Financial Results for the quarter ended 31st December 2025.

Going-concern doubtEmphasis of matterDebt to equity above the thresholdContingent liabilities increasedResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹9.80

prior close

₹9.76

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-3.1% vs market

Housing Finance Company peers, median of 17sector-1.2%-2.4% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.4 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Star Housing Finance Ltd reported unaudited Q3 FY26 results with Net Profit After Tax of ₹366.61 lakhs and Net Worth of ₹14,665.60 lakhs. Total Debt-to-Total Assets ratio stood high at 72.27% with a Debt-Equity ratio of 2.80 times. Gross NPA was 1.84% and Net NPA 1.49%, with asset cover on its Non-Convertible Debentures at just 1.10 times (the minimum threshold). The auditor's review flagged multiple concerns including liquidity pressures requiring continued reliance on external funding, delays in paying employee salaries, a vacant CFO position since June 2025, rising Expected Credit Loss (₹1.06 crore increase), and receipt of a ₹10 crore inter-corporate deposit during the quarter. The Board also reconstituted key committees following several director resignations with no replacements yet appointed.

Likely market impact

The auditor's 'Emphasis of Matter' raises serious red flags on liquidity, governance, and statutory compliance for this small-cap housing finance company. The NCD asset cover sitting at exactly 1.10x leaves little cushion if loan defaults rise. Shareholders should view this as a high-risk situation despite the headline profit number — governance gaps (vacant CFO, no Woman Director, unfilled board seats) and liquidity stress are material concerns.