Ind Bank Housing Limited Reports Quarterly Loss, Sees Significant Drop in Income

Ind Bank Housing Limited (IBHL) has released its unaudited financial results for the quarter ended September 30, revealing a narrowed loss but a substantial decline in income. The company, a subsidiary of Indian Bank, continues to face challenges in its financial performance.

Financial Performance

IBHL reported a net loss of Rs. 2.49 lakhs for the quarter ended September 30. While this represents a loss, it shows an improvement compared to the previous quarter's loss of Rs. 13.40 lakhs and the corresponding quarter last year's loss of Rs. 8.34 lakhs.

However, the company's total income saw a significant drop:

Period	Total Income (Rs. lakhs)
Current Quarter	0.59
Previous Quarter	1.21
Corresponding Quarter Last Year	6.01

The dramatic fluctuation in income, particularly the sharp decline from the previous quarter, raises questions about the company's revenue streams and operational stability.

Key Financial Metrics

Paid-up Share Capital: Remained unchanged at Rs. 1,000 lakhs
Earnings Per Share (EPS): Negative Rs. 0.002 for both basic and diluted calculations

Auditor Appointment

In a separate announcement, IBHL's Board of Directors has taken note of the re-appointment of M/s A R Krishnan & Associates, Chartered Accountants, Chennai, as the company's Statutory Auditors. This appointment was made by the Comptroller and Auditor General of India as per section 139 of the Companies Act 2013.

Outlook

The consistent quarterly losses, albeit decreasing, coupled with the volatile income figures, suggest that Ind Bank Housing Limited continues to face operational challenges. The company's ability to stabilize its revenue and return to profitability will be crucial for its future prospects.

Investors and stakeholders will likely be watching closely to see how IBHL plans to address these financial challenges and improve its performance in the coming quarters.

Disclosure and Transparency

It's worth noting that IBHL has promptly disclosed these results and the auditor appointment, adhering to the regulatory requirements set by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency is crucial for maintaining investor trust during challenging financial periods.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.04%	-2.28%	-3.24%	-3.75%	-21.22%	+75.00%

Ind Bank Housing Limited (IBHL) has released its unaudited financial results for the quarter ended September 30, 2025, revealing a narrowed net loss and significant developments in its operational status.

Financial Performance

IBHL reported a net loss of Rs 2.49 lakhs for the quarter ended September 30, 2025, showing an improvement from the Rs 8.34 lakhs loss recorded in the corresponding quarter of the previous year. The company's financial performance for the quarter and half-year can be summarized as follows:

Particulars (in Rs. Lakhs)	Q2 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from Operations	0.00	0.00	0.00	0.00
Other Income	5.87	6.01	12.10	12.28
Total Revenue	5.87	6.01	12.10	12.28
Total Expenses	8.36	14.35	25.50	32.58
Net Loss	(2.49)	(8.34)	(13.40)	(20.26)

It's noteworthy that the company's total revenue came entirely from other income, with no revenue from operations reported.

Auditor Re-appointment

The Board of Directors has taken note of the re-appointment of M/s A R Krishnan & Associates, Chartered Accountants, Chennai, as the Statutory Auditors of the Company for the fiscal year 2025-26. This re-appointment was made by the Comptroller and Auditor General of India.

Operational Status

A significant development in the company's status was highlighted in the independent auditor's review report. The Reserve Bank of India (RBI) cancelled IBHL's Certificate of Registration (CoR) to carry on the business of Housing Finance on September 22, 2023. In response, the company's Board of Directors resolved on September 25, 2023, to cease carrying on the business of HFI/NBFI from that date.

Furthermore, on November 4, 2023, the Board of Directors gave in-principle consent to wind up the company, subject to shareholder and statutory approvals. This decision marks a critical juncture in the company's future operations and structure.

Financial Position

As of September 30, 2025, IBHL's financial position shows:

Particulars (in Rs. Lakhs)	As on 30.09.2025	As on 31.03.2025
Total Assets	1,949.38	862.58
Total Equity	(12,100.82)	(12,087.43)
Total Liabilities	14,050.20	12,950.01

The negative equity position indicates significant financial challenges for the company.

In conclusion, while Ind Bank Housing Limited has shown a slight improvement in its quarterly loss, the cancellation of its housing finance business registration and the Board's in-principle decision to wind up the company subject to approvals highlight the critical challenges facing the organization. Stakeholders should closely monitor further developments as the company navigates this pivotal period.