INDIASHLTRIndia Shelter Finance Corporation Ltd.
India Shelter Finance Corporation Q2 FY27 Results: Standalone Net Profit ₹146 Crore on Total Income of ₹450 Crore
- Earnings
- housing finance
Reviewed byRachit TripathiBlacklitt Research
India Shelter Finance Corporation (NSE: INDIASHLTR) reported standalone total income of ₹450.45 crore and net profit of ₹145.63 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. The company is a housing finance firm and reports no consolidated figures for the period.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹450.45 crore, up 22.1% YoY and 4.2% QoQ
- Net profit and EPS: ₹145.63 crore, up 19.5% YoY and 1.8% QoQ; basic EPS ₹13.36
- Finance costs: ₹128.34 crore, up 17.1% YoY and 6.0% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 450.45 | 368.95 | +22.1% | 432.45 | +4.2% | |
| Revenue from operations | 450.37 | 368.91 | +22.1% | 432.39 | +4.2% |
| Other income | 0.08 | 0.04 | +100.0% | 0.06 | +33.3% |
| 145.63 | 121.83 | +19.5% | 143.02 | +1.8% | |
| Finance costs | 128.34 | 109.63 | +17.1% | 121.12 | +6.0% |
| Depreciation | 2.89 | 3.19 | -9.4% | 3.08 | -6.2% |
| Tax expense | 42.94 | 35.96 | +19.4% | 42.16 | +1.9% |
| Net profit margin | 32.33% | 33.02% | -0.69 pp | 33.07% | -0.74 pp |
| Tax as share of profit before tax | 22.8% | 22.8% | -0.02 pp | 22.8% | +0.00 pp |
| EPS, basic (₹) | 13.36 | 11.27 | +18.5% | 13.15 | +1.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew more slowly than income. Total income rose 22.1% year on year and net profit rose 19.5%, with profit before tax up by the same 19.5% and tax at 22.8% of profit before tax in both years. Finance costs rose 17.1% YoY, from ₹109.63 crore to ₹128.34 crore, which is 28.5% of total income this quarter.
Other income is negligible. It was ₹0.08 crore against revenue from operations of ₹450.37 crore, so almost all of the income is interest and fee income from lending. Depreciation fell 9.4% YoY to ₹2.89 crore, a small line in the quarter.
The net profit margin was 32.33%, down from 33.02% a year earlier.
The filing gives no reason for the rise in finance costs or impairment charges. The statement shows impairment on financial instruments in the quarter, but the filing does not explain the movement.
Inference
The company says it held no subsidiary, associate or joint venture during the quarter, after the erstwhile subsidiary India Shelter Capital Finance Limited was voluntarily liquidated and its net proceeds were distributed to the company on 16 Mar 2026. Consolidated figures have therefore not been prepared for the period.
The company maintained 110% security cover on its secured listed non-convertible debentures as at 30 Sep 2026, and it raised ₹75.00 crore through a private placement of debentures on 30 Jul 2026, with the proceeds used for onward lending. The filing does not say what effect that issue will have on future interest costs, and it gives no reason for the rise in finance costs this quarter.
Filed with BSE on . Reference: Original filing (PDF)
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