GIC Housing Finance Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- GIC Housing Finance Ltd reported a 1.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 2.8%.
- Its expenses for the quarter were down by 0.5% QoQ and up 3.9% YoY.
- The net profit increased 36.1% QoQ and increased 39.4% YoY.
- The earnings per share (EPS) of GIC Housing Finance Ltd stood at 9.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 270.22 | 265.70 | 262.90 | 1.7% | 2.8% |
Total Expenses | 215.27 | 216.44 | 207.27 | -0.5% | 3.9% |
Profit Before Tax | 56.47 | 47.70 | 42.36 | 18.4% | 33.3% |
Tax | 6.76 | 11.18 | 6.71 | -39.5% | 0.7% |
Profit After Tax | 49.71 | 36.52 | 35.65 | 36.1% | 39.4% |
Earnings Per Share | 9.20 | 6.80 | 6.60 | 35.3% | 39.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
GIC Housing Finance Ltd is a prominent player in the Indian housing finance sector, primarily engaged in providing home loans to individuals and developers. The company is part of the General Insurance Corporation of India and offers a range of financial products tailored to meet the needs of homebuyers and real estate developers. Additionally, GIC Housing Finance Ltd focuses on offering competitive home loan products, ensuring accessibility to housing finance across the country. As a key participant in the sector, the company is influenced by macroeconomic factors such as interest rates, housing demand, and government housing policies. Specific recent developments regarding the company's strategic initiatives or market expansions are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), GIC Housing Finance Ltd reported a total income of ₹270.22 crores. This reflects a quarter-over-quarter (QoQ) growth of 1.7% compared to ₹265.70 crores in the previous quarter (Q2FY25). On a year-over-year (YoY) basis, the total income increased by 2.8% from ₹262.90 crores in Q3FY24. The steady increase in total income over both the quarterly and annual comparisons indicates a consistent growth trajectory in revenue generation for the company during this period. This growth can be attributed to the company's core business activities in the housing finance market.
Profitability
For Q3FY25, GIC Housing Finance Ltd recorded a profit before tax of ₹56.47 crores, marking an 18.4% QoQ increase from ₹47.70 crores in Q2FY25, and a substantial YoY rise of 33.3% from ₹42.36 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) stood at ₹49.71 crores, up 36.1% QoQ from ₹36.52 crores and 39.4% YoY from ₹35.65 crores. The earnings per share (EPS) for the quarter were ₹9.20, reflecting a 35.3% QoQ increase from ₹6.80 and a 39.4% YoY increase from ₹6.60. These figures indicate an upward trend in profitability, supported by a decrease in tax expenses, which fell by 39.5% QoQ.
Operating Metrics
Total expenses for GIC Housing Finance Ltd in Q3FY25 were reported at ₹215.27 crores, representing a marginal decline of 0.5% QoQ from ₹216.44 crores in Q2FY25. However, on a YoY basis, there was an increase of 3.9% from ₹207.27 crores in Q3FY24. This slight decrease in expenses QoQ, coupled with the increase in revenues, contributed positively to the company's profitability for the quarter. The financial data suggests a disciplined approach to managing expenses while navigating growth in income, which has resulted in improved profitability metrics.
