Q3 2026 India Shelter Finance Corporation Ltd Earnings Call Transcript
Key Points
- India Shelter Finance Corporation Ltd (NSE:INDIASHLTR) reported a 31% year-on-year growth in gross managed assets, reaching INR10,365 crores.
- The company achieved a profit after tax of INR128 crores for the quarter, marking a 33% year-on-year increase.
- Return on equity stood at a robust 17.1%, indicating strong profitability.
- The company has successfully expanded its branch network, adding two new branches in the quarter and planning to add four to five more in the next quarter.
- Digital sourcing initiatives are gaining traction, contributing 4-5% of disbursements, with plans to increase this to 10%.
- Gross Stage 3 loans increased to 1.5%, indicating a rise in non-performing assets.
- Asset quality issues were noted, particularly in lower ticket size loans, which are facing higher delinquency rates.
- The company's interest income growth lagged behind its AUM growth, suggesting potential yield compression.
- There was a noted increase in credit costs, with guidance indicating it will remain around 40-50 bps for the year.
- Employee attrition at the branch level remains high at around 35%, which could impact operational stability.
Ladies and gentlemen, good day, and welcome to India Shelter Q3 FY26 earnings conference call hosted by ICICI Securities Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Renish Bhuva from ICICI Securities. Thank you, and over to you, sir.
Yeah. Thank you, Subham. Good morning, everyone, and welcome to India Shelter Q3 FY26 earnings call. On behalf of ICICI Securities, I would like to thank India Shelter management team for giving us the opportunity to host this call. Today, we have with us the entire top management team of India Shelter represented by Mr. Rupinder Singh, MD and CEO; with Mr. Ashish Gupta, CFO; and Mr. Rahul Rajagopalan, Head, Investor Relations.
I will now hand over the call to Mr. Rupinder for his opening remarks, and then we'll open the floor for Q&A. Over to you, sir.
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