Grihum Housing Finance Limited, a TPG-promoted Company, registered steady performance in Q1 FY25. The Company continued with its growth momentum of Assets Under Management (AUM) and profitability during this period. It also maintained stable asset quality and customer engagement.
Grihum’s AUM stood at Rs 8,727 crores, up 33% year-on-year (YoY). Disbursements reached Rs 692 crores, up 38% YoY. This was made possible by the Company’s strong fundamentals, including robust liquidity of more than Rs 2,800 crores and a fresh sanction of Rs 900 crores from the National Housing Bank, taking the cumulative outstanding limits to over Rs 1,800 crores.
As the Company remained focused on helping self-made individuals (SMIs) nationwide fulfil their dream of home ownership, its net worth increased to Rs 2,437 crores, up 97% YoY. The Company’s Profit After Tax (PAT) was Rs 46 crores, up 77% YoY. Revenue stood at a healthy Rs 306 crores, up 33% YoY.
The Asset Quality indices also reflected the sound state of the business. Gross NPA was at 1.2% and the Provision Coverage Ratio stood at 38.5%. In addition, the Capital Adequacy Ratio was 44.79%, well above the regulatory requirement.
The Company also announced a tie-up for a co-lending arrangement with Central Bank of India for MSME Loan Against Property (LAP), marking a significant milestone in their efforts to expand access to affordable finance for small and medium enterprises.
