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 posted revenue from operations of ₹7,233.13 crore, up 7 per cent from ₹6,783.67 crore in the year-ago period
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The Q4 net operating income declined 3 per cent Y-o-Y to ₹2,170 crore with a net interest margin (NIM) expansion of 15 basis points quarter-on-quarter (Q-o-Q)
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 ..
LIC Housing Finance stock price has been in a down trend as per the bearish pattern like lower tops and bottoms over the last two months
On the bourses, LIC Housing Finance soared as much as 2.85 per cent to hit an intraday high of Rs 573.65 per share
The company's disbursements have been slower than its peers in last few quarters. Earlier this month, PNB Housing's reported a 30% rise in disbursements for the third quarter
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Total disbursements for the housing finance company rose by 12 per cent to Rs 16,476 crore in the quarter under review, compared to Rs 14,665 crore in the corresponding period in Q2 FY24
The housing finance company will pay an annual coupon of 7.57 per cent and had invited bids from bankers and investors earlier in the day
Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout
Bajaj Housing, which is backed by the Bajaj Group, has between FY22 and FY24 grown exceptionally in terms of assets under management and profit, according to analysts
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LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.
Total disbursements were at Rs 12,915 crore in Q1 FY25, as against Rs 10,856 crore for the corresponding period in FY24