Latest news with #RupinderSingh
Time of India
4 days ago
- Business
- Time of India
Teachers, Powercom employees stage separate protests in Mohali
1 2 Mohali: The city witnessed two major demonstrations on Wednesday as vocational teachers under the National Skills Qualifications Framework (NSQF) and Powercom employees staged protests to press for their long-standing demands. Outside the Punjab School Education Board office, NSQF vocational teachers held a strong protest demanding better pay and job security. Rupinder Singh, district president (Mohali), said 2,633 NSQF teachers have been imparting vocational education to students of Classes IX to XII in government senior secondary schools for over 11 years under the Samagra Shiksha 60:40 programme. "Despite our dedicated service, we face exploitation by outsourcing companies and receive only about ₹18,000 per month after arbitrary deductions," he said. State president Ranjit Singh Barnala demanded that salaries be raised to Rs 35,075 per month on the lines of Haryana, outsourcing companies be removed from government schools, and the services of NSQF teachers be regularised, similar to contractual employees in PSPCL. Meanwhile, at the Mohali Circle office, Powercom employees under various unions — including the Technical Services Union (TSYU), Federation ATC, Association of Junior Engineers, Pensioner Association, and Pensioner Union — continued their collective leave strike, now extended till Aug 15. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Diversify your portfolio with Edelweiss NFO Edelweiss Mutual Fund AMC Undo The agitation, which began on Aug 11, targets the Powercom management and Punjab government for failing to resolve long-pending issues. Protesters demanded the repeal of privatisation policies, release of arrears for revised pay scales from Jan 1, 2016, clearance of pending dearness allowance, recruitment drives, regularisation of temporary workers, restoration of the old pension scheme, repeal of the Electricity Act 2022, and timely promotions for sub-station employees. Ranjit Singh Dhillon, state president of the Association of Junior Engineers, warned that the agitation would intensify if the demands remained unmet. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Business Standard
08-08-2025
- Business
- Business Standard
India Shelter Finance surges after Q1 PAT jumps 43% YoY to Rs 119 cr
India Shelter Finance Corporation rallied 6.96% to Rs 929 after the company's consolidated net profit climbed 43.01% to Rs 119.44 crore on 43.6% increase in revenue from operations to Rs 361.21 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) jumped 43.66% YoY to Rs 155.24 crore during the quarter. Assets under management (AUM) stood at Rs 8,712 crore, registering the growth of 34% compared with Rs 6,509 crore posted in same quarter last year. Disbursement increased 24% YoY to Rs 887 crore in Q1 FY26 as against 715 crore in Q1 FY25. Gross Stage 3 and Net Stage 3 were at 1.2% and 0.9% as of as on 30th June 2025. Rupinder Singh, managing director and CEO of India Shelter Finance Corporation said, We are pleased to announce that the Company delivered strong operational performance in the first quarter of FY26, driven by strong demand environment in the affordable housing segment. We delivered an AUM growth of 34% YoY, reaching an AUM of Rs 8,712 crore. In Q1FY26, we disbursed Rs 887 crore, registering a growth of 24% YoY. In Q1FY26, we added 24 new branches as part of the branch expansion strategy, geographic presence stood at 290 branches as of 30th June 2025. On profitability metrics, PAT for the quarter came in at Rs. 119 Crs registering a growth of 43% YoY and 10% QoQ. Our return ratios have been on an improving trend with RoA improving to 6.0% and RoE reaching 17.2% for the first time post the IPO in Dec23. We have been successful in reducing our cost of funds by 10 bps to 8.6% with spreads improving to 6.4%, ensuring sustained profitability. Meanwhile, the companys board approved raising of funds through issuance of non-convertible debentures (NCDs) through private placement/public issuances, in one or more tranches up to an amount not exceeding Rs 1,000 crore. India Shelter Finance Corporation provides affordable home loans and loan against property in Tier 2 and 3 geographies in India. It provides home loans to customers from low-and middle-income segments who are building or buying their first homes.
Business Standard
08-08-2025
- Business
- Business Standard
India Shelter Finance Corp Q1FY26 Profit Jumps 43%
VMPL Gurugram (Haryana) [India], August 8: The Board of Directors of India Shelter Finance Corporation at its meeting held today, approved the unaudited financial results for quarter ended June 30, 2025. Commenting on the performance, Mr. Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation said: We are pleased to announce that the Company delivered strong operational performance in the first quarter of FY26, driven by strong demand environment in the affordable housing segment. We delivered an AUM growth of 34% YoY, reaching an AUM of Rs. 8,712 Crs. In Q1FY26, we disbursed Rs. 887 Crs, registering a growth of 24% YoY. In Q1FY26, we added 24 new branches as part of the branch expansion strategy, geographic presence stood at 290 branches as of 30th June 2025. On profitability metrics, PAT for the quarter came in at Rs. 119 Crs registering a growth of 43% YoY and 10% QoQ. Our return ratios have been on an improving trend with RoA improving to 6.0% and RoE reaching 17.2% for the first time post the IPO in Dec'23. We have been successful in reducing our Cost of Funds by 10 bps to 8.6% with spreads improving to 6.4%, ensuring sustained profitability. * AUM as of Q1FY26 at Rs. 8,712 Crs, growth of 34% YoY * Disbursements at Rs. 887 Crs, growth of 24% YoY * PAT of Rs. 119 Crs for Q1FY26, growth of 43% YoY * RoE for Q1FY26 at 17.2% Profitability: - Profit after tax grew by 43% YoY to Rs. 119 Crs in Q1FY26 - RoA improved to 6.0% in Q1FY26 - RoE improved to 17.2% in Q1FY26 Borrowings & Liquidity: - Networth is at Rs. 2,836 Crs as of June'25. The company continues to carry a liquidity of Rs. 1,216 Crs as of June'25 - In Q1FY26, the cost of funds improved by 10bps to 8.6% - In Q1FY26, Spreads expanded by 20bps QoQ & 30bps YoY to 6.4% Asset Quality & Provisions: - Gross Stage 3 and Net Stage 3 were at 1.2% and 0.9% as of June'25 - 30+ DPD stood at 4.5% as of June'25 - Credit Cost for the quarter came in at 0.5% About India Shelter Finance Corporation: India Shelter provides affordable home loans and loan against property in Tier 2 and 3 geographies in India. India Shelter provides home loans to customers from low-and middle-income segments who are building or buying their first homes. The company has strong distribution moat with its Pan-India network in 15 states via 290 branches and maintains a granular portfolio. The company is run by an experienced professional management team backed by marquee investors. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
The Wire
08-08-2025
- Business
- The Wire
India Shelter Finance Corp Q1FY26 Profit Jumps 43%
Gurugram, 8th August 2025: The Board of Directors of India Shelter Finance Corporation at its meeting held today, approved the unaudited financial results for quarter ended June 30, 2025. Key Performance Metrics: Commenting on the performance, Mr. Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation said: We are pleased to announce that the Company delivered strong operational performance in the first quarter of FY26, driven by strong demand environment in the affordable housing segment. We delivered an AUM growth of 34% YoY, reaching an AUM of Rs. 8,712 Crs. In Q1FY26, we disbursed Rs. 887 Crs, registering a growth of 24% YoY. In Q1FY26, we added 24 new branches as part of the branch expansion strategy, geographic presence stood at 290 branches as of 30th June 2025. On profitability metrics, PAT for the quarter came in at Rs. 119 Crs registering a growth of 43% YoY and 10% QoQ. Our return ratios have been on an improving trend with RoA improving to 6.0% and RoE reaching 17.2% for the first time post the IPO in Dec'23. We have been successful in reducing our Cost of Funds by 10 bps to 8.6% with spreads improving to 6.4%, ensuring sustained profitability. · AUM as of Q1FY26 at Rs. 8,712 Crs, growth of 34% YoY · Disbursements at Rs. 887 Crs, growth of 24% YoY · PAT of Rs. 119 Crs for Q1FY26, growth of 43% YoY · RoE for Q1FY26 at 17.2% Profitability: ● Profit after tax grew by 43% YoY to Rs. 119 Crs in Q1FY26 ● RoA improved to 6.0% in Q1FY26 ● RoE improved to 17.2% in Q1FY26 Borrowings & Liquidity: ● Networth is at Rs. 2,836 Crs as of June'25. The company continues to carry a liquidity of Rs. 1,216 Crs as of June'25 ● In Q1FY26, the cost of funds improved by 10bps to 8.6% ● In Q1FY26, Spreads expanded by 20bps QoQ & 30bps YoY to 6.4% Asset Quality & Provisions: ● Gross Stage 3 and Net Stage 3 were at 1.2% and 0.9% as of June'25 ● 30 DPD stood at 4.5% as of June'25 ● Credit Cost for the quarter came in at 0.5% About India Shelter Finance Corporation: India Shelter provides affordable home loans and loan against property in Tier 2 and 3 geographies in India. India Shelter provides home loans to customers from low-and middle-income segments who are building or buying their first homes. The company has strong distribution moat with its Pan-India network in 15 states via 290 branches and maintains a granular portfolio. The company is run by an experienced professional management team backed by marquee investors. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR This is an auto-published feed from PTI with no editorial input from The Wire.
News18
08-08-2025
- Business
- News18
India Shelter Finance Corp Q1FY26 Profit Jumps 43%
VMPLGurugram (Haryana) [India], August 8: The Board of Directors of India Shelter Finance Corporation at its meeting held today, approved the unaudited financial results for quarter ended June 30, 2025. Commenting on the performance, Mr. Rupinder Singh, Managing Director and CEO of India Shelter Finance Corporation said: We are pleased to announce that the Company delivered strong operational performance in the first quarter of FY26, driven by strong demand environment in the affordable housing segment. We delivered an AUM growth of 34% YoY, reaching an AUM of Rs. 8,712 Crs. In Q1FY26, we disbursed Rs. 887 Crs, registering a growth of 24% YoY. In Q1FY26, we added 24 new branches as part of the branch expansion strategy, geographic presence stood at 290 branches as of 30th June profitability metrics, PAT for the quarter came in at Rs. 119 Crs registering a growth of 43% YoY and 10% QoQ. Our return ratios have been on an improving trend with RoA improving to 6.0% and RoE reaching 17.2% for the first time post the IPO in Dec'23. We have been successful in reducing our Cost of Funds by 10 bps to 8.6% with spreads improving to 6.4%, ensuring sustained profitability.* AUM as of Q1FY26 at Rs. 8,712 Crs, growth of 34% YoY* Disbursements at Rs. 887 Crs, growth of 24% YoY* PAT of Rs. 119 Crs for Q1FY26, growth of 43% YoY* RoE for Q1FY26 at 17.2%Profitability:– Profit after tax grew by 43% YoY to Rs. 119 Crs in Q1FY26– RoA improved to 6.0% in Q1FY26– RoE improved to 17.2% in Q1FY26Borrowings & Liquidity:– Networth is at Rs. 2,836 Crs as of June'25. The company continues to carry a liquidity of Rs. 1,216 Crs as of June'25– In Q1FY26, the cost of funds improved by 10bps to 8.6%– In Q1FY26, Spreads expanded by 20bps QoQ & 30bps YoY to 6.4% Asset Quality & Provisions:– Gross Stage 3 and Net Stage 3 were at 1.2% and 0.9% as of June'25– 30+ DPD stood at 4.5% as of June'25– Credit Cost for the quarter came in at 0.5% About India Shelter Finance Corporation:India Shelter provides affordable home loans and loan against property in Tier 2 and 3 geographies in India. India Shelter provides home loans to customers from low-and middle-income segments who are building or buying their first homes. The company has strong distribution moat with its Pan-India network in 15 states via 290 branches and maintains a granular portfolio. The company is run by an experienced professional management team backed by marquee investors.(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
