**Business Performance:** India Shelter Finance posted strong Q2FY26 and H1FY26 results.

Assets Under Management (AUM) grew 31% YoY to ₹9,252 Cr.

Profit after Tax (PAT) jumped 35% YoY to ₹122 Cr in Q2FY26, and 39% YoY to ₹241 Cr for H1FY26. Disbursements rose 12% YoY to ₹931 Cr for the quarter, largely targeting first-time, self-employed borrowers in Tier 2 and Tier 3 cities. **Growth Drivers & Strategy:** The company expanded its network by 9 branches this quarter, reaching 299 locations.

Tech-driven operations, with 95% digital collections and 99% e-signing, enhance scalability.

Cost of Funds improved to 8.5%, boosting spreads to 6.4%. Strategic focus includes deepening branch penetration, scaling co-lending, and enhancing brand presence in target markets. **Recent Developments & Outlook:** AUM crossed ₹9,000 Cr and quarterly PAT exceeded ₹100 Cr.

IND RA upgraded the credit rating to AA- (Stable). Management aims to further leverage technology for efficiency and continue strong growth in underserved segments.

Key metrics like Q2FY26 Annualized RoA at 5.8% and RoE at 17.0%, alongside stable Gross Stage 3 at 1.2%, indicate robust financial health.