LIC Housing Finance Q1 PAT Rises 9.4% To ₹1,488 Cr

LIC Housing Finance has reported a 9.4% year-on-year rise in standalone net profit for the first quarter of FY27, supported by higher loan disbursements and steady growth in its loan portfolio. The company posted a profit after tax (PAT) of ₹1,488.32 crore for the quarter ended June 30, 2026, compared with ₹1,359.92 crore in the corresponding quarter last year.

The company's total loan disbursements grew 14.5% year-on-year to ₹15,014 crore from ₹13,116 crore. Individual home loan disbursements increased 8% to ₹12,119 crore, while non-housing individual loans rose 20% to ₹1,975 crore. Project loan disbursements surged 459% to ₹872 crore from ₹156 crore in the year-ago period.

Revenue from operations slipped 1% to ₹7,062.45 crore from ₹7,169.32 crore. Net interest income (NII) remained stable at ₹2,075.52 crore against ₹2,064.71 crore a year earlier. Net interest margin (NIM) eased to 2.58% from 2.68%.

The company's outstanding loan portfolio expanded 4% year-on-year to ₹3,22,098 crore as of June 30, 2026. The individual home loan portfolio rose to ₹2,71,979 crore, while the project loan portfolio increased to ₹9,687 crore. Asset quality also strengthened during the quarter, with Expected Credit Loss (ECL) provisions declining to ₹4,398.43 crore from ₹5,051.27 crore a year ago.

Managing Director and CEO Tribhuwan Adhikari said the company's customer-focused strategy and operational discipline supported its quarterly performance. He added that LIC Housing Finance expects a stable interest rate environment and India's growth momentum to provide favourable conditions for the housing finance sector, despite global geopolitical uncertainties.

The company's improved asset quality and stable net interest income are expected to support its growth in the coming quarters. The housing finance sector is also expected to benefit from the government's efforts to boost housing demand and improve affordability.

In terms of outlook, the company is expected to continue its growth trajectory, driven by its strong loan portfolio and improving asset quality. The company's focus on customer-centric approach and operational discipline is expected to support its performance in the coming quarters.

The growth in the housing finance sector is also expected to be driven by the government's initiatives to boost housing demand and improve affordability. The sector is expected to benefit from the stable interest rate environment and India's growth momentum, despite global geopolitical uncertainties.

Overall, LIC Housing Finance's Q1 performance is a positive indicator of the company's growth prospects and its ability to navigate the challenges in the housing finance sector. The company's strong loan portfolio, improving asset quality, and customer-centric approach are expected to support its growth in the coming quarters.

The company's results are also a reflection of the overall trend in the housing finance sector, which is expected to continue its growth trajectory in the coming quarters. The sector is expected to benefit from the government's initiatives to boost housing demand and improve affordability, as well as the stable interest rate environment and India's growth momentum.

In conclusion, LIC Housing Finance's Q1 performance is a positive indicator of the company's growth prospects and its ability to navigate the challenges in the housing finance sector. The company's strong loan portfolio, improving asset quality, and customer-centric approach are expected to support its growth in the coming quarters, driven by the government's initiatives to boost housing demand and improve affordability, as well as the stable interest rate environment and India's growth momentum.