Low income group-focused mortgage lender Aadhar Housing Finance reported a 27% rise in fourth quarter net profit at Rs 311 crore as compared with Rs 245 crore in the year ago period, backed by a healthy business expansion.Its assets under management grew 20% year-on-year to Rs 30,571 crore at the end of March. Loan disbursements for the quarter stood at Rs 3,087 crore, reflecting a growth of 20% year-on-year and marking it the highest ever quarterly number. Gross non-performing assets ratio stood at 1.08% at the end of the reporting cycle, against 1.05% a year prior.The annual net profit stood 22% higher at Rs 1,108 crore in FY26 as compared with Rs 912 crore in the preceding fiscal.Managing director Rishi Anand told ET that the company is targeting a 20% growth in AUM as well as bottomline. The lender plans to open 35-40 branches this year to add to the tally of 626 at present.