India Shelter Finance Q2 FY26: Revenue up 31% YoY

Key update at a glance

India Shelter Finance Corporation Limited announced quarterly results on 04 November 2025, reporting higher year-on-year revenue and profit in its consolidated Q2 FY26 numbers. Total revenue from operations came in at ₹369.21 crore, up 30.7% YoY and 2.2% QoQ. Profit after tax (PAT) was ₹122.04 crore, up 35.5% YoY and 2.1% QoQ. The company operates as a single business segment focused on housing finance in India.

What the company reported for Q2 FY26

The consolidated Q2 FY26 performance showed an increase in earnings alongside margins that were disclosed using an EBITDA approximation. Basic EPS (not annualised) stood at ₹11.29 versus ₹8.40 in Q2 FY25. The company also reported an approximated EBITDA of ₹270.91 crore and indicated an EBITDA margin of about 73.4% on total revenue. Net profit margin was stated at about 33.1%.

Balance sheet position and asset quality metrics

On the balance sheet, consolidated total assets were reported at ₹8,580.33 crore as at 30 September 2025, up 10.7% compared with 31 March 2025. Loans stood at ₹7,633.99 crore, up 11.3% over the same period. Borrowings (excluding debt securities) were ₹5,448.55 crore, up 10.8%, while debt securities were ₹43.68 crore and were described as down slightly. Net worth was ₹2,915.27 crore, up 7.7%, and the debt-equity ratio was reported at 1.88x.

Asset quality indicators were provided as Gross NPA ratio of 1.25% and Net NPA ratio of 0.94%. In a separate performance update for end-March, the lender also said gross non-performing assets improved to 1% from 1.1% a year ago.

Cash flows and investment activity in H1 FY26

For H1 FY26, consolidated net cash used in operating activities was ₹(477.15) crore, improved from ₹(614.08) crore in H1 FY25. Net cash used in investing activities was ₹(178.81) crore versus ₹(46.64) crore a year earlier. Net cash from financing activities was ₹480.18 crore, down from ₹596.18 crore.

In capital allocation, capex in H1 FY26 was ₹7.62 crore versus ₹4.13 crore in H1 FY25. Investments purchased were ₹3,139.90 crore and sales or redemptions were ₹2,995.46 crore in H1 FY26. Cash and cash equivalents at period end were ₹6.18 crore.

Other quarterly figures cited in the source

The provided data also included a set of standalone-style operational profit lines in ₹ crore: revenue at ₹361.22 crore (QoQ +10.37% from ₹327.29 crore; YoY +43.60%), operating profit at ₹106.55 crore (QoQ +4.75% from ₹101.72 crore; YoY +24.17%), PBDT at ₹38.57 crore (QoQ +11.96% from ₹34.45 crore; YoY +40.97%), profit before tax at ₹155.24 crore (QoQ +11.20% from ₹139.60 crore; YoY +43.65%), and net profit at ₹119.45 crore (QoQ +10.47% from ₹108.13 crore; YoY +43.00%). Separately, the company was also described as having reported a net profit of ₹124 in Q3 FY25-26.

Trend in reported quarterly results (Mar’24 to Mar’25)

The quarterly table shared in the source shows a steady rise in net sales or income from operations from March 2024 to March 2025, along with increasing net profit.

FY25 business update: AUM, branches, margins

In an FY25 update, the mortgage lender said assets under management rose to ₹6,084 crore at the end of March, and that it operated through 223 branches in 15 states. Another FY25 summary stated the company added 43 new branches during FY25, taking total branches to 266 as of FY25.

The same FY25 summary reported AUM of ₹8,189 crore (up 35% YoY) supported by disbursements of ₹933 crore (up 25% YoY). It also stated PAT of ₹108 crore for the quarter with 39% YoY growth, RoA at 5.8%, and RoE at 16.3% for the first time post the IPO in Dec’23. The company said cost of funds reduced by 10 bps to 8.7% and spreads improved to 6.2%.

Dividend, board decisions, and upcoming earnings date

For shareholder payouts, India Shelter Finance Corporation Ltd. has declared a dividend of ₹5.00 on 04 Jul, 2025, as cited in the source. In a board update dated May 9, 2025, the company said its Board recommended a final dividend of ₹5 per equity share (100%) of face value ₹5 each for FY 2024-25, subject to shareholder approval at the ensuing AGM.

The same board update also noted approval of an Employee Stock Option Plan for eligible employees, re-appointment of Rupinder Singh as MD and CEO for five more years, and appointment of Jitender Singh as Secretarial Auditor for five years. Separately, the upcoming earnings date for the company was listed as 7th Feb, 2026.

Stock snapshot and listing context

The stock identifiers provided were NSE: INDIASHLTR and BSE: 544044. A market snapshot in the source showed a price of 918.20, down 14.80 (1.59%), and indicated a 51.27% gain from the 52-week low (timestamp shown as NSE Live Jul 18, 15:49).

Key numbers table

Why these results matter for investors

The data points highlight a period of growth in revenue and profit, alongside disclosures on borrowing levels, asset quality and capital allocation. The balance sheet numbers show loan growth and higher total assets between March and September 2025, with a reported debt-equity ratio of 1.88x. Asset quality metrics were reported in the low single digits, with Gross NPA at 1.25% and Net NPA at 0.94%.

For investors tracking housing finance companies, the combination of reported growth, branch expansion numbers cited for FY25, and dividend actions are the key factual takeaways in the source. The next hard event on the calendar, as listed, is the upcoming earnings date of 7 Feb 2026.

Conclusion

India Shelter Finance’s Q2 FY26 results reported ₹369.21 crore in revenue from operations and ₹122.04 crore in PAT, alongside a stated Gross NPA ratio of 1.25% and Net NPA ratio of 0.94%. The company also has a ₹5 per share final dividend recommendation for FY25 (and a ₹5 dividend declaration dated 04 Jul 2025 in the source). The next listed milestone is the upcoming earnings date on 7 Feb 2026.