AADHARHFC Q1 FY27 Guidance vs Delivery (AADHARHFC Management Mirror)

FY26 AUM Growth Reported at 20% Against 20-21% Prior Guidance; FY27 Target Reaffirmed at 20% Growth

In the Dec'25 Qtr concall, management guided FY26 AUM growth at 20% to 21% and disbursement growth at 16% to 17%, targeting the INR 30,000 crore AUM milestone by 31st Mar'26. In the Mar'26 Qtr results, AUM was reported at INR 30,571 crores (20% YoY growth), crossing the target milestone and aligning with guidance. FY26 disbursements were reported at INR 9,556 crores (17% YoY), hitting the upper end of the guided range. Subsequently, in the Mar'26 Qtr concall, management initiated medium-term guidance of 20% AUM growth, 20% profit growth, and 17% to 18% disbursement growth, while projecting AUM to reach INR 50,000 crores over the next 3 years. Direct Assignment (DA) volume was guided to grow 10% to 15% in FY27 from INR 1,725 crores in FY26. In the Jun'26 Qtr concall, management reaffirmed the FY27 guidance of 20% AUM growth, 20% profit growth, and 17% to 18% disbursement growth. Following a transition to a cheque clearance accounting basis, management guided Q2 FY27 disbursement growth at 23% to 25% or upward, expecting July'26 disbursements close to INR 900 crore, with incremental disbursement growth for the next three quarters targeted upward of 20%.