Financial Performance Highlights

GIC Housing Finance Limited reported standalone financial results for FY 2025-26 showing a 3.5% decline in net profit to ₹154.49 crore (₹15,449 lakh) compared to ₹160.17 crore in FY25. Total income stood at ₹1,083.22 crore (₹1,08,322 lakh), marginally lower than the previous year's ₹1,088.88 crore. The company maintained a strong capital adequacy ratio of 33.94% (CRAR) with Tier I capital at 32.78% and Tier II at 1.13%.

Business Operations and Portfolio

The retail loan portfolio grew to ₹11,231.85 crore (₹11,58,324 lakh gross) with increased Expected Credit Loss (ECL) provisions of ₹40.698 crore. Gross NPA stood at 3.84% (₹44,530 lakh) while net NPA was 1.61% (₹17,653 lakh) with provision coverage of 60.36%. The company expanded its branch network to 84 branches and maintained 640 employees (515 permanent, 125 contract). New loans approved during the year amounted to ₹2,526.64 crore with disbursements of ₹2,299.38 crore.

Dividend and Corporate Actions

The Board recommended a final dividend of ₹4.50 per equity share (45%) for FY26, subject to shareholder approval at the 36th Annual General Meeting scheduled for August 4, 2026. The dividend payment date is set for on/after August 10, 2026, with a cut-off date of June 26, 2026. The company also sought shareholder approval for reappointment of directors (Hitesh Joshi, Rajeshwari Singh Muni, and Sunil Kakar) and authorization for private placement of NCDs/Bonds up to an aggregate outstanding limit of ₹2,500 crore.

Regulatory Compliance and Governance

The company submitted its Annual Report for FY 2025-26 in compliance with SEBI Listing Regulations (Regulation 34 and 53(2)). Auditors Gokhale & Sathe Chartered Accountants issued an unqualified opinion on both standalone and consolidated financial statements, confirming compliance with Indian Accounting Standards (Ind AS) and Companies Act, 2013. Key audit matters focused on Expected Credit Loss model validation, with internal financial controls found adequate and effective. The company maintained CRISIL and ICRA ratings of AA+ (Stable) for long-term instruments and A1+ for short-term instruments.

Corporate Social Responsibility and Subsidiary

CSR obligation for FY26 was ₹475.58 lakh (2% of average net profit) with actual spending of ₹325.83 lakh on medical equipment, cardiac ambulance, RO plants, and other community initiatives. The wholly-owned subsidiary GICHFL Financial Services Private Limited (incorporated January 27, 2021) was not classified as material subsidiary, with consolidated financial statements included in the annual report.

Shareholding and Capital Structure

Paid-up capital remained unchanged at ₹53.85 crore (5,385,1066 equity shares of ₹10 each) with 99.67% dematerialized. Promoter holding stood at 42.41% distributed among General Insurance Corporation of India (15.26%), The New India Assurance (8.65%), United India Insurance (7.35%), National Insurance (5.63%), and Oriental Insurance (5.52%). Public holding accounted for the remaining 57.59%.

Key Dates and Forward Outlook

36th AGM: August 4, 2026 (Tuesday) at 11:30 AM via Video Conference

Remote E-voting: July 31, 2026 (9:00 AM) to August 3, 2026 (5:00 PM)

Dividend Payment: On/after August 10, 2026

Financial Calendar for FY2026-27: Q1 Results by mid-August 2026, Q2 by mid-November 2026, Q3 by mid-February 2027, Annual Results by end-May 2027, and AGM by end-September 2027.