GIC HOUSING FINANCE LTD

A housing finance company that lends for housing and uses the proceeds to fund housing loans and refinance existing debt. The loan book sits on total assets of Rs 11,298.98 crore as of FY26. Funding comes largely from market borrowings in the form of secured, listed, rated, redeemable non-convertible debentures and commercial paper; the board has cleared private placement of NCDs/bonds up to Rs 2,500 crore during the year. Recent issuances include a Rs 200.07 crore NCD Series 12 Tranche 1 at 8.15% per annum fixed coupon for 548 days, rated CRISIL AA+ Stable, with ICICI Bank as arranger and anchor investor for Rs 60 crore, and allottees including ICICI Bank, Tata Mutual Fund schemes and LIC Mutual Fund. Reported revenue for FY26 was Rs 1,082.23 crore with net profit of Rs 154.82 crore and an EBITDA margin of 79.2 percent. The largest cost line on the books is interest on borrowed funds, while employees cost 8.3 percent of revenue and other operating expenses 6.1 percent. The company has declared a Rs 4.5 per share dividend for FY26, subject to shareholder approval.