Intimation of Earnings Call transcript

August 14, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block G, Bandra Kurla Mumbai- 400001 Complex, Bandra (E), Scrip Code: 544044 Mumbai – 400 051 NSE Symbol: INDIASHLTR ISIN: INE922K01024 ISIN: INE922K01024 : INE922K07104 : INE922K07112 : INE922K07120 Subject: Transcripts of the Earnings Conference Call on the Unaudited Financial Results for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcripts of the Earnings Conference Call on the Unaudited Financial Results for the quarter ended June 30, 2026, held on August 07, 2026. The same have also been made available on the website of the Company. The transcripts can be accessed at the following link: https://www.indiashelter.in/investor-relations Kindly take the above information on records. Thanking you, Yours faithfully, For India Shelter Finance Corporation Limited Mukti Chaplot Company Secretary and Compliance Officer M. No.: 38326 India Shelter Finance Corporation Limited Registered office – 6th Floor, Plot No 15, Institutional Area, Sector 44, Gurgaon, Haryana-122002 CIN: L65922HR1998PLC042782, Phone No +91-124-4131800 E-mail: customer.care@indiashelter.in, Website: www.indiashelter.in “India Shelter Finance Corporation Limited Q1FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. RUPINDER SINGH – MD & CEO MR. ASHISH GUPTA – CFO MR. RAHUL RAJAGOPALAN – HEAD, INVESTOR RELATIONS This is a transcription of the earnings call conducted on 7th August 2026. The audio recording can be accessed using the following link, https://www.indiashelter.in/investor-relations DISCLAIMER: Transcript may contain transcription errors. The transcript has been edited for clarity, readability, etc. The Company takes no responsibility of such errors, although an effort has been made to ensure high level of accuracy. In case of discrepancy, the audio recording will prevail. Page 1 of 19 India Shelter Finance Corporation Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the India Shelter Q1FY27 Earnings Conference Call, hosted by ICICI Securities Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Renish Bhuva from ICICI Securities. Thank you, and over to you, sir. Renish Bhuva: Thank you. Yes. Hi, good morning, everyone, and welcome to India Shelter Finance Q1FY27 earnings call. On behalf of ICICI Securities, I would like to thank India Shelter management team for giving us the opportunity to host this call. Today, we have with us the entire top management team of India Shelter, represented by Mr. Rupinder Singh, MD and CEO; Mr. Ashish Gupta, CFO; Mr. Rahul Rajagopalan, Head of Investor Relations. I will now hand over the call to Rupinderji for his opening remarks, and then we'll open the floor for Q&A. Over to you, sir. Rupinder Singh: Thank you, Renishji. A very good morning, everyone. On behalf of the company, I extend a warm welcome to all of you. Thank you for joining us on the call today. Before we discuss our quarterly and annual performance, let me briefly touch upon the broader macroeconomic environment, the operating landscape, and some of the strategic priorities shaping our business. The Indian economy continues to remain one of the fastest-growing major economies globally, supported by strong domestic demand, healthy government capital expenditures and improving private sector investments. Overall, on the macro front, things are looking encouraging on account of reduced impact of West Asia crisis, monsoon deficit has narrowed, rainfall deficit has been less severe than previous years of deficient rainfall, RBI maintaining a neutral stance during the recent weeks. The long-term outlook for the housing finance industry continues to remain compelling. India's mortgage penetration remains at approximately 11% to 12% of GDP, significantly lower than most of developed and several emerging economies, highlighting the long runway for structural growth. Whereas technology and artificial intelligence are becoming increasingly important differentiators across financial services, AI is being institutionalized and embedded across business, credit, collections, operations, compliance, and marketing. Today, our AI initiative includes AI-enabled work assistance, AI-assisted collection voice calls, voice and chatbots in Page 2 of 19 India Shelter Finance Corporation Limited August 07, 2026 vernacular language particularly. Simultaneously, we are working on multiple different use cases to increase our AI adoption. These initiatives are aimed at improving productivity, enhancing customer experience, strengthening risk management, and enabling scalable growth while maintaining operational efficiency. Coming to our performance for the quarter. During the quarter, the company consciously transitioned to recognizing disbursements on check realization rather than check handover. This transition is aligned with strong operational controls and the impact of same is onetime in nature. This onetime accounting change has shifted a portion of disbursement recognition across reporting periods and temporarily impacted reported quarter 1 financial year '27 disbursements. Reported disbursement for the quarter stood at INR 641 crores. Bank clearance was around INR 1,040 crores, which is at par with quarter 4 financial year '26 and almost 37% higher than Q1FY26. This activity has no P&L impact, as benefit of interest was already being provided to the customers. Excluding this timing impact, business trend remains as per plan with strong login and sanction pipeline. Against this backdrop, gross AUM grew 24% year-on-year to INR 11,284 crores. On the asset quality front, we witnessed an increase in Stage 3 assets to 1.5% and early delinquency buckets during the quarter. We remain watchful of the operating environment, and our collection teams continue to focus on early intervention, recoveries and maintaining portfolio quality. We expect Asset Quality to stabilize around similar levels at the end of Q2FY27 and expect recovery from Q3FY27 onwards. As stated earlier, the disbursement recognition methodology has no P&L impact. PAT for the quarter came in at INR 143 crores, registering a growth of 23% year-on-year and 4% quarter- on-quarter. Return on equity for the quarter stood at 17.5%. Net worth now stands at INR 3,353 crores. Despite the near-term moderation, our long-term strategy remains unchanged. We continue to invest in expanding our distribution, strengthening technology capabilities, deepening customer relationships, and building organization capabilities that position us well to capture the significant opportunities in the affordable housing finance market. On that note, let me re-iterate the guidance for FY27: • Branch addition of around 40-45 for the year • Maintain spreads of more than 6% in the medium term • Credit Cost of around 40-50bps • Loan growth of around 25-30% Page 3 of 19 India Shelter Finance Corporation Limited August 07, 2026 Now I would like to hand over the call to Ashishji, our CFO, to take you through the financial metrics. Ashishji, over to you. Ashish Gupta: Thanks, Rupinderji. Good morning, friends. Let me take you through key financial numbers. During the quarter, we have disbursed INR 1,046 crores of funds to customer account, which is higher by 3% as compared to quarter 4 of last financial year. However, the transition of booking from handover to clearance had a onetime impact on our reported disburseme [Showing first 8,000 characters — download PDF for full document]