Board Meeting Details

The Board meeting was held on October 30, 2026, commenced at 2:30 PM and concluded at 7:15 PM. The meeting was notified via letter Ref.: LICHFL/CS/noticebm dated October 21, 2026.

Key Financial Figures (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26 vs Q1 FY27):

  • Total Income: ₹7,182.53 crore (Q2 FY27) vs ₹7,080.40 crore (Q2 FY26) vs ₹7,065.53 crore (Q1 FY27)
  • Profit Before Tax: ₹1,918.55 crore (Q2 FY27) vs ₹1,704.71 crore (Q2 FY26) vs ₹1,888.43 crore (Q1 FY27)
  • Profit After Tax: ₹1,508.78 crore (Q2 FY27) vs ₹1,353.87 crore (Q2 FY26) vs ₹1,488.32 crore (Q1 FY27)
  • Basic EPS: ₹27.43 (Q2 FY27) vs ₹24.61 (Q2 FY26) vs ₹27.06 (Q1 FY27)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Income: ₹14,246.78 crore (H1 FY27) vs ₹14,249.86 crore (H1 FY26)
  • Profit Before Tax: ₹3,806.98 crore (H1 FY27) vs ₹3,403.87 crore (H1 FY26)
  • Profit After Tax: ₹2,997.10 crore (H1 FY27) vs ₹2,713.79 crore (H1 FY26)
  • Basic EPS: ₹54.49 (H1 FY27) vs ₹49.34 (H1 FY26)

Revenue Breakdown (Q2 FY27):

  • Interest Income: ₹7,112.01 crore
  • Fees and commission income: ₹13.34 crore
  • Net gain on fair value changes: ₹0.00 crore
  • Other operating income: ₹49.73 crore
  • Other income: ₹7.45 crore

Expense Breakdown (Q2 FY27):

  • Finance costs: ₹5,024.15 crore
  • Fees and commission expense: ₹48.52 crore
  • Net loss on fair value changes: ₹1.28 crore
  • Net loss on de-recognition of financial instruments: ₹3.88 crore
  • Impairment on financial instruments: ₹(92.57) crore (credit)
  • Employee Benefits expenses: ₹136.70 crore
  • Depreciation, amortisation and impairment: ₹28.32 crore
  • Other expenses: ₹113.70 crore

Key Financial Figures (Consolidated)

Quarterly Performance (Q2 FY27):

  • Total Income: ₹7,194.43 crore
  • Profit Before Tax: ₹1,919.99 crore
  • Profit After Tax: ₹1,506.59 crore
  • Basic EPS: ₹27.39

Half-Yearly Performance (H1 FY27):

  • Total Income: ₹14,278.30 crore
  • Profit Before Tax: ₹3,821.17 crore
  • Profit After Tax: ₹3,005.62 crore
  • Basic EPS: ₹54.64

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total Assets: ₹330,073.61 crore
  • Loans: ₹321,964.75 crore
  • Investments: ₹4,828.83 crore
  • Cash and cash equivalents: ₹235.23 crore
  • Bank Balance other than cash equivalents: ₹82.05 crore
  • Total Liabilities: ₹286,305.48 crore
  • Debt Securities: ₹142,219.06 crore
  • Borrowings (Other than Debt Securities): ₹130,750.08 crore
  • Deposits: ₹10,219.36 crore
  • Subordinated Liabilities: ₹1,885.42 crore
  • Equity Share Capital: ₹110.08 crore
  • Other Equity: ₹43,658.05 crore

Key Ratios and Metrics

  • Debt equity ratio: 6.51 (Q2 FY27) vs 7.27 (Q2 FY26)
  • Net worth: ₹43,768.13 crore (H1 FY27)
  • Net profit margin: 21.01% (Q2 FY27) vs 19.12% (Q2 FY26)
  • Provision Coverage Ratio (PCR): 48.98% (H1 FY27)
  • Gross NPA: 2.05% (H1 FY27) vs 2.51% (H1 FY26)
  • Net NPA: 1.06% (Q2 FY27) vs 1.19% (Q2 FY26)
  • Liquidity coverage ratio: 205.17% (Q2 FY27) vs 185.86% (Q2 FY26)
  • Security cover for NCDs: 1.24 times (September 30, 2026)

Dividend Information

The members at the Annual General Meeting held on August 28, 2026, approved the payment of final dividend of ₹10 per equity share aggregating to ₹550.06 crore for the year ended March 31, 2026. The dividend was paid to shareholders in September 2026.

Resolution Framework 2.0 Disclosure (as at September 30, 2026):

  • Total exposure to accounts classified as standard consequent to implementation of resolution plan: ₹1,396.46 crore
  • Personal Loans: ₹1,196.07 crore
  • Corporate persons: ₹200.39 crore
  • Amount paid by borrowers during current half year: ₹187.10 crore

Project Finance Disclosure (Q2 FY27):

  • Projects under implementation accounts at beginning of quarter: 85 accounts, ₹2,183.38 crore
  • Projects sanctioned during quarter: 17 accounts, ₹45.88 crore
  • Projects where DCCO achieved during quarter: 1 account, ₹14.30 crore
  • Projects under implementation at end of quarter: 88 accounts, ₹2,253.56 crore

Loan Reclassification

During Q2 FY27, loans aggregating to ₹19,610 crore were reclassified from housing finance to non-housing finance. The reclassification has no material impact on the Company's aggregate loan assets. The impact on Capital Adequacy Ratio (CAR) will be recomputed as part of the annual financial statements.

Fund Raising and Utilization

Non-Convertible Debentures (NCDs):

  • Issued during Q2 FY27: Series 145, ISIN INE115A07RK8, ₹1,000.00 crore (private placement)
  • Total listed NCDs outstanding: 94 series totaling approximately ₹142,219.06 crore
  • All NCDs are secured by negative lien on company assets

Commercial Papers (CPs):

  • Issued during Q2 FY27: 5 instruments totaling ₹7,100.00 crore
  • All proceeds utilized for disclosed purposes with no deviation

Utilization Certificate:

  • No deviation/variation in use of issue proceeds for both NCDs and CPs
  • All funds utilized for purposes disclosed in offer documents

Related Party Transactions (H1 FY27)

Key transactions with related parties:

  • LIC of India: Rent, taxes, electricity expenses, staff benefits, interest expenses, NCD repayments totaling ₹2,082.05 crore
  • Subsidiaries: Various transactions including dividends received, commission expenses, public deposits totaling ₹375.37 crore
  • Directors: Loan outstanding to directors ranging from ₹0.04 crore to ₹0.98 crore

Auditor Review

The financial results were reviewed by joint statutory auditors Shah Gupta & Co. and Batliboi & Purohit, Chartered Accountants, who issued an unmodified review report.

Documents Submitted

The company submitted the following documents to stock exchanges:

1. Unaudited standalone and consolidated Financial Results with Limited Review Report

2. Additional disclosure of ratio/equivalent financial information

3. Security Cover Certificate from Joint Statutory Auditors

4. Statement of utilization of issue proceeds

5. Nil statement of deviation or variation

6. Disclosure of Related Party Transactions

7. Quarterly certificate from CEO/CFO on CP proceeds utilization

Compliance Statements

  • The company has complied with all applicable RBI regulations including Resolution Framework 2.0, NBFC directions
  • No transfer/acquisition of stressed loans during the quarter
  • No material co-lending arrangements as of September 30, 2026
  • All regulatory disclosures made as required under SEBI LODR Regulations