Financial Performance - Q2 FY27 (Quarter Ended September 2026)

Key Metrics (YoY Comparison):

  • Revenue from operations: ₹7,175 Cr (vs ₹7,074 Cr in Q2 FY26) - up 1%
  • Net Interest Income: ₹2,088 Cr (vs ₹2,038 Cr in Q2 FY26) - up 2%
  • Profit Before Tax: ₹1,918.55 Cr (vs ₹1,704.71 Cr in Q2 FY26) - up 13%
  • Net Profit After Tax: ₹1,508.78 Cr (vs ₹1,353.87 Cr in Q2 FY26) - up 11%
  • Net Interest Margin: 2.58% (vs 2.62% in Q2 FY26)
  • Outstanding Loan Portfolio: ₹326,173 Cr (vs ₹311,816 Cr as of September 30, 2025) - up 5%

Disbursement Performance:

  • Total disbursements: ₹18,127 Cr (vs ₹16,313 Cr in Q2 FY26) - up 11%
  • Retail Loan disbursements: ₹17,563 Cr (vs ₹15,935 Cr in Q2 FY26) - up 10%
  • Project Loan disbursements: ₹564 Cr (vs ₹378 Cr in Q2 FY26) - up 49%

Loan Portfolio Composition:

  • Retail Loan portfolio: ₹316,433 Cr as of September 30, 2026 (vs ₹303,084 Cr as of September 30, 2025) - up 4%
  • Project Loan portfolio: ₹9,740 Cr as of September 30, 2026 (vs ₹8,732 Cr as of September 30, 2025) - up 12%

Asset Quality (Under IndAS 109):

  • Provisions for Expected Credit Loss: ₹4,292 Cr as of September 30, 2026 (vs ₹5,074 Cr as of September 30, 2025)
  • Coverage on Stage 3: 49% as of September 30, 2026
  • Stage 3 exposure: 2.05% as of September 30, 2026 (vs 2.51% as of September 30, 2025 and 2.14% as of June 30, 2026)

Financial Performance - H1 FY27 (Six Months Ended September 2026)

Key Metrics (YoY Comparison):

  • Revenue from operations: ₹14,236 Cr (vs ₹14,243 Cr in H1 FY26) - down 0.05%
  • Total Income Including Other Income: ₹14,247 Cr (vs ₹14,250 Cr in H1 FY26) - down 0.02%
  • Net Interest Income: ₹4,163 Cr (vs ₹4,102 Cr in H1 FY26) - up 1%
  • Net Profit Before Tax: ₹3,806.98 Cr (vs ₹3,403.87 Cr in H1 FY26) - up 12%
  • Net Profit After Tax: ₹2,997.10 Cr (vs ₹2,713.79 Cr in H1 FY26) - up 10%
  • Net Interest Margin: 2.57% (vs 2.65% in H1 FY26)

Disbursement Performance:

  • Total disbursements: ₹33,140 Cr (vs ₹29,429 Cr in H1 FY26) - up 13%
  • Retail Loan disbursements: ₹31,704 Cr (vs ₹28,895 Cr in H1 FY26) - up 10%
  • Project Loan disbursements: ₹1,436 Cr (vs ₹534 Cr in H1 FY26) - up 169%

Management Commentary

Shri. Sandeep Kumar, Managing Director & Chief Executive Officer, stated: "The housing finance sector has remained resilient in the last quarter with stable demand in the retail housing segment. Our performance during this quarter reflects our continued focus on sustainable growth, customer-centricity and operational efficiency. Our priority remains to strengthen our market presence while making homeownership accessible to a wider section of customers. In the near future, we expect borrower sentiment to remain positive, which will be supported by underlying strength of the Indian economy, favourable demographics and ongoing government focus on housing."

Company Background

LIC Housing Finance Ltd is the largest housing finance company in India with one of the widest networks of offices across the country and a representative office in Dubai. The company also distributes its products through branches of its subsidiary LIC HFL Financial Services Ltd. The company was promoted by Life Insurance Corporation in 1989 and had a public issue in 1994. It enjoys the highest rating from CRISIL & CARE indicating the highest safety regarding the ability to service interest and repay principal.