Ind Bank Housing Q2 FY27 Net Loss Rs. 0.63 Lakh Amidst Going Concern Uncertainty
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 08 Oct 2026, 03:06 PM IST · BSE ID: e55457cf-c000-43ca-bda9-7b7d8e648978
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a small loss for the quarter and is focused on recovering old loans after its license was cancelled.
🤖 AI Summary
- Ind Bank Housing Ltd reported a net loss of Rs. 0.63 Lakh for the quarter ended September 30, 2026.
- Total Revenue for Q2 FY27 stood at Rs. 25.87 Lakh, with Total Expenses at Rs. 26.50 Lakh.
- The Reserve Bank of India cancelled the company's Certificate of Registration for housing finance on September 22, 2023.
- The Board approved in-principle winding up on November 4, 2023, subject to shareholder and regulatory approvals.
- The company's activities are now substantially confined to recovery of outstanding advances and resolution of pending legal matters.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the period (Q2 FY27)
(0.63) Lakh
Total Revenue (Q2 FY27)
25.87 Lakh
Total Expenses (Q2 FY27)
26.50 Lakh
Profit/(Loss) for the half year ended 30.09.2026
(13.40) Lakh
Total Assets as at 30-Sep-2026
1,581.82 Lakh
Borrowings as at 30-Sep-2026
12,100.00 Lakh
🏢 How This Affects the Company
The company has ceased housing finance operations following RBI's cancellation of its Certificate of Registration, shifting its focus entirely to recovery of outstanding advances and assets.
The company reported a net loss of Rs. 0.63 Lakh for Q2 FY27. Its balance sheet indicates significant liabilities including Borrowings of Rs. 12,100.00 Lakh, substantially exceeding its Total Assets of Rs. 1,581.82 Lakh.
Operations are now primarily limited to recovery efforts and resolving legal matters, indicating a fundamental shift from its original housing finance business model.
The ongoing going concern uncertainty, explicitly highlighted by auditors, introduces significant risk regarding the company's long-term viability and ability to meet its financial obligations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance and the disclosed going concern uncertainty regarding its future operations and potential winding-up.
🔍
Management Signal
The management's actions indicate a focus on asset recovery and resolution of legal matters as part of a winding-down process initiated after RBI's license cancellation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder vote on company winding-up proposal.
Updates on recovery of outstanding advances and assets.
Further regulatory approvals regarding the winding-up process.
HIGH RISK
The company faces going concern uncertainty, license cancellation, and an in-principle winding-up resolution.
💡 Investor Takeaway
Ind Bank Housing reported a Q2 FY27 net loss of Rs. 0.63 Lakh, bringing the half-year loss to Rs. 13.40 Lakh. The company faces material uncertainty related to its ability to continue as a going concern, as its housing finance license was cancelled by RBI in September 2023, and the Board has approved in-principle winding up.
⚖️ Strengths & Concerns
⚠️ Concerns
- Net Loss for Q2 FY27 was Rs. 0.63 Lakh, alongside a Net Loss of Rs. 13.40 Lakh for the half-year ended September 30, 2026.
- A material uncertainty related to going concern exists due to RBI's license cancellation and the Board's in-principle winding-up approval.
📅 Company Track Record
Ind Bank Housing reported a Q1 FY27 net profit of Rs. 256.20 Lakh, which followed a FY26 net loss of Rs. 8.83 Lakh. Throughout these periods, auditors consistently highlighted material uncertainty related to going concern due to RBI's cancellation of its housing finance license and the board's in-principle approval for winding up.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Ind Bank Housing's net profit/loss in Q2 FY27?
Ind Bank Housing reported a net loss of Rs. 0.63 Lakh for the quarter ended September 30, 2026.
What was Ind Bank Housing's Total Revenue in Q2 FY27?
The Total Revenue for Ind Bank Housing in Q2 FY27 was Rs. 25.87 Lakh.
What is the status of Ind Bank Housing's operations?
The company's Certificate of Registration for housing finance was cancelled by the RBI, and its activities are now substantially confined to recovery of outstanding advances and resolution of pending legal matters.
Has Ind Bank Housing's board decided on the company's future?
Yes, the Board of Directors accorded in-principle approval for winding up of the Company on November 4, 2023, subject to obtaining requisite approvals.
What were Ind Bank Housing's Borrowings as of September 30, 2026?
Ind Bank Housing reported Borrowings of Rs. 12,100.00 Lakh as at September 30, 2026.
Questions based on this BSE filing only. For information purposes.