LIC Housing Finance (LICHSGFIN) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 profit after tax rose 9.4% YoY to ₹1,488.32 crore, with total revenue from operations at ₹7,065.53 crore, slightly down from ₹7,169.46 crore YoY.

• Outstanding loan portfolio grew 4% YoY to ₹3,22,098 crore, with individual home loans up 4% to ₹2,71,979 crore.

• Disbursements increased 14.5% YoY to ₹15,014 crore, with individual home loan disbursements up 8% and non-housing individual loans up 20%.

• Net interest income for Q1 FY27 was ₹2,075.52 crore, marginally higher than ₹2,064.71 crore YoY; net interest margin declined to 2.58% from 2.68%.

• The main business remains housing finance, with all other activities revolving around this core segment.

Financial highlights

• Standalone profit after tax for Q1 FY27 was ₹1,488.32 crore, up from ₹1,359.92 crore YoY; consolidated PAT was ₹1,499.03 crore.

• Return on average equity for Q1 FY27 was 14%, down from 15% YoY; return on average assets improved to 1.85% from 1.76%.

• Capital adequacy ratio improved to 25.48% as of March 2026 from 23.20% in March 2025.

• Weighted average cost of funds decreased to 7.28% in Q1 FY27 from 7.50% YoY; yield on advances fell to 9.12% from 9.60%.

• Liquidity coverage ratio improved to 219.86% from 177.43% YoY.

Outlook and guidance

• Disbursement growth guidance for FY27 is 10%-12%, with Q2 targeted at 15%.

• AUM growth guidance is 8%-10% for the year.

• NIM guidance for the year is 2.6%.

• Credit cost guidance remains at 10-15 basis points for FY27.

• Continued focus on core housing finance and prudent risk management.