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| GIC HOUSING FINANCE LTD. | ||||||
|---|---|---|---|---|---|---|
| CIN: L65922MH1989PLC054583 | ||||||
| Regd. Office : 6th Floor, National Insurance Building, 14, Jamshedji Tata Road, Churchgate, Mumbai - 400 020. | ||||||
| Statement of Unaudited Standalone Financial Results For the Quarter Ended June 30, 2026 | ||||||
| (₹ in Lakh) | ||||||
|
Sr. No. |
Particulars | Quarter Ended | Year Ended | |||
| 30-06-2026 | 31-03-2026 | 30-06-2025 | 31-03-2026 | |||
| (Reviewed) |
(Audited) (refer note 8) |
(Reviewed) | (Audited) | |||
| 1 | Revenue from operations | |||||
| (i) | Interest Income | 26,428 | 26,906 | 26,239 | 1,06,325 | |
| (ii) | Dividend Income | - | - | - | 15 | |
| (iii) | Fees and Commission Income | 98 | 162 | 99 | 544 | |
| (iv) | Other Operating Income | 148 | 202 | 198 | 1,339 | |
| Total Revenue from operations | 26,674 | 27,270 | 26,536 | 1,08,223 | ||
| Other Income | 58 | 74 | 7 | 99 | ||
| Total Income | 26,732 | 27,344 | 26,543 | 1,08,322 | ||
| 2 | Expenses | |||||
| (i) | Finance Cost | 17,298 | 16,835 | 17,312 | 68,699 | |
| (ii) | Net Loss on De-recognition of Financial Instruments under Amortised Cost Category | 45 | 47 | 19 | 131 | |
| (iii) | Impairment of Financial Instruments, including write-off (refer note 6) | 3,249 | (482) | 7,797 | 6,852 | |
| (iv) | Employee Benefits Expenses | 2,145 | 2,334 | 1,795 | 8,334 | |
| (v) | Depreciation & Amortisation Expenses | 379 | 278 | 254 | 1,096 | |
| (vi) | Other Expenses | 1,847 | 2,005 | 1,406 | 7,333 | |
| Total Expenses | 24,963 | 21,017 | 28,583 | 92,445 | ||
| 3 | Profit before exceptional items and tax (1-2) | 1,769 | 6,327 | (2,040) | 15,877 | |
| 4 | Exceptional items | - | - | - | - | |
| 5 | Profit before tax (3-4) | 1,769 | 6,327 | (2,040) | 15,877 | |
| 6 | Tax expense | |||||
| (i) | Current Tax | 915 | 1,110 | 900 | 3,860 | |
| (ii) | Deferred tax (Net) | (98) | (41) | (3,675) | (3,332) | |
| (iii) | Tax of Earlier Period (Net) | (52) | (100) | - | (100) | |
| 7 | Net Profit for the period (5-6) | 1,004 | 5,358 | 735 | 15,449 | |
| 8 | Other comprehensive Income | |||||
| A. Items that will not be reclassified to profit or loss | ||||||
| (i) | Remeasurement Gain / (Loss) on defined benefit plan | 108 | 87 | 12 | 7 | |
| (ii) | Net Gain on equity instrument designated at FVTOCI | - | 1,064 | 11 | 1,246 | |
| (iii) | Income tax relating to items that will not be reclassified to profit or loss | (27) | (130) | (6) | (156) | |
| B. Items that will be reclassified to profit or loss | - | - | - | - | ||
| Total other comprehensive Income (A+B) | 81 | 1,021 | 17 | 1,097 | ||
| 9 | Total Comprehensive Income (7+8) | 1,085 | 6,379 | 752 | 16,546 | |
| 10 | Paid up Equity Share Capital (Face value ₹ 10/-) | 5,385 | 5,385 | 5,385 | 5,385 | |
| 11 | Reserves as at 31st March | - | - | - | 2,05,176 | |
| 12 | Earning Per Share (EPS) on Face Value ₹ 10/- | |||||
| Basic and
Diluted Earning Per Share (Face value ₹
10/-) (The EPS for the Quarters are not annualised) |
1.86 | 9.95 | 1.36 | 28.69 | ||
| Notes to Standalone Financial Results: | ||||||||
| 1 | The above unaudited standalone financial results have been prepared in accordance with and comply in all material aspects with the Indian Accounting Standards ("Ind AS") as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. | |||||||
| 2 | The main business of the Company is to provide loans for purchase or construction of residential houses. All other activities of the Company revolve around the main business and accordingly there are no separate reportable segments, as per the Ind AS 108- Operating Segments. | |||||||
| 3 | There are no loans transferred / acquired during the quarter ended June 30, 2026 under the Reserve Bank of India (Non-Banking Financial Companies -Transfer and Distribution of Credit Risk) Directions, 2025 - RBI/ DOR/2025-26/352, DOR.STR.REC.271/21.04.048/ 2025-26 dated November 28, 2025. | |||||||
| 4 | Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure I. | |||||||
| 5 | Pursuant to Regulations 54 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, all Secured Non-Convertible Debentures (NCDs) issued by the Company and outstanding as on June 30, 2026 are fully secured by way of charge on identified receivables of the company. Accordingly, the Company is maintaining asset cover of 1x or such higher asset cover required as per the terms of offer document. | |||||||
| 6 | During the previous year, the Company has modified the method of calculating Expected Credit Loss (ECL) as a result, the ECL provision as at June 30, 2025 has increased by ₹ 5,416 Lakh. The Company has also reclassified repossessed properties from "Assets Held for Sale" (AHS) to Loans at amortised cost in accordance with opinion issued by Expert Advisory Committee of ICAI. Consequently, AHS amounting to ₹ 16,889 Lakh has been included in Loans at amortised cost as on June 30, 2025 and one time reclassification increase in ECL provisioning amounting to ₹ 2,731 Lakh during the said quarter. | |||||||
| 7 | In compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the above standalone financial results for the quarter ended June 30, 2026 have been reviewed by the Statutory Auditors of Company, reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on August 12, 2026. | |||||||
| 8 | The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the year ended March 31, 2026 and the reviewed figures in respect of nine months ended December 31, 2025. | |||||||
| For and on behalf of the Board | ||||||||
| Sachindra Salvi | ||||||||
| Managing Director & CEO | ||||||||
| DIN : 10930663 | ||||||||
| Place : Mumbai | ||||||||
| Date : August 12, 2026 | ||||||||
| Annexure - I to Standalone Financial Results | |||||
|---|---|---|---|---|---|
| Sr. No. | Ratio | Quarter Ended | Year Ended | ||
| 30-06-2026 | 31-03-2026 | 30-06-2025 | 31-03-2026 | ||
| (Reviewed) | (Audited) | (Reviewed) | (Audited) | ||
| a | Debt- Equity Ratio (in times) | 4.29 | 4.30 | 4.40 | 4.30 |
| b* | Debt-Service Coverage Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| c* | Interest Service Coverage Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| d | Outstanding redeemable preference shares (quantity and value) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| e | Capital redemption reserve / Debenture redemption reserve | - | - | - | - |
| f (i) | Net worth (₹ in Lakh) | 2,11,649 | 2,10,584 | 1,97,193 | 2,10,564 |
| f (ii) | Adjusted Net worth (₹ in Lakh) | 2,10,278 | 2,09,274 | 1,96,983 | 2,09,274 |
| g | Net Profit after tax (₹ in Lakh) | 1,004 | 5,358 | 735 | 15,449 |
| h | Earning per share (not annualised) | ||||
| 1. Basic | 1.86 | 9.95 | 1.36 | 28.69 | |
| 2. Diluted | 1.86 | 9.95 | 1.36 | 28.69 | |
| i* | Current Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| j* | Long term debt to working capital | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| k | Bad debts to Account receivable ratio (Not annualised) | 0.10% | 0.01% | 0.55% | 0.59% |
| l* | Current Liability Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| m | Total debts to total assets (%) | 79.90% | 80.11% | 80.85% | 80.11% |
| n* | Debtors turnover | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| o* | Inventory turnover | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| p* | Operating Margin (%) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| q | Net Profit Margin (%) | 3.76% | 19.59% | 2.77% | 14.26% |
| r | Sector specific equivalents ratios, as applicable | ||||
| i. Gross Stage 3 Ratio (%) | 4.49% | 3.96% | 4.74% | 3.96% | |
| ii. Provision Coverage Ratio (%) | 55.73% | 60.36% | 56.01% | 60.36% | |
| Formula for Computation of ratios are as follows: | |||||
| a | Debt equity ratio = (Debt Securities + Borrowings [Other than Debt Securities]) / Networth | ||||
| f (i) | Networth = Equity Share Capital + Other Equity | ||||
| f (ii) | Adjusted Networth = The aggregate value of paid-up share capital and all reserves created out of profits (including the securities premium account), reduced by the total of accumulated losses, deferred expenditure, and miscellaneous expenses not written. | ||||
| k | Bad Debts to Account Receivable ratio = Bad Debts Written Off / (Average Gross Loan Book + Average Gross Trade Receivables) | ||||
| m | Total debts to total assets (%) = (Debt Securities + Borrowings [Other than Debt Securities]) / Total Assets | ||||
| q | Net Profit Margin (%) = Net Profit after tax/ Total Income | ||||
| r | i. Gross Stage 3 Ratio (%) = Gross Stage III Loan outstanding / Total Loan Outstanding | ||||
| r | ii. Provision Coverage Ratio (%) = Allowance for bad and doubtful debts for Gross Stage III Loan Book / Gross Stage III Loan Book | ||||
| * | Since the Company is a Housing Finance Company ('HFC'), disclosure of Debt service coverage ratio, Interest service coverage ratio, Current ratio, Long term debt to working capital, Current liability ratio, Debtors turnover ratio, Inventory turnover ratio and Operating Margin Ratio are not applicable since the Company is engaged in financing activities. | ||||
| GIC HOUSING FINANCE LTD. | ||||||
|---|---|---|---|---|---|---|
| CIN: L65922MH1989PLC054583 | ||||||
| Regd. Office : 6th Floor, National Insurance Building, 14, Jamshedji Tata Road, Churchgate, Mumbai - 400 020. | ||||||
| Statement of Unaudited Consolidated Financial Results for the Quarter Ended June 30, 2026 | ||||||
| (₹ in Lakh) | ||||||
|
Sr. No. |
Particulars | Quarter Ended | Year Ended | |||
| 30-06-2026 | 31-03-2026 | 30-06-2025 | 31-03-2026 | |||
| (Reviewed) |
(Audited) (refer note 9) |
(Reviewed) | (Audited) | |||
| 1 | Revenue from operations | |||||
| (i) | Interest Income | 26,430 | 26,906 | 26,239 | 1,06,325 | |
| (ii) | Dividend Income | - | - | - | 15 | |
| (iii) | Fees and Commission Income | 98 | 162 | 99 | 544 | |
| (iv) | Other Operating Income | 148 | 202 | 198 | 1,339 | |
| Total Revenue from operations | 26,676 | 27,270 | 26,536 | 1,08,223 | ||
| Other Income | 61 | 77 | 8 | 106 | ||
| Total Income | 26,737 | 27,347 | 26,544 | 1,08,329 | ||
| 2 | Expenses | |||||
| (i) | Finance Cost | 17,298 | 16,835 | 17,312 | 68,699 | |
| (ii) | Net Loss on De-recognition of Financial Instruments under Amortised Cost Category | 45 | 47 | 19 | 131 | |
| (iii) | Impairment of Financial Instruments, including write-off (refer note 7) | 3,249 | (482) | 7,797 | 6,852 | |
| (iv) | Employee Benefits Expenses | 2,286 | 2,510 | 1,951 | 9,035 | |
| (v) | Depreciation & Amortisation Expenses | 380 | 279 | 254 | 1,098 | |
| (vi) | Other Expenses | 1,705 | 1,818 | 1,242 | 6,593 | |
| Total Expenses | 24,963 | 21,007 | 28,575 | 92,408 | ||
| 3 | Profit before exceptional items and tax (1-2) | 1,774 | 6,340 | (2,031) | 15,921 | |
| 4 | Exceptional items | - | - | - | - | |
| 5 | Profit before tax (3-4) | 1,774 | 6,340 | (2,031) | 15,921 | |
| 6 | Tax expense | |||||
| (i) | Current Tax | 916 | 1,113 | 902 | 3,871 | |
| (ii) | Deferred tax (Net) | (98) | (41) | (3,675) | (3,332) | |
| (iii) | Tax of Earlier Period (Net) | (52) | (100) | - | (100) | |
| 7 | Net Profit for the period (5-6) | 1,008 | 5,368 | 742 | 15,482 | |
| 8 | Other comprehensive Income | |||||
| A. Items that will not be reclassified to profit or loss | ||||||
| (i) | Remeasurement Gain / (Loss) on defined benefit plan | 108 | 87 | 12 | 7 | |
| (ii) | Net Gain on equity instrument designated at FVTOCI | - | 1,064 | 11 | 1,246 | |
| (iii) | Income tax relating to items that will not be reclassified to profit or loss | (27) | (130) | (6) | (156) | |
| B. Items that will be reclassified to profit or loss | - | - | - | - | ||
| Total other comprehensive Income (A+B) | 81 | 1,021 | 17 | 1,097 | ||
| 9 | Total Comprehensive Income (7+8) | 1,089 | 6,389 | 759 | 16,579 | |
| Net Profit for the period attributable to: | ||||||
| (i) | Owners of the Company | 1,008 | 5,368 | 742 | 15,482 | |
| (ii) | Non-Controlling Interest | - | - | - | - | |
| Other Comprehensive Income attributable to: | ||||||
| (i) | Owners of the Company | 81 | 1,021 | 17 | 1,097 | |
| (ii) | Non-Controlling Interest | - | - | - | - | |
| Total Comprehensive Income attributable to: | ||||||
| (i) | Owners of the Company | 1,089 | 6,389 | 759 | 16,579 | |
| (ii) | Non-Controlling Interest | - | - | - | - | |
| 10 | Paid up Equity Share Capital (Face value ₹ 10/-) | 5,385 | 5,385 | 5,385 | 5,385 | |
| 11 | Reserves as at 31st March | - | - | - | 2,05,252 | |
| 12 | Earning Per Share (EPS) on Face Value ₹ 10/- | |||||
| Basic and
Diluted Earning Per Share
(Face value ₹
10/-) (The EPS for the Quarters are not annualised) |
1.87 | 9.97 | 1.38 | 28.75 | ||
| Notes to Consolidated Financial Results: | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1 | The above unaudited consolidated financial results represent the consolidated financial results for GIC Housing Finance Limited ("GICHFL") and its wholly owned subsidiary i.e. GICHFL Financial Services Private Limited ("GFSPL") constituting the Group. | |||||||
| 2 | The above unaudited consolidated financial results have been prepared in accordance with lnd AS 110 - Consolidated Financial Statements, prescribed under section 133 of the Companies Act, 2013 (the "Act") read with the relevant rules issued thereunder and the other relevant provisions of the Act. | |||||||
| 3 | The above unaudited consolidated financial results of the Group have been prepared in accordance with and comply in all material aspects with the lndian Accounting Standards ("Ind AS") as prescribed under section 133 of the Companies Act, 2013 ("the Act") read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. | |||||||
| 4 | The main business of the Group is to provide loans for purchase or construction of residential houses. All other activities of the Group revolve around the main business and accordingly there are no separate reportable segments, as per the Ind AS 108- Operating Segments. | |||||||
| 5 | Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached in Annexure I. | |||||||
| 6 | Pursuant to Regulations 54 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, all Secured Non-Convertible Debentures (NCDs) issued by the Group and outstanding as on June 30, 2026 are fully secured by way of charge on identified receivables of the company. Accordingly, the Group is maintaining asset cover of 1x or such higher asset cover required as per the terms of offer document. | |||||||
| 7 | During the previous year, the Company has modified the method of calculating Expected Credit Loss (ECL) as a result, the ECL provision as at June 30, 2025 has increased by ₹ 5,416 Lakh. The Company has also reclassified repossessed properties from "Assets Held for Sale" (AHS) to Loans at amortised cost in accordance with opinion issued by Expert Advisory Committee of ICAI. Consequently, AHS amounting to ₹ 16,889 Lakh has been included in Loans at amortised cost as on June 30, 2025 and one time reclassification increase in ECL provisioning amounting to ₹ 2,731 Lakh during the said quarter. | |||||||
| 8 | In compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the above consolidated financial results for the quarter ended June 30, 2026 have been reviewed by the Statutory Auditors of Company, reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on August 12, 2026. | |||||||
| 9 | The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the year ended March 31, 2026 and the reviewed figures in respect of nine months ended December 31, 2025. | |||||||
| For and on behalf of the Board | ||||||||
| Sachindra Salvi | ||||||||
| Managing Director & CEO | ||||||||
| DIN : 10930663 | ||||||||
| Place : Mumbai | ||||||||
| Date : August 12, 2026 | ||||||||
| Annexure - I to Consolidated Financial Results | |||||
|---|---|---|---|---|---|
| Sr. No. | Ratio | Quarter Ended | Year Ended | ||
| 30-06-2026 | 31-03-2026 | 30-06-2025 | 31-03-2026 | ||
| (Reviewed) | (Audited) | (Reviewed) | (Audited) | ||
| a | Debt- Equity Ratio (in times) | 4.29 | 4.30 | 4.40 | 4.30 |
| b* | Debt-Service Coverage Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| c* | Interest Service Coverage Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| d | Outstanding redeemable preference shares (quantity and value) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| e | Capital redemption reserve / Debenture redemption reserve | - | - | - | - |
| f (i) | Net worth (₹ in Lakh) | 2,11,729 | 2,10,640 | 1,97,243 | 2,10,640 |
| f (ii) | Adjusted Net worth (₹ in Lakh) | 2,10,358 | 2,09,350 | 1,97,033 | 2,09,350 |
| g | Net Profit after tax (₹ in Lakh) | 1,008 | 5,368 | 742 | 15,482 |
| h | Earning per share (not annualised) | ||||
| 1. Basic | 1.87 | 9.97 | 1.38 | 28.75 | |
| 2. Diluted | 1.87 | 9.97 | 1.38 | 28.75 | |
| i* | Current Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| j* | Long term debt to working capital | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| k | Bad debts to Account receivable ratio (Not annualised) | 0.10% | 0.01% | 0.55% | 0.59% |
| l* | Current Liability Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| m | Total debts to total assets (%) | 79.89% | 80.10% | 80.85% | 80.10% |
| n* | Debtors turnover | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| o* | Inventory turnover | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| p* | Operating Margin (%) | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| q | Net Profit Margin (%) | 3.77% | 19.63% | 2.80% | 14.29% |
| r | Sector specific equivalents ratios, as applicable | ||||
| i. Gross Stage 3 Ratio (%) | 4.49% | 3.96% | 4.74% | 3.96% | |
| ii. Provision Coverage Ratio (%) | 55.73% | 60.36% | 56.01% | 60.36% | |
| Formula for Computation of ratios are as follows: | |||||
| a | Debt equity ratio = (Debt Securities + Borrowings [Other than Debt Securities]) / Networth | ||||
| f (i) | Networth = Equity Share Capital + Other Equity | ||||
| f (ii) | Adjusted Networth = The aggregate value of paid-up share capital and all reserves created out of profits (including the securities premium account), reduced by the total of accumulated losses, deferred expenditure, and miscellaneous expenses not written. | ||||
| k | Bad Debts to Account Receivable ratio = Bad Debts Written Off / (Average Gross Loan Book + Average Gross Trade Receivables) | ||||
| m | Total debts to total assets (%) = (Debt Securities + Borrowings [Other than Debt Securities]) / Total Assets | ||||
| q | Net Profit Margin (%) = Net Profit after tax/ Total Income | ||||
| r | i. Gross Stage 3 Ratio (%) = Gross Stage III Loan outstanding / Total Loan Outstanding | ||||
| r | ii. Provision Coverage Ratio (%) = Allowance for bad and doubtful debts for Gross Stage III Loan Book / Gross Stage III Loan Book | ||||
| * | Since the Company is a Housing Finance Company ('HFC'), disclosure of Debt service coverage ratio, Interest service coverage ratio, Current ratio, Long term debt to working capital, Current liability ratio, Debtors turnover ratio, Inventory turnover ratio and Operating Margin Ratio are not applicable since it is engaged in financing activities. | ||||