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India Shelter Finance (NSE:INDIASHLTR): What Did Q1 FY27 Results Reveal?

India Shelter Finance (NSE:INDIASHLTR): What Did Q1 FY27 Results Reveal?

Source: Krish Capital Pty Ltd

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India Shelter Finance Corporation Limited (NSE:INDIASHLTR) disclosed its unaudited financial results for the quarter ended 30 June 2026 on 6 August 2026, after its board meeting concluded at 2:45 PM. The company reported a net profit of Rs 143.02 crore for the quarter, up from Rs 119.24 crore in Q1 FY26.

Key Highlights

  • Total revenue from operations rose to Rs 432.39 crore in Q1 FY27, compared with Rs 360.93 crore in Q1 FY26, reflecting year-on-year growth in interest and fee income.
  • Profit before tax for Q1 FY27 stood at Rs 185.18 crore, against Rs 154.96 crore in the corresponding quarter of the previous year.
  • Basic earnings per share for Q1 FY27 was Rs 13.15 (not annualised), compared with Rs 11.05 for Q1 FY26, as disclosed in the results.
  • The company allotted 96,106 equity shares to employees under its approved employee stock option plan during the quarter ended 30 June 2026.

About the Company

India Shelter Finance Corporation Limited (NSE:INDIASHLTR) is a housing finance company headquartered in Gurugram, Haryana, incorporated in 1998. It provides home loans primarily to self-employed and low-to-middle-income customers across India. The company operates in a single reportable segment, housing finance, and has listed both equity shares and non-convertible debentures on Indian exchanges.

Announcement in Detail

The board of India Shelter Finance Corporation Limited met on 6 August 2026, commencing at 1:30 PM and concluding at 2:45 PM. It approved unaudited financial results for the quarter ended 30 June 2026, accompanied by a limited review report with an unmodified opinion from statutory auditors M/s S.R. Batliboi and Associates LLP.

Total income for Q1 FY27 was Rs 432.45 crore against Rs 361.03 crore in Q1 FY26. Finance costs rose to Rs 121.12 crore from Rs 106.46 crore. Impairment on financial instruments increased to Rs 13.41 crore from Rs 10.24 crore. The company confirmed it maintained a 110% security cover on its secured listed non-convertible debentures as at 30 June 2026, backed by exclusive charge on specific loan receivables. The trading window for designated persons reopens on 9 August 2026.

Impact on Investors

Investors will note that total other equity stood at Rs 3,14,374.50 lakhs as per the balance sheet, while paid-up equity share capital was Rs 5,437.92 lakhs at a face value of Rs 5 per share. The filing shows diluted EPS for Q1 FY27 was Rs 13.06, compared with Rs 10.66 for Q1 FY26. The 96,106 shares allotted under the employee stock option plan represent a modest incremental addition to the share count, which shareholders will observe has a small dilutive effect on outstanding equity.

The disclosed terms indicate that NCD proceeds were utilised for purposes stated in their respective offer documents, with no deviation or variation reported. The security cover certificate filed alongside the results confirms compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_CRADT/CIR/P/2022/67 dated 19 May 2022, which the filing shows provides an additional layer of protection for NCD holders.

Sector / Market Context

India's housing finance sector has seen sustained demand from self-employed and informal-income borrowers, a segment targeted by smaller housing finance companies. The Reserve Bank of India issued updated directions for non-banking financial companies on financial statement presentation and disclosures on 28 November 2025, which India Shelter Finance has applied in preparing these quarterly results. The National Housing Bank regulates housing finance companies alongside RBI oversight frameworks, providing a dual-layer compliance structure for the sector.

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