GIC Housing Finance has proactively repaid a ₹150 crore Commercial Paper ahead of its scheduled maturity date in May 2026. The early repayment was made to the designated holders and relevant regulatory bodies for transparency purposes.
GIC Housing Finance Limited
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GIC Housing Finance has seen a significant increase in loan sanctions by 32% to ₹2,527 Crore and disbursements up by 29% to ₹2,299 Crore. However, the company's Profit After Tax (PAT) decreased by 4% to ₹154 Crore, accompanied by a rise in gross non-performing assets by 31%. The loan portfolio has grown by 7% to ₹11,235 Crore.
GIC Housing Finance announces a dividend of INR 4.5 per share for the year, to be distributed on September 3, 2026. Shareholders must hold their shares by June 26, 2026, to be eligible for this payment, with the ex-dividend date being June 25, 2026.
GIC Housing's Q4 profits for FY26 have increased by 52.5% compared to the previous year, reaching ₹53.68 crore. However, the stock is currently 26.2% below its 52-week high, underperforming the sector significantly by 50.4%.
GIC Housing Finance announces a dividend of ₹4.50 per share for the upcoming financial year, while also planning to raise ₹2,500 crores through Non-Convertible Debentures (NCDs). Additionally, they have made key management appointments, signaling continued growth and strategic initiatives.
GIC Housing Finance has reported a decrease in its Q4 Stage 3 ratio, moving from 4.24% to 3.96%, indicating an improvement in the company's loan loss provision reserves compared to the previous quarter.
GIC Housing Finance successfully repaid a ₹125 crore Commercial Paper (CP) on its due date (April 30, 2026). The company demonstrates commitment to meeting financial obligations by completing the repayment on schedule.
GIC Housing Finance has seen a shift towards higher valuations, potentially making it less appealing for investors. Concerns about its performance compared to the market and peers could dampen investor interest.
GIC Housing Finance has appointed Paba Koshy as the new Head of Operations, effective from April 9, 2026. Ms. Koshy brings over two decades of experience as a Chartered Accountant, having previously worked at United India Insurance.