Aadhar Housing Finance Ltd

- Aadhar Housing Finance Limited executed its first External Commercial Borrowing (ECB) in Q4 FY'25, amounting to USD 50 million, fully hedged at a cost of around 8.1%. - Incremental borrowings for FY'25 totaled INR 5,024 crores. - The company has 43 borrowing relationships across various institutions including NHB, banks, mutual funds, and DFIs. - Undrawn sanctions as of March 31, 2025, stood at INR 891 crores, providing additional liquidity. - Liquidity on the balance sheet at year-end was INR 2,200 crores (about 10% of the loan book), supplemented by undrawn lines of INR 900 crores. - The borrowing mix is diversified: 53% banks, 23% NHB, 21% NCDs, and 3% ECB. - No explicit mention of planned new fundraising through debt or equity in the immediate future was made; future liquidity and borrowing decisions depend on market conditions and ALCO decisions.

- No explicit mention of current or future capex or strategic capital investments within the provided text. - Focus is on branch expansion with 57 new branches added in FY'25, targeting a total of around 600 branches, split strategically between urban and emerging locations. - Investment in technology emphasized: significant past investments in data analytics and digitization (TCS-enabled core systems), advancing towards AI and machine learning integration for operational efficiency. - Branch expansion going forward will prioritize emerging B and C locations, which have lower OPEX for setting up new offices. - The company continues to focus on diversification of borrowings, including first ECB issuance as part of liability strategy. - Overall, the strategy emphasizes maintaining healthy yields and cost efficiencies, supported by prior technology investments, rather than indicating fresh large-scale capex.

- Aadhar Housing Finance targets AUM growth of 20%-21% for FY'26. - Disbursement growth guidance is around 18%-19% for FY'26. - Profit After Tax (PAT) expected to grow by 20%-21%. - Growth primarily driven by emerging market segments, expected to contribute a higher composition of growth. - Urban and emerging markets currently split roughly 55% urban and 45% emerging; this is expected to reverse with emerging markets growing to 55%. - No plans to lower ticket size or yields significantly; yields expected to be maintained around current levels (~13.5%). - Focus remains on sustainable, prudent growth with strong control over geographic and customer segment diversification.

- Aadhar Housing Finance targets AUM growth of 20%-21% for FY'26. - Disbursement growth guidance is around 18%-19% for FY'26. - Profit After Tax (PAT) is expected to grow by 20%-21% in FY'26. - The company aims to maintain a Gross NPA ratio around 1.10% to 1.15%. - Cost-to-income ratio is expected to decline further by 30 to 50 basis points next year, improving operating efficiency. - Growth is expected to be primarily driven by the emerging markets segment. - The company is focused on maintaining yields around current levels (approximately 13.5%-13.9%). - Strategic expansion in emerging A, B, and C locations balanced with urban presence is designed to sustain consistent profitability. Overall, Aadhar Housing Finance demonstrates confidence in delivering consistent, healthy earnings growth while maintaining asset quality and operational efficiency.

The provided transcript and pages from the Aadhar Housing Finance Limited earnings call do not contain any information regarding the current or expected order book or pending orders. The discussion primarily focuses on liquidity, loan book composition, disbursement growth, asset quality, yields, borrowings, and strategic business segments such as urban and emerging markets. If you have any specific page or section in the document more focused on order book or pending orders, please provide that for a precise answer.