Aadhar Housing Finance Ltd

- As of June 30, 2025, Aadhar Housing Finance's overall borrowings stand at Rs. 16,876 crores, with an incremental borrowing of Rs. 1,165 crores in Q1 FY26 at around 8.1%. - The company has a diversified borrowing mix: 48% banks, 24% NHB, 23% NCDs, and 4% ECB and others. - Undrawn sanctions as of June 30, 2025, are approximately Rs. 1,500 crores, indicating available borrowing capacity. - Liquidity available at the end of Q1 FY26 is Rs. 2,181 crores. - No explicit mention of planned new fundraising through debt or equity in the immediate future. - The company remains focused on steady borrowing aligned with growth and branch expansion plans, targeting 50-60 new branches per year for the next three years.

The provided document (pages 1-16) does not explicitly mention any current or future capex, capital investment, or strategic investment plans by Aadhar Housing Finance. The focus is primarily on: - Branch expansion: Adding 50 to 60 branches per year over the next 3 years, including entry into new states like Assam. - Technology investments: Continued leveraging of TCS-enabled core systems, AI, and machine learning for digitization and enhanced decision-making. - Geographic expansion: Strategy to penetrate urban and emerging markets with calibrated branch openings and growth. - No mention of specific large-scale capital expenditures or strategic investments beyond branch/network expansion and technology upgrades. Thus, the company's growth strategy emphasizes operational expansion and technology-enabled scaling rather than explicit large capex programs.

- Aadhar Housing Finance targets AUM growth of around 20%-22% for FY26. - Disbursement growth is expected in the range of 18%-20%. - Strategic focus is shifting towards "emerging" locations, with emerging branches expected to drive slightly higher growth compared to urban locations. - Urban locations are considered steady state with no major branch additions planned, whereas emerging locations offer higher incremental yields (14.5%-16% vs urban 12%-12.5%). - The company plans to add 50 to 60 branches annually, including expansions into new states (e.g., Assam). - Emphasis on affordable housing segment with no exposure to prime housing. - Technology and data analytics are leveraged to improve operational efficiency and support scaling. - Positive market sentiment supported by RBI rate cuts and stable macroenvironment underpins growth optimism.

- Aadhar Housing Finance aims for AUM growth of around 21% in FY26, driven more by emerging markets than urban locations. - The company targets an ROA of 4.2% to 4.3% by the end of FY26. - Aspirational long-term ROE is between 17% and 18%, consistent with historical performance. - Credit cost guidance is approximately 25-27 basis points for the full year, lower than the current seasonally elevated 40 bps in Q1. - The cost-to-income ratio has improved to 36.1% in Q1 FY26 from 36.7% a year ago, signaling operational efficiency gains. - PAT grew 19% YoY to Rs. 237 crores in Q1, indicating a strong earnings trajectory. - Incremental yield in Q1 was 13.45%, supporting healthy margins. - Overall, management expects steady earnings growth aligned with controlled costs, stable asset quality, and expansion into emerging markets.

The transcript provided does not explicitly mention current or expected order book or pending orders for Aadhar Housing Finance. However, key points relevant to growth and future outlook include: - Aadhar reported steady growth in loan book with a focus on affordable housing and retail-secured lending. - The expected AUM growth for FY26 is guided around 18%-21%. - Expansion plans involve adding 50-60 branches per year for the next three years, targeting around 750 branches by FY28. - Growth is driven by a blend of urban and emerging markets, with a shift towards emerging markets expected to increase from 45% to 55% of incremental business. - The company is optimistic about housing affordability due to RBI rate cuts and expects sustained growth in formal credit penetration. - No specific "order book" or pending orders terminology applies as this is a housing finance company focused on loan disbursements and branch expansion. Thus, the emphasis is on steady loan book growth supported by branch expansion and favorable macro factors.