AUM
₹11,044 Cr
+29% YoY
Assets under management grew 29% year-on-year, crossing ₹11,000 crore.
INDIASHELTERFINANCE
Financial Services
15 May 2026
India Shelter Finance Corporation Ltd — Q4 FY26
India Shelter delivered a strong Q4 FY26 with AUM crossing ₹11,044 crore (up 29% YoY) and PAT of ₹138 crore (up 27% YoY).
✓ Verified against BSE filing
2-Min Summary
India Shelter delivered a strong Q4 FY26 with AUM crossing ₹11,044 crore (up 29% YoY) and PAT of ₹138 crore (up 27% YoY). Disbursements crossed ₹1,000 crore for the first time in a quarter. Asset quality improved sharply: 30+ dpd improved 100 bps QoQ to 4%, gross stage 3 fell 29 bps to 1.2%, and net stage 3 improved to 0.9%. The company maintained spreads above 6% and guided for 25-30% AUM growth over the next 3 years, targeting ₹30,000 crore AUM by 2030. Branch expansion continues at 40-45 per year. Credit cost guidance remains 40-50 bps. Key risk: geopolitical tensions and LPG supply disruptions could pressure informal income segments, though no immediate impact seen.
Key Numbers
Disbursements
₹1,000+ Cr
+11% QoQ
Quarterly disbursements crossed ₹1,000 crore for the first time.
Gross Stage 3
1.2%
-29 bps QoQ
Gross NPAs improved 29 basis points quarter-on-quarter to 1.2%.
Cost to Income
36%
-100 bps YoY
Cost-to-income ratio improved 100 basis points year-on-year to 36%.
Management Guidance
AUM growth of 25-30% for next 3 years
Management guided for loan growth of 25-30% annually over the next three years, targeting ₹30,000 crore AUM by 2030.
growthBranch addition of 40-45 per year
The company plans to add 40-45 branches each year, consistent with past strategy.
expansionCredit cost to remain 40-50 bps
Credit cost guidance maintained at 40-50 basis points for the medium term.
marginsSpread to remain above 6%
Management committed to maintaining spreads above 6% in the medium term.
marginsKey Risks
Geopolitical tensions and LPG supply disruptions
Ongoing geopolitical uncertainties and LPG supply disruptions could pressure informal income segments, though no immediate impact seen.
medium · management_commentaryCo-lending regulatory uncertainty
Co-lending growth stalled due to regulatory changes; management has no clear timeline for resumption under CLM1.
low · analyst_questionCompetition from banks and NBFCs
Increased competition in affordable housing could pressure yields and growth, though management downplays the risk.
medium · analyst_questionNotable Quotes
We have delivered another year of strong and consistent performance with significant milestone in this financial year like we cross rupees 10,000 crore AUM.
Our business rule engine, the credit engine that has to function that has entitled us purposely keeping in mind all the aspects which is happening there. So we've been a little cautious in that way.
We have been able to bring down the percentage of fixed rate portfolio funded by variable rate liabilities from about 33% in March 24 to about 8% this year.