LIC Housing Finance Limited’s quarterly profit climbed 11.7%, while its reported Stage 3 exposure at default fell to 2.05% and total income was nearly flat year over year.
The company’s board approved unaudited results on Oct. 30, and it filed them with the Bombay Stock Exchange (BSE). For the quarter ended Sept. 30, 2026, consolidated net profit was ₹1,506.59 crore, compared with ₹1,349.37 crore a year earlier. Consolidated total income reached ₹7,194.43 crore, versus ₹7,179.77 crore. That represented growth of about 0.2%, a much slower pace than the increase in profit.
On a standalone basis, profit after tax was ₹1,508.78 crore, up 11.4% from ₹1,353.87 crore in the year-earlier quarter. LIC Housing Finance says Life Insurance Corporation promoted it in 1989.
Stage 3 exposure at default was 2.05% as of Sept. 30, down from 2.51% a year earlier and 2.14% on June 30. The company reported expected credit loss provisions of ₹4,292 crore, with 49% coverage on Stage 3, compared with ₹5,074 crore in provisions a year earlier.
The outstanding loan portfolio rose 5% to ₹3,26,173 crore as of Sept. 30, from ₹3,11,816 crore a year earlier. Quarterly disbursements increased 11% to ₹18,127 crore from ₹16,313 crore. The portfolio is a balance of loans outstanding, while disbursements record lending during the quarter.
Net interest income rose to ₹2,088 crore from ₹2,038 crore, while net interest margin narrowed to 2.58% from 2.62% a year earlier. The margin declined by 0.04 percentage point.
Managing Director and Chief Executive Officer Sandeep Kumar said the housing finance sector had remained resilient, citing “stable demand in the retail housing segment.” The company scheduled an earnings call for Monday, Nov. 2, at 1 a.m. ET (6 a.m. UTC; 11:30 a.m. India Standard Time).
