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LICHSGFIN Q3 PAT Dips 3% to ₹1,384 Cr; Asset Quality Improves with Stage 3 at 2.45%
LIC Housing Finance reported a 3% YoY decline in Net Profit to ₹1,383.95 crore for Q3 FY26, while Net Interest Income grew 5% to ₹2,102 crore. The company's loan portfolio expanded by 5% YoY to ₹3,14,268 crore, supported by a 7% growth in individual home loan disbursements. Asset quality improved significantly, with Stage 3 exposure dropping to 2.45% from 2.75% in the previous year. Although NIM remained flat YoY at 2.69%, it showed a positive sequential trend from 2.62% in Q2.
Key Highlights
Net Profit after tax stood at ₹1,383.95 crore, down 3% YoY from ₹1,431.96 crore.
Net Interest Income (NII) increased by 5% YoY to ₹2,102 crore with NIM at 2.69%.
Total disbursements grew 4% to ₹16,096 crore, led by a 7% growth in individual home loans.
Asset quality improved with Stage 3 exposure at default declining to 2.45% from 2.75% YoY.
Outstanding loan portfolio reached ₹3,14,268 crore, marking a 5% YoY growth.
💼 Action for Investors
Investors should monitor the sequential improvement in Net Interest Margins and the steady reduction in Stage 3 assets as positive indicators. The stock remains a core play on the Indian housing market, though the slight dip in bottom-line growth warrants a cautious but steady outlook.
LICHSGFIN Q3 FY26: PAT at ₹1,384 Cr; Loan Book Grows 5% to ₹3.14 Lakh Cr; NPAs Drop to 2.45%
LIC Housing Finance reported a marginal 3% YoY decline in Net Profit to ₹1,383.95 crore for Q3 FY26, despite a 2% growth in revenue. The loan portfolio expanded by 5% to ₹3,14,268 crore, with individual home loans remaining the primary driver. Asset quality improved significantly, with Stage 3 assets (NPAs) falling to 2.45% compared to 2.75% in the previous year. Net Interest Margins (NIM) remained stable at 2.69%, supported by a reduction in the weighted average cost of funds to 7.28%.
Key Highlights
Total outstanding loan portfolio grew 5% YoY to ₹3,14,268 crore as of December 31, 2025.
Individual home loan disbursements increased by 7% YoY to ₹13,094 crore during the quarter.
Stage 3 EAD (Asset Quality) improved to 2.45% from 2.75% YoY, with Provision Coverage Ratio (PCR) rising to 54%.
Net Interest Income (NII) rose 5% YoY to ₹2,102 crore, while Net Interest Margins (NIM) stood at 2.69%.
Weighted average cost of funds decreased to 7.28% from 7.78% in the same period last year.
💼 Action for Investors
Investors should focus on the improving asset quality and declining cost of funds, which provide a cushion against the slight dip in bottom-line growth. The stock remains a steady play on the housing finance sector with a strong parentage and improving structural metrics.
LIC Housing Finance Q3 FY26 Results Approved; Re-appoints Independent Director
LIC Housing Finance has approved its financial results for the third quarter of FY26, maintaining regulatory compliance with no deviations in fund utilization. The consolidated subsidiaries contributed ₹12.61 crore to the quarterly profit on a revenue base of ₹38.91 crore. Management stability is reinforced by the re-appointment of Independent Director Jagennath Jayanthi for another five-year term. Investors should monitor the core mortgage business performance and asset quality metrics in the detailed report.
Key Highlights
Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Consolidated subsidiaries reported a total revenue of ₹38.91 crore and a net profit of ₹12.61 crore for Q3 FY26.
Year-to-date (9M FY26) subsidiary revenue reached ₹97.98 crore with a net profit of ₹22.40 crore.
Smt. Jagennath Jayanthi re-appointed as Independent Director for a second 5-year term effective February 5, 2026.
Confirmed 'Nil' deviation in the utilization of issue proceeds for non-convertible debentures and commercial papers.
💼 Action for Investors
Investors should examine the detailed standalone financial statements to assess Net Interest Margins and asset quality trends. The re-appointment of an experienced director supports board stability and governance.
LICHSGFIN Shareholders Approve Doraiswamy Ramachandran as Chairman with 85.26% Majority
LIC Housing Finance Limited has successfully passed a postal ballot resolution to appoint Shri Doraiswamy Ramachandran as a Non-Executive (LIC Nominee) Director and Chairman. The resolution received 85.26% of the total votes in favor, with a high overall voter turnout of 83.47%. While the promoter group voted entirely in favor, there was notable dissent from public institutional investors, where 32.21% of votes were cast against the appointment. This leadership change formalizes the company's board structure under the guidance of its parent entity, LIC.
Key Highlights
Shri Doraiswamy Ramachandran appointed as Chairman with 39.14 crore votes in favor (85.26%).
Total voter turnout reached 83.47% of outstanding shares, representing 45.91 crore total votes.
Significant institutional dissent noted, with 32.21% of institutional votes (6.77 crore shares) cast against the resolution.
Promoter and Promoter Group (LIC) supported the resolution with 100% of their 24.88 crore shares.
Public non-institutional shareholders overwhelmingly supported the move with 96.20% votes in favor.
💼 Action for Investors
Investors should recognize the appointment as a standard alignment with the parent company (LIC), though the high institutional dissent suggests some shareholders may have preferred an independent chair. Monitor for any shifts in strategic direction under the new leadership.