Aadhar Housing Finance Ltd · NSE:AADHARHFC
Aadhar Housing Finance — Q1 FY27 Earnings Presentation
43 slides from Aadhar Housing Finance's earnings presentation, Jul 31, 2026
Slide 1: Intimation to stock exchanges: Investor Presentation
Date: July 31, 2026 To, To, BSE Limited National Stock Exchange of India Limited Listing Dept. / Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5th Floor, Plot No. Phiroze Jeejeebhoy Towers, Dalal Street, C/1, G. Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai - 400 05
Slide 2: Aadhar Housing Finance Limited Investor Presentation Q1 FY27
Aadhar Housing Finance Limited Investor Presentation Q1 FY27
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Aadhar Housing Finance Limited (“Aadhar” or the “Company”), without any specific objectives and solely for information and reference purposes, and do not constitute directly or indirectly any adverti
Slide 4: Performance Snapshot
PERFORMANCE SNAPSHOT
Slide 5: Aadhar Housing Finance Q1 FY27 Key Highlights
Aadhar Housing Finance Q1 FY27 Key Highlights AUM Disbursements ₹ 313,640 Mn +18% ₹ 20,358 Mn Refer Note 1 PAT ROA ₹ 2,824 Mn +19% 4.0% +2 bps GNPA Spread 1.3% -3 bps 5.8% -3 bps Note 1: The Company has transitioned disbursement reporting from cheque handover to cheque realisation basis from Q1 FY 2
Slide 6: Aadhar Housing Finance Q1 FY27 Key Highlights
Aadhar Housing Finance Q1 FY27 Key Highlights HFC focused on low-income housing segment in India, with a seasoned business model and digital focus SCALE ASSET QUALITY DISTRIBUTION LIABILITY PROFILE INR 314 bn 1.31% INR 20 bn AA+ / Stable AUM GNPA Q1 FY27 Disbursements CARE rating (100% Secured Retai
Slide 7: Financial Performance
FINANCIAL PERFORMANCE
Slide 8: Strong Growth in AUM and Disbursements
Strong Growth in AUM and Disbursements AUM – By Product (INR Mn) Disbursement – By Product (INR Mn) 3,05,713 95,557 2,55,307 81,921 83,664 70,724 27,898 2,11,209 59,026 23,448 1,72,228 67,126 20,203 53,258 16,974 37,635 2,22,049 58,473 67,659 1,57,951 1,88,181 50,521 1,34,593 42,052 FY23 FY24 FY25 F
Slide 9: Stable Spreads Maintained Across Cycles
Stable Spreads Maintained Across Cycles Yields, Cost of Borrowings and Spreads (%) 1 : “Spreads maintained Stable” 13.9% 13.9% 13.5%2 13.8% 13.8% 13.7% 2 13.0% 13.4% 13.5% 13.5% 8.0% 8.2% 8.0% 7.6% 7.7% 7.9% 7.7% 7.7% 7.7% 7.0% 6.0% 2 5.8% 5.9% 5.7% 5.8% 5.8% 5.9% 6.0% 5.8% 2 5.8% FY22 FY23 FY24 FY2
Slide 10: Stable Asset Quality and Consistent Improvement in Efficiency
Stable Asset Quality and Consistent Improvement in Efficiency GNPA to AUM improved by 3bps in Q1 FY27 on YoY basis Cost to Income 0.8% 0.7% 0.8% 0.7% 1.16%1 38.1% 37.5% 36.4% 35.9% 1.08% 1.08% 1.05% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 1.1% 1.0% 0.9% 0.9% 1.46%1 36.1% 36.2% 37.1%2 36.3%2 34.1% 1.
Slide 11: Strong Profitability and Returns
Strong Profitability and Returns Profit after Tax Increased by 19% in Q1 FY27 on YoY basis Consistent Increase in Return Ratios 37 44 64 75 3.6% 4.2% 4.3% 4.4% 22% Growth 11,083 9,118 16.5% 18.4% 16.9%* 15.9% 7,496 5,643 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 38 56 66 79 4.0% 4.3% 4.6% 4.8% 4.0% 19
Slide 12: Company Overview
COMPANY OVERVIEW
Slide 13: Introduction to Aadhar Housing Finance
Introduction to Aadhar Housing Finance HFC focused on low-income 100% Granular portfolio Pan-India presence with 628 housing segment with ticket secured skewed towards Salaried branches covering 555 districts across size less than INR1.5mn, retail loan customers; Average 22 states and union territor
Slide 14: Aadhar Housing Finance – Value Proposition
Aadhar Housing Finance – Value Proposition Focused on low-income Diversified and housing segment granular portfolio Extensive branch and sales office Access to diversified funding network with geographical sources, positive ALM position penetration across India Robust, analytics driven Scalable tech
Slide 15: Key Milestones
Key Milestones Seasoned business model showcasing strong resilience across business cycles FY11 FY17 FY20 FY24 FY25 Year of Pre-merger Customer base Incorporation of AHFPL crossed 1,50,000; Pre-merger opened 100th Acquired by the AHFPL branch Blackstone Group1 Branches Branches Customer in June 2019
Slide 16: Highly Experienced Board of Directors
Highly Experienced Board of Directors Raj Vikash Verma, Sharmila A. Karve, Independent Director & Non- Executive Chairman Independent Director 40 years of work experience across Banking, Finance, Mortgage and Real Previously associated with Price Water House Coopers as a Partner Estate Sector, inclu
Slide 17: Seasoned Management Team
Seasoned Management Team Rishi Anand, Rajesh Viswanathan, Managing Director and CEO Chief Financial Officer ▪ Several years of experience in accounting, finance, strategy, • 30 + years of work experience across a diverse spectrum of functions and planning, taxation, treasury, and investor relations
Slide 18: Business Overview
BUSINESS OVERVIEW
Slide 19: Pan-India Presence
Pan-India Presence Distribution Network Branch Distribution Top 3 States Top 5 States Others GJ Other States with Presence 18% 12% MH By State (June 30, 2026) States not present in KTK 12% 628 Branches1 6% June-26 Uttar Pradesh 71 Branches AP 628 7% Branches UP 11% TL Rajasthan 8% 56 Branches RJ MP
Slide 20: Distribution Strategy
Distribution Strategy Agile branch network with each location catered to by an appropriate branch size, helping keep Opex in control Deep Ultra Deep Impact Micro Impact Branch Main Branches Micro Micro Small Branches Branch Branch AMs Micro Branches Ultra Small Main Small Ultra Micro Micro Ultra-Mic
Slide 21: Distribution Strategy
Distribution Strategy Branch Breakup: Examples Uttar Pradesh Bareilly (B) Lucknow Firozabad (C) Urban Emerging Varanasi (A) No of Branches: 152 No of Branches: 476 Rajasthan Rest of Maharashtra Sawai Modhapur (A) Malegaon (C) Amravati (B) Pali (B) Churu (C) Pune No of Branches No of Branches No of B
Slide 22: Comprehensive Credit Assessment Process
Comprehensive Credit Assessment Process Credit Underwriting Risk Containment Unit Centralized processing at regions –Salaried Customers File screening, field investigation, • Regional processing units to process applications for salaried customers document verification • Ensures standardisation, cos
Slide 23: Diversified Funding Sources
Diversified Funding Sources NHB Increasing focus on diversifying borrowings 8.4% 7.8% 8.0% 8.1% NCD NHB 7.1% 7.3% NCD 17% 5.9% NHB 17% 24% ECB 22% 56 64 Others 7% 50 1% 38 39 Others 12 22 3% Mar-22 Jun-26 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Incremental Borrowings (INR bn) Interest Rate Banks Ba
Slide 24: ALM Position
ALM Position Positive ALM Position Across Buckets Asset Liability Management – INR bn (as of Jun-26) 73% of Gross AUM and 78% of borrowings have floating interest rates 395 363 289 209 235 176 103 72 32 32 54 32 Upto 1 year Upto 3 years Upto 5 years Total 1 2 Assets Liabilities Gap High-level of Rat
Slide 25: Social Objectives at the Core of the Business
Social Objectives at the Core of the Business Home Aspirations Socially Inclusive Governance Portfolio focused on EWS / LIG segments Overview of various CSR activities Blackstone, a leading investment firm, with total AUM 63% Aadhar Mitras / Mahila Aadhar Mitras of US$1.3 trillion1, is the Gross AUM
Slide 26: AI and Tech Capabilities
AI and TECH CAPBILITIES
Slide 27: AI is the operating backbone of AHFL, not a set of projects
AI is the operating backbone of AHFL, not a set of projects AI is being institutionalized as the enterprise intelligence layer — embedded across origination, underwriting, surveillance, collections, and retention — directly tied to growth quality, NPA control, and operating leverage. Embedded, not b
Slide 28: Strategic AI Platforms being built in-house
Strategic AI Platforms being built in-house Across the five AI engines, a small set of reusable, cross-engine AI capabilities emerges repeatedly. These are the strategic platforms we are building and owning in-house for reuse, control, and long-term competitive differentiation. LEKHA DHVANI SAMVIT S
Slide 29: AI initiatives are driving measurable impact
AI initiatives are driving measurable impact PRODUCTIVITY & EFFICIENCY More output from the same workforce through smarter task allocation and automation Sales Productivity & Incentives Collections Prioritisation AI platform tracking sales funnel performance, productivity benchmarks, Daily ranking o
Slide 30: AI initiatives are driving measurable impact
AI initiatives are driving measurable impact Each initiative is active in daily operations — governed, tracked, and tied to a clear business outcome. COST REDUCTION Reducing credit cost, vendor spend, and processing inefficiency Reject Scorecard Early Warning Signals In-house Applications Scores eve
Slide 31: Our Digital-First Operating Model is yielding benefits across the lending value chain
Our Digital-First Operating Model is yielding benefits across the entire lending value chain End-to-End TCS-Enabled Core System Digital Acquisition Digital Processing 25-35 mins 100% Door-to-Login Time Paper-less Onboarding Digital Collections Digital Servicing 97% 108,000+ NACH Conversion Customer
Slide 32: Digital Capabilities built on Scalable and Agile Technology platform developed by TCS
Our Digital Capabilities are built on Scalable and Agile Technology platform developed by TCS Analytics Digital Onboarding • Monitoring of loan portfolios • Digitizing loan life cycle management • Servicing & performance management of pool investments on a continuous basis 8 1 • • Capturing leads fr
Slide 33: IT Platform augmented with Digital Capabilities through Strategic Partnerships
We have augmented our IT Platform with Digital Capabilities through Strategic Partnerships DIGITAL ACQUISITION DIGITAL PROCESSING DIGITAL SERVICING Karza → PAN, Aadhaar, EPFO Verifications Digital Welcome Kit Lead Generation Identify Tech iXsight → Dedupe Engine Anur Cloud CSC Reg Tech CRIF → Multi
Slide 34: Suite of Applications for Customers and Employees
We have developed and launched an extensive Suite of Applications for Customers and Employees Robust customer engagement and partner empowerment through mobility apps; Focus on consistently improving employee experience through virtual office Sales Mobility App Employee Super App Customer Service Co
Slide 35: Industry Overview
INDUSTRY OVERVIEW
Slide 36: Affordable Housing Finance Market in India: Opportunity Size
Affordable Housing Finance Market in India: Opportunity Size • Urban areas are projected to host 40% of India's population by 2030 from current 36% leading to a rise in Affordable housing in urban areas • An expected shortage of affordable housing units is expected to be 32.3 Mn by 2030 which includ
Slide 37: Key Growth Enablers
Key Growth Enablers Government Initiatives’ Impact Changing Dynamics Market Penetration Opportunities Focus on Financial Inclusion on Housing Finance • Increased allotment for Housing Schemes: The • Urbanization: Migration to cities drives • Low Mortgage-to-GDP Ratio: At • There's a growing emphasis
Slide 38: Financial Information
FINANCIAL INFORMATION
Slide 39: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (INR Mn) Q1 FY27 Q1 FY26 YoY Q4 FY26 Interest on loans 8,579.7 7,314.2 8,300.4 Other Interest and Investment Income 345.8 334.8 249.2 Non-Interest Income 547.0 539.4 670.6 Upfront Income on Fresh Assignment 499.4 325.0 704.9 Total Income 9,971.9 8,5
Slide 40: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INRmn) As on June 30, 2026 As on March 31, 2026 Sources of Funds Share capital 4,373 4,357 Reserves and surplus 74,155 71,052 Borrowings 200,093 187,438 Trade payables & Other Liabilities 7,691 11,141 Derivative Financial Instruments - - Total 286,312 273,988
Slide 41: ECL Provisions
ECL Provisions Particulars (INR Mn) June 30th, 2026 March 31st, 2026 June 30th, 2025 Gross Stage 1 246,464 240,994 205,903 % portfolio in Stage 1 95.4% 95.9% 95.0% ECL Provision Stage 1 852 859 623 ECL Provision % Stage 1 0.3% 0.4% 0.3% Gross Stage 2 8,439 7,556 7,922 % portfolio in Stage 2 3.3% 3.0
Slide 42: Glossary
Glossary Terminology Definition Terminology Definition ALM Asset Liability Management LIH Low Income Housing AM Aadhar Mitra LTV Loan to Value ATS Average Ticket Size NBFC Non-Banking Financial Company AUM Assets Under Company’s Management NCD Non-Convertible Debenture CAGR Compounded Annual Growth
Slide 43: Thank You
THANK YOU For further information, please contact Sanjay Moolchandani – Head of Investor Relations and FP&A sanjay.Moolchandani@aadharhousing.com Investor Relations – Aadhar Housing Finance Limited investorrelations@aadharhousing.com Adfactors PR – Investor Relations Snighter Albuquerque / Vanessa F
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