Sahara Housing Fina Corporation has reduced the outstanding principal on its privately placed Unlisted Secured Non-Convertible Debentures (NCDs) to Rs 12 crore. The reduction follows the timely payment of partial redemptions totaling Rs 18 crore, executed in two equal installments as per the terms of the Information Memorandum (IM). The company continues to service the debt by paying interest at 7% per annum annually.

Debt Repayment Details

The company originally placed 30 NCDs at Rs 1 crore each, aggregating to Rs 30 crore, on 31 March 2017. These debentures were placed with a single entity and are monitored by M/s Catalyst Trusteeship Limited. No fresh Non-Convertible Securities have been issued by the company subsequent to this initial placement.

The outstanding balance was reduced through two redemptions of 30% each, amounting to Rs 9 crore per installment. The first payment of Rs 9 crore was made on 31 March 2025, and the second payment of Rs 9 crore was made on 31 March 2026. Consequently, 12 NCDs remain outstanding.

Financial Status of NCDs

The following table summarizes the status of the debentures:

The company has confirmed that interest payments have been made within the due date, specifically by 31 March each year, since the issue of the NCDs. These payments have been reported to the Debenture Trustee. The disclosure was submitted to the Bombay Stock Exchange in compliance with Regulation 57(5) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for the quarter ended 30 June 2026.

Sahara Housingfina Corporation Limited reported a 47% decline in net profit to ₹34.39 crore for the financial year ended March 31, 2026, down from ₹64.84 crore in the previous year, as finance costs and employee benefit expenses impacted the bottom line. Revenue from operations rose to ₹715.79 crore from ₹661.37 crore in FY25, driven by higher interest income. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026.

Financial Performance

The decline in profitability was attributed to increased operational costs. Total expenses for the year stood at ₹677.11 crore, a decrease from ₹782.81 crore in the prior year, primarily due to a significant reduction in finance costs to ₹162.10 crore from ₹266.83 crore. However, employee benefit expenses rose to ₹301.58 crore from ₹294.34 crore. Profit before tax for the year was ₹39.72 crore, compared to ₹80.03 crore in FY25.

For the quarter ended March 31, 2026, the company reported a net profit of ₹7.44 crore, a decrease from ₹20.03 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹187.23 crore, down from ₹214.36 crore in Q4FY25.

Key Financial Metrics

The following table summarizes the financial performance for the year and quarter ended March 31, 2026:

Balance Sheet and Cash Flows

Total assets as of March 31, 2026, stood at ₹6,889.84 crore, a decrease from ₹7,568.08 crore in the previous year. Housing and other loans, a key asset component, decreased to ₹5,693.27 crore from ₹6,363.07 crore. Debt securities reduced significantly to ₹1,200.00 crore from ₹2,100.00 crore, following the redemption of the second tranche of 7% Secured Non-Convertible Redeemable Debentures amounting to ₹900.00 lakh on March 30, 2026.

Net cash generated from operating activities for the year was ₹1,156.18 crore, compared to ₹2,431.12 crore in FY25. Cash and cash equivalents at the end of the year increased to ₹319.30 crore from ₹308.91 crore at the beginning of the year.

Auditor and Regulatory Compliance

The audited financial results were reviewed by the Audit Committee and approved by the Board. B. M. Chaturvedi & Co., Chartered Accountants, audited the results and issued an unmodified opinion, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS).