GIC Housing Finance Limited has informed the Exchange regarding ''Financial Highlights for the quarter ended June 30, 2025.
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance reported weak Q1 FY26 results with profit after tax crashing 79% year-on-year to ₹8 Cr from ₹39 Cr. The sharp decline was driven by a massive 225% jump in provisions for NPAs and others to ₹78 Cr, even as total income dipped about 4% to ₹265 Cr. Asset quality worsened with gross NPA ratio rising to 4.74% from 3.98% YoY, though net NPA improved to 2.14% from 2.56%. On the positive side, business growth held up well: sanctions rose 8% to ₹450 Cr, disbursements grew 7% to ₹403 Cr, and loan portfolio expanded 4% to ₹10,692 Cr. Net Interest Margin improved to 3.30% from 3.21%, and the company retains strong credit ratings of AA+/Stable from both ICRA and CRISIL.
Negative near-term sentiment — collapsing profits and rising NPA provisions signal asset quality stress that may weigh on the stock. However, stable credit ratings and steady loan growth provide some comfort that the franchise remains fundamentally sound.