LIC Housing Finance Reports 25% YoY Profit Surge in Q4, Driven by Lower Provisions
LIC Housing Finance announced strong Q4 results with net profit rising 25% to ₹1,368.00 crore. Total loan disbursements increased 5% to ₹19,156.00 crore, with individual home loans reaching ₹15,383.00 crore. The outstanding loan book grew 7% to ₹3,07,732.00 crore. The profit growth was primarily driven by a significant reduction in provisions.

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LIC Housing Finance , a prominent player in the Indian housing finance sector, has announced its financial results for the fourth quarter, showcasing strong growth in both profit and revenue.
Impressive Profit Growth
LIC Housing Finance reported a significant increase in its net profit for the fourth quarter. The company's bottom line rose to ₹1,368.00 crore, marking a substantial year-over-year growth of 25% from the same quarter of the previous year. This impressive growth was primarily driven by a sharp reduction in provisions.
Loan Disbursements and Portfolio Growth
The company's total loan disbursements rose by 5% year-over-year to ₹19,156.00 crore. Notably, individual home loans grew to ₹15,383.00 crore, indicating a strong focus on the retail segment. LIC Housing Finance's outstanding loan book expanded by 7% to reach ₹3,07,732.00 crore, demonstrating steady portfolio growth.
Financial Highlights
Metric | Q4 Amount | YoY Change |
---|---|---|
Net Profit | ₹1,368.00 crore | +25% |
Total Loan Disbursements | ₹19,156.00 crore | +5% |
Outstanding Loan Book | ₹3,07,732.00 crore | +7% |
Conclusion
The robust financial performance of LIC Housing Finance in the fourth quarter, characterized by substantial profit growth, increased loan disbursements, and an expanding loan book, indicates the company's strong position in the housing finance market. The significant reduction in provisions suggests improved asset quality management, which could contribute to future profitability.
As the company continues to focus on individual home loans and maintains steady growth in its loan portfolio, it appears well-positioned in India's housing finance sector.
Historical Stock Returns for LIC Housing Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.37% | -4.78% | -4.65% | +0.98% | -23.77% | +123.59% |