India Shelter Finance Corporation Limited has announced that its officials will participate in a non-deal roadshow scheduled for May 26, 2026. The event is being organized by ICICI Securities and will be conducted as a physical one-on-one interaction in Mumbai. This initiative is part of the company's engagement with prospective investors.

The company stated that the discussions during the roadshow will be based on publicly available documents. An Investor Presentation has already been uploaded to the company’s website and was intimated to the stock exchanges on May 2, 2026.

The following table outlines the details of the scheduled event:

This disclosure has been made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the date of the event is subject to change due to exigencies on the part of the company or the analysts and investors involved.

India Shelter Finance Corporation Limited announced robust financial performance for both the fourth quarter and full financial year ended March 31, 2026, following a Board meeting held on May 02, 2026. The audited financial results were published in Business Standard on May 04, 2026, pursuant to Regulation 47 and 52(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company delivered strong growth across key parameters, with Q4 consolidated net profit reaching Rs 138.00 crores compared to Rs 108.00 crores in the same quarter last year, marking a 27.00% year-on-year increase. The earnings conference call transcript, filed under Regulation 30, has since been made available on the company's website.

Key Performance Highlights

The company demonstrated exceptional growth with gross Assets Under Management (AUM) reaching Rs 11,044.00 crores as of Q4FY26, representing a robust 29.00% year-on-year growth from Rs 8,535.00 crores in Q4FY25. Quarterly disbursements stood at Rs 1,040.00 crores — the first time disbursements crossed Rs 1,000 crores in a single quarter — showing an 11.00% increase from Rs 933.00 crores in the corresponding quarter last year. The following table summarises key operational and financial metrics:

Detailed Financial Results

The audited financial statements provide a comprehensive view of the company's income and profitability across standalone and consolidated bases. Total Income from Operations on a standalone basis for Q4FY26 stood at Rs 41,064.84 lakhs, compared to Rs 32,698.59 lakhs in Q4FY25, while for the full year FY26, it reached Rs 1,52,999.29 lakhs against Rs 1,16,449.92 lakhs in FY25. On a consolidated basis, Q4FY26 Total Income from Operations was Rs 40,823.09 lakhs, and for FY26 it was Rs 1,52,839.20 lakhs.

Earnings Per Share

The company reported earnings per share (EPS) of face value Rs 5.00 per share for both standalone and consolidated results. On a consolidated basis for Q4FY26, basic EPS stood at Rs 12.66 and diluted EPS at Rs 12.31 (not annualised). For the full year FY26, consolidated basic EPS was Rs 46.46 and diluted EPS was Rs 44.96. Standalone EPS figures for Q4FY26 were Rs 12.89 (basic) and Rs 12.53 (diluted), with full-year FY26 standalone basic EPS at Rs 46.63 and diluted EPS at Rs 45.13.

*EPS for quarter not annualised.

Asset Quality Enhancement

The company demonstrated significant improvement in asset quality metrics during the fourth quarter. The gross Stage 3 ratio improved to 1.20% compared to 1.50% in the previous quarter, while the net Stage 3 ratio declined to 0.90%, reflecting enhanced portfolio management and collection efficiency. Additionally, the 30+ Days Past Due (DPD) metric improved by 100 basis points quarter-on-quarter to 4.00%. Management noted that SARFAESI actions initiated following NPA build-up in earlier quarters contributed organically to Stage-3 resolution, with the mortgage product's legal framework supporting recoveries. The company also applied a management overlay of an additional 2% provision on Stage-2 assets in Q4, impacting credit cost by Rs 5 crores, resulting in a credit cost of 30 basis points for the quarter and 50 basis points for the full year.

Profitability and Operational Efficiency

For the full financial year FY26, the company reported exceptional growth with profit after tax increasing by 33.00% to Rs 503.00 crores from Rs 378.00 crores in the previous year. The company maintained healthy spreads at 6.60% for Q4FY26, while operational expenses as a percentage of gross AUM improved to 3.90% from 4.10% in Q4FY25. The cost of funds improved by 10 basis points quarter-on-quarter and 50 basis points year-on-year to 8.20%, with the marginal cost of funds in Q4 at 7.90%. Net interest income for the quarter grew 31% year-on-year, supported by strong AUM growth and improved spreads. The year-on-year growth in OPEX was 26%, lower than total AUM growth, resulting in better cost ratios. Cost to income for the quarter and year stood at 36%, down approximately 100 basis points year-on-year. The company expects an annual OPEX to AUM decrease of 15 to 20 basis points going forward. BT-out for the year declined to 4.50%, down approximately 80 basis points year-on-year, aided by a data-driven customer engagement strategy and a centralised retention unit.

Balance Sheet Strength and Dividend Declaration

The company's financial position strengthened significantly with net worth growing to Rs 3,19,812.46 lakhs as of March 31, 2026. The debt-equity ratio stood at 1.95 for Q4FY26, with outstanding debt at Rs 6,24,603.69 lakhs. The company maintains liquidity of more than Rs 600 crores and undrawn sanctions of Rs 1,400 crores, with ALM positive across all buckets. The Board recommended a final dividend of Rs 10.00 per equity share, representing 200.00% of the face value of Rs 5.00, subject to shareholder approval at the Annual General Meeting. The company's borrowing profile remains diversified with more than 30 counterparties, a share of NHB funding stable at 15%, and an average borrowing tenure of more than 8 years. The company plans to boost leverage to 4 to 4.5 times before considering further fundraising options such as a QIP.

Management Commentary from Earnings Conference Call

Managing Director and CEO Rupinder Singh, speaking on the Q4FY26 earnings conference call hosted by ICICI Securities on May 04, 2026, highlighted the broader macroeconomic environment as a key consideration. He noted that global geopolitical tensions, supply chain disruptions, uneven monsoon patterns in rural and semi-urban markets, and LPG supply disruptions created short-term operating challenges, while India's domestic consumption and infrastructure-led growth continued to support long-term housing demand. CFO Ashish Gupta noted that the portfolio yield stood at 14.80%, down 10 basis points year-on-year, while the disbursement yield in Q4 was 14.60%. He also noted that Rs 378 crores was drawn from the National Housing Bank in Q4 at 7.50%, with a balance of more than Rs 300 crores available for drawdown in Q1.

On the interest rate risk front, the percentage of fixed-rate portfolio funded by variable rate liabilities was brought down from approximately 33% in March 2024 to approximately 8%, with a target to reduce it further to approximately 5% by FY27. Regarding the AUM composition, approximately 15% of AUM is variable rate, approximately 37% is semi-variable (fixed for initial three years, variable subsequently), and approximately 48% is fully fixed rate. Of the fixed rate book, approximately 25% is funded through equity, approximately 17% through fixed rate borrowings, and approximately 7% to 8% through variable rate liabilities. On the loan book mix, home loans account for 56% to 57% of disbursements, with the remainder in LAP. Approximately 98% of the LAP book is backed by self-occupied residential property (SORP). The company's Priority Sector Lending (PBC) compliance stands at 64%, above the regulatory threshold of 60%.

Strategic Outlook and Growth Targets

India Shelter Finance has outlined ambitious medium-term growth goals anchored by disciplined expansion and portfolio management. The company anticipates over 20% disbursement growth this year, with more potential in favourable conditions, and targets loan growth of 25% to 30% over three years. The average loan size is anticipated to rise to 10.5 lakhs. The company is also aiming to lower its fixed rate portfolio funded by variable rate liabilities to 5% by FY27, while maintaining spreads above 6% and credit costs between 40 basis points to 50 basis points. Co-lending is not part of the current growth strategy and will be tested further; the existing co-lending book stands at approximately Rs 450 to Rs 460 crores, representing approximately 4% of the total book. The LAP and Home Loan disbursement ratio is expected to stay steady in FY27, with home loans accounting for 56% to 57%. The company added 41 branches during FY26, in line with its strategy, bringing the total network to 307 branches across 15 states. Digital disbursements have scaled to Rs 20 crores to Rs 30 crores, up from single-digit figures about a year and a half ago.

Looking further ahead, the company has set a target of ₹30,000 crores AUM by 2030, requiring a CAGR of approximately 27% to 28%. To support this trajectory, India Shelter Finance plans to add 40 to 45 new branches each year, with the network expected to reach up to 500 branches by 2030. Rupinder Singh highlighted that the Rajasthan concentration, currently at approximately 30% of AUM, is expected to ease to approximately 25% to 26% over five years as other geographies, particularly southern states and Uttar Pradesh, scale up their contributions.

Earnings Conference Call Access

The company has made available the audio recording and transcript of the earnings conference call held on the audited financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Transcripts of the conference call are available on the company's website.