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LIC Housing Finance on Wednesday reported a marginal 2 per cent improvement in September quarter net profit to Rs 1,354 crore on a standalone basis. The company promoted by life insurance behemoth LIC had posted a net profit of Rs 1,329 crore in the year-ago period. Total income of the mortgage entity rose to Rs 7,170 crore during the quarter from Rs 6,932 crore in the year-ago period, LIC Housing Finance said in a regulatory filing. During the quarter, the interest income improved to Rs 7,034 crore as compared to Rs 6,853 crore in the same quarter a year ago. Total expenses during the quarter increased to Rs 5,465 crore from Rs 5,267 crore in the same period in the previous fiscal year. With regard to asset quality, the company was able to reduce gross non-performing assets (NPAs) to 2.51 per cent of the gross loans by the end of September 2025 from 3.05 per cent a year ago. Similarly, net NPAs, or bad loans, too, declined 1.19 per cent from 1.57 per cent at the end of the secon
LIC Housing Finance on Thursday reported a 25.4 per cent growth in net profit at Rs 1,368 crore in the fourth quarter ended March 2025. The company had a net profit of Rs 1,091 crore in the same quarter of 2023-24 fiscal. Total income rose to Rs 7,283 crore in the March quarter of FY25, from Rs 6,937 crore in the corresponding quarter in FY24, LIC Housing Finance said in a regulatory filing. In the 2024-25 fiscal, net profit rose 14 per cent to Rs 5,429 crore, from Rs 4,765 crore in FY24. Shares of LIC Housing Finance closed at Rs 624.90, up 1.31 per cent over previous close on BSE.
LIC Housing Finance has appointed Lokesh Mundhra as Chief Financial Officer (CFO) effective Thursday. In a regulatory filing, LIC Housing Finance said Sudipto Sil, who was serving as CFO, has been transferred and redesignated as Marketing Head of Western Region at Mumbai with effect from April 17, 2025. "The Board of Directors ... has approved appointment of Lokesh Mundhra, as a Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from April 17, 2025," LIC Housing said. Mundhra , a Chartered Accountant, has served under various roles at LIC of India for last 32 years. He has worked in various departments including finance & accounts, personnel, legal, estates, with last six years in the investment department. "He has been instrumental in successfully concluding the transaction of bringing up the IPO and listing of the equity shares of LIC of India," LIC Housing Finance said. Shares of LIC Housing Finance closed at Rs 604.45 apiece, up 1.74 ..