News

India Shelter Reports 36% YoY AUM Growth and 54% Surge in PAT in Q3FY25

Gurugram, February 7, 2025: India Shelter Finance Corporation Limited has announced 36 per cent year-on-year (YoY) growth in Assets Under Management (AUM) in its financial results for the 3rd quarter of fiscal year 2025. The Board of Directors of India Shelter Finance Corporation at its meeting held on Friday, approved the unaudited financial results for quarter and nine-month ended December 31, 2024.

Commenting on the performance, Managing Director and CEO of India Shelter Finance Corporation Rupinder Singh said: “We are pleased to announce that the Company delivered strong performance in the third quarter of FY25 driven by strong demand environment in the affordable housing segment. We delivered an AUM growth of 36 per cent YoY to INR . 7,619 crore supported by a disbursement growth of 29 per cent YoY to INR . 879 crore.

“We continue to maintain strong focus on leveraging tech to improve operations, onboarding and customer experience. Company now processes 96 per cent digital collections, 98 per cent e-signing of applications, 78 per cent of our customers are registered on the app with 71 per cent service requests raised via the app.

“With continued focus on branch expansion, technology innovation & manpower addition we strive to improve our efficiency metrics. Cost to Income improved to 37.4 per cent in Q3FY25 from 41.1 per cent in Q3FY24. During the quarter we added 5 new branches to reach a count of 265 branches across 15 states.”

Profitability

Profit after tax grew by 54% YoY to INR 96 crore in Q3FY25 as against INR 62 crore in Q3FY24
RoA improved to 5.5% in Q3FY25 from 4.7% in Q3FY24
RoE improved to 15.1% in Q3FY25 from 13.9% in Q3FY24

Borrowings & Liquidity

Networth is at INR 2,595 crore as of December’24. The company continues to carry a liquidity of INR 1,752 crotre as of December’24
In Q3FY25, cost of funds was maintained at 8.8%

Asset Quality & Provisions