LIC Housing Finance Limited — Updates, 31-01-2025: Press Release

Profit after tax for LIC Housing Finance Ltd. reached ₹1431.96 crore in Q3 FY2025, marking a 23% increase year-on-year. The company’s net interest income stood at ₹2000 crore, while total revenue from operations grew by 4% to ₹7057 crore. Disbursements for the quarter totaled ₹15475 crore, witnessing a 2% rise from the same period last year, driven by a remarkable 162% increase in project loan disbursements, totaling ₹983 crore.

The outstanding loan portfolio grew to ₹299144 crore, up 6% from the previous year, with the individual home loan segment contributing significantly to this growth at ₹254652 crore, a 7% increase. However, the net interest margin declined to 2.70%, compared to 3.00% a year prior. Provisions for expected credit losses were reported at ₹4974 crore, reflecting a coverage ratio of 48%.

The outlook remains positive, particularly in the affordable housing sector, with management emphasizing a strong focus on customer-centric innovations and expecting robust performance as the fiscal year concludes. Investors should keep a close watch on developments in this space.