Aadhar Housing Finance Ltd

Q2 FY26Finance

Aadhar Housing Finance Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹463

Market cap₹22.1K Cr

P/E19.2

Updated23 Aug 2026

Read4 min read

The short version

Aadhar Housing Finance targets a 20%-22% growth in AUM for FY '26. Aadhar Housing Finance Limited expects a profit growth of about 18%-20% for FY '26.

From Aadhar Housing Finance Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Aadhar Housing Finance targets a 20%-22% growth in AUM for FY '26.
Disbursements are expected to grow at approximately 18% annually.
The company plans to add 50-55 new branches in FY '26, with 15 in urban metros and 35 in emerging markets.
The urban-emerging branch mix aims to reach a 50-50 balance, with emerging branches currently numbering around 475.
Momentum in disbursements is expected to be stronger in the second half of FY '26, following typical industry patterns (H1 typically 40-43%, H2 57-60%).
Positive market tailwinds include GST 2.0 reforms reducing construction costs, PMAY 2.0, and Agnicart 2025 government schemes facilitating affordable housing demand.

2 more points from Aadhar Housing Finance Ltd's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

Aadhar Housing Finance Limited expects a profit growth of about 18%-20% for FY '26.
The company has guided for an overall AUM growth of 20%-22% for FY '26.
Disbursements are expected to grow around 18% for FY '26, aligning with AUM growth targets.
Cost-to-income ratio is targeted to reduce by approximately 40 bps in the financial year.
Spread is currently at 5.9%, with a slight expected dip to around 5.8% by year-end due to MCLR pass-on.

2 more points from Aadhar Housing Finance Ltd's call on margins

Pro opens every point from 15K+ earnings calls

See what Aadhar Housing Finance Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The transcript does not explicitly mention any current or planned capex, capital investment, or strategic investment by Aadhar Housing Finance Limited. However, some related points can be inferred: - Branch Expansion: The company continues to add branches, with plans to add 50-55 branches in FY '26, including 15 in urban metros and 35 in emerging locations. This indicates ongoing investment in physical infrastructure. - Technology Investment: The company emphasizes digital transformation, including a TCS-Enabled Core System to streamline loan lifecycle processes and enhancements in data analytics using AI and machine learning.

- Focus on Emerging Markets: Strategic focus on underserved and emerging markets, supported by analytics and zonal targeting. - No specific mention of large-scale capex or strategic investments like acquisitions or joint ventures in the provided text. In summary, the company's capital allocation appears focused on branch network expansion and technology upgrades rather than major new strategic investments.

2 more points from Aadhar Housing Finance Ltd's call on capex

Pro opens every point from 15K+ earnings calls

Top-ranked in Finance

Ranked on what management guided this quarter

Guidance-ranked

1Mufin Green₹2.7K Cr

Rev 1Mar 1

2Akiko₹464 Cr

Rev 1Mar 1

3₹961 Cr

Rev 1Mar 2

4₹1.4L Cr

Rev 1Mar 3

5₹23.8K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No specific mention of immediate or planned equity fundraising in the transcript.
Incremental borrowings in Q2 FY '26 were around Rs. 1,800 crores at slightly lower than 8% cost.
Borrowings as of September 30, 2025, stood at Rs. 17,600 crores with a well-diversified borrowing mix.
Undrawn sanctions as of September 30, 2025, were Rs. 2,381 crores, including Rs. 1,250 crores from NHB.
Management expects benefits from credit rating upgrades (AA+), which will facilitate access to longer-tenor debt, including insurance and pension funds, leading to potentially 20-25 bps lower incremental borrowing costs.

2 more points from Aadhar Housing Finance Ltd's call on fundraising

Pro opens every point from 15K+ earnings calls

See what Aadhar Housing Finance Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from Aadhar Housing Finance Limited's earnings call does not mention any information regarding the company's current or expected order book or pending orders. The discussion primarily focuses on: - Asset quality and stress in specific regions - Branch expansion strategy - Leverage plans for improving ROE - Competition and pricing strategy

2 more points from Aadhar Housing Finance Ltd's call on order book

Pro opens every point from 15K+ earnings calls

What Aadhar Housing Finance Ltd's management said in earlier quarters

Others in Finance this season

Akme Fintrade (Q2 FY26)
Gross Interest Income: ₹64.77 Cr (↑51.37% YoY) . Key investor presentation takeaways from Akme Fintrade (India) Ltd's Q2 FY26 investor presentation — and how it
Capital Trust (Q2 FY26)
Total Income for Q2 FY26: ₹8.8 Cr, down 65% YoY from ₹25.1 Cr in Q2 FY25, and down 30% QoQ from ₹12.6 Cr in Q1 FY26 (Page 23). Key investor presentation takeawa
Dar Credit & Capital Ltd (Q2 FY26)
250 crore in FY'26, up from Rs. Key concall takeaways from Dar Credit & Cap's Q2 FY26 earnings call — and how it ranks against sector peers.
Tourism Finance Corporation of India Ltd (Q2 FY26)
113.36 crore (up from Rs. Key investor presentation takeaways from Tourism Finance Corporation of India Ltd's Q2 FY26 investor presentation — and how it ranks a

Compare:vs Bajaj Finance vs Bajaj Finserv vs Shriram Finance Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Aadhar Housing Finance Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Aadhar Housing Finance Ltd Q2 FY26 results?

Aadhar Housing Finance targets a 20%-22% growth in AUM for FY '26. Aadhar Housing Finance Limited expects a profit growth of about 18%-20% for FY '26.

What is Aadhar Housing Finance Ltd share price analysis?

Aadhar Housing Finance Ltd currently shows a neutral. The stock trades at a P/E of 19.2 with a market cap of ₹22,094 Cr. Investors should review the full earnings analysis for detailed insights.

Is Aadhar Housing Finance Ltd planning capital expenditure?

The transcript does not explicitly mention any current or planned capex, capital investment, or strategic investment by Aadhar Housing Finance Limited.

Keep Aadhar Housing Finance Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Finance

Fundraising & Capital Structure

Order Book & Pipeline

Continue your research

What Aadhar Housing Finance Ltd's management said in earlier quarters

Others in Finance this season

Aadhar Housing Finance Ltd and 15K+ more earnings calls,for less than your morning chai

Frequently Asked Questions

Aadhar Housing Finance Ltd and 15K+ more earnings calls,
for less than your morning chai