Ind Bank Housing Q2 FY27 results: net loss narrows to ₹0.01 crore, revenue ₹0.26 crore vs ₹0.06 crore

How did Ind Bank Housing perform in Q2 FY27?

Ind Bank Housing reported standalone revenue of ₹0.26 crore for Q2 FY27, compared with ₹0.06 crore in Q2 FY26 and ₹3.19 crore in Q1 FY27. The company reported a net loss of ₹0.01 crore, against a net loss of ₹0.02 crore a year earlier and a net profit of ₹3.88 crore in the previous quarter.

Basic EPS was ₹0.01 in Q2 FY27, compared with ₹0.01 in Q2 FY26 and ₹3.88 in Q1 FY27. EBITDA and EBITDA margin were not reported for the quarter, and the results were filed on a standalone basis.

The profit margin was negative 2.4% in Q2 FY27, compared with negative 42.4% in Q2 FY26 and positive 121.4% in Q1 FY27.

What changed in Ind Bank Housing's costs and profit?

Total expenses rose by ₹0.19 crore or 237.5% from Q2 FY26, reaching ₹0.27 crore. Employee cost increased by ₹0.01 crore or 12.5% to ₹0.09 crore, while other expenses increased by ₹0.17 crore or 1700.0% to ₹0.18 crore.

There was no exceptional item in Q2 FY27. Other income and tax were unchanged at ₹0 crore, while finance costs and depreciation were also unchanged at ₹0 crore.

Against Q1 FY27, total expenses fell by ₹0.36 crore or 57.1% to ₹0.27 crore, and other expenses fell by ₹0.37 crore or 67.3% to ₹0.18 crore. Employee cost rose by ₹0.01 crore or 12.5% to ₹0.09 crore, while other income, finance costs and depreciation remained unchanged at ₹0 crore.

Tax moved from ₹1.31 crore in Q1 FY27 to ₹0 crore in Q2 FY27. The filing did not state reasons for the changes in expenses.

How did the first half of FY27 go?

Ind Bank Housing reported standalone revenue of ₹3.45 crore for H1 FY27, against ₹0.12 crore in H1 FY26, an increase of ₹3.33 crore or 2775.0%. Total income was also ₹3.45 crore in H1 FY27, compared with ₹0.12 crore in H1 FY26.

Profit before tax moved from a loss of ₹0.13 crore in H1 FY26 to profit of ₹2.56 crore in H1 FY27. Profit after tax moved from a loss of ₹0.13 crore to profit of ₹3.87 crore, while EPS moved from ₹0.13 to ₹3.87.

What do the balance sheet and cash flow show?

Total assets were ₹15.82 crore at 30 September 2026, compared with ₹19.65 crore at 31 March 2026. Total equity was negative ₹117.09 crore, compared with negative ₹120.96 crore at the previous balance sheet date.

For H1 FY27, operating cash flow was ₹8.79 crore, investing cash flow was negative ₹14.94 crore and financing cash flow was negative ₹8.01 crore. In H1 FY26, operating cash flow was ₹10.85 crore, while investing and financing cash flow were unchanged at ₹0 crore.

How has Ind Bank Housing done over the last 8 quarters?

Revenue rose year on year in each of the last four quarters. Across the reported period, revenue was lowest at ₹0.06 crore in Q1 FY26 and Q2 FY26, and highest at ₹3.19 crore in Q1 FY27. It fell to ₹0.26 crore in Q2 FY27.

Profit after tax was lowest at negative ₹0.11 crore in Q1 FY26 and highest at ₹3.88 crore in Q1 FY27. It was negative ₹0.01 crore in Q2 FY27, following negative ₹0.02 crore in Q4 FY26. EBITDA margins were not reported for the trend quarters.

What else did the company announce?

The board approved the unaudited financial results and limited review report for the quarter and half year ended 30 September 2026. It also took note of Ray & Ray, Chartered Accountants, Chennai, as statutory auditors for FY 2026-27, following appointment by the Comptroller and Auditor General of India, and fixed the remuneration.

The same-day filings did not report a dividend, fund raise or appointment of a director. The trading window had been closed from 1 October 2026 and was scheduled to open 48 hours after the financial results were declared.

What did the auditors point out?

Ray & Ray stated that nothing had come to its attention causing it to believe that the unaudited financial results had not been prepared in all material aspects under applicable accounting standards and recognised accounting practices and policies, had not disclosed information required under Regulation 33 of the SEBI LODR Regulations, 2015, or contained a material misstatement.

The review report also included a “Material Uncertainty related to going concern”. It noted that the RBI cancelled the company’s housing finance registration on 22 September 2023, the board discontinued its HFC/NBFC activities on 25 September 2023, and its activities were then substantially confined to recovering outstanding advances and receivables through mortgaged assets and pending legal matters. The auditors said this gave rise to material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern, while their conclusion was not modified in respect of this matter.

How did Ind Bank Housing shares react?

Ind Bank Housing’s shares were up 2.1% 15 minutes after the filing appeared in the market but fell 1.5% by the close of the first session that could trade on the news. By the next day’s close, the stock was down 6.5% from its pre-results close, and by the fifth session it was down 6.8%.

The Housing Finance Company sector’s median move was negative 1.0% on the reaction day, negative 2.0% by the next day and negative 1.2% by the fifth day. Ind Bank Housing underperformed the sector median by 0.5 percentage points on the reaction day, 4.6 percentage points by the next day and 5.7 percentage points by the fifth day.

How did other Housing Finance Company companies do?

Seven other Housing Finance Company companies had filed for the quarter by 4 November 2026. Their median revenue growth was 13.9%; all seven grew slower than Ind Bank Housing, and none grew faster than the company.

All seven peers reported higher profit. The comparison covers seven peers for revenue growth and seven peers for profit.