“Smallcap Stock Aadhar Housing Finance Surges 4% After Reporting 37% YoY Net Profit Increase”

Shares of Aadhar Housing Finance Limited, a company specializing in low-income housing finance, soared by 4.6% to ₹432 in Tuesday’s trading session. This surge follows the company’s announcement of a robust 37% year-on-year increase in net profits for Q1 FY24-25, reaching ₹200 crores.

At 10:49 AM, Aadhar Housing Finance shares were trading at ₹417.75, up 1.2% from the previous close of ₹412.8. The company’s market capitalization is currently ₹17,817.8 crores.

Financial Performance Highlights:

• Revenue from Operations: ₹713 crores for Q1 FY24-25, a 20.2% increase year-on-year from ₹593 crores in Q1 FY23-24, and a 3.03% growth quarter-on-quarter from ₹692 crores in Q4 FY23-24.
• Net Profit: ₹200 crores, marking a 37% year-on-year increase from ₹146 crores in Q1 FY23-24, although it declined 1% from ₹202 crores in Q4 FY23-24.
• Assets Under Management (AUM): ₹21,726.3 crores, reflecting a 21% year-on-year growth from ₹17,947 crores in Q1 FY23-24.

The positive stock movement comes after Aadhar Housing Finance released its financial results through stock exchange filings on Wednesday post-market hours.

IPO and Stock Performance:

• Aadhar Housing Finance went public with an IPO of ₹3,000 crores, which opened on May 8, 2024, and closed on May 10, 2024. The stock was listed on May 15, 2024, at ₹315 on the NSE and ₹314.30 on the BSE, reflecting a marginal discount.
• Since its listing, the stock has delivered positive returns of approximately 26.8%.

Company Overview:
Founded in 2010 and previously known as DHFL Vysya Housing Finance Limited, Aadhar Housing Finance is an NBFC that provides home financing solutions primarily targeting the economically weaker and lower-income segments. The company offers loans for residential property purchases, construction, repairs, renovations, and other property-related services.