LIC Housing Finance Ltd reported a 1.6% rise in second-quarter profit on Wednesday, aided by stable loan demand and improved interest income.
The company’s consolidated net profit after tax came in at ₹1,349 crore for the quarter ended Sept 30, compared with ₹1,328 crore a year earlier.
Net interest income (NII) rose 3.3% to ₹2,048 crore from ₹1,981 crore last year.
LIC Housing, one of India’s largest mortgage lenders, has been benefiting from sustained housing demand and a gradual shift towards affordable and mid-income segments.
LIC Housing Q1 results
LIC Housing Finance Ltd posted a 4.4% year-on-year increase in net profit for the June quarter, coming in at ₹1,364 crore compared with ₹1,306 crore a year ago.
The company’s revenue from operations rose 7% to ₹7,233 crore, while net interest income (NII) also edged up 4% YoY to ₹2,076 crore.Total disbursements during the quarter stood at ₹13,116 crore, up from ₹12,915 crore in Q1 FY25. Of this, individual home loan disbursements accounted for ₹11,247 crore, up 3% YoY. However, project loan disbursements declined sharply to ₹156 crore from ₹521 crore in the same quarter last year.
Shares of the company ended up 1.4% ahead of the results today, at a price of ₹593.40 on the BSE.
