Outcome of the Board Meeting
GICHSGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GIC Housing Finance Ltd reported audited FY2026 standalone net profit of Rs 15,449 lakh, down 3.5% from Rs 16,017 lakh in FY2025. Total income stood at Rs 1,08,322 lakh with net profit margin of 14.26%. The board approved an unmodified audit opinion and recommended a dividend of Rs 4.50 per share (45% on face value Rs 10), with record date June 26, 2026. Key metrics show loan book grew to Rs 10,82,815 lakh from Rs 10,21,231 lakh, while gross NPA ratio increased to 3.96% from 3.03% year-on-year. Provision coverage improved significantly to 60.36% from 36.07%. The board also approved NCD issuance limit of Rs 2,500 crores, related party transactions up to Rs 1,000 crores, and director re-appointments including Sunil Kakar as Independent Director for 5 years.
The dividend declaration at Rs 4.50 per share offers direct shareholder return, though the profit decline and higher NPA ratio may concern investors. Improved provision coverage provides some comfort on asset quality. The new CFO appointment and upcoming AGM on August 4, 2026 will be watched for guidance on business outlook.