹21 Cr₹24 Cr₹32 Cr
Net profit₹749 Cr₹912 Cr₹1.1k Cr
Net margin29.0%29.3%29.8%
ROE18.0%17.0%16.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹395 Cr₹395 Cr₹395 Cr₹395 Cr₹433 Cr₹436 Cr
Reserves₹2.3k Cr₹2.8k Cr₹3.3k Cr₹4.1k Cr₹6.5k Cr₹7.1k Cr
Borrowings₹10.4k Cr₹10.7k Cr₹12.2k Cr₹14.0k Cr—₹18.7k Cr
Other liabilities₹563 Cr₹554 Cr₹766 Cr₹683 Cr₹584 Cr₹1.1k Cr
Total liabilities₹13.6k Cr₹14.4k Cr₹16.6k Cr₹19.1k Cr₹25.1k Cr₹27.4k Cr
Fixed assets₹53 Cr₹55 Cr₹63 Cr₹80 Cr₹105 Cr₹138 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹497 Cr₹338 Cr₹459 Cr₹462 Cr₹489 Cr₹637 Cr
Other assets₹13.1k Cr₹14.0k Cr₹16.1k Cr₹18.6k Cr₹24.5k Cr₹26.6k Cr
Total assets₹13.6k Cr₹14.4k Cr₹16.6k Cr₹19.1k Cr₹25.1k Cr₹27.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −10.84 pp while the public added +9.13 pp. The shareholder count shrank 20% to 1,62,826.

Promoters
64.7%
FIIs
5.8%
DIIs
9.9%
Public
19.6%

Since Jun 2025

  • Promoters −10.84 pp
  • Public +9.13 pp
  • DIIs +1.49 pp

How it drifted, 9 quarters

Over this window promoters fell from 76.5% to 64.7% — −11.8 pp.

Jun '24Jun '25Jun '26

Ownership split by quarter, oldest first. Jun '24: Promoters 76.5%, FIIs 4.2%, DIIs 8.5%, Public 10.9%.Sep '24: Promoters 75.9%, FIIs 4.3%, DIIs 9.5%, Public 10.3%.Dec '24: Promoters 75.7%, FIIs 4.3%, DIIs 9.3%, Public 10.7%.Mar '25: Promoters 75.6%, FIIs 5.3%, DIIs 8.6%, Public 10.5%.Jun '25: Promoters 75.5%, FIIs 5.6%, DIIs 8.4%, Public 10.5%.Sep '25: Promoters 75.3%, FIIs 6.1%, DIIs 8.3%, Public 10.3%.Dec '25: Promoters 75.2%, FIIs 6.2%, DIIs 8.4%, Public 10.2%.Mar '26: Promoters 64.9%, FIIs 6.1%, DIIs 9.2%, Public 19.8%.Jun '26: Promoters 64.7%, FIIs 5.8%, DIIs 9.9%, Public 19.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Aadhar Housing Finance Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Bcp Asia Ii Holdco Vii Pte. Ltd. 64.66%−0.24 pp
Axdi Ldii Spv 1 Ltd 10.09%unchanged
HDFC Small Cap Fund Mutual fund2.31%+0.32 pp
Whiteoak Capital Flexi Cap Fund Mutual fund1.28%+0.12 pp
ICICI Bank Ltd Bank1.06%unchanged
Blackstone Capital Partners Asia II L.P. 0.00%unchanged
Blackstone Capital Partners (CYM) IX AIV - F L.P 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in AADHARHFC

Filings to Aug 2026

0 new, 5 added, 1 trimmed, 0 sold out — net +5.28 L shares (+5.2%).

Held by funds
₹533 Cr
8 schemes
Biggest holder
HDFC Small Cap Fund
₹280 Cr · 0.7% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹280 Crheld
HDFC Multi Cap Fund HDFC Mutual Fund₹174 Cr+5.25 L
HDFC Business Cycle Fund HDFC Mutual Fund₹66 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹8 Cr+0.02 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹4 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net +5.28 L shares (+5.2%)

Funds are sitting on
+21%
vs est. average cost
Held by funds
₹533 Cr
8 schemes · ≈ 2.6% of the company
Biggest holder
HDFC Small Cap Fund
₹280 Cr · 0.7% of that fund

Shares held by these funds +223%

May '24 1.07 cr shares Jul '26

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Aadhar Housing Finance Limited

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