Q3 2026 LIC Housing Finance Ltd Earnings Call Transcript
Key Points
- LIC Housing Finance Ltd (BOM:500253) reduced its lending rates on new home loans to 7.15%, one of the lowest in the industry, enhancing competitiveness.
- The company's total revenue from operations grew by 2% year-over-year, reaching INR7,187 crore.
- The outstanding loan portfolio increased by 5% to INR3,14,268 crore as of December 31, 2025.
- Net interest income rose by 5% to INR2,102 crore compared to the previous year.
- Asset quality improved with Stage 3 exposure at default decreasing to 2.45% from 2.75% the previous year.
- Disbursement growth has been in single digits for three years, lagging behind some peers and banks.
- Profit after tax for the quarter decreased to INR1,383.95 crore from INR1,431.96 crore in the same period last year.
- The company faces intense competition from banks, especially in the salaried segment of individual home loans.
- There is a significant reliance on floating rate borrowings, which presents challenges in a competitive interest rate environment.
- Corporate resolutions have been slow, with no significant progress reported in resolving large corporate loans.
Ladies and gentlemen, good day, and welcome to the LIC Housing Finance Q3 FY26 investors earnings conference call hosted by Axis Capital Limited. (Operator Instructions) Olease note that this conference is being recorded.
I now hand over the conference to Mr. Praveen Agarwal from Axis Capital. Thank you, and over to you, sir.
Thank you. Good morning, everyone, and welcome to this earnings call of LIC Housing Finance. Today, with us, we have Mr. Tribhuwan Adhikari, MD and CEO; Mr. Lokesh Mundhra, CFO.
I would request Mr. Adhikari to share his initial remarks, post which we'll open the floor for Q&A. Over to you, sir.
Thank you, Praveen. A very good morning friends, and welcome to the post earnings analyst call of LIC Housing Finance Limited. As you are aware, LIC HFL declared its Q3 financial result -- financial year '26 results on January 30.
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