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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 and Half year ended September 30, 2025 | ||||||||
| (₹ in Lakh) | ||||||||
| Sr. No. |
Particulars | Quarter Ended | Half Year Ended | Year Ended | ||||
| 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 | |||
| (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) | |||
| 1 | Revenue from operations | |||||||
| (i) | Interest Income | 26,464 | 26,239 | 25,937 | 52,703 | 51,709 | 1,04,926 | |
| (ii) | Dividend Income | 15 | - | 15 | 15 | 15 | 15 | |
| (iii) | Fees and Commission Income | 153 | 99 | 142 | 252 | 281 | 549 | |
| (iv) | Other Operating Income | 522 | 198 | 310 | 720 | 1,793 | 2,401 | |
| Total Revenue from operations | 27,154 | 26,536 | 26,404 | 53,690 | 53,798 | 1,07,891 | ||
| Other Income | 17 | 7 | 164 | 24 | 488 | 997 | ||
| Total Income | 27,171 | 26,543 | 26,568 | 53,714 | 54,286 | 1,08,888 | ||
| 2 | Expenses | |||||||
| (i) | Finance Cost | 17,258 | 17,312 | 17,687 | 34,570 | 35,085 | 70,296 | |
| (ii) | Net Loss on De-recognition of Financial Instruments under Amortised Cost Category | 23 | 19 | 7 | 42 | 10 | 31 | |
| (iii) | Impairment of Financial Instruments, including write-off (refer note 10) | (179) | 7,797 | 156 | 7,618 | 2,540 | 1,652 | |
| (iv) | Employee Benefits Expenses | 2,045 | 1,795 | 1,744 | 3,840 | 3,303 | 7,023 | |
| (v) | Depreciation & Amortisation Expenses | 281 | 254 | 374 | 535 | 739 | 1,501 | |
| (vi) | Other Expenses | 1,628 | 1,406 | 1,835 | 3,034 | 3,157 | 6,442 | |
| Total Expenses | 21,056 | 28,583 | 21,803 | 49,639 | 44,834 | 86,945 | ||
| 3 | Profit before exceptional items and tax (1-2) | 6,115 | (2,040) | 4,765 | 4,075 | 9,452 | 21,943 | |
| 4 | Exceptional items (refer note 11) | - | - | - | - | - | 1,306 | |
| 5 | Profit before tax (3-4) | 6,115 | (2,040) | 4,765 | 4,075 | 9,452 | 20,637 | |
| 6 | Tax expense | |||||||
| (i) | Current Tax | 875 | 900 | 975 | 1,775 | 2,150 | 4,450 | |
| (ii) | Deferred tax (Net) | 245 | (3,675) | 142 | (3,430) | (242) | 170 | |
| 7 | Net Profit for the period (5-6) | 4,995 | 735 | 3,648 | 5,730 | 7,544 | 16,017 | |
| 8 | Other comprehensive Income | |||||||
| A. Items that will not be reclassified to profit or loss | ||||||||
| (i) | Remeasurement Gain / (Loss) on defined benefit plan | 6 | 12 | (32) | 18 | (33) | (92) | |
| (ii) | Net Gain on equity instrument designated at FVTOCI | (14) | 11 | 24 | (3) | 92 | 68 | |
| (iii) | Income tax relating to items that will not be reclassified to profit or loss | 2 | (6) | 2 | (4) | (15) | 6 | |
| B. Items that will be reclassified to profit or loss | - | - | - | - | - | - | ||
| Total other comprehensive Income (A+B) | (6) | 17 | (6) | 11 | 44 | (18) | ||
| 9 | Total Comprehensive Income (7+8) | 4,989 | 752 | 3,642 | 5,741 | 7,588 | 15,999 | |
| 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 | - | - | - | - | - | 1,91,053 | |
| 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) |
9.28 | 1.36 | 6.77 | 10.64 | 14.01 | 29.74 | ||
| Notes to the Standalone Financial Results: | ||||
|---|---|---|---|---|
| 1 | Statement of Standalone Assets and Liabilities | |||
| (₹ in Lakh) | ||||
| Sr.No. | Particulars | As at | As at | |
| 30-09-2025 | 31-03-2025 | |||
| (Reviewed) | (Audited) | |||
| ASSETS | ||||
| 1 | Financial Assets | |||
| (a) | Cash and cash equivalents | 16,272 | 5,338 | |
| (b) | Bank balance other than cash and cash equivalent | 421 | 421 | |
| (c) | Receivables | |||
| (i) Trade Receivables | 24 | 23 | ||
| (d) | Loans | 10,45,258 | 10,21,231 | |
| (e) | Investments | 28,790 | 25,479 | |
| (f) | Other financial assets | 328 | 350 | |
| Total - Financial Assets | 10,91,093 | 10,52,842 | ||
| 2 | Non-financial assets | |||
| (a) | Current tax assets (net) | 372 | 372 | |
| (b) | Deferred tax assets (net) | 10,676 | 7,250 | |
| (c) | Property, plant and equipment | 281 | 312 | |
| (d) | Right Of Use Assets | 2,126 | 2,119 | |
| (e) | Intangible Assets Under Development | 1,410 | 1,136 | |
| (f) | Other intangible assets | 184 | 244 | |
| (g) | Other non-financial assets | 1,994 | 1,457 | |
| (h) | Assets Held for Sale | - | 11,761 | |
| Total - Non Financial Assets | 17,043 | 24,651 | ||
| Total Assets | 11,08,136 | 10,77,493 | ||
| LIABILITIES AND EQUITY | ||||
| LIABILITIES | ||||
| 1 | Financial liabilities | |||
| (a) | Lease Liabilities | 2,338 | 2,328 | |
| (b) | Payables | |||
| (i) Trade Payable | ||||
| -Total outstanding dues of micro enterprises and small enterprises | 76 | 123 | ||
| -Total outstanding dues of creditors other than micro enterprises and small enterprises | 753 | 1,004 | ||
| (c) | Debt securities | 1,66,870 | 1,35,411 | |
| (d) | Borrowings (other than debt securities) | 7,32,986 | 7,37,320 | |
| (e) | Other financial liabilities | 1,715 | 1,666 | |
| Total - Financial Liabilities | 9,04,738 | 8,77,852 | ||
| 2 | Non-financial liabilities | |||
| (a) | Current tax liabilities (Net) | 462 | 315 | |
| (b) | Provisions | 2,302 | 2,174 | |
| (c) | Other Non Financial Liabilities | 875 | 711 | |
| Total - Non Financial Liabilities | 3,639 | 3,200 | ||
| 3 | Equity | |||
| (a) | Equity Share Capital | 5,388 | 5,388 | |
| (b) | Other Equity | 1,94,371 | 1,91,053 | |
| Total - Equity | 1,99,759 | 1,96,441 | ||
| Total Liabilities and Equity | 11,08,136 | 10,77,493 | ||
| 2 Standalone Cash Flow Statement | (₹ in Lakh) | |
|---|---|---|
| Particulars | FOR THE HALF YEAR ENDED | FOR THE HALF YEAR ENDED |
| 30-09-2025 | 30-09-2024 | |
| (Reviewed) | (Reviewed) | |
| A.Cash Flow From Operating Activities : | ||
| Profit Before Tax | 4,075 | 9,452 |
| Adjustments For : | ||
| Depreciation And Amortisation | 535 | 739 |
| Impairment of Financial Instruments (excluding impairment loss allowance on cash & cash equivalents) | 7,613 | 2,538 |
| Interest and Dividend Income | (52,718) | (51,724) |
| Interest Expenses | 34,570 | 35,085 |
| Fees & Commission Income | (252) | (281) |
| (Profit)/Loss On Sale Of Fixed Assets (Net) | 5 | - |
| (Profit)/Loss On Sale Of Investments | (18) | (15) |
| Remeasurement Gain/(loss) on Defined Benefit Plan | 18 | (33) |
| Operating Profit Before Working Capital Changes | (6,172) | (4,239) |
| Adjustments For : | ||
| (Increase)/Decrease In Non Financial Assets | (599) | 2,168 |
| (Increase)/Decrease In Other Financial Assets | 19 | (30) |
| (Increase)/Decrease In Other Non Financial Assets | (537) | (419) |
| (Increase)/Decrease In Bank Balance other than cash & cash equivalents | (1) | (1) |
| Increase/(Decrease) In Other Non Financial Liabilities | 439 | 433 |
| Increase/(Decrease) In Trade Payables | (299) | 150 |
| Increase/(Decrease) In Other Financial Liabilities | 468 | 586 |
| Operating Profit After Working Capital Changes | (6,682) | (1,352) |
| Adjustments For : | ||
| (Increase)/Decrease Housing Loans | (31,679) | (9,884) |
| Asset held for Sale | 11,761 | (674) |
| Fees & Commission Received | 251 | 244 |
| Interest Received | 52,745 | 51,511 |
| Interest Paid | (34,837) | (32,539) |
| Taxes Paid | (1,608) | (1,908) |
| Net Cash Generated/(Used) From Operating Activity | (10,049) | 5,398 |
| B:Cash Flow From Investment Activities | ||
| Payments for Property, Plant & Equipments | (32) | (110) |
| Proceeds from Sale of Property, Plant & Equipments | 9 | 13 |
| Payments for Intangible assets Under Developments | (274) | (56) |
| Purchase Of Investments | (56,414) | (80,737) |
| Sale Of Investments | 53,118 | 72,465 |
| Dividend Received | 15 | 15 |
| Net Cash Generated/(Used) From Investing Activity | (3,578) | (8,410) |
| C: Cash Flow From Financing Activities | ||
| Proceeds From Borrowings and Debt Securities | 4,68,185 | 2,89,408 |
| Repayment of Borrowings and Debt Securities | (4,40,706) | (2,83,368) |
| Dividend Paid On Equity Shares | (2,423) | (2,423) |
| Payment of lease liabilities | (495) | (455) |
| Net Cash Generated/(Used) From Financing Activity | 24,561 | 3,162 |
| Net Increase/(Decrease) Of Cash & Cash Equivalents (A+B+C) | 10,934 | 150 |
| Cash & Cash Equivalents As At Beginning of the year | 5,338 | 3,575 |
| Cash & Cash Equivalents As At the End of the Period | 16,272 | 3,725 |
| 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 19, 2025 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, 2025 as recommended by Board of Directors of the Company at its meeting held on May 16, 2025. Accordingly, the dividend amount has been paid to the shareholders in August 2025. | |||||||
| 6 | There are no loans transferred / acquired during the quarter and half year ended September 30, 2025 under the RBI Master direction on Transfer of Loan Exposure dated September 24, 2021. | |||||||
| 7 | 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. | |||||||
| 8 | 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 read with circular RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021 pertaining to Resolution Framework - 2.0 : | |||||||
| ₹ 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, 2025 | 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, 2025 | ||||
| Personal loan | 2,348 | 37 | - | 86 | 2,225 | |||
| Corporate persons | - | - | - | - | - | |||
| Of which , MSMEs | - | - | - | - | - | |||
| Others | - | - | - | - | - | |||
| Total | 2,348 | 37 | - | 86 | 2,225 | |||
| 9 | 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, 2025 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. | |||||||
| 10 | 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 | During the previous year ended March 31, 2025 the Company had reviewed, assessed and written off the Loan Origination System (LOS) software, classified under intangible assets, with a carrying value of ₹ 1,306 lakh as at reporting date and in accordance with Ind AS 1 – Presentation of Financial Statements, the carrying value of the asset had been charged to the Statement of Profit and Loss as an exceptional item, considering the nature, frequency and materiality of the transaction. | |||||||
| 12 | 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, 2025 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 13, 2025. The Statutory Auditors have expressed an unqualified review conclusion. | |||||||
| 13 | The figures for the previous periods / year have been regrouped / reclassified wherever necessary in order to make them comparable with figures for the quarter and half year ended September 30, 2025. | |||||||
| For and on behalf of the Board | ||||||||
| Sachindra Salvi | ||||||||
| Managing Director & CEO | ||||||||
| DIN : 10930663 | ||||||||
| Place : Mumbai | ||||||||
| Date : November 13, 2025 | ||||||||
| Annexure - I of Standalone Financial Results | |||||||
|---|---|---|---|---|---|---|---|
| Sr. No. | Ratio | Quarter Ended | Half Year Ended | Year Ended | |||
| 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 | ||
| (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) | ||
| a | Debt- Equity Ratio (in times) | 4.50 | 4.40 | 4.60 | 4.50 | 4.60 | 4.44 |
| 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 | Net worth (₹ in Lakh) | 1,99,759 | 1,97,193 | 1,88,030 | 1,99,759 | 1,88,030 | 1,96,441 |
| g | Net Profit after tax (₹ in Lakh) | 4,995 | 735 | 3,648 | 5,730 | 7,544 | 16,017 |
| h | Earning per share (not annualised) | ||||||
| 1. Basic | 9.28 | 1.36 | 6.77 | 10.64 | 14.01 | 29.74 | |
| 2. Diluted | 9.28 | 1.36 | 6.77 | 10.64 | 14.01 | 29.74 | |
| 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 (Not annualised) | 0.02% | 0.55% | - | 0.57% | - | 0.06% |
| l* | Current Liability Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| m | Total debts to total assets (%) | 81.20% | 80.85% | 81.47% | 81.20% | 81.47% | 81.00% |
| 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 (%) | 18.38% | 2.77% | 13.73% | 10.67% | 13.90% | 14.71% |
| r | Sector specific equivalents ratios, as applicable | ||||||
| i. Stage 3 Ratio (%) | 4.52% | 4.74% | 3.78% | 4.52% | 3.78% | 3.03% | |
| ii. Provision Coverage Ratio (%) | 57.04% | 56.01% | 36.69% | 57.04% | 36.69% | 36.07% | |
| Formula for Computation of ratios are as follows: | |||||||
| a | Debt equity ratio = (Debt Securities + Borrowings [Other than Debt Securities]) / Networth | ||||||
| f | Networth = Equity Share Capital + Other Equity | ||||||
| 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 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 and Half Year Ended September 30, 2025 | ||||||||
| (₹ in Lakh) | ||||||||
| Sr. No. |
Particulars | Quarter Ended | Half Year Ended | Year Ended | ||||
| 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 | |||
| (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) | |||
| 1 | Revenue from operations | |||||||
| (i) | Interest Income | 26,464 | 26,239 | 25,937 | 52,703 | 51,709 | 1,04,926 | |
| (ii) | Dividend Income | 15 | - | 15 | 15 | 15 | 15 | |
| (iii) | Fees and Commission Income | 153 | 99 | 142 | 252 | 281 | 549 | |
| (iv) | Other Operating Income | 522 | 198 | 310 | 720 | 1,793 | 2,401 | |
| Total Revenue from operations | 27,154 | 26,536 | 26,404 | 53,690 | 53,798 | 1,07,891 | ||
| Other Income | 19 | 8 | 166 | 27 | 491 | 1,003 | ||
| Total Income | 27,173 | 26,544 | 26,570 | 53,717 | 54,289 | 1,08,894 | ||
| 2 | Expenses | |||||||
| (i) | Finance Cost | 17,258 | 17,312 | 17,687 | 34,570 | 35,085 | 70,296 | |
| (ii) | Net Loss on De-recognition of Financial Instruments under Amortised Cost Category | 23 | 19 | 7 | 42 | 10 | 31 | |
| (iii) | Impairment of Financial Instruments, including write-off (refer note 10) | (179) | 7,797 | 156 | 7,618 | 2,540 | 1,652 | |
| (iv) | Employee Benefits Expenses | 2,230 | 1,951 | 1,803 | 4,181 | 3,397 | 7,426 | |
| (v) | Depreciation & Amortisation Expenses | 281 | 254 | 374 | 535 | 739 | 1,501 | |
| (vi) | Other Expenses | 1,434 | 1,242 | 1,773 | 2,676 | 3,057 | 6,012 | |
| Total Expenses | 21,047 | 28,575 | 21,800 | 49,622 | 44,828 | 86,918 | ||
| 3 | Profit before exceptional items and tax (1-2) | 6,126 | (2,031) | 4,770 | 4,095 | 9,461 | 21,976 | |
| 4 | Exceptional items (refer note 11) | - | - | - | - | - | 1,306 | |
| 5 | Profit before tax (3-4) | 6,126 | (2,031) | 4,770 | 4,095 | 9,461 | 20,670 | |
| 6 | Tax expense | |||||||
| (i) | Current Tax | 878 | 902 | 976 | 1,780 | 2,152 | 4,458 | |
| (ii) | Deferred tax (Net) | 245 | (3,675) | 142 | (3,430) | (242) | 170 | |
| 7 | Net Profit for the period (5-6) | 5,003 | 742 | 3,652 | 5,745 | 7,551 | 16,042 | |
| 8 | Other comprehensive Income | |||||||
| A. Items that will not be reclassified to profit or loss | ||||||||
| (i) | Remeasurement Gain / (Loss) on defined benefit plan | 6 | 12 | (32) | 18 | (33) | (92) | |
| (ii) | Net Gain on equity instrument designated at FVTOCI | (14) | 11 | 24 | (3) | 92 | 68 | |
| (iii) | Income tax relating to items that will not be reclassified to profit or loss | 2 | (6) | 2 | (4) | (15) | 6 | |
| B. Items that will be reclassified to profit or loss | - | - | - | - | - | - | ||
| Total other comprehensive Income (A+B) | (6) | 17 | (6) | 11 | 44 | (18) | ||
| 9 | Total Comprehensive Income (7+8) | 4,997 | 759 | 3,646 | 5,756 | 7,595 | 16,024 | |
| Net Profit for the period attributable to: | ||||||||
| (i) | Owners of the Company | 5,003 | 742 | 3,652 | 5,745 | 7,551 | 16,042 | |
| (ii) | Non-Controlling Interest | - | - | - | - | - | - | |
| Other Comprehensive Income attributable to: | ||||||||
| (i) | Owners of the Company | (6) | 17 | (6) | 11 | 44 | (18) | |
| (ii) | Non-Controlling Interest | - | - | - | - | - | - | |
| Total Comprehensive Income attributable to: | ||||||||
| (i) | Owners of the Company | 4,997 | 759 | 3,646 | 5,756 | 7,595 | 16,024 | |
| (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 | - | - | - | - | - | 1,91,096 | |
| 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) |
9.29 | 1.38 | 6.78 | 10.67 | 14.02 | 29.79 | ||
| Notes to the Consolidated Financial Results: | ||||
|---|---|---|---|---|
| 1 | Statement of Consolidated Assets and Liabilities | |||
| (₹ in Lakh) | ||||
| Sr.No. | Particulars | As at | As at | |
| 30-09-2025 | 31-03-2025 | |||
| (Reviewed) | (Audited) | |||
| ASSETS | ||||
| 1 | Financial Assets | |||
| (a) | Cash and cash equivalents | 16,316 | 5,376 | |
| (b) | Bank balance other than cash and cash equivalent | 509 | 506 | |
| (c) | Receivables | |||
| (i) Trade Receivables | 24 | 23 | ||
| (d) | Loans | 10,45,258 | 10,21,231 | |
| (e) | Investments | 28,715 | 25,404 | |
| (f) | Other financial assets | 328 | 350 | |
| Total - Financial Assets | 10,91,150 | 10,52,890 | ||
| 2 | Non-financial assets | |||
| (a) | Current tax assets (net) | 372 | 382 | |
| (b) | Deferred tax assets (net) | 10,676 | 7,250 | |
| (c) | Property, plant and equipment | 281 | 312 | |
| (d) | Right Of Use Assets | 2,126 | 2,119 | |
| (e) | Intangible Assets Under Development | 1,410 | 1,136 | |
| (f) | Other intangible assets | 184 | 244 | |
| (g) | Other non-financial assets | 1,994 | 1,444 | |
| (h) | Assets Held for Sale | - | 11,761 | |
| Total - Non Financial Assets | 17,043 | 24,648 | ||
| Total Assets | 11,08,193 | 10,77,538 | ||
| LIABILITIES AND EQUITY | ||||
| LIABILITIES | ||||
| 1 | Financial liabilities | |||
| (a) | Lease Liabilities | 2,338 | 2,328 | |
| (b) | Payables | |||
| (i) Trade Payable | ||||
| -Total outstanding dues of micro enterprises and small enterprises | 76 | 123 | ||
| -Total outstanding dues of creditors other than micro enterprises and small enterprises | 753 | 1,010 | ||
| (c) | Debt securities | 1,66,870 | 1,35,411 | |
| (d) | Borrowings (other than debt securities) | 7,32,986 | 7,37,320 | |
| (e) | Other financial liabilities | 1,727 | 1,662 | |
| Total - Financial Liabilities | 9,04,750 | 8,77,854 | ||
| 2 | Non-financial liabilities | |||
| (a) | Current tax liabilities (Net) | 449 | 315 | |
| (b) | Provisions | 2,302 | 2,174 | |
| (c) | Other Non Financial Liabilities | 875 | 711 | |
| Total - Non Financial Liabilities | 3,626 | 3,200 | ||
| 3 | Equity | |||
| (a) | Equity Share Capital | 5,388 | 5,388 | |
| (b) | Other Equity | 1,94,429 | 1,91,096 | |
| Total - Equity | 1,99,817 | 1,96,484 | ||
| Total Liabilities and Equity | 11,08,193 | 10,77,538 | ||
| 2 Consolidated Cash Flow Statement | (₹ in Lakh) | |
|---|---|---|
| Particulars | Half Year Ended | Half Year Ended |
| 30-09-2025 | 30-09-2024 | |
| (Reviewed) | (Reviewed) | |
| A.Cash Flow From Operating Activities : | ||
| Profit Before Tax | 4,095 | 9,461 |
| Adjustments For : | ||
| Depreciation And Amortisation | 535 | 739 |
| Impairment of Financial Instruments (excluding impairment loss allowance on cash & cash equivalents) | 7,613 | 2,538 |
| Interest and Dividend Income | (52,718) | (51,724) |
| Interest Expenses | 34,570 | 35,085 |
| Fees & Commission Income | (252) | (281) |
| (Profit)/Loss On Sale Of Fixed Assets (Net) | 5 | - |
| (Profit)/Loss On Sale Of Investments | (18) | (15) |
| Remeasurement Gain/(loss) on Defined Benefit Plan | 18 | (33) |
| Operating Profit Before Working Capital Changes | (6,152) | (4,230) |
| Adjustments For : | ||
| (Increase)/Decrease In Non Financial Assets | (594) | 2,156 |
| (Increase)/Decrease In Other Financial Assets | 19 | (19) |
| (Increase)/Decrease In Other Non Financial Assets | (551) | (418) |
| (Increase)/Decrease In Bank Balance other than cash & cash equivalents | (3) | (13) |
| Increase/(Decrease) In Other Non Financial Liabilities | 426 | 433 |
| Increase/(Decrease) In Trade Payables | (304) | 134 |
| Increase/(Decrease) In Other Financial Liabilities | 482 | 608 |
| Operating Profit After Working Capital Changes | (6,677) | (1,349) |
| Adjustments For : | ||
| (Increase)/Decrease Housing Loans | (31,679) | (9,884) |
| Asset held for Sale | 11,761 | (674) |
| Fees & Commission Received | 251 | 244 |
| Interest Received | 52,746 | 51,511 |
| Interest Paid | (34,837) | (32,539) |
| Taxes Paid | (1,608) | (1,908) |
| Net Cash Generated/(Used) From Operating Activity | (10,043) | 5,401 |
| B:Cash Flow From Investment Activities | ||
| Payments for Property, Plant & Equipments | (32) | (110) |
| Proceeds from Sale of Property, Plant & Equipments | 9 | 13 |
| Payments for Intangible assets Under Developments | (274) | (56) |
| Purchase Of Investments | (56,414) | (80,737) |
| Sale Of Investments | 53,118 | 72,465 |
| Dividend Received | 15 | 15 |
| Net Cash Generated/(Used) From Investing Activity | (3,578) | (8,410) |
| C: Cash Flow From Financing Activities | ||
| Proceeds From Borrowings and Debt Securities | 4,68,185 | 2,89,408 |
| Repayment of Borrowings and Debt Securities | (4,40,706) | (2,83,368) |
| Dividend Paid On Equity Shares | (2,423) | (2,423) |
| Payment of lease liabilities | (495) | (455) |
| Net Cash Generated/(Used) From Financing Activity | 24,561 | 3,162 |
| Net Increase/(Decrease) Of Cash & Cash Equivalents (A+B+C) | 10,940 | 153 |
| Cash & Cash Equivalents As At Beginning of the year | 5,376 | 3,586 |
| Cash & Cash Equivalents As At the End of the Period | 16,316 | 3,739 |
| 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 19, 2025 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, 2025 as recommended by Board of Directors of the Company at its meeting held on May 16, 2025. Accordingly, the dividend amount has been paid to the shareholders in August 2025. | ||||||
| 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, 2025 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 | 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 | During the previous year ended March 31, 2025 the Company had reviewed, assessed and written off the Loan Origination System (LOS) software, classified under intangible assets, with a carrying value of ₹ 1,306 lakh as at reporting date and in accordance with Ind AS 1 – Presentation of Financial Statements, the carrying value of the asset had been charged to the Statement of Profit and Loss as an exceptional item, considering the nature, frequency and materiality of the transaction. | ||||||
| 12 | 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, 2025 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 13, 2025. The Statutory Auditors have expressed an unqualified review conclusion. | ||||||
| 13 | The figures for the previous periods / year have been regrouped / reclassified wherever necessary in order to make them comparable with figures for the quarter and half year ended September 30, 2025. | ||||||
| For and on behalf of the Board | |||||||
| Sachindra Salvi | |||||||
| Managing Director & CEO | |||||||
| DIN : 10930663 | |||||||
| Place : Mumbai | |||||||
| Date : November 13, 2025 | |||||||
| Annexure - I of Consolidated Financial Results | |||||||
|---|---|---|---|---|---|---|---|
| Sr. No. | Ratio | Quarter Ended | Half Year Ended | Year Ended | |||
| 30-09-2025 | 30-06-2025 | 30-09-2024 | 30-09-2025 | 30-09-2024 | 31-03-2025 | ||
| (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Reviewed) | (Audited) | ||
| a | Debt- Equity Ratio (in times) | 4.50 | 4.40 | 4.60 | 4.50 | 4.60 | 4.44 |
| 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 | Net worth (₹ in Lakh) | 1,99,817 | 1,97,243 | 1,88,055 | 1,99,817 | 1,88,055 | 1,96,484 |
| g | Net Profit after tax (₹ in Lakh) | 5,003 | 742 | 3,652 | 5,745 | 7,551 | 16,042 |
| h | Earning per share (not annualised) | ||||||
| 1. Basic | 9.29 | 1.38 | 6.78 | 10.67 | 14.02 | 29.79 | |
| 2. Diluted | 9.29 | 1.38 | 6.78 | 10.67 | 14.02 | 29.79 | |
| 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 (Not annualised) | 0.02% | 0.55% | - | 0.57% | - | 0.06% |
| l* | Current Liability Ratio | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable |
| m | Total debts to total assets (%) | 81.20% | 80.85% | 81.47% | 81.20% | 81.47% | 80.99% |
| 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 (%) | 18.41% | 2.80% | 13.74% | 10.69% | 13.91% | 14.73% |
| r | Sector specific equivalents ratios, as applicable | ||||||
| i. Stage 3 Ratio (%) | 4.52% | 4.74% | 3.78% | 4.52% | 3.78% | 3.03% | |
| ii. Provision Coverage Ratio (%) | 57.04% | 56.01% | 36.69% | 57.04% | 36.69% | 36.07% | |
| Formula for Computation of ratios are as follows: | |||||||
| a | Debt equity ratio = (Debt Securities + Borrowings [Other than Debt Securities]) / Networth | ||||||
| f | Networth = Equity Share Capital + Other Equity | ||||||
| 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 since it is engaged in financing activities. | ||||||