India · Delayed Price · Currency is INR LIC Housing Finance Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw modest revenue and loan growth, improved asset quality, and stable margins despite intense competition and margin pressures. Management expects a strong Q4, with organizational restructuring and a shift toward higher-margin segments to drive future growth.
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Q2FY26 saw modest growth in revenue and loan book, with asset quality improving and NIM stabilizing at 2.62%. Management expects stronger growth in Q3/Q4, aided by lower balance transfers and strategic initiatives, while maintaining a cautious stance on margins and credit quality.
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Q1 FY26 saw 7% revenue and loan book growth, but disbursements and NIMs were muted amid intense competition and seasonal factors. Asset quality improved year-over-year, and management expects growth to accelerate in Q2 and beyond, focusing on margin protection.
Fiscal Year 2025
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Q4 saw 5% revenue growth and improved asset quality, with NIM at 2.86% and PAT up 25%. Double-digit loan growth and stable margins are targeted for FY2026, despite margin pressure from competition and rate transmission. Asset quality is expected to further improve.
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Q3 FY25 saw 4% revenue growth and improved asset quality, with Stage III exposure down to 2.75%. Disbursements were impacted by external issues but are expected to recover, and a new affordable housing product is set to drive future growth and margins.
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Q2 FY25 saw 3% revenue growth and 12% profit growth year-over-year, with improved asset quality and strong disbursement momentum. Margins declined but are expected to recover, and new products in the affordable segment are gaining traction.
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Q1 FY25 saw modest revenue growth, strong disbursement momentum, and improved asset quality, though margins compressed due to lower NPA recoveries and higher interest expenses. Management maintains double-digit growth and margin guidance, with a focus on expanding higher-yielding segments and cautious builder lending.