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LICHSGFIN - LIC Housing Fin.

📊 NSE: LICHSGFIN 🏢 Finance - Housing 📅 Last Updated: 12/14/2025 9:15

📢 Recent Corporate Announcements

LIC Housing Finance Shareholders Approve Re-appointment of Independent Director with 96.18% Votes

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Mar 2026, 08:03 PM

LIC Housing Finance Limited has announced the successful passage of a special resolution for the re-appointment of Smt. Jagennath Jayanthi as a Non-Executive Independent Director. The resolution received strong support, with 96.18% of the total 45.79 crore votes cast in favor. While the promoter group voted unanimously in favor, approximately 8.37% of public institutional votes were cast against the resolution. The voting process, conducted via postal ballot, concluded on March 13, 2026, with a total shareholder participation rate of 83.25%.

Special resolution for re-appointment of Smt. Jagennath Jayanthi passed with a 96.18% majority.
Total votes polled amounted to 45.79 crore, representing 83.25% of the total outstanding shares.
Promoter group cast 24.88 crore votes, representing 100% support from the parent entity.
Public institutional investors cast 1.75 crore votes (8.37% of their category) against the resolution.
The appointment ensures continuity in the company's non-executive independent leadership.

💡 This is a routine governance update ensuring board stability. Investors should view this as a standard procedural approval with no immediate impact on stock valuation.

LIC Housing Finance Proposes Re-appointment of Jagennath Jayanthi as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Feb 2026, 05:22 PM

LIC Housing Finance has issued a postal ballot notice seeking shareholder approval for the re-appointment of Smt. Jagennath Jayanthi as a Non-Executive Independent Director. The proposed re-appointment is for a second term of five consecutive years, effective from February 5, 2026, to February 4, 2031. The resolution is being proposed as a Special Resolution, requiring a 75% majority for approval. E-voting for eligible shareholders will take place between February 12 and March 13, 2026.

Proposed re-appointment of Smt. Jagennath Jayanthi for a second 5-year term as Independent Director.
The new term is scheduled to run from February 5, 2026, until February 4, 2031.
Approval is sought via Special Resolution through a Postal Ballot (electronic voting only).
E-voting period commences on February 12, 2026, and concludes on March 13, 2026.
The cut-off date for determining shareholder eligibility to vote was February 6, 2026.

💡 This is a routine governance matter regarding board continuity; shareholders should review the director's credentials and cast their votes through the e-voting platform before the March 13 deadline.

LIC Housing Finance Opens One-Year Window for Physical Share Transfer Re-lodgement

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Feb 2026, 05:37 PM

LIC Housing Finance has announced the opening of a special window for shareholders to re-lodge transfer requests for physical shares. This facility is being provided in compliance with a SEBI circular dated January 30, 2026, aimed at assisting investors with physical certificate issues. The window will remain operational for a period of one year, specifically from February 05, 2026, to February 04, 2027. This is a procedural update and does not impact the company's financial operations or business fundamentals.

Special window for physical share transfer re-lodgement active for one year.
The window period is defined from February 05, 2026, to February 04, 2027.
Action taken following SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026.
Public notice regarding the facility was published in newspapers on February 7, 2026.

💡 Shareholders holding physical share certificates with pending transfer issues should utilize this window to regularize their holdings. Investors holding shares in demat form are unaffected and require no action.

LIC Housing Finance Releases Q3 FY2026 Earnings Conference Call Transcript

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 05:59 PM

LIC Housing Finance has officially released the transcript of its earnings conference call for the third quarter of FY2025-26, which was held on February 2, 2026. The document provides a detailed record of the discussion between management and analysts regarding the unaudited financial results for the period ended December 31, 2025. This disclosure is a mandatory compliance requirement under SEBI (LODR) Regulations to ensure transparency for all shareholders. Investors can access the full text on the company's website to gain deeper insights into management's commentary on loan growth and asset quality.

Transcript of the Q3 FY2025-26 earnings call held on February 2, 2026, is now publicly available.
The filing is in compliance with Regulation 46 (2) (oa) of SEBI (LODR) Regulations, 2015.
The call focused on the unaudited financial performance for the nine-month period ending December 31, 2025.
Management provided commentary on the housing finance sector's outlook and company-specific operational metrics.

💡 Investors should review the transcript to understand management's stance on Net Interest Margins (NIMs) and credit cost trends. This document is essential for evaluating the qualitative aspects of the company's recent financial performance.

LIC Housing Finance Releases Q3 FY2025-26 Earnings Call Recording and Investor Presentation

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 02 Feb 2026, 05:09 PM

LIC Housing Finance Limited has officially released the audio recording and investor presentation for its Q3 FY2025-26 earnings call held on February 2, 2026. The materials provide detailed insights into the company's financial performance for the quarter ended December 31, 2025. This disclosure follows the company's conference call with analysts and institutional investors to discuss unaudited results. Access to these materials ensures transparency for shareholders regarding management's commentary on business growth and asset quality.

Release of investor presentation and audio recording for Q3 FY2025-26 results.
The conference call was conducted on February 2, 2026, at 11:30 AM IST.
Covers financial performance for the third quarter ended December 31, 2025.
Compliance with Regulation 46 (2) (oa) of SEBI (LODR) Regulations, 2015.
Materials are now publicly available on the company's official website for investor review.

💡 Investors should review the presentation and call recording to understand management's guidance on Net Interest Margins (NIMs) and loan book growth. Particular attention should be paid to any updates on asset quality trends in the affordable housing segment.

LICHSGFIN Q3 PAT Dips 3% to ₹1,384 Cr; Asset Quality Improves with Stage 3 at 2.45%

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 11:03 PM

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.

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.

💡 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%

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 30 Jan 2026, 10:52 PM

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%.

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.

💡 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 Re-appoints Ms. Jagennath Jayanthi as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jan 2026, 09:54 PM

LIC Housing Finance Limited has announced the re-appointment of Ms. Jagennath Jayanthi as an Independent Director on its board. This appointment is scheduled to take effect from February 05, 2026, following the conclusion of her current term. The move ensures continuity in the company's corporate governance and board-level oversight. As a routine administrative update, it signifies stability in the leadership structure of the housing finance major.

Ms. Jagennath Jayanthi re-appointed as an Independent Director of the company.
The re-appointment is effective from February 05, 2026.
The official disclosure was signed and dated January 30, 2026.
Ensures board continuity and adherence to regulatory governance standards.

💡 No immediate action is required as this is a routine board re-appointment. Investors should continue to monitor the company's quarterly financial performance and loan book growth.

LIC Housing Finance Q3 FY26 Results Approved; Re-appoints Independent Director

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 30 Jan 2026, 09:30 PM

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.

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.

💡 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.

LIC Housing Finance to Host Q3 FY26 Earnings Call on February 2, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 28 Jan 2026, 11:06 AM

LIC Housing Finance Limited has scheduled its earnings conference call for the third quarter of FY26 on February 2, 2026, at 11:30 AM IST. This follows the Board of Directors meeting scheduled for January 30, 2026, where the unaudited financial results for the quarter ended December 31, 2025, will be considered. The call will feature MD & CEO Mr. Tribhuwan Adhikari and CFO Mr. Lokesh Mundhra, providing insights into the company's quarterly performance. Axis Capital is hosting the event, which includes a management discussion followed by an interactive Q&A session.

Earnings call scheduled for February 02, 2026, at 11:30 AM IST following Q3 results.
Board meeting to approve Q3 FY26 financial results is set for January 30, 2026.
Top management including MD & CEO Tribhuwan Adhikari and CFO Lokesh Mundhra will represent the company.
The call is hosted by Axis Capital with international dial-in options for HK, Singapore, UK, and USA.
Audio recordings of the call will be made available on the company's website post-event.

💡 Investors should monitor the financial results on January 30 and join the call on February 2 to assess management's commentary on loan growth and asset quality.

LICHSGFIN Shareholders Approve Doraiswamy Ramachandran as Chairman with 85.26% Majority

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 12:45 PM

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.

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.

💡 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.

LIC Housing Finance Submits Quarterly SEBI Compliance Certificate for Dec 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jan 2026, 05:32 PM

LIC Housing Finance Limited has submitted its quarterly confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Registrar MUFG Intime India Private Limited, confirms that all securities received for dematerialization during the quarter ended December 31, 2025, were processed within prescribed timelines. It further verifies that physical certificates were cancelled and the register of members was updated accordingly. This is a standard administrative filing required for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation that dematerialization requests were processed and securities listed on exchanges.
Physical certificates were mutilated and cancelled after due verification by the RTA.
Registrar MUFG Intime India Private Limited confirmed adherence to all regulatory timelines.

💡 This is a routine regulatory filing with no impact on the company's fundamentals. No action is required from investors based on this announcement.

LIC Housing Finance Receives GST Demand and Penalty of Rs 92.05 Lakh in Jharkhand

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 29 Dec 2025, 06:03 PM

LIC Housing Finance has received a demand notice from the Deputy Commissioner of CGST & CE, Jharkhand, for the period FY 2018-19 to FY 2022-23. The total demand includes a GST amount of Rs 43,65,487 and a penalty of Rs 48,39,993, totaling approximately Rs 92.05 lakhs. The allegations involve short payment of tax and excess availment of Input Tax Credit (ITC). The company has stated that there is no material impact on its operations and it intends to appeal the order before the Commissioner (Appeals) in Ranchi.

Total financial demand of Rs 92.05 lakhs including GST and penalties
Demand pertains to a five-year period from FY 2018-19 to FY 2022-23
Issues cited include tax short payment and excess Input Tax Credit (ITC) claims
Company to file an appeal before the Commissioner (Appeals), Ranchi, Jharkhand
Management confirms no material impact on the company's financial or operational activities

💡 No action is required as the demand amount is negligible relative to the company's size and profitability. This is a routine tax-related regulatory disclosure.

LIC Housing Finance to Close Trading Window from January 1, 2026, for Q3 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Dec 2025, 02:44 PM

LIC Housing Finance Limited has announced the closure of its trading window for designated persons starting January 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations ahead of the declaration of financial results. The closure pertains to the unaudited financial results for the third quarter ending December 31, 2025. The window will remain shut until 48 hours after the results are officially declared to the exchanges.

Trading window closure commences on January 1, 2026.
The closure is in anticipation of the Q3 FY2025-26 unaudited financial results.
Window will reopen 48 hours after the financial results are declared.
Applies to all designated persons, connected persons, and their immediate relatives.
Compliance updated on designated depository for SDD as of December 26, 2025.

💡 This is a routine regulatory announcement; investors should monitor the company's future announcements for the specific date of the Q3 earnings release.

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💰 Financial Performance

Revenue Growth by Segment

Total revenue for FY 2024-25 reached INR 28,056.22 Cr, representing a 3.02% increase from INR 27,234.64 Cr in the previous year. The primary segment is Housing Finance, which constitutes the principal revenue source. Retail business showed a 24% quarter-on-quarter growth from Q1 to Q2 FY2026.

Geographic Revenue Split

Not disclosed in available documents, though the company maintains an extensive geographical presence across India to support its INR 3,09,587 Cr AUM.

Profitability Margins

Net Interest Margin (NIM) stood at 2.62% in Q2 FY2026, a slight decline from 2.71% in Q2 FY2025. Return on Average Managed Assets (AMA) was 1.8% for FY2025 and 1.7% for Q1 FY2025. Return on Average Net Worth (RONW) was 16.0% in FY2025, compared to 16.3% in FY2024.

EBITDA Margin

Profit Before Tax (PBT) for Q2 FY2026 was INR 1,704.71 Cr, up 0.32% from Q1 FY2026. Profit After Tax (PAT) for Q2 FY2026 was INR 1,353.87 Cr, a 2% increase YoY. Core profitability is impacted by competitive pricing pressures in the salaried home loan segment.

Capital Expenditure

Not disclosed in available documents; however, the company focuses on IT infrastructure and digital transformation to manage its INR 3,09,587 Cr loan book.

Credit Rating & Borrowing

The company maintains a strong credit profile supported by its parent, LIC. It raises funds through NCDs, Commercial Paper (CP), and NHB lines. Gearing levels improved to 7.4 times as of June 30, 2025, down from 8.2 times in March 2024.

⚙️ Operational Drivers

Raw Materials

The primary 'raw material' is capital/debt, comprising Bank Loans, Non-Convertible Debentures (NCDs), Commercial Paper, and Public Deposits. Interest expense is the largest cost component.

Import Sources

Domestic financial markets including public and private sector banks, insurance companies, mutual funds, and pension funds.

Key Suppliers

Key lenders and funding providers include LIC (parent), National Housing Bank (NHB), and various public and private sector banks.

Capacity Expansion

Current AUM is INR 3,09,587 Cr as of June 30, 2025. The company aims to increase the business contribution from its subsidiary, LICHFL Financial Services (FSL), from the current 10% to 25% in the coming year.

Raw Material Costs

Cost of funds is managed through a diversified borrowing base. Interest rate risk exists as assets are primarily floating rate while a higher share of liabilities is fixed rate.

Manufacturing Efficiency

Operational efficiency is measured by Net Profit per employee, which stood at INR 2.14 Cr in FY2025.

Logistics & Distribution

Distribution is handled through an extensive branch network and the LIC agency network, which aids in brand sharing and low-cost sourcing.

📈 Strategic Growth

Expected Growth Rate

10%

Growth Strategy

The company plans to achieve 10% growth in disbursements and loan book by leveraging its subsidiary LICHFL FSL (targeting 25% business contribution) and focusing on the high-productivity Q3 and Q4 quarters. It prioritizes profitability over aggressive growth to maintain margins.

Products & Services

Individual home loans (primarily to the salaried segment), construction finance, developer loans, and insurance distribution services.

Brand Portfolio

LIC Housing Finance Limited (LICHFL).

New Products/Services

Expansion of insurance distribution (general and life) through the FSL subsidiary to increase fee-based income.

Market Expansion

Strengthening the FSL channel by increasing marketing force and recruitment to capture a larger share of the retail housing market.

Market Share & Ranking

LICHFL is the largest Housing Finance Company (HFC) in India with an AUM of INR 3,09,587 Cr.

Strategic Alliances

Strong parentage linkage with LIC (45.2% stake) providing operational, financial, and branding support.

🌍 External Factors

Industry Trends

The HFC industry is seeing increased competition from banks. LICHFL is positioning itself by maintaining a Liquidity Coverage Ratio (LCR) of 177%, well above the 85% regulatory requirement, to ensure stability during market volatility.

Competitive Landscape

Faces intense competition from large commercial banks and other leading HFCs, particularly for high-quality salaried borrowers.

Competitive Moat

Moat is derived from the 'LIC' brand and a massive distribution network. This provides a sustainable cost-of-funds advantage and trust in the retail segment, though it is challenged by aggressive bank pricing.

Macro Economic Sensitivity

Sensitive to interest rate cycles and urbanisation trends. Rapid urbanisation and government incentives for housing drive demand for home loans.

Consumer Behavior

Shift toward nuclear families and increasing societal acceptance of credit are driving long-term demand for housing finance.

Geopolitical Risks

Low direct impact; however, indirect risks include macro-economic shifts affecting interest rates and government borrowing.

⚖️ Regulatory & Governance

Industry Regulations

Regulated by the Reserve Bank of India (RBI) with supervisory oversight by the National Housing Bank (NHB). Must maintain specific LCR and Capital Adequacy (CRAR) thresholds.

Environmental Compliance

Direct environmental risk is low due to the service-oriented model. ESG monitoring focuses on indirect credit risk from environmentally sensitive segments.

Taxation Policy Impact

Complies with Indian Accounting Standards (Ind AS) and Section 133 of the Companies Act, 2013.

Legal Contingencies

The company manages legal risks through a dedicated team for title verification. Specific values for pending court cases are not disclosed, but the company focuses on minimizing customer complaints to reduce legal exposure.

⚠️ Risk Analysis

Key Uncertainties

Asset quality in the wholesale segment (GS3 at ~25%) and potential slippages from the INR 1,833 Cr restructured loan pool represent key financial uncertainties.