6 months ago
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LIC Housing Finance Ltd. (LIC HFL) has acceptable a people of ₹4,250 crore successful location indebtedness concern for the 2025–26 fiscal twelvemonth successful Andhra Pradesh and has truthful acold achieved ₹1,628 crore during the archetypal fractional of the twelvemonth (up to the 2nd quarter). In Visakhapatnam alone, ₹658 crore has been achieved against the people of ₹1,770 crore during this period, according to the company’s Managing Director and CEO Tribhuwan Adhikari.
Speaking to prime media persons astatine a edifice present connected Monday, Mr. Adhikari said the institution had initiated a peculiar absorption connected Andhra Pradesh from the existent fiscal year. For the archetypal time, a dedicated selling caput has been appointed for the State, based successful Vijayawada. Mr. Adhikari, who made his maiden sojourn to the metropolis to seat the company’s two-day determination gathering for Andhra Pradesh and Telangana staff, said LIC HFL has a web of 303 selling offices crossed the country. In Andhra Pradesh, it operates done an extended web of 20 country offices and 3 clump offices, supported by a Deputy Regional Manager’s Office successful Vijayawada. LIC HFL’s stock of the idiosyncratic location indebtedness marketplace successful Andhra Pradesh and Telangana stands astatine astir 19.46%. During FY 2025–26, the institution disbursed ₹5,634.71 crore successful this region, and its outstanding indebtedness publication stood astatine ₹63,000 crore arsenic of September 2025.
On the company’s pan-India performance, Mr. Adhikari said LIC HFL reported a dependable show successful Q2 FY 2025–26, with a nett net aft taxation of ₹1,353.87 crore, registering a 2% year-on-year growth. Total disbursements during the 4th stood astatine ₹16,313 crore. Revenue from operations grew 3% to ₹7,163 crore, portion Net Interest Income (NII) accrued by 3% to ₹2,038 crore. The Net Interest Margin (NIM) for the 4th was 2.62%, and Profit Before Tax (PBT) roseate 2% year-on-year to ₹1,704.71 crore.
The company’s indebtedness portfolio accrued 6% to ₹3,11,816 crore, driven by a 5% maturation successful the idiosyncratic location indebtedness conception to ₹2,64,096 crore. Asset prime improved, with Stage 3 vulnerability reducing to 2.51% from 3.06% a twelvemonth ago. ECL provisions stood astatine ₹5,074 crore, with 53% coverage. For the fractional twelvemonth ended September 2025, LIC HFL reported a 3% maturation successful nett net to ₹2,713.79 crore and a 5% emergence successful full income to ₹14,403 crore, reflecting accordant momentum successful disbursements and earnings.
Commenting connected the results, Mr. Adhikari said LIC HFL remains focused connected the affordable and mid-segment lodging markets, leveraging partnerships and AI-enabled processes to present a seamless integer acquisition for new-age homebuyers.
