LIC Housing Finance (LICHSGFIN) Q4 24/25 earnings summary

Executive summary

• Q4 revenue from operations increased 5% year-over-year to INR 7,283 crore, with total loan portfolio at INR 3,07,732 crore, up 7.38% from last year.

• Individual home loans comprise 85% of the portfolio, with disbursements in this segment up 8% year-over-year.

• Net interest income for Q4 was INR 2,166 crore, and PAT rose 25% to INR 1,368 crore; FY25 PAT was INR 5,429 crore, up 14% year-over-year.

• Dividend declared at INR 10 per share (500% of face value), up from INR 9 last year.

• Auditors issued an unmodified opinion on both standalone and consolidated results.

Financial highlights

• Net interest margin (NIM) for Q4 was 2.86%, down from 3.15% last year; NIM for FY25 at 2.73%, down from 3.08% last year.

• Total provisions as of March 2025 were INR 4,899 crore, with a provision coverage ratio of 51%.

• Earnings per share for FY25 at INR 98.70, up from INR 86.63 in FY24.

• Capital adequacy ratio at 21.49% as of March 2025.

• Cost of funds declined to 7.73% for the year.

Outlook and guidance

• NIM guidance for FY2026 is in the range of 2.6% to 2.8%.

• Disbursement and loan book growth targeted at double digits, with disbursement growth of at least 10-12%.

• Asset quality expected to improve further, aiming for GNPA below 2.2%.

• Credit cost expected to remain low, targeted at 9-15 basis points.

• Focus remains on individual home loans as the core business.