India's Aadhar Housing falls; lower margins worry analysts

Aadhar Housing Finance

07/05/2025 07:38

** India's Aadhar Housing Finance AADA.NS down 2% to one-month low of 444.55 rupees

** Brokerages point to lower Q4 margins and high operational expenses

** Nomura cuts FY2026 and FY2027 earnings estimate by 3% factoring in NIM contraction

** But says Aadhar Housing remains its preferred pick in affordable housing segment due to geographically-diversified loan book, strong profitability metrics

** "Elevated competition has weighed on yields, but management has multiple levers to manage the yield pressure," says Kotak Institutional Equities

** Analysts avg rating on stock is "strong buy"; median PT 560 rupees, as per data compiled by LSEG

** YTD, AADA up 5.2%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))