GIC Housing Finance Reports 37% Jump in Q2 Net Profit to 500 Crore Rupees

GIC Housing Finance Ltd. (GICHFL) has reported a significant increase in its net profit for the second quarter, demonstrating strong financial performance amid challenging market conditions.

Key Financial Highlights

Net Profit: GICHFL posted a net profit of 500.00 crore rupees for Q2, representing a robust 37% year-over-year increase from 365.00 crore rupees in the same quarter last year.
Revenue: The company's revenue grew to 2,700.00 crore rupees, up from 2,640.00 crore rupees in the corresponding quarter of the previous year, marking a 2.27% increase.
Asset Quality: The Stage 3 ratio, an indicator of non-performing assets, improved to 4.52% from 4.74% quarter-over-quarter, signaling better asset quality management.

Financial Performance Analysis

The company's financial results reflect a positive trend in profitability and operational efficiency. The substantial increase in net profit outpaced the growth in revenue, suggesting improved cost management and operational efficiency.

Asset Quality Improvement

The reduction in the Stage 3 ratio from 4.74% to 4.52% indicates GICHFL's strengthened ability to manage credit risk and maintain a healthier loan portfolio. This improvement in asset quality is particularly noteworthy in the current economic environment.

Market Implications

The strong financial performance, particularly the significant jump in net profit, may positively influence investor sentiment towards GICHFL. The company's ability to improve its asset quality while growing its bottom line demonstrates resilience and effective management in the housing finance sector.

Conclusion

GIC Housing Finance's Q2 results showcase a company on a growth trajectory, with substantial improvements in profitability and asset quality. As the housing finance sector continues to evolve, GICHFL's performance indicates its ability to capitalize on market opportunities while maintaining prudent risk management practices.

Investors and market watchers will likely keep a close eye on GICHFL's future quarters to see if this positive trend continues, especially in light of broader economic factors affecting the housing finance industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.06%	-3.91%	-3.71%	-9.71%	-18.14%	+57.21%

GIC Housing Finance Limited (GICHFL) has successfully raised Rs 175 crore through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The company issued 17,500 NCDs, each with a face value of Rs 1 lakh, to four institutional investors.

Key Details of the NCD Allotment

Particulars	Details
Total Amount Raised	Rs 175.00 crore
Number of NCDs	17,500
Face Value per NCD	Rs 1,00,000
Interest Rate	7.65% per annum
Debenture Series	Series 10
Allotment Date	November 06, 2025
Listing Venue	Proposed to be listed on BSE Limited

Institutional Investors

The NCDs were allotted to four institutional investors:

Royal Sundaram General Insurance Co Ltd.
UTI Asset Management Company Ltd.
Darashaw & Co Pvt. Ltd.
Reliance General Insurance Company Ltd.

Additional Information

The allotment was made based on the authority granted by the company's Board of Directors through a resolution dated May 16, 2025. The NCDs have been assigned the ISIN INE289B07123.

This move by GIC Housing Finance Limited demonstrates the company's ability to raise funds through debt instruments. The successful placement of these NCDs with reputable institutional investors may indicate confidence in the company's financial stability.

Investors and market participants should note that these NCDs are expected to be listed on the BSE Limited, which could provide liquidity to the debenture holders in the secondary market.