GIC Housing Finance Limited — Others, 14-08-2025: Copy of Newspaper Publication

GIC Housing Finance has announced its financial results for the quarter. Standalone net profit after tax was ₹7.35 Cr, and consolidated net profit was ₹7.42 Cr, a significant decrease from the previous year. This dip primarily resulted from an increased Expected Credit Loss (ECL) provision of ₹54.16 Cr due to a change in calculation method. The reclassification of ₹168.89 Cr in repossessed properties also led to a one-time ECL increase of ₹27.31 Cr. These results were reviewed by statutory auditors and approved by the Board of Directors.