आर्थिक

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   and Half year ended September 30, 2026
								(₹ in Lakh)
Sr.      No.	Particulars		Quarter Ended			Half Year Ended		Year Ended
			30-09-2026	30-06-2026	30-09-2025	30-09-2026	30-09-2025	31-03-2026
			(Reviewed)      (refer note 14)	(Reviewed)	(Reviewed)      (refer note 14)	(Reviewed)	(Reviewed)	(Audited)
1	Revenue from   operations
	(i)	Interest Income	26,926	26,428	26,464	53,354	52,703	1,06,325
	(ii)	Dividend Income	-	-	15	-	15	15
	(iii)	Fees and Commission Income	234	98	153	332	252	544
	(iv)	Other Operating Income	393	148	522	541	720	1,339
	Total Revenue from   operations		27,553	26,674	27,154	54,227	53,690	1,08,223
		Other Income	166	58	17	224	24	99
	Total Income		27,719	26,732	27,171	54,451	53,714	1,08,322
2	Expenses
	(i)	Finance Cost	17,596	17,298	17,258	34,894	34,570	68,699
	(ii)	Net Loss on De-recognition of   Financial Instruments under Amortised Cost Category	62	45	23	107	42	131
	(iii)	Impairment of Financial   Instruments, including write-off (refer note 12)	(1,711)	3,249	(179)	1,538	7,618	6,852
	(iv)	Employee Benefits Expenses	2,230	2,145	2,045	4,375	3,840	8,334
	(v)	Depreciation & Amortisation   Expenses	402	379	281	781	535	1,096
	(vi)	Other Expenses	1,976	1,847	1,628	3,823	3,034	7,333
	Total Expenses		20,555	24,963	21,056	45,518	49,639	92,445
3	Profit before   exceptional items and tax (1-2)		7,164	1,769	6,115	8,933	4,075	15,877
4	Exceptional items		-	-	-	-	-	-
5	Profit before tax (3-4)		7,164	1,769	6,115	8,933	4,075	15,877
6	Tax expense
	(i)	Current Tax	1,210	915	875	2,125	1,775	3,860
	(ii)	Deferred tax (Net)	235	(98)	245	137	(3,430)	(3,332)
	(iii)	Tax of Earlier Period (Net)	-	(52)	-	(52)	-	(100)
7	Profit after tax (5-6)		5,719	1,004	4,995	6,723	5,730	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	56	108	6	164	18	7
	(ii)	Net Gain on equity instrument   designated at FVTOCI	(1)	-	(14)	(1)	(3)	1,246
	(iii)	Income tax relating to items   that will not be reclassified to profit or loss	(14)	(27)	2	(41)	(4)	(156)
	B. Items that will be   reclassified to profit or loss		-	-	-	-	-	-
	Total other comprehensive Income (A+B)		41	81	(6)	122	11	1,097
9	Total Comprehensive Income (7+8)		5,760	1,085	4,989	6,845	5,741	16,546
10	Paid up Equity Share Capital (Face value ₹ 10/-)		5,385	5,385	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 Quarter/Half year are not annualised)		10.62	1.86	9.28	12.48	10.64	28.69

       

Notes to the Standalone Financial Results:
1	Statement of   Standalone Assets and Liabilities
				(₹ in Lakh)
Sr.No.	Particulars		As at	As at
			30-09-2026	31-03-2026
			(Reviewed)	(Audited)
	ASSETS
1	Financial Assets
(a)	Cash   and cash equivalents		2,511	3,967
(b)	Bank   balance other than cash and cash equivalent		456	434
(c)	Receivables
	(i)   Trade Receivables		95	54
(d)	Loans		10,85,145	10,82,815
(e)	Investments		30,672	21,082
(f)	Other   financial assets		396	417
	Total - Financial Assets		11,19,275	11,08,769
2	Non-financial assets
(a)	Current   tax assets (net)		310	258
(b)	Deferred   tax assets (net)		10,248	10,426
(c)	Property,   plant and equipment		282	274
(d)	Right   Of Use Assets		7,861	6,531
(e)	Intangible   Assets under development		369	1,563
(f)	Other   intangible assets		1,967	124
(g)	Other   non-financial assets		2,445	1,866
	Total - Non Financial Assets		23,482	21,042
	Total Assets		11,42,757	11,29,811
	LIABILITIES   AND EQUITY
	LIABILITIES
1	Financial liabilities
(a)	Lease Liabilities		8,310	6,828
(b)	Payables
	(i)   Trade Payable
		-Total outstanding dues of   micro enterprises and small enterprises	411	186
		-Total outstanding dues of   creditors other than micro enterprises and small enterprises	1,180	1,423
(c)	Debt securities		1,78,812	1,93,534
(d)	Borrowings (other than debt securities)		7,32,928	7,11,514
(e)	Other financial liabilities		2,065	2,307
	Total - Financial Liabilities		9,23,706	9,15,792
2	Non-financial   liabilities
(a)	Current tax liabilities (Net)		530	74
(b)	Provisions		2,417	2,466
(c)	Other   Non Financial Liabilities		1,118	915
	Total - Non Financial Liabilities		4,065	3,455
3	Equity
(a)	Equity   Share Capital		5,388	5,388
(b)	Other   Equity		2,09,598	2,05,176
	Total - Equity		2,14,986	2,10,564
	Total Liabilities and Equity		11,42,757	11,29,811

       

2   Consolidated Cash Flow Statement			(₹ in Lakh)
Particulars		For the Half Year   Ended	For the Half Year Ended
		30-09-2026	30-09-2025
		(Reviewed)	(Reviewed)
A.Cash Flow From Operating   Activities :
Profit Before Tax		8,945	4,095
Adjustments For :
Depreciation And   Amortisation		782	535
Impairment   of Financial Instruments (excluding impairment loss allowance on cash &   cash equivalents)		1,540	7,613
Interest and Dividend   Income		(53,354)	(52,718)
Interest Expenses		34,894	34,570
Fees & Commission Income		(332)	(252)
(Profit)/Loss On Sale of   Property Plant & Equipments		47	5
(Profit)/Loss On Sale of   Investments		(25)	(18)
Remeasurement Gain/(loss) on   Defined Benefit Plan		164	18
Operating Profit Before   Working Capital Changes		(7,339)	(6,152)
Adjustments For :
(Increase)/Decrease In Non   Financial Assets		(2,281)	(594)
(Increase)/Decrease In Other   Financial Assets		23	19
(Increase)/Decrease In Other   Non Financial Assets		(567)	(551)
(Increase)/Decrease In Bank Balance other   than cash & cash equivalents		(24)	(3)
Increase/(Decrease) In Other   Non Financial Liabilities		609	426
Increase/(Decrease) In Trade   Payables		(25)	(304)
Increase/(Decrease) In Other   Financial Liabilities		1,530	482
Operating   Profit After Working Capital Changes		(8,074)	(6,677)
Adjustments   For :
(Increase)/Decrease   in Housing Loans		1,737	(31,679)
Asset   held for Sale		-	11,761
Fees & Commission Received		290	251
Interest Received		47,746	52,746
Interest Paid		(36,619)	(34,837)
Taxes Paid		(1,670)	(1,608)
Net Cash Generated / (Used) in   Operating Activity		3,410	(10,043)
B:Cash Flow From Investing   Activities
Payments for Property, Plant   & Equipments		(83)	(32)
Proceeds from Sale of   Property, Plant & Equipments		9	9
Payments for Intangible assets   under Developments		(922)	(274)
Purchase Of Investments		(1,16,540)	(56,414)
Sale Of Investments		1,06,975	53,118
Dividend Received		-	15
Net Cash Generated / (Used)   From Investing Activity		(10,561)	(3,578)
C: Cash Flow From Financing   Activities
Proceeds From Borrowings and   Debt Securities		4,23,254	4,68,185
Repayment of Borrowings and   Debt Securities		(4,14,531)	(4,40,706)
Dividend Paid On Equity Shares		(2,423)	(2,423)
Payment of lease liabilities		(616)	(495)
Net Cash Generated / (Used)   From Financing Activity		5,684	24,561
Net Increase/(Decrease) Of   Cash & Cash Equivalents (A+B+C)		(1,467)	10,940
Cash & Cash Equivalents As   At Beginning of the year		4,006	5,376
Cash & Cash Equivalents As   At the End of the Period		2,539	16,316

     

	Notes to Standalone   Financial Results:
3	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.
4	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.
5	The Members at the Annual General Meeting held on   August 4, 2026 approved the payment of final dividend of Rs. 4.5 per equity   share aggregating to Rs. 2,423 Lakh for the year ended March 31, 2026 as   recommended by Board of Directors of the Company at its meeting held on May   15, 2026. Accordingly, the dividend amount has been paid to the shareholders   in August 2026.
6	There is no   information required to be disclosed under disclosures on the details of   co-lending arrangements as at September 30, 2026 as required by Reserve Bank   of India (Non-Banking Financials Companies - Financial Statements:   Presentation and Disclosures) Directions, 2025 Notification No.   RBI/DOR/2025-26/359 Master Direction DOR.ACC.REC.No.278/21.04.018/2025-26   dated November 28, 2025 (as amended from time to time).
7	The Company has not   transferred / acquired any stressed loans, loans not in default during the   quarter and half year ended September 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 and Reserve Bank of   India (Non-Banking Financial Companies - Financial Statements: Presentation   and Disclosures) Directions, 2025, DOR.ACC.REC.No.278/21.04.018/2025-26.
8	There is no   information required to be disclosed under disclosures on the details of   project finance for the quarter ended September 30, 2026 pursuant to Reserve   Bank of India (Non-Banking Financial Companies - Financial Statements:   Presentation and Disclosures) Directions, 2025 vide RBI/DOR/2025-26/359   -DOR.ACC.REC.No.278/21.04.018/2025-26 dt 28th November 2025 & also as per   Reserve Bank of India (Non-Banking Financial Companies - Resolution of   Stressed. Assets) Directions, 2025 vide RBI/DOR/2025-26/357   DOR.STR.REC.276/21.04.048/2025-26 November 28, 2025.
9	Disclosure as   required under RBI Circular No. RBI/2020-21/16   DOR.No.BP.BC/3/21.04.048/2020-21 dated August 6, 2020  pertaining to Resolution Framework for   COVID-19 related Stress and circular RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22   dated May 5, 2021 pertaining to Resolution Framework - 2.0 read with Reserve   Bank of India (Non-Banking Financial Companies - Resolution of Stressed   Assets) Directions 2025 dated November 28, 2025 as at September 30, 2026 are   given below::
						₹ in Lakh
	Type of borrower	(A)	(B)	(C)	(D)	(E)
		Exposure   to Accounts classified as Standard consequent to Implementation of resolution   plan at March 31, 2026	of   ( A ) , aggregate debt that slipped into NPA during the half year	of   ( A ) , amount written off during the half year	of   ( A ) , amount paid by the borrowers during    the half year	Exposure   to Accounts classified as Standard consequent to Implementation of resolution   plan - Position as at September 30, 2026
	Personal loan	2,043	60	-	210	1,773
	Corporate   persons	-	-	-	-	-
	Of which , MSMEs	-	-	-	-	-
	Others	-	-	-	-	-
	Total	2,043	60	-	210	1,773
10	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.
11	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 September 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.
12	During the previous   year, the Company has modified the method of calculating Expected Credit Loss   (ECL) w.e.f April 01, 2025, 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.
13	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 and half year ended September 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 November 12, 2026.
14	The figures for the   quarter ended September 30, 2026 and September 30, 2025 are the balancing   figures between the reviewed figures in respect of the half year ended   September 30, 2026 and September 30, 2025 and the reviewed figures for the   quarter ended June 30, 2026 and June 30, 2025 respectively.
						For and on behalf of the   Board
						Managing Director & CEO
						DIN : 10930663
	Place : Siliguri
	Date : November 12, 2026

Annexure - I to Standalone Financial Results
Sr. No.	Ratio	Quarter Ended			Half Year Ended		Year Ended
		30-09-2026	30-06-2026	30-09-2025	30-09-2026	30-09-2025	31-03-2026
		(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)
a	Debt- Equity Ratio   (in times)	4.24	4.29	4.50	4.24	4.50	4.30
b*	Debt-Service   Coverage Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
c*	Interest Service   Coverage Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
d	Outstanding   redeemable preference shares (quantity and value)	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
e	Capital redemption   reserve / Debenture redemption reserve	-	-	-	-	-	-
f (i)	Net worth (₹ in   Lakh)	2,14,986	2,11,649	1,99,759	2,14,986	1,99,759	2,10,564
f (ii)	Adjusted Net worth   (₹ in Lakh)	2,13,574	2,10,278	1,99,555	2,13,574	1,99,555	2,09,274
g	Net Profit after tax   (₹ in Lakh)	5,719	1,004	4,995	6,723	5,730	15,449
h	Earning per share   (not annualised)
	1. Basic	10.62	1.86	9.28	12.48	10.64	28.69
	2. Diluted	10.62	1.86	9.28	12.48	10.64	28.69
i*	Current Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
j*	Long term debt to   working capital	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
k	Bad   debts to Account receivable ratio (For the Quarter/Half year are not   annualised)	0.02%	0.10%	0.02%	0.12%	0.57%	0.59%
l*	Current Liability   Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
m	Total debts to total   assets (%)	79.78%	79.90%	81.20%	79.78%	81.20%	80.11%
n*	Debtors turnover	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
o*	Inventory turnover	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
p*	Operating Margin (%)	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
q	Net Profit Margin   (%)	20.63%	3.76%	18.38%	12.35%	10.67%	14.26%
r	Sector specific   equivalents ratios, as applicable
	i. Stage 3 Ratio (%)	4.57%	4.49%	4.52%	4.57%	4.52%	3.96%
	ii. Provision   Coverage Ratio (%)	53.78%	55.73%	57.04%	53.78%	57.04%	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. 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 as 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 and Half Year Ended September 30, 2026
								(₹ in Lakh)
Sr.      No.	Particulars		Quarter Ended			Half Year   Ended		Year Ended
			30-09-2026	30-06-2026	30-09-2025	30-09-2026	30-09-2025	31-03-2026
			(Reviewed)      (refer note 12)	(Reviewed)	(Reviewed)      (refer note 12)	(Reviewed)	(Reviewed)	(Audited)
1	Revenue from   operations
	(i)	Interest Income	26,926	26,428	26,464	53,354	52,703	1,06,325
	(ii)	Dividend Income	-	-	15	-	15	15
	(iii)	Fees and Commission Income	234	98	153	332	252	544
	(iv)	Other Operating Income	393	148	522	541	720	1,339
	Total Revenue from   operations		27,553	26,674	27,154	54,227	53,690	1,08,223
		Other Income	167	63	19	230	27	106
	Total Income		27,720	26,737	27,173	54,457	53,717	1,08,329
2	Expenses
	(i)	Finance Cost	17,596	17,298	17,258	34,894	34,570	68,699
	(ii)	Net Loss on De-recognition of   Financial Instruments under Amortised Cost Category	62	45	23	107	42	131
	(iii)	Impairment of Financial Instruments, including write-off   (refer note 10)	(1,711)	3,249	(179)	1,538	7,618	6,852
	(iv)	Employee Benefits Expenses	2,377	2,286	2,230	4,663	4,181	9,035
	(v)	Depreciation & Amortisation   Expenses	402	380	281	782	535	1,098
	(vi)	Other Expenses	1,823	1,705	1,434	3,528	2,676	6,593
	Total Expenses		20,549	24,963	21,047	45,512	49,622	92,408
3	Profit before   exceptional items and tax (1-2)		7,171	1,774	6,126	8,945	4,095	15,921
4	Exceptional items		-	-	-	-	-	-
5	Profit before tax (3-4)		7,171	1,774	6,126	8,945	4,095	15,921
6	Tax expense
	(i)	Current Tax	1,212	916	878	2,128	1,780	3,871
	(ii)	Deferred tax (Net)	235	(98)	245	137	(3,430)	(3,332)
	(iii)	Tax of Earlier Period (Net)	-	(52)	-	(52)	-	(100)
7	Profit after tax (5-6)		5,724	1,008	5,003	6,732	5,745	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	56	108	6	164	18	7
	(ii)	Net Gain on equity instrument   designated at FVTOCI	(1)	-	(14)	(1)	(3)	1,246
	(iii)	Income tax relating to items   that will not be reclassified to profit or loss	(14)	(27)	2	(41)	(4)	(156)
	B. Items that will be   reclassified to profit or loss		-	-	-	-	-	-
	Total other comprehensive Income (A+B)		41	81	(6)	122	11	1,097
9	Total Comprehensive Income (7+8)		5,765	1,089	4,997	6,854	5,756	16,579
	Profit after tax for the period attributable to:
	(i)	Owners of the Company	5,724	1,008	5,003	6,732	5,745	15,482
	(ii)	Non-Controlling Interest	-	-	-	-	-	-
	Other Comprehensive Income attributable to:
	(i)	Owners of the Company	41	81	(6)	122	11	1,097
	(ii)	Non-Controlling Interest	-	-	-	-	-	-
	Total   Comprehensive Income attributable to:
	(i)	Owners of the Company	5,765	1,089	4,997	6,854	5,756	16,579
	(ii)	Non-Controlling Interest	-	-	-	-	-	-
10	Paid up Equity Share Capital (Face value ₹ 10/-)		5,385	5,385	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 quarter/half year are not annualised)		10.63	1.87	9.29	12.50	10.67	28.75

       

Notes to the Consolidated Financial Results:
1	Statement of   Consolidated Assets and Liabilities
				(₹ in Lakh)
Sr.No.	Particulars		As at	As at
			30-09-2026	31-03-2026
			(Reviewed)	(Audited)
	ASSETS
1	Financial Assets
(a)	Cash   and cash equivalents		2,539	4,006
(b)	Bank   balance other than cash and cash equivalent		536	512
(c)	Receivables
	(i)   Trade Receivables		95	54
(d)	Loans		10,85,145	10,82,815
(e)	Investments		30,597	21,007
(f)	Other   financial assets		432	451
	Total - Financial Assets		11,19,344	11,08,845
2	Non-financial assets
(a)	Current   tax assets (net)		319	264
(b)	Deferred   tax assets (net)		10,248	10,426
(c)	Property,   plant and equipment		285	279
(d)	Right   Of Use Assets		7,861	6,531
(e)	Intangible   Assets Under Development		369	1,563
(f)	Other   intangible assets		1,967	124
(g)	Other   non-financial assets		2,434	1,866
	Total - Non Financial Assets		23,483	21,053
	Total Assets		11,42,827	11,29,898
	LIABILITIES   AND EQUITY
	LIABILITIES
1	Financial liabilities
(a)	Lease Liabilities		8,310	6,828
(b)	Payables
	(i)   Trade Payable
		-Total outstanding dues of micro   enterprises and small enterprises	411	186
		-Total outstanding dues of   creditors other than micro enterprises and small enterprises	1,192	1,442
(c)	Debt securities		1,78,812	1,93,534
(d)	Borrowings (other than debt securities)		7,32,928	7,11,514
(e)	Other financial liabilities		2,038	2,299
	Total - Financial Liabilities		9,23,691	9,15,803
2	Non-financial   liabilities
(a)	Current   tax liabilities (Net)		530	74
(b)	Provisions		2,417	2,466
(c)	Other   Non Financial Liabilities		1,118	915
	Total - Non Financial Liabilities		4,065	3,455
3	Equity
(a)	Equity   Share Capital		5,388	5,388
(b)	Other   Equity		2,09,683	2,05,252
	Total - Equity		2,15,071	2,10,640
	Total Liabilities and Equity		11,42,827	11,29,898

    

2   Consolidated Cash Flow Statement			(₹ in Lakh)
Particulars		For the Half Year   Ended	For the Half Year Ended
		30-09-2026	30-09-2025
		(Reviewed)	(Reviewed)
A.Cash Flow From Operating   Activities :
Profit Before Tax		8,945	4,095
Adjustments For :
Depreciation And   Amortisation		782	535
Impairment   of Financial Instruments (excluding impairment loss allowance on cash &   cash equivalents)		1,540	7,613
Interest and Dividend   Income		(53,354)	(52,718)
Interest Expenses		34,894	34,570
Fees & Commission Income		(332)	(252)
(Profit)/Loss On Sale of   Property Plant & Equipments		47	5
(Profit)/Loss On Sale of   Investments		(25)	(18)
Remeasurement Gain/(loss) on   Defined Benefit Plan		164	18
Operating Profit Before   Working Capital Changes		(7,339)	(6,152)
Adjustments For :
(Increase)/Decrease In Non   Financial Assets		(2,281)	(594)
(Increase)/Decrease In Other   Financial Assets		23	19
(Increase)/Decrease In Other   Non Financial Assets		(567)	(551)
(Increase)/Decrease In Bank Balance other   than cash & cash equivalents		(24)	(3)
Increase/(Decrease) In Other   Non Financial Liabilities		609	426
Increase/(Decrease) In Trade   Payables		(25)	(304)
Increase/(Decrease) In Other   Financial Liabilities		1,530	482
Operating   Profit After Working Capital Changes		(8,074)	(6,677)
Adjustments   For :
(Increase)/Decrease   in Housing Loans		1,737	(31,679)
Asset   held for Sale		-	11,761
Fees & Commission Received		290	251
Interest Received		47,746	52,746
Interest Paid		(36,619)	(34,837)
Taxes Paid		(1,670)	(1,608)
Net Cash Generated / (Used) in   Operating Activity		3,410	(10,043)
B:Cash Flow From Investing   Activities
Payments for Property, Plant   & Equipments		(83)	(32)
Proceeds from Sale of   Property, Plant & Equipments		9	9
Payments for Intangible assets   under Developments		(922)	(274)
Purchase Of Investments		(1,16,540)	(56,414)
Sale Of Investments		1,06,975	53,118
Dividend Received		-	15
Net Cash Generated / (Used)   From Investing Activity		(10,561)	(3,578)
C: Cash Flow From Financing   Activities
Proceeds From Borrowings and   Debt Securities		4,23,254	4,68,185
Repayment of Borrowings and   Debt Securities		(4,14,531)	(4,40,706)
Dividend Paid On Equity Shares		(2,423)	(2,423)
Payment of lease liabilities		(616)	(495)
Net Cash Generated / (Used)   From Financing Activity		5,684	24,561
Net Increase/(Decrease) Of   Cash & Cash Equivalents (A+B+C)		(1,467)	10,940
Cash & Cash Equivalents As   At Beginning of the year		4,006	5,376
Cash & Cash Equivalents As   At the End of the Period		2,539	16,316

    

	Notes   to Consolidated Financial Results:
3	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.
4	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.
5	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.
6	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.
7	The Members at the   Annual General Meeting held on August 4, 2026 approved the payment of final   dividend of Rs. 4.5 per equity share aggregating to Rs. 2,423 Lakh for the   year ended March 31, 2026 as recommended by Board of Directors of the Company   at its meeting held on May 15, 2026. Accordingly, the dividend amount has   been paid to the shareholders in August 2026.
8	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.
9	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 September 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.
10	During the previous   year, the Company has modified the method of calculating Expected Credit Loss   (ECL) w.e.f April 01, 2025, 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.
11	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 and half year ended September 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 November 12, 2026.
12	The figures for the   quarter ended September 30, 2026 and September 30, 2025 are the balancing   figures between the reviewed figures in respect of the half year ended   September 30, 2026 and September 30, 2025 and the reviewed figures for the   quarter ended June 30, 2026 and June 30, 2025 respectively.
						For and on behalf of the   Board
						Sachindra Salvi
						Managing Director & CEO
						DIN : 10930663
	Place : Siliguri
	Date : November 12, 2026

    

Annexure - I to Consolidated Financial   Results
Sr. No.	Ratio	Quarter Ended			Half Year Ended		Year Ended
		30-09-2026	30-06-2026	30-09-2025	30-09-2026	30-09-2025	31-03-2026
		(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Reviewed)	(Audited)
a	Debt- Equity Ratio (in times)	4.24	4.29	4.50	4.24	4.50	4.30
b*	Debt-Service Coverage Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
c*	Interest Service Coverage Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
d	Outstanding redeemable preference   shares (quantity and value)	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
e	Capital redemption reserve / Debenture   redemption reserve	-	-	-	-	-	-
f (i)	Net worth (₹ in Lakh)	2,15,071	2,11,729	1,99,817	2,15,071	1,99,817	2,10,640
f (ii)	Adjusted Net worth (₹   in Lakh)	2,13,659	2,10,358	1,99,613	2,13,659	1,99,613	2,09,350
g	Net Profit after tax (₹ in Lakh)	5,724	1,008	5,003	6,732	5,745	15,482
h	Earning per share (not annualised)
	1. Basic	10.63	1.87	9.29	12.50	10.67	28.75
	2. Diluted	10.63	1.87	9.29	12.50	10.67	28.75
i*	Current Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
j*	Long term debt to working capital	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
k	Bad   debts to Account receivable ratio (For the Quarter/Half year are not   annualised)	0.02%	0.10%	0.02%	0.12%	0.57%	0.59%
l*	Current Liability Ratio	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
m	Total debts to total assets (%)	79.78%	79.89%	81.20%	79.78%	81.20%	80.10%
n*	Debtors turnover	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
o*	Inventory turnover	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
p*	Operating Margin (%)	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable	Not Applicable
q	Net Profit Margin (%)	20.65%	3.77%	18.41%	12.36%	10.69%	14.29%
r	Sector specific equivalents ratios, as   applicable
	i. Stage 3 Ratio (%)	4.57%	4.49%	4.52%	4.57%	4.52%	3.96%
	ii. Provision Coverage Ratio (%)	53.78%	55.73%	57.04%	53.78%	57.04%	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. 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 as it   is engaged in financing activities.