LIC Housing Finance Ltd's Q3FY25 Quarter Results
- 01 Feb 2025
Result Summary
- LIC Housing Finance Ltd reported a 1.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.9%.
- Its expenses for the quarter were up by 2.3% QoQ and 8.2% YoY.
- The net profit increased 8.1% QoQ and increased 23.0% YoY.
- The earnings per share (EPS) of LIC Housing Finance Ltd stood at 26.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 7069.99 | 6938.31 | 6804.19 | 1.9% | 3.9% |
Total Expenses | 5316.18 | 5197.27 | 4914.04 | 2.3% | 8.2% |
Profit Before Tax | 1797.79 | 1663.70 | 1454.32 | 8.1% | 23.6% |
Tax | 363.42 | 337.24 | 287.72 | 7.8% | 26.3% |
Profit After Tax | 1434.89 | 1327.79 | 1166.52 | 8.1% | 23.0% |
Earnings Per Share | 26.10 | 24.10 | 21.20 | 8.3% | 23.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
LIC Housing Finance Ltd is a leading financial institution in India specializing in providing long-term finance to individuals for the purchase or construction of houses or flats. The company operates primarily within the housing finance sector, offering a range of services including home loans, construction finance, and loans against property. It is a significant player in the industry, backed by the parent company, Life Insurance Corporation of India. As of the latest data available to October 2023, no specific recent major developments have been noted. The company continues to focus on expanding its market reach and enhancing its product offerings to cater to the growing demand for housing finance in India.
Revenue
The total income for LIC Housing Finance Ltd in Q3FY25 stood at ₹7069.99 crores, marking an increase from ₹6938.31 crores in Q2FY25, reflecting a quarter-over-quarter (QoQ) growth of 1.9%. Compared to Q3FY24, where total income was ₹6804.19 crores, there is a year-over-year (YoY) growth of 3.9%. These figures indicate a steady rise in the company's revenue over both the quarterly and yearly periods. The increase in total income suggests an ongoing growth trajectory, driven by factors such as an expanding customer base or enhanced financial product offerings.
Profitability
In terms of profitability, LIC Housing Finance Ltd reported a Profit Before Tax (PBT) of ₹1797.79 crores for Q3FY25, up from ₹1663.70 crores in the previous quarter, representing an 8.1% QoQ growth. The Profit After Tax (PAT) for the same period was ₹1434.89 crores, compared to ₹1327.79 crores in Q2FY25, also reflecting an 8.1% QoQ increase. On a yearly basis, the PAT increased from ₹1166.52 crores in Q3FY24, showing a robust YoY growth of 23.0%. The earnings per share (EPS) also mirrored this growth pattern, increasing from ₹24.10 in Q2FY25 to ₹26.10 in Q3FY25, an 8.3% QoQ rise, and a significant YoY increase from ₹21.20 in Q3FY24, representing a 23.1% growth.
Operating Metrics
The total expenses for LIC Housing Finance Ltd in Q3FY25 were ₹5316.18 crores, which rose from ₹5197.27 crores in Q2FY25, indicating a 2.3% QoQ increase. Compared to Q3FY24, when total expenses were ₹4914.04 crores, there is an 8.2% YoY rise. The company's tax expenses for Q3FY25 were ₹363.42 crores, showing a QoQ increase of 7.8% from ₹337.24 crores in Q2FY25 and a YoY growth of 26.3% from ₹287.72 crores in Q3FY24. These metrics reflect the company's operational cost dynamics and tax obligations relative to its income growth. The data suggests that while expenses have increased, the company has managed to maintain its profitability and revenue growth.
