LIC Housing Finance lifts Q2 profit 12% on impairment reversal
LIC Housing Finance posted a 12% rise in September-quarter consolidated profit, helped by an impairment reversal and cleaner loan book, per Moody's.
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what happened
According to Moody's, the Indian mortgage lender recorded consolidated net profit of 1,507 crore rupees for the September quarter, up from 1,349 crore a year earlier. The gain was partly supported by a 93 crore reversal of impairment charges, compared with a 72 crore charge in the same period last year.
Total income climbed 1.5% to 7,194 crore, and interest income rose 1% to 7,122 crore, while finance costs crept up to 5,023 crore. Asset quality also improved, with gross NPAs falling to 2.05% from 2.51% and net NPAs easing to 1.06% from 1.19%.
The company also flagged 19,610 crore rupees of loans being moved from housing into non-housing finance. It said this shift would not have a material effect on the overall size of its loan portfolio.
why it matters
For investors, the key question is how durable this profit growth is. Revenue rose only 1.5%, so the reversal of impairment charges did most of the work rather than operating growth. Trends in asset quality over the coming quarters will show whether the effect lasts.
market impact
LIC Housing Finance shares: stronger profit and lower NPAs support the stock
- LIC Housing Finance shares pressure up — higher profit and lower NPAs improve the picture for loan quality
tags
instruments
sources
- LIC Housing Fin Q2 Net Grows 12% — Moody's, 31 October 2026 at 04:12 UTC
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