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Informist, Thursday, May 14, 2026

 

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-LIC Housing Finance Jan-Mar net profit INR 14.97 bln 
--Analysts saw LIC Housing Finance Jan-Mar net profit at INR 14.01 bln 
--LIC Housing Jan-Mar net profit INR 14.97 bln vs INR 13.68 bln year ago 
--LIC Housing Jan-Mar revenue INR 71.94 bln vs INR 72.81 bln year ago 
--LIC Housing Finance to pay INR 10 per share final dividend 
--LIC Housing Finance appoints Sandeep Kumar as COO 
--LIC Housing FY26 net profit INR 55.95 bln vs INR 54.29 bln year ago 
--LIC Housing FY26 revenue INR 287.65 bln vs INR 280.37 bln year ago 
--LIC Housing gross NPA stage 3 ratio 2.15% on Mar 31 vs 2.47% yr ago 
--LIC Housing net NPA stage 3 ratio 1.08% on Mar 31 vs 1.22% yr ago 
--LIC Housing: Provision coverage ratio 50.16% on Mar 31 vs 51.25% yr ago 
--LIC Housing: Liquidity coverage ratio 180.74% on Mar 31 vs 162.96% yr ago 
--LIC Housing Jan-Mar net interest income INR 22.22 bln vs INR 21.65 bln YoY 
--LIC Housing Jan-Mar net interest margin 2.80% vs 2.85% year ago 
--LIC Housing outstanding loan portfolio INR 3.21 tln Mar 31, up 4% YoY 
--LIC Housing Q4 total disbursements INR 210.19 bln vs INR 191.56 bln year ago

 

By Divya Moolayattil and Durgesh Nandan

 

MUMBAI – LIC Housing Finance Ltd. reported a moderate on-year growth in net profit for the March quarter, mainly due to a slight fall in overall expneses led by sharp decline in impairment charges, even as revenue growth edged down. The mortgage lender reported a net profit of INR 14.97 billion for the March quarter, up 9.5% on year and over 8% on quarter. The net profit was slightly higher than the Street's expectation of INR 14.01 billion.

 

The company's revenue from operations was INR 71.94 billion, down over 1% year-on-year for the reporting quarter. It decreased mainly due to a fall in interest income to INR 70.09 billion, down more than 1% on year. Its other income fell over 5% on year but rose nearly 6% on quarter, while other operating income fell nearly 3% on year, putting pressure on total revenue. 

 

The company's total expenses fell nearly 5% on year to INR 52.60 billion, primarily due to a sharp fall in impairment on financial instruments and other expenses. Impairment charges during the quarter were INR 741 million, compared with INR 1.03 billion in the same period last year. Other expenses for March quarter was INR 1.31 billion, down nearly 30% on year, but up 25% on quarter.

 

The company posted a net interest income of INR 22.22 billion, up 3% on year, for the reporting quarter. Its net interest margin was 2.80% for the quarter, down from 2.85% year-on-year. The housing finance company's total disbursements were at INR 210.19 billion, up 10% from a year-ago period. Of this, disbursements in the individual home loan segment were at INR 166.72 billion, up 8% on year and non-housing individual loan segment were also up 25% at INR 33.48 billion.

 

The company's gross non-performing asset ratio improved to 2.15% as of Mar. 31, from 2.47% year ago period. LIC Housing's net non-performing asset stage 3 ratio also improved to 1.08% as on Mar. 31, from 1.22% on year. Its provision coverage ratio was 50.16% as of Mar. 31, down from 51.25% corresponding quarter in the previous year. While the liquidity coverage ratio was 180.74% as on Mar. 31, up on-year from 162.96%.

 

The company's outstaning loan portfolio was at INR 3.21 trillion on Mar. 31, up 4% on year. The individual home loan portfolio was INR 2.71 trillion as on Mar. 31, up 4% from INR 2.62 trillion as on Mar. 31, 2025.

 

The company has announced a dividend of INR 10 per share for financial year 2025-2026 (Apr-Mar). The dividend will be paid within 30 days, subject to shareholders' approval. LIC Housing Finance appointed Sandeep Kumar as the Chief Operating Officer after Sanjay Dayal, the former COO, passed away on Monday. Sandeep Kumar was director and CEO of LIC HFL Financial Services Ltd. 

 

For FY26, the lender reported a net profit of INR 55.95 billion, up from INR 54.29 billion a year ago. The revenue for the period was INR 287.65 billion, up from INR 280.37 billion a year ago. Wednesday, shares of LIC Housing Finance ended 3.2% higher at INR 585.65 on the National Stock Exchange. The company released its earnings after market hours.  End

 

Edited by Akul Nishant Akhoury

 

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