Key Financial Performance Metrics

Profitability

  • Profit After Tax (PAT): ₹2,823.6 million in Q1 FY27, representing 19% year-over-year growth from ₹2,372.8 million in Q1 FY26
  • Net Interest Income: ₹6,208.0 million in Q1 FY27, up 20% from ₹5,194.0 million in Q1 FY26
  • Total Income: ₹9,971.9 million in Q1 FY27, showing 17% growth from ₹8,513.4 million in Q1 FY26

Assets and Portfolio

  • Assets Under Management (AUM): ₹314 billion as of Q1 FY27 (100% secured retail book)
  • Net Worth: ₹79 billion
  • Gross Stage 3 (NPA) assets: 1.31% of portfolio as of June 30, 2026
  • ECL Provision: Total ₹3,130 million (1.2% of portfolio)

Disbursements and Growth

  • Q1 FY27 Disbursements: ₹20 billion (reported on cheque realization basis)
  • Disbursement on cheque handover basis: ₹23,590 million, representing 19% YoY growth
  • Branch Network: 628 branches across 22 States & Union Territories
  • Live Accounts: 340,000

Business Overview and Operational Highlights

Customer Segmentation

  • 63% of Gross AUM with Economically Weaker Sections (EWS)/Low Income Group (LIG) customers
  • Approximately 55% of AUM allocated to salaried customers
  • Average Loan-to-Value (LTV) ratio: ~60%

Funding and Liquidity

  • Borrowings: ₹200,093 million as of June 30, 2026
  • 43 borrowing relationships with diversified funding sources
  • Positive ALM position across all buckets
  • 73% of Gross AUM and 78% of borrowings have floating interest rates
  • Credit Rating: AA+/Stable from CARE

Asset Quality

  • Gross Stage 1: ₹246,464 million (95.4% of portfolio) with 0.3% ECL provision
  • Gross Stage 2: ₹8,439 million (3.3% of portfolio) with 13.3% ECL provision
  • Gross Stage 3a (DPD ≤ 90): ₹27 million (0.0% of portfolio)
  • Gross Stage 3b (DPD > 90): ₹3,371 million (1.31% of portfolio) with 34.1% ECL provision

AI and Technology Initiatives

The company has implemented a comprehensive AI strategy across six layers:

AI Architecture

1. Data Foundation: Data lake, customer/loan/property 360, bureau store, document store

2. Intelligence & Decisioning: Scores, predictions, risk-based pricing, fraud flags

3. Surveillance & Early Warning: Portfolio monitoring, bounce/roll-forward alerts

4. Service & Execution: Sales queues, credit workbenches, collections queues

5. Orchestration: Workflow routing, LOS/LMS/CRM integration

6. Governance & Trust: Model validation, bias/drift controls, audit trails

Strategic AI Platforms

  • LEKHA: Document intelligence with OCR, extraction, classification capabilities
  • DHVANI: Voice intelligence with speech-to-text, summarization, conversational tagging
  • SAMVIT: Decision intelligence using application, bureau, and bank statement inputs
  • SAARTHI: Enterprise assist with centralized GenAI/LLM platform
  • GATI: Management intelligence with cross-functional dashboards

Measurable AI Impact

  • Sales Productivity: AI platform tracking sales funnel performance and incentive computation
  • Collections Prioritization: Daily ranking of delinquent accounts by cure probability
  • Customer Retention: Behavioural delinquency scoring for selective retention
  • Reject Scorecard: Automatic scoring of incoming applications at login stage
  • Early Warning Signals: RAG-based daily surveillance for early stress indicators
  • In-house Applications: Replacing external vendor systems to reduce costs

Industry Context and Market Opportunity

Affordable Housing Market

  • Urban areas projected to host 40% of India's population by 2030 (from current 36%)
  • Expected shortage of affordable housing units: 32.3 million by 2030
  • Potential financing opportunity: ₹45 trillion (3.5x increase from current ₹13 trillion)
  • HFCs constitute 53% of total loan market, Scheduled Commercial Banks hold 47%

Government Initiatives

  • Union Budget 2024-2025 allocated ₹30,170 crore for Pradhan Mantri Awas Yojana-Urban (20.19% increase)
  • PMAY 2.0 targets 30 million houses by 2029 (10 million urban, 20 million rural)
  • Interest subsidies and tax incentives continue to support housing investments

Corporate Governance and Management

Board of Directors

  • Raj Vikash Verma: Independent Director & Non-Executive Chairman (40 years experience)
  • Dr. Punita Kumar Sinha: Independent Director (Founder of Pacific Paradigm Advisors)
  • Mukesh Mehta: Non-Executive (Nominee) Director (Senior MD, CIO, Blackstone Advisors India)
  • Deo Shankar Tripathi: WTD and Executive Vice Chairman (former MD & CEO)
  • Sharmila A. Karve: Independent Director (former Partner at Price Water House Coopers)
  • Amit Dixit: Non-Executive (Nominee) Director (Senior MD, Head of Asia, Blackstone Advisors India)
  • Prateek Roongta: Non-Executive (Nominee) Director (MD, Blackstone Advisors India)
  • Rishi Anand: Managing Director and CEO (30+ years financial services experience)

Management Team

  • R. Anil Kumar Nair: Chief Operating Officer
  • Vinod Nair: Chief Human Resources Officer (joined October 1, 2024)
  • Madhur Bhatnagar: Chief Recovery & Collections Officer
  • Anmol Gupta: Chief Treasury Officer
  • Pratik Jariwala: Chief Compliance Officer
  • Rajesh Viswanathan: Chief Financial Officer
  • Haryyaksha Ghosh: Chief Data Officer
  • Nirav Shah: Chief Risk Officer
  • Sharad Jambukar: Chief Information Technology Officer

Additional Information

Conference Call

  • Scheduled for Friday, July 31, 2026 at 18:00 Hrs (IST)
  • Details already intimated to exchanges

Document Access

  • Investor Presentation available at: https://aadharhousing.com/investor-relations/financial-results