GIC Housing Finance Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

GIC Housing Finance has announced a board meeting where it approved the consolidated financial results for the first quarter ended June 30, 2025. The company posted a net profit of ₹7.42 crore, a significant drop from previous quarters. This was primarily due to a substantial increase in impairment provisions for financial instruments, including a ₹54.16 crore increase from a modified Expected Credit Loss (ECL) calculation and a ₹27.31 crore reclassification increase from repossessed properties. Total income for the quarter stood at ₹265.44 crore, with Earnings per share at ₹1.38.