Ind Bank Housing Q2 FY26: Going Concern Doubt, Winding Up In Progress
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 0.5 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ind Bank Housing reported H1 FY26 profit of Rs 386.91 lakhs (mainly a Rs 131.34 lakh deferred tax credit), with Q2 PAT at negative Rs 0.63 lakh. Revenue collapsed to Rs 25.87 lakhs in Q2 from Rs 319.30 lakhs a year earlier. Total equity is deeply negative at minus Rs 11,709 lakhs. RBI cancelled its housing finance registration in Sept 2023. Board approved in-principle winding up in Nov 2023 and is now focused on asset recovery. Auditor flagged material uncertainty on going concern.
Severely distressed company with negative net worth and winding up in progress. Shareholders face very high risk of loss.