Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr
Aadhar Housing Finance reports a 17% rise in Q3 net profit to Rs 239 crore, driven by strong interest income and AUM growth. Total income also increased.
New Delhi, Feb 6 (PTI) Aadhar Housing Finance on Thursday reported a 17 per cent increase in net profit to Rs 239 crore in the December quarter.
The housing finance company earned a profit of Rs 204 crore in the same quarter a year ago.
Total income during the third quarter of the current fiscal grew to Rs 785 crore from Rs 659 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing.
During the quarter, interest income improved to Rs 714 crore compared to Rs 579 crore in the same period a year ago.
Total expenses increased to Rs 478 crore against Rs 398 crore a year earlier.
Gross non-performing assets declined to 1.36 per cent as of December 31, 2024, compared to 1.40 per cent at the end of the third quarter of the previous financial year.
The mortgage firm's Asset Under Management (AUM) grew by 21 per cent to Rs 23,976 crore from Rs 19,865 crore as of December 31, 2023.
The housing finance company earned a profit of Rs 204 crore in the same quarter a year ago.
Total income during the third quarter of the current fiscal grew to Rs 785 crore from Rs 659 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing.
During the quarter, interest income improved to Rs 714 crore compared to Rs 579 crore in the same period a year ago.
Total expenses increased to Rs 478 crore against Rs 398 crore a year earlier.
Gross non-performing assets declined to 1.36 per cent as of December 31, 2024, compared to 1.40 per cent at the end of the third quarter of the previous financial year.
The mortgage firm's Asset Under Management (AUM) grew by 21 per cent to Rs 23,976 crore from Rs 19,865 crore as of December 31, 2023.
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