India Home Loan Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, along with key board decisions regarding leadership and capital structure. The housing finance company reported mixed performance with revenue remaining stable but profitability declining compared to the previous year.

Financial Performance Overview

The company's financial performance for Q3FY26 showed revenue from operations of ₹331.45 lakhs, marginally higher than ₹330.97 lakhs in the corresponding quarter of the previous year. However, net profit after tax declined significantly to ₹0.86 lakhs from ₹7.96 lakhs in Q3FY24.

For the nine months ended December 31, 2025, the company reported total income of ₹1,110.00 lakhs compared to ₹994.81 lakhs in the corresponding period of the previous year, representing an increase of 11.58%. Net profit for the nine-month period stood at ₹9.24 lakhs compared to ₹27.04 lakhs in the previous year.

Expense Analysis and Operational Metrics

The company's expense structure showed mixed trends across different categories. Finance costs decreased to ₹180.33 lakhs in Q3FY26 from ₹190.88 lakhs in Q3FY24, while employee benefit expenses increased to ₹81.83 lakhs from ₹70.35 lakhs. Other expenses rose significantly to ₹50.95 lakhs from ₹42.86 lakhs in the corresponding quarter of the previous year.

The company's Assets under Management showed positive growth, increasing to ₹4,893 lakhs as of December 31, 2025, from ₹4,548 lakhs in the previous quarter ended September 30, 2025.

Board Decisions and Corporate Governance

The Board of Directors approved several significant decisions during their meeting held on January 30, 2026. The most notable decision was the continuation of Mr. Mahesh Pujara as Managing Director despite reaching 70 years of age, subject to shareholder approval.

Additionally, the Board approved a proposal to increase the authorized share capital from ₹25,00,00,000 to ₹50,00,00,000, subject to shareholder approval and necessary regulatory filings.

Key Financial Ratios and Asset Quality

The company disclosed various financial ratios as required under regulatory compliance. The debt-equity ratio stood at 1.15, while the total debts to total assets ratio was 45.52%. Asset quality indicators showed Gross Non-Performing Assets at 2.71% and Net Non-Performing Assets at 1.94%.

Regulatory Compliance and Auditor Opinion

The financial results were reviewed by H K Shah & Co., Chartered Accountants, who issued a limited review report with unqualified conclusion. The auditors noted that while the going-concern view of the company is improving, revenue needs to be further increased. The company maintains collaterals as required under the SARFESI Act to mitigate risks on financial assets.

The company confirmed compliance with various regulatory requirements including SEBI listing obligations and RBI guidelines. No loans were transferred through assignment or sale during the quarter ended December 31, 2025, and no stressed loans were acquired or transferred during this period.

India Home Loans has taken a significant step in reshaping its shareholding structure. The company has submitted an application to the Bombay Stock Exchange (BSE) for the reclassification of three promoter/promoter group shareholders from the promoter category to the public shareholder category.

Reclassification Details

The reclassification application, made under the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, affects the following individuals:

This move, if approved, will alter the company's shareholding structure and potentially impact its governance framework.

Implications of Reclassification

The reclassification of promoter shareholders to public category can have several implications:

1. Shareholding Structure: It may lead to a reduction in the overall promoter holding of the company.
2. Governance: The change could potentially affect the company's decision-making processes and control structure.
3. Market Perception: Investors and market analysts may view this change as a significant shift in the company's ownership dynamics.

Regulatory Process

The application for reclassification is subject to approval from the BSE and must comply with SEBI's LODR Regulations. These regulations are designed to ensure transparency and protect the interests of all shareholders.

It's important to note that the specific shareholding details of the individuals seeking reclassification were not provided in the available information. Investors and stakeholders of India Home Loans should keep a close watch on further announcements regarding this reclassification, as it may have implications for the company's future governance and market perception.