Sahara Housing Fina FY26 Results: Net profit falls 47% to ₹34.4 lakh
- Net profit fell 47% YoY to ₹34.39 lakh from ₹64.84 lakh in FY25
- Gross income declined 16.9% to ₹716.83 lakh amid lower disbursements
- Gross NPAs rose to ₹542.24 lakh from ₹520.90 lakh in previous year
- Capital adequacy ratio improved to 136.01% from 127.87%
- No dividend declared; RBI imposed ₹50,000 penalty for KYC lapse
*this image is generated using AI for illustrative purposes only.
Sahara Housing Fina Corporation reported a 47% decline in net profit for the financial year ended March 31, 2026, driven by lower interest income and rising non-performing assets.
The Kolkata-based housing finance company posted a profit after tax (PAT) of ₹34.39 lakh for FY26, down from ₹64.84 lakh in the previous year. Gross income contracted to ₹716.83 lakh from ₹862.84 lakh, reflecting a slowdown in loan disbursements and overall portfolio growth.
Financial Performance
The company’s total assets under management (AUM) stood at ₹6,139.68 lakh as of March 31, 2026, a decrease from ₹6,808.82 lakh a year earlier. Loan disbursements during the year were ₹732.97 lakh, compared to ₹979.51 lakh in FY25.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Gross Income | ₹716.83 lakh | ₹862.84 lakh | -16.9% |
| Profit Before Tax | ₹39.72 lakh | ₹80.03 lakh | -50.4% |
| Net Profit After Tax | ₹34.39 lakh | ₹64.84 lakh | -47.0% |
| AUM | ₹6,139.68 lakh | ₹6,808.82 lakh | -9.8% |
Interest income from housing and other loans dropped to ₹642.69 lakh from ₹753.15 lakh. Finance costs also decreased significantly to ₹162.10 lakh from ₹266.83 lakh, primarily due to the partial redemption of secured non-convertible debentures (NCDs).
Asset Quality and Capital
Gross non-performing assets (GNPA) on the housing loan portfolio rose to ₹542.24 lakh from ₹520.90 lakh. The company’s capital adequacy ratio (CAR) improved to 136.01%, well above the regulatory minimum of 15%, up from 127.87% in FY25.
What the Numbers Show
The divergence between declining gross income and rising asset quality concerns highlights operational pressure. While finance costs fell sharply due to debt reduction, the inability to offset this with new loan growth resulted in compressed margins. The spread on loans over cost of borrowings expanded to 6.54% from 5.79%, yet absolute profitability declined due to the shrinking asset base.
Governance and Compliance
The Board of Directors decided against declaring a dividend for FY26, opting to retain earnings to plough back into the lending business. The company received a penalty of ₹50,000 from the Reserve Bank of India for non-compliance with Know Your Customer (KYC) directions regarding the upload of loan account details to the Central KYC Records Registry.
The 35th Annual General Meeting is scheduled for September 28, 2026, via video conference. Shri Awdhesh Kumar Srivastava retires by rotation and is eligible for reappointment.
Historical Stock Returns for Sahara Housing Fina Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.22% | +1.66% | -2.40% | +7.67% | +3.64% | -19.25% |
What specific strategies will Sahara Housing Fina implement to reverse the decline in loan disbursements and stimulate portfolio growth in FY27?
How might the rising Gross NPA trend impact the company's future provisioning requirements and overall profitability despite the improved Capital Adequacy Ratio?
Will the decision to retain earnings instead of declaring a dividend signal a shift in capital allocation priorities towards aggressive lending or risk mitigation?
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