LIC Housing Q1 Profit Up 4.6% On Year; Provisions Rise 35% Hits Bottomline

LIC Housing Finance Ltd posted a 4.6% year-on-year rise in consolidated net profit at ₹13.60 billion for the April–June quarter, as higher provisions weighed on earnings.

Net profit was down 0.6% sequentially, marking the lowest quarterly bottomline in a year.

Provisions surged 35% on year to ₹1.93 billion in April-June 2025-26. The company’s gross non-performing asset ratio improved to 2.62% from 3.29% a year ago, while net NPAs eased to 1.30% from 1.66%. Provision coverage rose to 50.92% from 49.79%.

Revenue from operations grew 6.6% on year to ₹72.33 billion, but slipped 0.7% from the March quarter. Interest income, which formed nearly 98% of total revenue, rose 5.6% on year.

Expenses were up 7.4% on year to ₹55.34 billion. Liquidity coverage ratio stood at 177.43% at the end of June, compared to 197.72% a year earlier.