Ind Bank Housing Ltd (523465)
Q2 FY27 results
Ind Bank Housing Ltd reported Q2 FY27 results on 8 Oct 2026: revenue ₹0.0 Cr, and net profit ₹-0.0 Cr (a smaller loss than a year earlier).
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.3 | loss widened | loss narrowed |
| Net profit | ₹-0.0 | loss narrowed | to loss |
| EPS (₹) | -0.01 | loss narrowed | to loss |
📢 Recent Corporate Announcements
Ind Bank Housing reported total revenue of ₹25.87 lakh and a net loss of ₹0.63 lakh for the quarter ended September 30, 2026. For the half-year ended September 30, 2026, the company posted a net profit of ₹386.91 lakh, aided by other income and tax adjustments. Statutory auditors reiterated a material uncertainty regarding going concern, noting that the RBI cancelled the company's housing finance registration in September 2023. Operations remain discontinued and restricted entirely to loan recoveries and asset disposal ahead of intended winding-up proceedings.
- Quarterly revenue from operations remained at ₹0.00, with other income of ₹25.87 lakh for Q2 FY27
- Net loss for Q2 stood at ₹0.63 lakh compared to a loss of ₹13.40 lakh in Q2 FY26
- Half-year net profit reached ₹386.91 lakh, driven primarily by ₹345.17 lakh in total revenue/other income
- Total equity remains severely eroded at negative ₹11,709.36 lakh (-₹117.09 cr) as of September 30, 2026
- Auditor flagged material uncertainty over going concern as RBI cancelled its Certificate of Registration on 22 September 2023
Ind Bank Housing reported Q2 FY27 total revenue of ₹25.87 lakh and a net loss of ₹0.63 lakh, compared to a profit of ₹387.54 lakh in the preceding quarter (Q1). For the half-year ended September 30, 2026, profit stood at ₹386.91 lakh. The statutory auditor emphasized a material uncertainty over going concern, noting that the RBI cancelled the company's housing finance registration in September 2023, and the Board has previously approved in-principle winding up under Section 271 of the Companies Act, 2013.
- Total revenue for Q2 stood at ₹25.87 lakh, entirely from other income
- Net loss of ₹0.63 lakh for Q2 vs profit of ₹387.54 lakh in Q1
- Total equity remains deeply negative at ₹-11,709.36 lakh (₹-117.09 cr) as of September 30, 2026
- Borrowings reduced by ₹800 lakh (₹8 cr) from March 2026 to stand at ₹12,100 lakh (₹121 cr)
- Auditor flagged material uncertainty regarding going concern amid planned winding up
Ind Bank Housing has approved changes to its Board of Directors following its meeting on August 14, 2026. Smt. R. Padma has been approved for reappointment as an Independent Director for a second consecutive term of 5 years, subject to shareholder approval at the ensuing 35th AGM. Additionally, Shri R. Murugesan, Regional Chief at HUDCO with 26 years of experience in loan documentation and law, has been inducted as a Non-Executive Nominee Director. These board adjustments come as the company continues to operate with a negative net worth of Rs -121 Cr and total debt of Rs 129 Cr.
- Reappointment of Smt. R. Padma as Independent Director for a 5-year consecutive term subject to 35th AGM approval
- Appointment of Shri R. Murugesan as Non-Executive Nominee Director effective August 14, 2026
- Shri R. Murugesan has been associated with HUDCO's Law Department for 26 years
- Smt. R. Padma brings more than 38 years of banking experience, having retired as Deputy General Manager
Ind Bank Housing Limited announced board approvals for director appointments at its meeting on August 14, 2026. Smt. R. Padma has been approved for re-appointment as an Independent Director for a second 5-year term, subject to shareholder approval at the ensuing 35th AGM. In addition, Shri R. Murugesan (Regional Chief at HUDCO with 26 years of legal experience) was appointed as a Non-Executive Nominee Director effective August 14, 2026. These appointments represent routine board governance and regulatory compliance updates.
- Re-appointment of Smt. R. Padma as Independent Director for a 5-year term from the 35th AGM.
- Appointment of Shri R. Murugesan as Non-Executive Nominee Director effective August 14, 2026.
- Nominee Director Shri R. Murugesan brings 26 years of legal experience at HUDCO.
- Independent Director Smt. R. Padma has over 38 years of banking experience.
Ind Bank Housing Ltd has filed for exemption from SEBI's corporate governance requirements for the quarter ended June 30, 2026. The company qualifies for this exemption as its paid-up capital is ₹10 crore and its net worth is negative ₹120.96 crore, both falling below the regulatory thresholds of ₹10 crore and ₹25 crore respectively. Financial data shows accumulated losses have worsened from ₹136.40 crore in March 2024 to ₹136.79 crore in March 2026. This filing confirms the company's continued state of financial distress and insolvency.
- Net worth as of March 31, 2026, is negative ₹120.96 crore, compared to negative ₹120.57 crore in March 2024.
- Accumulated losses have reached ₹136.79 crore as of the end of FY26.
- Paid-up equity share capital remains stagnant at ₹10.00 crore.
- Exemption claimed under Regulation 15(2) of SEBI LODR due to low capital and negative net worth.
- Reserves and Surplus have remained unchanged at ₹5.83 crore over the last three financial years.
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