Ind Bank Housing Limited Reports Reduced Q2 Loss, Auditor Re-appointment Noted
Ind Bank Housing Limited (IBHL) reported a net loss of Rs 2.49 lakhs for Q2 FY2026, improving from Rs 8.34 lakhs loss in Q2 FY2025. Total revenue was Rs 5.87 lakhs, entirely from other income. The RBI cancelled IBHL's Certificate of Registration for housing finance business on September 22, 2023. The Board gave in-principle consent to wind up the company on November 4, 2023, subject to approvals. As of September 30, 2025, IBHL's total assets were Rs 1,949.38 lakhs, with negative equity of Rs 12,100.82 lakhs.
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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.
Historical Stock Returns for Ind Bank Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.32% | -2.05% | -0.38% | -0.90% | -21.97% | +82.25% |
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