GIC Housing Finance Limited has informed the Exchange about Copy of Newspaper Publication
GICHSGFIN · price
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GIC Housing Finance has published its Q1 FY26 results in Financial Express and Loksatta, as required by SEBI listing rules. Total income from operations stood at ₹26,543 lakh on a standalone basis, slightly lower than ₹27,718 lakh in the same quarter last year. The company reported a pre-tax loss of ₹2,040 lakh versus a profit of ₹4,687 lakh a year ago, but still managed a post-tax profit of ₹735 lakh (down sharply from ₹3,896 lakh). Basic EPS fell to ₹1.36 from ₹7.23. The company changed how it calculates Expected Credit Loss (ECL), which raised provisions by ₹5,416 lakh, and reclassified ₹16,889 lakh of repossessed properties from 'Assets Held for Sale' into loans, triggering an additional one-time ECL charge of ₹2,731 lakh during the quarter.
Profitability has weakened sharply YoY, largely due to higher loan-loss provisions and one-time accounting adjustments rather than core business deterioration. The headline profit after tax is positive but thin, and the elevated debt-equity ratio (4.40x) and credit cost changes will be key things investors watch going into the next quarter.