LIC Housing Finance , a prominent player in India's housing finance sector, has announced its financial results for the second quarter, showcasing a slight improvement in both net profit and revenue.

Financial Performance

The company reported a marginal increase in its net profit for Q2, demonstrating resilience in a challenging economic environment. Here's a breakdown of the key financial metrics:

Key Highlights

• Net Profit Growth: LIC Housing Finance saw its net profit rise to ₹13.50 billion in the second quarter, up from ₹13.30 billion in the same period last year, representing a modest 1.5% increase.

• Revenue Expansion: The company's revenue for the quarter stood at ₹71.60 billion, marking a 3.3% growth compared to ₹69.30 billion in the corresponding quarter of the previous year.

Market Implications

The slight uptick in both net profit and revenue suggests that LIC Housing Finance is maintaining its market position despite potential headwinds in the housing finance sector. The company's ability to grow its revenue by 3.3% year-over-year may indicate resilient demand for housing loans or effective management of its loan portfolio.

While the profit growth of 1.5% is modest, it demonstrates the company's ability to maintain profitability in what could be a challenging market environment. Investors and market analysts may look for further details on the company's loan book quality, interest margins, and operational efficiency to gauge the sustainability of this performance in upcoming quarters.

As one of the key players in India's housing finance market, LIC Housing Finance's performance can offer insights into the broader trends in the real estate and housing loan sectors. Stakeholders will likely keep a close eye on how the company navigates market conditions and capitalizes on opportunities for growth in the coming months.

LIC Housing Finance Ltd (LICHFL) has announced a significant change in its leadership, appointing Shri Doraiswamy Ramachandran as the Additional Non-Executive (Nominee) Director and Chairman of the company. This appointment, effective from October 16, 2025, marks a new chapter in the company's governance structure.

Key Appointment Details

About Doraiswamy Ramachandran

Shri Doraiswamy Ramachandran brings a wealth of experience to his new role at LICHFL. His current position as the CEO & Managing Director of Life Insurance Corporation of India (LIC) underscores his deep understanding of the financial sector.

Appointment Process and Compliance

The appointment of Shri Ramachandran was made through a meticulous process, adhering to regulatory requirements:

1. The Nomination & Remuneration Committee recommended the appointment.
2. The Board of Directors approved the appointment through circulation, with assent from all directors.
3. The appointment is subject to Reserve Bank of India (RBI) approval under the Non-Banking Finance Company - Housing Finance Company (Reserve Bank) Master Directions, 2021.
4. Shareholder confirmation is required within three months, as per SEBI (LODR) Regulations, 2015.

Implications and Outlook

This appointment aligns with LICHFL's commitment to strong corporate governance. Shri Ramachandran's extensive experience in the insurance and financial sectors is expected to bring valuable insights to LICHFL's operations and strategic direction.

The company has confirmed that Shri Ramachandran satisfies the Fit & Proper Criteria of the National Housing Bank for director appointments and is not debarred from holding directorship by any SEBI order or other authority.

As LICHFL navigates the dynamic landscape of housing finance, Shri Ramachandran's leadership will be crucial in steering the company towards its future goals and maintaining its competitive edge in the market.