GIC Housing Finance FY26 Profit After Tax Drops 4% to ₹154 Crore
GIC Housing Finance reported FY26 Profit After Tax of ₹154 crore, down 4% from FY25. Total income was ₹1,083 crore. Gross NPA increased 40% to ₹445 crore, with Gross NPA % at 3.96%. Net Interest Margin improved to 3.41%. Networth grew 7% to ₹2,106 crore.
The reported decrease in profit and increase in NPAs, while significant, are moderate and do not represent a severe financial distress for the company. The stable credit ratings and growth in networth provide some counterbalancing positive aspects.
The company reported a decrease in Profit After Tax and Profit Before Tax, alongside an increase in Gross NPA percentage, indicating a negative financial performance compared to the previous year.
GIC Housing Finance Limited has announced its financial highlights for the year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹154 crore, a decrease of 4% compared to ₹160 crore in the previous year. Profit Before Tax (PBT) also saw a decline of 23%, standing at ₹159 crore for FY26, down from ₹206 crore in FY25.
Total income for the year was ₹1,083 crore, a marginal decrease of 1% from ₹1,089 crore in the prior year. Interest income remained relatively stable at ₹1,063 crore, while interest expenses decreased by 2% to ₹687 crore. However, the company experienced a significant 306% increase in provisions for NPA and others, rising to ₹69 crore from ₹17 crore.
The loan portfolio grossed ₹11,235 crore, an increase of 7% from ₹10,497 crore in the previous year. The Gross NPA portfolio increased by 40% to ₹445 crore, leading to a rise in the Gross NPA percentage to 3.96% from 3.03%. Conversely, the Net NPA portfolio decreased by 13% to ₹177 crore.
The Net Interest Margin (NIM) improved by 4% to 3.41% from 3.28%. Earnings Per Share (EPS) declined by 4% to ₹28.69 from ₹29.74. The Cost to Income Ratio increased by 39% to 59.93%, and without NPA provisions, it rose by 10% to 42.64%.
The company's Networth stood at ₹2,106 crore, a 7% increase from ₹1,964 crore. The Book Value of Share also grew by 7% to ₹391.01. GIC Housing Finance's credit ratings remain strong, with ICRA and CRISIL assigning AA+ ratings for various long-term debt instruments.
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GIC Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GIC Housing Finance Limited. Read the original for the full detail.