GIC Housing Finance's Q4 results show a 34.50% year-over-year decline in net profit to ₹351.00 million. However, revenue increased by 3.80% to ₹2.70 billion. The company's asset quality improved with Stage 3 assets decreasing to 3.03% from 3.47%. A dividend of ₹4.50 per equity share has been recommended.
26Mar 25
GIC Housing Finance to Consider Q4 Results and ₹2,500 Crore Fund Raising on May 16
GIC Housing Finance Ltd. (GICHFL) has scheduled a board meeting for May 16, 2025, to discuss Q4 and FY 2024-25 financial results, potential dividend recommendations, and a significant fund-raising proposal. The company is considering raising up to ₹2,500 crore through Non-Convertible Debentures on a private placement basis. GICHFL has closed its trading window for insiders from March 28 to May 18, 2025, in compliance with SEBI regulations.