Submission of Financial Highlights for the year 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 FY2026 results with mixed performance. Loan disbursements grew strongly at 29% to Rs 2,299 crore and sanctions rose 32% to Rs 2,527 crore, indicating strong business momentum. However, total income marginally declined 1% to Rs 1,083 crore while profit after tax fell 4% to Rs 154 crore. The cost-to-income ratio deteriorated significantly from 43% to 60%, compressing profitability margins. The most concerning aspect is asset quality deterioration: gross NPA jumped 40% to Rs 445 crore (3.96% of portfolio), leading to a 306% surge in NPA provisions to Rs 69 crore. Net NPA improved 13% but this appears to be due to write-offs rather than actual recoveries.
The 40% rise in gross NPA and massive increase in provisions signal elevated credit risk that could pressure future earnings. Despite better loan growth, the stock may face headwinds due to margin compression, higher operating costs, and deteriorating asset quality metrics.