India Shelter Finance Corporation Limited has informed the Exchange about Transcript
INDIASHLTR · price
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India Shelter Finance Corporation reported a strong Q1FY26 with AUM growing 34% YoY to Rs. 8,712 crores and disbursements of Rs. 887 crores (24% YoY). PAT rose 43% YoY to Rs. 119 crores, with ROE improving to 17.2% for the first time post-listing. The company maintained its full-year guidance of 30-35% loan growth, 40-45 new branches, spreads above 6%, and credit cost of 40-50 bps. Lending spreads expanded 20 bps to 6.4% as cost of funds fell 10 bps QoQ to 8.6%, with management expecting another 20 bps reduction by year-end. Asset quality showed some seasonal stress with 30+ DPD rising to 4.5% and Stage 3 at 1.2%, though management remains confident of normalization to 3.2-3.3% by year-end. NIM was stable at 9% despite higher leverage of 2.9x.
Strong operational performance with margin expansion and improving cost of funds is positive for shareholders. However, rising delinquencies (30+ DPD at 4.5%) and the decision to delay passing rate cuts to customers support near-term profitability but warrant monitoring on asset quality. Stock may react positively given beat in growth and profitability metrics.