NEW DELHI: LIC Housing Finance has reported a growth of 22.75 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 1,434.89 crore in Q3 FY25 as against Rs 1,169 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 7,069.99 crore in Q3 FY25, a growth of 3.91 per cent from Rs 6,804.19 crore it recorded in the similar quarter last year.
As on December 31, 2024, its net worth stood at Rs 32,639.53 crore, debt-equity ratio was 8.23, total debts to total assets was 0.88, operating margin was 25.41%, net profit margin was 20.29%, gross non-performing assets was 2.74%, net NPA was 1.46% and liquidity coverage ratio was 187.66%.
Tribhuwan Adhikari, managing director & chief executive officer of the company said, “The affordable housing segment continues to be our key focus area and hopefully, there will be a positive thrust from the government in the forthcoming budget. Jan-Feb-March is the most important business period for our company and we expect to close the financial year with healthy numbers.”
Total disbursements were Rs 15,475 crore in Q3 FY2025 as against Rs 15,184 crore for the corresponding
period in FY24, up by 2%. Out of this, disbursement in the Individual home loan segment stood at Rs 12,248 crore against Rs 12,868 crore, whereas project loans were Rs 983 crore compared with Rs 375 crore for the same quarter in the previous year, up by 162%.
The individual home loan portfolio stood at Rs 2,54,652 crore as against Rs 2,38,499 crore, a growth of 7%. Project loan portfolio stood at Rs 8,776 crore as on December 31, 2024, as against Rs 8,569 crore as on December 31, 2023, up by 2%. Total outstanding portfolio grew by 6% to Rs 2,99,144 crore from Rs 2,81,206 crore.
The provisions for ECL stood at Rs 4,974 crore as on December 31, 2024 with a coverage of 48%, as against Rs 6,890 crore as on December 31, 2023 and Rs 5,458 crore as on September 30, 2024. The stage 3 exposure at default as on December 31, 2024 stood at 2.75% as against 4.26% as on December 31, 2023 and 3.06% as on September 30, 2024.
During the nine months ended December 31, 2024, the total disbursements for the company stood at Rs 44,866 crore against Rs 40,705 crore for the same period of the previous year, up by 10%. Out of this, the individual home loan segment registered a disbursement of Rs 36,231 crore, as against Rs 34,803 crore, up
by 4%.
Total disbursements under project loans stood at Rs 2,901 crore as against Rs 1,059 crore for nine months ended December 31, 2023, up by 174%.
Source Homevior.in
