GIC Housing FY26 Net Profit Dips 4%

GIC Housing Finance reported a 4% YoY decline in net profit to ₹154 crore for FY26, despite 29% growth in disbursements.
Gross NPAs surged 40% to ₹445 crore, pushing the Gross NPA ratio to 3.96% from 3.03% in FY25.
The company maintained stable credit ratings of [ICRA]AA+(Stable) and CRISIL AA+ Stable on its long-term borrowings.
Total income declined marginally by 1% to ₹1,083 crore, while provisions for NPAs increased sharply by 306% to ₹69 crore.