LIC Housing Finance Q2 results: Net profit rises 1.6% YoY, NII up 3.3%

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 net profit 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.