Its credit cost for the quarter was seen at 3.3%, well below the guidance of 4-6% for the fiscal. Provisions in absolute terms were at Rs 106 crore as against Rs 164 crore in the year ago quarter, in line with a fall in gross non-performing assets ratio to 4.4% at the end of December from 4.6% three months prior.
Pre-provisioning operating profit however stood lower at Rs 175 crore as compared with Rs 252 crore.
The lender’s net interest margin for the quarter stood at 12%, up 11 basis points from the preceding quarter. Its gross loan portfolio grew 5.4% year-on-year to Rs 13,079 crore.
“The microfinance sector has emerged from a challenging phase with industry gradually returning to a sustainable growth path,” chairman Thomas Muthoot said.
GIC Housing Finance reported Rs 44 crore net profit for the third quarter of the fiscal, reflecting a 12% drop from the year-ago period’s Rs 50 crore. The lender’s total expenses stood higher at Rs 218 crore against Rs 214 crore while total income was higher at Rs 273 crore against Rs 270 crore. Its gross non-performing assets ratio rose to 4.24% at the end of December 2025 from 3.47% a year prior. The lender’s net profit margin declined to 16% from 18.4% a year back.
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