LIC Housing Finance (LICHSGFIN) Q2 25/26 earnings summary

Executive summary

• Revenue from operations rose 3% year-over-year to INR 7,163 crore in Q2 FY2026, with the loan portfolio growing 6% to INR 3,11,816 crore and PAT up 2% to INR 1,353.87 crore.

• Individual housing loans constitute 85% of the portfolio, with disbursements in this segment up 3% YoY and 24% sequentially.

• Net interest income was INR 2,038 crore, with net interest margin at 2.62%, down from 2.71% YoY.

• Financial statements were prepared in compliance with Indian Accounting Standards and SEBI regulations, with no deviations in fund utilization.

• Unaudited standalone and consolidated financial results for Q2 and H1 FY2026 were approved and reviewed by the Audit Committee and Board.

Financial highlights

• Standalone revenue from operations for Q2 FY26: ₹7,163.32 crore (up from ₹6,853.44 crore YoY); H1 FY26: ₹14,396.45 crore.

• Standalone net profit for Q2 FY26: ₹1,353.87 crore (up from ₹1,328.89 crore YoY); H1 FY26: ₹2,713.79 crore.

• Disbursements for Q2 FY26 were ₹16,313 crore, nearly flat year-over-year; individual housing loan disbursements up 3%.

• Net interest margins for H1 FY26 at 2.65%, down from 2.73% in H1 FY25.

• Basic EPS (standalone) for H1 FY26: ₹49.34 (up from ₹47.80 YoY).

Outlook and guidance

• Management expects Q3 and Q4 to be stronger, aiming for double-digit growth in disbursements and loan book by year-end.

• Credit costs are guided to remain within 15-22 basis points, with further improvement expected as large legacy loans are resolved.

• NIMs are expected to remain in the 2.6%-2.8% range, with further cost of funds compression anticipated.

• Financial results reviewed and approved by the Board and Audit Committee, with limited review by joint statutory auditors.

• No material misstatements or adverse findings reported by auditors.