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

Executive summary

• Q4 revenue from operations grew 5% year-over-year to INR 7,283 crore, with total loan portfolio rising 7.38% to INR 3,07,732 crore as of March 31, 2025.

• Individual home loans comprise 85% of the portfolio, growing 7% year-over-year; disbursements in this segment rose 8%.

• PAT for Q4 increased 25% year-over-year to INR 1,367.96 crore; full-year PAT up 14% to INR 5,429.02 crore.

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

• Audited standalone and consolidated financial results for FY25 were approved, with auditors issuing an unmodified opinion.

Financial highlights

• Net interest income for Q4 was INR 2,166 crore, up from INR 2,000 crore in Q3, but declined 3% year-over-year.

• Net interest margin for Q4 stood at 2.86%, down from 3.15% in Q4 last year; FY25 NIM at 2.73%, down from 3.08% in FY24.

• EBITDA for Q4 was INR 1,769.58 crore, up 20% year-over-year.

• 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.

Outlook and guidance

• Management expects NIM to be maintained in the 2.6%-2.8% range for FY2026.

• 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% and credit cost to remain low (9-15 bps).

• Affordable housing segment targeted for INR 2,000 crore disbursement in FY2026.

• Focus remains on individual home loans, comprising 85% of the portfolio.