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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
For the quarter ended September 30, 2026, Aadhar Housing Finance reported a 16% year-on-year increase in profit after tax to ₹308 crore. Disbursements rose 22% to ₹2,577 crore, while assets under management grew 18% to ₹32,643 crore. Gross NPAs declined marginally to 1.34%. Additionally, India Ratings and ICRA upgraded the company’s long-term ratings to AA+ (Stable).
On November 5, 2026, the Board approved an ESOP grant of 981,800 options at ₹425 per option under Plan 2025, with a pre-tax P&L charge of ₹14.2 crore for Q2. Mr. Sandeep Jain was redesignated from Chief Business Leader to Chief Business Officer. The company also expanded its branch network to 632 branches across 23 states.
Shares declined 2-11% post-earnings, closing at ₹438.25 on November 5, 2026. Technical indicators show a bearish trend on daily, weekly, and monthly timeframes. Immediate support lies near ₹436.77, with resistance at ₹442.33. Over the past year, the stock has returned -13.9%, with a current drawdown of -21.2%.
As of 06 Nov 2026, 03:30 pm
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Downward price movement of 2.92 standard deviations recorded on 2026-10-30.
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The session opened materially below the previous close, indicating a sharp repricing at the open.
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Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹899 crore | ₹997 crore | PEAK₹1,048 crore |
| Interest Earned | ₹799 crore | ₹887 crore | PEAK₹925 crore |
| Finance Costs | ₹342 crore | ₹376 crore | PEAK₹389 crore |
| Expenses | ₹557 crore | ₹634 crore | PEAK₹651 crore |
| Profit Before Exceptional Items And Tax | ₹343 crore | ₹364 crore | PEAK₹397 crore |
| Profit Loss For Period | ₹266 crore | ₹282 crore | PEAK₹308 crore |
| Tax Expense | ₹76.3 crore | ₹81.3 crore | PEAK₹88.7 crore |
Interest earned, the largest revenue component, increased 4.4% from Q1 FY2026-27 to ₹925.2 crore. Q2 revenue from operations also included ₹65.4 crore of net gains on derecognition of financial instruments under the amortised cost category, ₹52.0 crore of fees and commission income, and ₹5.2 crore of net gains on fair value changes. Other income was ₹6 lakh, compared with ₹4.3 crore in Q1.
Basic earnings per share were ₹7.04 in Q2, up from ₹6.47 in Q1 FY2026-27. Diluted EPS was ₹6.93, compared with ₹6.36. Trailing 12-month basic EPS stood at ₹27.16. Equity share capital was ₹438.4 crore at 30 September 2026, and the face value was ₹10 per share.
Loans outstanding were ₹26,543 crore at 30 September 2026, up from ₹24,840 crore at 31 March 2026 and ₹22,261 crore at 30 September 2025. Total assets stood at ₹29,375 crore.
Borrowings rose to ₹17,216 crore from ₹15,064 crore at 31 March 2026, while debt securities declined to ₹3,174 crore from ₹3,619 crore. Equity increased to ₹8,201 crore from ₹7,541 crore over the same period.
Cash flow from operating activities was negative ₹1,557 crore for the quarter, and free cash flow was negative ₹1,540 crore. Financing cash flow was positive ₹1,696 crore. Cash and cash equivalents stood at ₹870 crore at 30 September 2026, compared with ₹715 crore at 31 March 2026. Other bank balances were ₹539 crore, up from ₹500 crore at 31 March 2026 but below ₹998 crore at 30 September 2025.
Q2 delivered sequential and year-on-year growth in revenue and profit, alongside expansion in loans outstanding. Negative operating cash flow, despite positive financing cash flow and higher cash equivalents at quarter-end, remains an important counterpoint to the earnings and balance-sheet growth.
Exchange disclosures and regulatory announcements for Aadhar Housing Finance.
Aadhar Housing Finance Limited published its unaudited financial results for the quarter and half year ended September 30, 2026, in Financial Express (English, all editions), Vishwavani (Bangalore edition) and Navshakti (Mumbai edition) on November 7, 2026. The results had been approved by the Board on November 5, 2026. This filing is an intimation of newspaper publication; the financial figures appear in the enclosed clippings.
Aadhar Housing Finance Limited released a press release on November 05, 2026, reporting unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026 (Q2 & H1 FY27), filed under Regulation 30 of SEBI LODR Regulations. Q2 FY27 disbursements were Rs 2,577 crore, up 22% YoY; AUM was Rs 32,643 crore, up 18% YoY; Q2 FY27 profit after tax was Rs 308 crore, up 16% YoY (Rs 319 crore, up 20%, adjusted for ESOP cost); H1 FY27 PAT was Rs 591 crore, up 17%; net worth was Rs 8,201 crore, up 19%; GNPA on AUM was 1.34%. The company also disclosed an ESOP grant under Employee Stock Option Plan 2025 at Rs 425/share with a pre-tax P&L charge of Rs 28.2 crore in H1 and Rs 14.2 crore in Q2 FY27, and stated that India Ratings and ICRA upgraded its long-term ratings to AA+ (Stable).
Aadhar Housing Finance Limited released its H1 FY27 investor presentation on November 5, 2026, covering unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The presentation reports consolidated H1 FY27 profit after tax of ₹5,906.7 million, up from ₹5,037.5 million a year earlier, and AUM of ₹326,433 million. It also notes a change to cheque-realisation-based disbursement reporting from Q1 FY27 and an Employee Stock Options Plan 2025 charge. This is a results presentation and investor-call update, not a share allotment, acquisition, merger, or credit-event notice.
On November 5, 2026, the Board of Directors of Aadhar Housing Finance Limited approved the grant of 981,800 employee stock options under the ESOP Plan 2025. The options are priced at Rs. 425 per option, with each option convertible into one equity share of face value Rs. 10. Vesting requires a minimum period of one year from the grant date, and exercised options must be utilized within two years of vesting.
Aadhar Housing Finance Limited (NSE: AADHARHFC) informed the NSE on November 5, 2026, of a change in Senior Management Personnel following a Board Meeting held on the same day. Mr. Sandeep Jain’s designation was changed from Chief Business Leader to Chief Business Officer, effective November 5, 2026.
Aadhar Housing Finance Limited (AADHARHFC) informed the NSE and BSE on November 5, 2026, that Mr. Sandeep Jain has been redesignated from Chief Business Leader to Chief Business Officer with effect from the same date. This change in designation results in his categorization as Senior Management Personnel (SMP) under SEBI LODR Regulations.
Aadhar Housing Finance Limited made available on its website the audio recording of its earnings conference call with investors and analysts, held November 5, 2026, to discuss financial and operational performance for the quarter and half year ended September 30, 2026. This is a routine investor-relations notice; the filing reports no new business decision or performance figures.
Integrated Filing- Financials|Original|
Recent market and company developments associated with Aadhar Housing Finance.
ICICI Securities has issued a 'Buy' recommendation for Aadhar Housing Finance with a price target of Rs 625. This analyst note suggests potential upside for the housing finance company's stock based on the broker's assessment.
Shares of Bikaji Foods, Astral, and Aadhar Housing Finance declined by 2-11% following the release of their second-quarter earnings results. The price action reflects market reaction to the reported financial performance for the quarter ended in the relevant period.
Aadhar Housing Finance reported a 22% year-on-year increase in Q2 disbursements to ₹2,577 crore and an 18% rise in assets under management, alongside a profit after tax growth of 16%. The lender received an AA+ rating upgrade from India Ratings and ICRA, aligning with other major agencies to broaden funding access, while gross NPAs declined marginally to 1.34%. Management cited structural demand for affordable housing as intact despite vigilance required on interest rates and competition.
Aadhar Housing Finance reported a 16% year-on-year increase in Q2 FY27 profit after tax to ₹308 crore, driven by an 18% expansion in assets under management to ₹32,643 crore and a 22% rise in loan disbursements. The company also noted an improvement in asset quality, with gross non-performing assets falling to 1.34%, while extending its branch network to Jammu to reach 632 branches across 23 states.
GIFT Nifty indicated a gap-up open for the Nifty50 index, surging 342 points to 24,311, as Brent crude prices slipped below $100 amid expectations of a faster resolution to the West-Asia conflict following the US midterm election results. Asian markets were mixed with traders rotating out of semiconductor shares into consumer and financial sectors, while Japan’s Nikkei 225 and KOSPI fell 0.39 per cent and 3.6 per cent respectively. Additionally, Bombay Coated & Special Steels is set to debut on exchanges on Thursday, and several companies including Aadhar Housing Finance and Bharti Airtel are
Aadhar Housing Finance is confident of another strong year for the company as well as the broader mortgage market even as there remains geopolitical uncertainty, interest rates are rising and a weak monsoon has cast a shadow on the rural economy.“Low income, affordable and premium housing - all three segments are doing sensibly well, the overall CAGR growth recorded over the last three years has been in the range of 15-16%, out of which low-income housing is growing at about 18-19%.
JM Financial highlights how soaring bond yields and policy rate hikes impact Indian NBFCs. While housing finance companies like LIC Housing Finance and PNB Housing Finance stand to benefit on NIMs, vehicle and MFI lenders face headwinds. Top stock picks include Aditya Birla Capital, Piramal Finance, and CreditAccess Grameen.
Helios Mid Cap Fund, backed by Samir Arora, exited Dixon Technologies, Aadhar Housing Finance and Black Box in August. The fund added eight stocks, including Coforge and Lalithaa Jewellery, while increasing exposure to 15 stocks and holding 72 stocks across 23 sectors.
Comprehensive Section Breakdown for Aadhar Housing Finance
Strategic Vision: Affordable housing finance for economically weaker sections and low-income groups.
Category: Financial Services
Focuses on addressing the home financing needs of economically weaker sections and low-income groups across India, providing a range of home loan solutions.
• Focus on underserved communities in the affordable housing finance sector.
Aadhar Housing Finance reported Q2 FY2026-27 revenue from operations of ₹1,047.8 crore, up 5.5% quarter on quarter and 16.8% year on year. Profit after tax rose 9.2% sequentially to ₹308.3 crore and 15.7% from Q2 FY2025-26; loans outstanding reached ₹26,543 crore at 30 September 2026. Negative operating cash flow of ₹1,557 crore was a counterpoint to earnings and balance-sheet growth.
Total expenses increased 2.7% quarter on quarter to ₹650.8 crore. Finance costs rose 3.4% to ₹389.1 crore and other expenses increased 12.3% to ₹59.7 crore, while impairment on financial instruments fell 23.5% to ₹24.2 crore from ₹31.7 crore in Q1. Employee benefit expense was ₹168.1 crore.
Profit before tax increased 9.2% sequentially to ₹397.1 crore, and profit after tax rose from ₹282.4 crore to ₹308.3 crore. Compared with Q2 FY2025-26, revenue from operations grew 16.8%, while expenses increased 16.9%; profit before tax rose 15.8% and profit after tax 15.7%.
Management reported Q2 disbursements of ₹2,577 crore, up 22% year on year, and assets under management of ₹32,643 crore, up 18%. Disbursements are reported on a cheque-realisation basis from Q1 FY2026-27. Management said India Ratings and ICRA upgraded the company’s long-term ratings to AA+ (Stable), with all three agencies now rating it AA+ (Stable) on a standalone basis. The quarter included a pre-tax employee stock option charge of ₹14.2 crore under the 2025 plan. Management also flagged the evolving interest-rate environment and heightened competition as areas requiring continued vigilance.
Core Thesis: The company's operational approach is guided by a clear vision, mission, and values to promote affordable housing.
• Product Diversification: Offers a range of home loan solutions including financing for purchase, construction, home improvement, and loans against property. • Customer Accessibility: The financing process is designed to be simple, hassle-free, transparent, and efficient to make home ownership accessible. • Targeted Market Focus: Concentrates on serving the home financing needs of economically weaker sections and low-income groups in India.