LIC Housing Finance reports second-quarter results showing a rise in profit year-on-year, with net profit increasing by about 11–12% to roughly ₹1,507–₹1,509 crore for the September quarter. The company attributes the improvement to factors including a reversal of impairment charges and better asset quality, alongside modest growth in total income and interest income.
Across the reports, LIC Housing Finance’s income from operations is described as growing slightly, while finance costs move up marginally. Asset-quality metrics also improve: gross non-performing assets fall (to 2.05% from 2.51% in one account), and net NPAs improve (to 1.06% from 1.19% in one account). Provisions and expected credit loss coverage are also cited in one summary.
Some outlets add further detail on business activity. One report highlights disbursements rising 11% in the quarter and discusses the size and growth of the loan portfolio, including retail and project lending. Another notes a reclassification of part of its loans from housing to non-housing finance, saying it would not materially affect total loan assets. The coverage largely agrees on profit growth and the direction of asset-quality trends, while differing on which operational metrics to foreground.
