India · Delayed Price · Currency is INR LIC Housing Finance Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw stable loan growth, improved asset quality, and resilient margins despite competitive pressures and macro uncertainties. Management targets 10%-12% loan book growth and 2.5%-2.7% NIM for FY27, with further asset quality improvement expected.
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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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Revenue and loan book grew modestly in Q2 FY2026, with asset quality and provision coverage improving. Management expects stronger growth in Q3 and Q4, aided by lower BT outflows and strategic restructuring, while maintaining focus on margins and asset 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 25% PAT increase, with asset quality improving to 2.46% GNPA. Management guides for double-digit loan growth, NIM of 2.6-2.8%, and continued focus on asset quality and affordable housing expansion.
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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.