Results - Financial Results for the period ended March 31 2026
GICHSGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GIC Housing Finance reported total income of Rs 1,08,322 lakh for FY2026, marginally lower than Rs 1,08,888 lakh in FY2025. Net profit declined 3.5% to Rs 15,449 lakh from Rs 16,017 lakh, with EPS falling to Rs 28.69 from Rs 29.74. Finance costs decreased to Rs 68,699 lakh from Rs 70,296 lakh. However, impairment of financial instruments increased significantly to Rs 6,852 lakh from Rs 1,652 lakh due to changes in Expected Credit Loss methodology. The company declared a dividend of Rs 4.50 per share (45%). Gross Stage 3 ratio increased to 3.96% from 3.03%, though provision coverage improved significantly to 60.36% from 36.07%. Debt-equity ratio stood at 4.30 times with total assets at Rs 11,29,811 lakh.
The 3.5% decline in net profit despite stable revenue reflects higher provisioning costs and margin compression. The significant rise in NPA ratio may concern investors, though improved provision coverage provides some comfort. The company proposes to raise up to Rs 2,500 crore via NCDs and has related party transactions up to Rs 1,000 crore pending shareholder approval.