LIC Housing Finance , one of India's leading housing finance companies, has reported a 4.6% increase in its net profit for the first quarter. The company's profit after tax stood at ₹1,359.92 crore for the quarter ended June 30, compared to ₹1,300.21 crore in the same period last year.

Financial Highlights

• Revenue Growth: Total revenue from operations grew to ₹7,233.13 crore from ₹6,783.67 crore year-on-year, marking a 6.6% increase.
• Interest Income: The company's primary revenue source, interest income, increased to ₹7,113.06 crore from ₹6,739.13 crore.
• Finance Costs: Finance costs rose to ₹5,047.28 crore from ₹4,750.05 crore.
• Earnings Per Share: The company's earnings per share improved to ₹24.72 compared to ₹23.64 in the previous year.

Asset Quality Improvement

LIC Housing Finance demonstrated significant improvement in its asset quality:

Other Key Developments

• The company assigned receivables worth ₹1,112.05 crore under securitization during the quarter.
• LIC Housing Finance issued non-convertible debentures worth ₹7,960 crore and commercial paper worth ₹1,500 crore during the quarter.
• The liquidity coverage ratio stood at 177.43%, indicating a strong liquidity position.

Management Commentary

T. Adhikari, Managing Director & CEO of LIC Housing Finance, stated, "Our Q1 results reflect the company's resilience and strategic focus. The growth in profit and improvement in asset quality demonstrate our commitment to sustainable growth and prudent risk management."

Future Outlook

While the company has shown positive results, it remains cautious about the evolving economic landscape. LIC Housing Finance continues to focus on maintaining a robust balance sheet, improving asset quality, and capitalizing on growth opportunities in the housing finance sector.

Additional Information

• The company's board has approved shifting its registered office to 131, Maker Tower-F, 13th Floor, Cuffe Parade, Mumbai - 400005, effective from August 2, to improve administrative convenience and align with operational headquarters.
• LIC Housing Finance's 36th Annual General Meeting is scheduled for August 29, to be held through video conferencing.

Note: All figures are based on standalone financial results for the quarter ended June 30.

LIC Housing Finance Limited (LICHFL), a prominent player in the Indian housing finance sector, has announced its deregistration as an aggregator under the NPS-Lite Swavalamban Scheme. This development marks a significant change in the company's involvement with the pension scheme sector.

Key Points of the Deregistration

• Effective Date: The deregistration took effect from July 9, 2025.
• Regulatory Body: The Pension Fund Regulatory and Development Authority (PFRDA) issued the deregistration letter.
• Scope: LICHFL has surrendered its Certificate of Registration as a Point of Presence (PoP) under the scheme.

Impact and Implications

The deregistration of LIC Housing Finance as an aggregator under the NPS-Lite Swavalamban Scheme could have several implications:

1. Reduced Pension Services: LICHFL will no longer facilitate the NPS-Lite Swavalamban Scheme, potentially affecting its service offerings in the pension sector.
2. Strategic Shift: This move might indicate a strategic decision by the company to focus on its core housing finance business.
3. Regulatory Compliance: The deregistration ensures LICHFL's alignment with current regulatory requirements and its operational focus.

Company's Official Communication

In an official intimation to the National Stock Exchange of India and BSE Limited, Varsha Hardasani, Company Secretary & Compliance Officer of LIC Housing Finance Limited, stated:

"LIC Housing Finance Limited, formerly registered as an Aggregator under the NPS-Lite Swavalamban Scheme, has been de-registered as an Aggregator under the NPS-Lite Swavalamban and has surrendered the Certificate of Registration as a Point of Presence (PoP) with effect from 9th July, 2025."

This announcement ensures transparency with investors and complies with regulatory disclosure requirements.

About NPS-Lite Swavalamban Scheme

The NPS-Lite Swavalamban Scheme is a pension scheme designed to provide social security to economically disadvantaged sections of society. Aggregators play a crucial role in this scheme by facilitating the enrollment and servicing of subscribers.

While this development represents a change in LICHFL's service portfolio, it's important to note that the company continues to be a significant player in the housing finance sector. Investors and stakeholders should monitor how this strategic move might impact the company's future business focus and financial performance.