Comprehensive Financial and Operational Overview
GIC Housing Finance Limited reported strong financial performance for FY 2025-26 with a net profit of ₹154.49 crore (₹15,449 lakh) on total income of ₹1,083.22 crore. The company declared a final dividend of ₹4.50 per share (45%), subject to shareholder approval at the 36th Annual General Meeting held virtually on August 4, 2026.
Financial Performance and Audit Assurance
The consolidated financial statements received an unmodified audit opinion from Gokhale & Sathe Chartered Accountants, confirming compliance with Indian Accounting Standards (Ind AS). Key financial highlights include:
- Loan Portfolio: ₹11,583.24 crore gross with gross NPAs at 3.84% (₹445.30 crore)
- Capital Adequacy: Strong CRAR of 33.94% (Tier-I: 32.78%, Tier-II: 1.13%)
- Profitability: Profit before tax of ₹158.77 crore, profit after tax of ₹154.49 crore
- EPS: ₹28.69 basic and diluted earnings per share
- Borrowings: Outstanding borrowings of ₹9,05,048 lakh with debt-to-equity ratio of 4.30 times
The key audit matter focused on Expected Credit Loss (ECL) provisioning of ₹40.70 crore on the loan portfolio, involving significant management judgment in probability of default, loss given default, and exposure at default calculations.
Corporate Governance and Shareholder Approvals
The 36th AGM approved several critical resolutions including:
- Adoption of audited financial statements for FY 2025-26
- Declaration of ₹4.50 per share dividend
- Re-appointment of directors including Hitesh Joshi, Rajeshwari Singh Muni, and Sunil Kakar
- Approval for material related party transactions up to ₹1,000 crores with promoter companies
- Private placement of NCDs/Bonds up to ₹2,500 crores
The company maintained full compliance with SEBI LODR regulations, corporate governance norms, and all statutory requirements. Postal ballot proceedings showed 96.92% approval for director appointments.
Operational and Strategic Highlights
- Loan Operations: Loan approvals of ₹2,526.64 crore and disbursements of ₹2,299.38 crore
- Capital Raising: Fresh NCDs aggregating ₹725 crores issued and listed during the year
- Asset Quality: Provision coverage ratio of 60.36% with 41 fraud cases reported amounting to ₹12.77 crore
- CSR Initiatives: ₹3.26 crores spent on healthcare, education, and sanitation projects
- Shareholding: Promoter holding maintained at 42.41% with 99.67% shares dematerialized
The company demonstrated robust risk management practices, maintained adequate internal financial controls, and ensured timely compliance with all regulatory requirements from RBI, SEBI, and National Housing Bank.