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Informist, Friday, Jan. 30, 2026

By Kabir Sharma

MUMBAI – LIC Housing Finance Ltd. reported a 3% decline in net profit for the December quarter, mainly because of a sharp increase in impairment charges and higher overall expenses, even as revenue growth remained modest.

The mortgage lender reported a standalone net profit of INR 13.84 billion for the December quarter, down 3.4% from INR 14.32 billion a year ago. Its total income rose 2% on year to INR 71.87 billion. A year ago, it had reported total income of INR 70.57 billion. The net profit was largely in line with the Street's expectation of INR 13.86 billion.

The housing financier's revenue from operations rose marginally to INR 71.87 billion during the quarter from INR 70.57 billion a year ago, reflecting stable loan growth and interest income. Other income remained largely negligible at INR 100,000, compared with INR 200,000 in the year-ago quarter.

The company's total expenses rose 3.4% on year to INR 54.44 billion, primarily due to a surge in impairment on financial instruments. Impairment charges during the quarter stood at INR 1.54 billion, compared with a write-back of INR 439.8 million in the same period last year, weighing on profitability.

The finance cost remained largely unchanged on year at INR 49.42 billion, indicating relatively stable borrowing costs. Employee benefit expenses declined 13.7% to INR 1.76 billion from INR 2.04 billion a year ago, providing some cushion to overall expenses.

However, other expenses rose a little over 10% on year to INR 1.08 billion, adding to cost pressures during the quarter. The tax outgo for the quarter declined marginally to INR 3.59 billion from INR 3.61 billion a year ago.

For the nine months ended Dec. 31, the lender reported a net profit of INR 40.98 billion, largely unchanged on year. The revenue for the period was INR 215.83 billion, up from INR 207.67 billion a year ago. Friday, shares of LIC Housing Finance ended 0.7% higher at INR 526.30 on the National Stock Exchange. The company released its earnings after market hours.  End

Edited by Rajeev Pai

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