LIC Housing Finance (LICHSGFIN) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 saw resilient mortgage demand despite global geopolitical volatility and rising crude prices impacting inflation and currency.

• Profit after tax for FY26 reached ₹5,595.15 crore, up 3% year-over-year; Q4 FY26 PAT was ₹1,497.41 crore, up 9% from Q4 FY25.

• Revenue from operations for FY26 was ₹28,764.63 crore, a 3% increase year-over-year; Q4 FY26 revenue was ₹7,194.34 crore.

• The loan book grew 4% year-over-year to ₹3,20,707 crore, with individual home loans comprising 84% of the portfolio.

• Leadership transition: Mr. Sandeep Kumar to take over as CEO on August 31, 2026, after the sudden demise of the previously designated successor.

Financial highlights

• Net interest income for FY26 was ₹8,424.52 crore, up 4% year-over-year; Q4 FY26 NII was ₹2,222 crore, up 3% YoY.

• Net interest margin for FY26 was 2.68%, down from 2.73% in FY25; Q4 FY26 NIM was 2.80%.

• Profit before tax for Q4 was ₹1,934 crore (+9.3% YoY); profit after tax was ₹1,497 crore (+9.5% YoY).

• Dividend declared/recommended at ₹10 per share (500% of face value), subject to AGM approval.

• Earnings per share for FY26 was ₹101.72, up from ₹98.70 in FY25.

Outlook and guidance

• Targeting 10%-12% loan book growth for FY27, with Q1 aiming for 15% growth.

• NIM guidance for FY27 is 2.5%-2.7%, with Q1 expected at 2.6%-2.7%.

• Asset quality expected to improve further, with a major corporate NPA resolution to reflect in May 2026.

• Disbursement growth in April 2026 was 20.87% YoY.

• The company maintains a positive outlook, supported by robust asset quality and liquidity coverage.