In This Article:
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Total Revenue from Operations: INR 7,283 crores, up 5% from INR 6,936 crores in the previous year.
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Total Loan Portfolio: INR 3,07,732 crores, reflecting a growth of 7.38% from INR 2,86,884 crores.
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Individual Home Loan Portfolio: INR 2,61,562 crores, up 7% from INR 2,44,205 crores.
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Total Disbursements: INR 19,156 crores, a 5% increase from INR 18,232 crores.
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Net Interest Income (NII): INR 2,166 crores for the quarter, compared to INR 2,000 crores in Q3 FY24.
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Net Interest Margins (NIM): 2.86% for the quarter, down from 3.15% in Q4 FY24.
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Profit Before Tax (PBT): INR 1,769.58 crores, a 20% increase from INR 1,476.18 crores.
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Profit After Tax (PAT): INR 1,367.96 crores, up 25% from INR 1,094.82 crores.
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Dividend Declared: 500%, equivalent to INR 10 per share.
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Stage 3 Exposure at Default: 2.47%, improved from 3.31% as of March 31, 2024.
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Total Provisions: INR 4,899 crores with a Stage 3 Provision Coverage Ratio of 51%.
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Cumulative Cost of Funds: 7.73% as of March 31, 2025, down from 7.78% as of December 31, 2024.
Release Date: May 16, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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LIC Housing Finance Ltd (BOM:500253) reported a 5% increase in total revenue from operations, reaching INR7,283 crores compared to the previous year.
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The company's total loan portfolio grew by 7.38%, standing at INR3,07,732 crores as of March 31, 2025.
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Net interest margins improved to 2.86% for the quarter, up from 2.70% in the previous quarter.
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The company declared a 500% dividend, equivalent to INR10 per share, indicating strong shareholder returns.
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Asset quality showed improvement with Stage 3 exposure at default reducing to 2.47% from 3.31% the previous year.
Negative Points
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Despite the repo rate cuts, liquidity conditions remained constrained, contributing to higher market yields.
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Net interest income decreased to INR2,166 crores from INR2,238 crores in the previous fiscal year.
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The project loan disbursements decreased significantly to INR875 crores from INR1,501 crores in the previous year.
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The company's net interest margins for the year declined to 2.73% from 3.08% the previous year.
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There is increased competition from banks offering lower home loan rates, which may pressure LIC Housing Finance Ltd (BOM:500253) to reduce its rates further.
Q & A Highlights
Q: You mentioned a 25 basis point reduction in PLR effective April 1. Has the entire individual loan book been repriced? A: Yes, the entire individual loan book has been repriced. The cost of funds has decreased to around 7.3% following the repo rate cut.