LIC Housing Finance

LICHSGFIN

NSE

BSE

SectorFinancial Services

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Company insights, generated from the most recent coverage.

NCLT-approved 0.028% recovery on ₹1,322 Cr Subhash Chandra claim forces ~₹1,322 Cr write-off, impacting 23.6% of FY26 net profit but remaining manageable against ₹3.18 lakh crore asset base.
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The Quarter story

The two most recent quarterly results, compared side-by-side.

LIC Housing Finance delivers steady profit growth and cleaner asset quality, while lending margins face pressure from falling yields and higher funding costs.

Capital adequacy ratio improves from 23.20% in Q2 FY26 to 25.48% in Q1 FY27, strengthening the buffer for future lending.

Net interest margin compresses from 2.68% in Q1 FY26 to 2.58% in Q1 FY27, squeezing core lending profits.

Stage 3 exposure falls from 2.62% in Q1 FY26 to 2.14% in Q1 FY27, showing fewer loans slipping into default.

Lending yields drop from 9.60% in Q1 FY26 to 9.12% in Q1 FY27, reducing income per loan.

Project finance disbursements grow from ₹156 Cr in Q1 FY26 to ₹872 Cr in Q1 FY27, adding a new growth engine.

Incremental cost of funds rises from 6.97% in Q1 FY26 to 7.06% in Q1 FY27, making new borrowing more expensive.

Net profit climbs from ₹1,360 Cr in Q1 FY26 to ₹1,488 Cr in Q1 FY27, confirming steady earnings delivery.

Spreads narrow from 2.10% in Q1 FY26 to 1.84% in Q1 FY27, reflecting tighter pricing power.

Total loan book expands from ₹309,587 Cr in Q1 FY26 to ₹322,098 Cr in Q1 FY27, driven by consistent housing demand.

Return on average equity falls from 15% in Q1 FY26 to 14% in Q1 FY27, indicating slower wealth creation for shareholders.

About the company

LIC Housing Finance Ltd (LICHFL) is one of India's largest housing finance companies. It provides long-term finance for residential property purchase or construction, as well as loans for existing properties, business needs, and professional equipment. The company also finances builders and developers for residential construction projects. LICHFL operates through 9 regional offices, 24 back offices, and 282 marketing offices across India, with overseas representative offices in Dubai and Kuwait. It has several subsidiaries including LICHFL Asset Management Company, LICHFL Care Homes Limited, and LICHFL Financial Services Limited. The company offers various loan products such as housing loans, home renovation loans, plot loans, and top-up loans. As of 2023, LICHFL's loan portfolio exceeded Rs 2.75 lakh crore, with individual housing loans representing 83.16% of its retail portfolio.

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LIC Housing Finance

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