LIC Housing Finance Ltd (NSE: LICHSGFIN, BSE: 500253) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024.
Key Financial Highlights (Standalone)
(₹ in Crore)
Q3 FY25
Q2 FY25
Q3 FY24
YoY Growth
Revenue from Operations
7,057.33
6,925.81
6,792.47
3.9%
Net Interest Income
6,951.61
6,853.44
6,743.73
3.1%
Profit Before Tax (PBT)
1,793.44
1,664.36
1,448.69
23.8%
Net Profit (PAT)
1,431.96
1,328.89
1,162.88
23.2%
Earnings Per Share (EPS)
26.03
24.16
21.14
23.2%
The company's net profit jumped 23.2% YoY to ₹1,431.96 crore, driven by a steady increase in interest income and controlled impairment losses.
Segment-Wise Performance
Loan Disbursements: The company’s total loan book stood at ₹306,143.63 crore as of December 31, 2024, reflecting a YoY growth of 7.9%.
Asset Quality: Gross Non-Performing Assets (GNPA) improved significantly, reducing from 4.26% in Q3 FY24 to 2.74% in Q3 FY25, indicating better loan recovery and quality management.
Provision Coverage Ratio (PCR): Strengthened to 47.56%, demonstrating improved risk management.
Consolidated Financial Performance
(₹ in Crore)
Q3 FY25
Q2 FY25
Q3 FY24
YoY Growth
Revenue from Operations
7,069.99
6,937.72
6,804.19
3.9%
Net Profit (PAT)
1,434.89
1,327.79
1,169.00
22.7%
The consolidated net profit stood at ₹1,434.89 crore, registering a 22.7% YoY growth, attributed to higher earnings across subsidiaries.
Key Ratios & Operational Metrics
Ratio
Q3 FY25
Q3 FY24
Debt-Equity Ratio
8.23
9.07
Net Worth (₹ Crore)
32,639.53
27,626.55
Net Profit Margin (%)
20.29%
17.12%
Liquidity Coverage Ratio (LCR) (%)
187.66%
177.89%
The company maintained strong liquidity with an LCR of 187.66%, reflecting a robust financial position.
Corporate Developments
Appointment of Secretarial Auditor:
The board approved the appointment of M/s BNP & Associates as Secretarial Auditors for a five-year term starting April 1, 2025.
Debt Issuance & Utilization:
The company raised ₹9,680 crore through non-convertible debentures (NCDs) and ₹2,835 crore via commercial papers in Q3 FY25.
Funds were utilized without any deviation as per SEBI regulations.
Management Commentary
T. Adhikari, Managing Director & CEO, LIC Housing Finance Ltd, stated:
"Our Q3 performance showcases strong revenue growth, improved asset quality, and prudent risk management. With a focus on expanding our loan book while maintaining strong underwriting standards, we are confident in sustaining growth momentum in the coming quarters."
Outlook for FY25
Expansion Strategy: LIC Housing Finance aims to expand its loan portfolio, particularly in the affordable housing and urban home loan segments.
Interest Rate Environment: While interest rate volatility remains a challenge, cost of borrowing is expected to stabilize, aiding profitability.
Technology Investments: The company continues to enhance digital lending platforms, streamlining customer experiences and reducing operational costs.
Conclusion
LIC Housing Finance has delivered a solid Q3 FY25 performance, with strong profit growth, improved asset quality, and robust financial ratios. The company remains well-positioned for sustained growth, backed by prudent financial management and strategic initiatives.