AADHARHFCAadhar Housing Finance Ltd.
Aadhar Housing Finance Q2 FY27 Results: Consolidated Net Profit ₹308 Crore on Total Income of ₹1,048 Crore
- Earnings
- housing finance
Reviewed byKeshav SehgalBlacklitt Research
Aadhar Housing Finance (NSE: AADHARHFC) reported consolidated total income of ₹1,048 crore and net profit of ₹308 crore for the quarter ended 30 Sep 2026, it said in a filing on 5 Nov 2026. Standalone figures are almost identical.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,048 crore, up 16.5% YoY and 5.1% QoQ
- Net profit and EPS: ₹308 crore, up 15.7% YoY; basic EPS ₹7.04 against ₹6.16
- Finance costs: ₹389 crore, 37.1% of total income
- Exceptional item: None in the statement for this quarter
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,048 crore, up 16.5% YoY and 5.1% QoQ
- Net profit and EPS: ₹308 crore, up 15.7% YoY; basic EPS ₹7.04 against ₹6.16
- Finance costs: ₹389 crore, 37.1% of total income
- Tax expense: ₹88.73 crore, 22.3% of profit before tax
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,048 | 899 | +16.5% | 997 | +5.1% | |
| Revenue from operations | 1,048 | 897 | +16.8% | 993 | +5.5% |
| Other income | 0 | 2 | -97.2% | 4 | -98.6% |
| 308 | 266 | +15.7% | 282 | +9.2% | |
| Profit before tax | 397 | 343 | +15.8% | 364 | +9.2% |
| Finance costs | 389 | 342 | +13.9% | 376 | +3.4% |
| Depreciation | 10 | 7 | +34.3% | 9 | +6.9% |
| Tax expense | 89 | 76 | +16.3% | 81 | +9.2% |
| Net profit margin | 29.42% | 29.63% | -0.21 pp | 28.32% | +1.11 pp |
| EPS, basic (₹) | 7.04 | 6.16 | +14.3% | 6.47 | +8.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew more slowly than income. Total income rose 16.5% to ₹1,048 crore and net profit rose 15.7% to ₹308 crore, while profit before tax rose 15.8% to ₹397 crore. Interest income of ₹925.22 crore makes up most of revenue from operations, which grew 16.8%, and other income fell to ₹0.06 crore from ₹2.13 crore a year earlier.
Finance costs rose 13.9% to ₹389 crore. They were 37.1% of total income, down from 38.0% a year earlier, so they grew more slowly than income. The statement gives no explanation for the rise in finance costs or in employee benefits expense.
Tax was ₹88.74 crore, or 22.3% of profit before tax, the same rate as a year earlier. The statement shows no exceptional item for the quarter. The Labour Codes charge of ₹15.92 crore (₹15.92 crore) was presented as an exceptional item in the audited results for the year ended 31 Mar 2026, and the statement says so in note 11. Employee benefits expense includes a charge of ₹14.21 crore for options granted under the Employee Stock Options Plan 2025 in the quarter.
Basic EPS was ₹7.04 against ₹6.16 a year earlier and ₹6.47 in the June quarter. Diluted EPS is ₹6.93 for the quarter. The company allotted 10,56,040 equity shares of ₹10 each under its employee stock options plan during the quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,048 | 899 | +16.5% | 997 | +5.1% | |
| Revenue from operations | 1,048 | 897 | +16.8% | 993 | +5.5% |
| Other income | 0 | 2 | -97.2% | 4 | -98.6% |
| 308 | 266 | +15.7% | 282 | +9.2% | |
| Profit before tax | 397 | 343 | +15.9% | 364 | +9.2% |
| Finance costs | 389 | 342 | +13.9% | 376 | +3.4% |
| Depreciation | 10 | 7 | +34.3% | 9 | +6.9% |
| Tax expense | 89 | 76 | +16.3% | 81 | +9.2% |
| Net profit margin | 29.42% | 29.62% | -0.20 pp | 28.31% | +1.11 pp |
| EPS, basic (₹) | 7.04 | 6.16 | +14.3% | 6.47 | +8.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone figures track the consolidated ones closely. Standalone net profit is ₹308.29 crore against ₹308.31 crore consolidated, a difference of ₹0.02 crore. The consolidated results include one subsidiary, Aadhar Sales and Services Private Limited.
Standalone total income rose 16.5% and net profit rose 15.7%, with finance costs at ₹389.07 crore, or 37.1% of total income. Tax of ₹88.73 crore is 22.3% of profit before tax of ₹397.02 crore, and basic EPS is ₹7.04.
Inference
The company says it raised ₹350 crore through private placement of non-convertible debentures on 20 Jul 2026. The statement reports the full amount as utilised for the objects in the offer document, with no deviation, and the filing says the asset cover ratio against secured debt securities is 1.10 times. Net worth was ₹8,195.02 crore as at 30 Sep 2026.
The half-year cash flow statement shows proceeds from commercial papers of ₹201.09 crore and repayments of ₹300 crore. The filing does not say what the commercial paper funds were used for, or how much was raised in the quarter alone.
In the half year the company assigned loans of ₹961.50 crore across 10,216 accounts, retaining 10% of beneficial economic interest. The company says it did not transfer or acquire any stressed or default loans in the half year, and that it has not lent for project finance in the quarter. The joint statutory auditors issued an unmodified limited review report on both sets of results.
Filed with BSE on . Reference: Original filing (PDF)
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