Kolkata: Aadhar Housing Finance has reported a 17% year-on-year rise in net profit at ₹239 crore for the December quarter, helped by steady business growth. The net profit was ₹203 crore in the year-ago period.
The lender’s total income stood 19% higher at ₹785 crore, against ₹659 crore. Its assets under management grew 21% year-on-year to ₹23,976 crore at the end of December with the total number of loan accounts rising to 286,000.
“Government support remains a key growth driver, further strengthened by urbanisation and rising demand,” managing director Rishi Anand said. He has expressed optimism on the future growth following the budget announcement on income tax exemptions.
“The recent budget announcements on income tax exemptions are set to boost the purchasing power of lower and middle-income groups, driving increased demand for housing loans,” he said.
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