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GIC Housing Finance Allots NCDs Worth Rs 150 Crore at 7.59% Interest
GIC Housing Finance Limited has successfully allotted 15,000 Non-Convertible Debentures (NCDs) on a private placement basis to raise Rs 150 crore. The NCDs, issued at a face value of Rs 1,00,000 each, carry a fixed interest rate of 7.59% per annum. Major institutional participants in this allotment include ICICI Bank and Reliance General Insurance Company Ltd. This capital infusion is intended to strengthen the company's liquidity position and support its ongoing lending activities.
Key Highlights
Allotment of 15,000 NCDs with a face value of Rs 1,00,000 each totaling Rs 150 crore
Fixed interest rate set at 7.59% per annum for the Series 11 debentures
Key allottees include ICICI Bank and Reliance General Insurance Company Ltd
The NCDs are proposed to be listed on the BSE Limited for secondary market trading
Fundraise conducted under the authority granted by the Board on May 16, 2025
💼 Action for Investors
Investors should view this as a routine but positive liquidity-enhancing move that supports the company's growth in the housing finance sector. Monitor the company's ability to maintain healthy net interest margins given the 7.59% cost of these funds.
GIC Housing Finance to Raise Rs 150 Crore via NCDs at 7.59% Coupon
GIC Housing Finance Limited has announced a private placement of Secured Non-Convertible Debentures (NCDs) worth Rs 150 crore. The NCDs, designated as Series 11 for 2025-26, carry a fixed coupon rate of 7.59% per annum with a tenure of 470 days. The issue has received strong credit ratings of 'AA+/Stable' from both CRISIL and ICRA, reflecting high safety. The funds are likely intended for the company's routine lending operations and liquidity management.
Key Highlights
Issue size of Rs 150 crore consisting of 15,000 NCDs with a face value of Rs 1,00,000 each
Fixed coupon rate of 7.59% p.a. with interest payments scheduled for June 2026 and June 2027
Instruments rated 'CRISIL AA+/Stable' and 'ICRA AA+/Stable' indicating low credit risk
Tenure of 470 days with a deemed allotment date of February 25, 2026, and maturity on June 10, 2027
The NCDs will be secured by a first ranking exclusive charge on hypothecated assets
💼 Action for Investors
This is a routine fundraise for a housing finance company and confirms its ability to access debt markets at competitive rates. Investors should monitor the company's cost of funds and NIMs in upcoming quarterly results.
GIC Housing Finance 9M FY26 PAT Drops 19% to ₹101 Cr Despite 27% Disbursement Growth
GIC Housing Finance reported a 19% YoY decline in Profit After Tax (PAT) to ₹101 crore for the nine months ended December 31, 2025. While the company saw strong operational momentum with disbursements rising 27% to ₹1,613 crore, the bottom line was significantly impacted by a 204% surge in NPA provisions. Asset quality remains a concern as Gross NPA rose to 4.24% from 3.47%, although Net Interest Margins (NIM) saw a slight improvement to 3.36%.
Key Highlights
Profit After Tax (PAT) fell 19% YoY to ₹101 crore from ₹125 crore in the previous year.
Disbursements and Sanctions grew robustly by 27% and 28% respectively.
Provision for NPA and others surged by 204% to ₹73 crore from ₹24 crore.
Gross NPA increased to 4.24% compared to 3.47% YoY, while Net NPA improved to 1.80% from 2.22%.
Cost to Income Ratio deteriorated sharply to 67.19% from 46.81% YoY.
💼 Action for Investors
Investors should exercise caution as the sharp rise in Gross NPAs and provisioning costs is offsetting healthy loan growth. Monitor the company's asset quality trends and rising cost-to-income ratio in the next few quarters.
GIC Housing Finance Q3 Net Profit Drops 12% to ₹43.6 Cr; Asset Quality Weakens
GIC Housing Finance reported a 12.1% year-on-year decline in standalone net profit to ₹43.61 crore for the quarter ended December 31, 2025. While total revenue from operations saw a marginal increase to ₹272.63 crore, higher operating expenses and employee benefits weighed on the bottom line. Asset quality showed signs of stress as the Stage 3 Ratio (Gross NPA) rose to 4.24% compared to 3.47% in the previous year. However, the company has significantly strengthened its Provision Coverage Ratio to 58.63% from 36.80% a year ago.
Key Highlights
Net Profit for Q3 FY26 decreased by 12.1% YoY to ₹43.61 crore from ₹49.64 crore.
Stage 3 Ratio (Gross NPA) deteriorated to 4.24% from 3.47% in the same period last year.
Provision Coverage Ratio (PCR) improved substantially to 58.63% compared to 36.80% YoY.
Total Revenue from operations grew slightly by 1.25% YoY to ₹272.63 crore.
9M FY26 Net Profit stands at ₹100.91 crore, down 19.3% from ₹125.08 crore in 9M FY25.
💼 Action for Investors
Investors should exercise caution as the rising Stage 3 assets and declining profitability indicate operational headwinds. Monitor the company's ability to manage credit costs and stabilize asset quality in the upcoming quarters.
GIC Housing Finance Q3 PAT Drops 12% YoY to ₹43.6 Cr; Asset Quality Weakens
GIC Housing Finance reported a 12.1% year-on-year decline in standalone net profit to ₹4,361 Lakh for the quarter ended December 31, 2025. While total revenue from operations remained relatively flat at ₹27,263 Lakh, profitability was impacted by higher employee expenses and a shift in ECL calculation methodology. Asset quality showed signs of stress with the Stage 3 ratio rising to 4.24% compared to 3.47% in the previous year. However, the company significantly strengthened its Provision Coverage Ratio to 58.63% from 36.80% a year ago.
Key Highlights
Standalone Net Profit fell 12.1% YoY to ₹4,361 Lakh from ₹4,964 Lakh in the same quarter last year.
Stage 3 Ratio (Gross NPAs) increased to 4.24% from 3.47% YoY, indicating deteriorating asset quality.
Provision Coverage Ratio (PCR) improved substantially to 58.63% from 36.80% YoY due to modified ECL calculations.
Total Revenue from operations grew marginally by 1.25% YoY to ₹27,263 Lakh.
9-month PAT declined 19.3% YoY to ₹10,091 Lakh, largely impacted by a one-time provisioning increase earlier in the fiscal year.
💼 Action for Investors
Investors should exercise caution as the rising Stage 3 assets and declining net profit margins suggest operational headwinds. While the higher provision coverage provides a buffer, the trend in asset quality needs to be monitored closely in upcoming quarters.
GIC Housing Finance H1 FY26: 20% Disbursement Growth; GNPA Increases to 4.52%
GIC Housing Finance reported a 20% year-on-year growth in disbursements for H1 FY26, reaching ₹1,023 crore, with a significant 54% sequential jump in Q2. However, Profit After Tax for the half-year declined by 24% to ₹57 crore compared to the previous year. Asset quality saw some pressure as Gross NPA increased to 4.52% in September 2025 from 3.03% in March 2025, primarily due to the merger of the Assets Held for Sale portfolio. The company expanded its footprint by activating 12 new branches in key urban centers and saw its average ticket size rise to ₹31.50 lakhs.
Key Highlights
Disbursements grew 20% YoY to ₹1,023 Cr in H1 FY26, with Q2 FY26 seeing a 54% QoQ surge to ₹620 Cr.
Gross NPA increased to 4.52% (₹491 Cr) in Sep 2025 from 3.03% in Mar 2025, impacted by AHS portfolio merger.
Net Interest Margin (NIM) improved to 3.32% in H1 FY26 from 3.17% in H1 FY25.
Average loan ticket size increased to ₹31.50 Lakhs in H1 FY26 from ₹27.50 Lakhs in FY25.
Profit After Tax (PAT) for H1 FY26 stood at ₹57 Cr, a 24% decline from ₹75 Cr in H1 FY25.
💼 Action for Investors
Investors should monitor the recovery in asset quality following the AHS portfolio merger and whether the strong disbursement momentum translates into bottom-line growth in coming quarters.