Housing Finance company LIC Housing Finance announced Q3FY25 results Total disbursements were Rs 15,475 crore in Q3FY25 as against Rs 15,184 crore for Q3FY24, up by 2 %. Out of this, disbursement in the Individual Home Loan segment stood at Rs 12,248 crore against Rs 12868 crore, whereas project loans were Rs 983 crore compared with Rs 375 crore for Q3FY24, up by 162%. The Company's Revenue from operations was Rs 7,057 crore as against Rs 6,792 crore, a growth of 4 %. Net Interest Income (NII) was Rs 2,000 crore, as against Rs 2,097 crore for Q3FY24. Net Profit after tax stood at Rs 1,431.96 crore compared with Rs 1,162.88 crore during Q3FY24, up by 23 %. The Individual Home loan portfolio stood at Rs 2,54,652 crore as against Rs 2,38,499 crore, a growth of 7 %. Project Loan portfolio stood at Rs 8,776 crore as on December 31, 2024, as against Rs 8,569 crore as on December 31, 2023, up by 2%. Total outstanding portfolio grew by 6 % to Rs 2,99,144 crore from Rs 2,81,206 crore. Net Interest Margin (NIM) for Q3FY25 was 2.70 % as against 3.00 % in December 31, 2023 and 2.71% for September 30, 2024. Under IndAS 16, asset classification and provisioning changes for future credit loss are reported on an Expected Credit Loss (ECL) basis. As per the same methodology, the provisions for ECL stood at Rs 4,974 crore as on December 31, 2024 with a coverage of 48 %, as against Rs 6890 crore as on December 31, 2023 and Rs 5,458 crore as on September 30, 2024. The stage 3 exposure at default as on December 31, 2024 stood at 2.75 % as against 4.26 % as on December 31, 2023 and 3.06 % as on September 30, 2024. Tribhuwan Adhikari, Managing Director & Chief Executive Officer, LIC Housing Finance, said: Overall performance in Q3 has been encouraging. Our unwavering commitment centers around customer-focused innovations, diversified product offerings, and an enhanced customer experience to meet our clients' evolving needs. The affordable housing segment continues to be our key focus area and hopefully, there will be a positive thrust from the government in the forthcoming budget. JanFeb-March is the most important business period for our company and we expect to close the financial year with healthy numbers. Result PDF
Conference Call with LIC Housing Finance Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.