LIC Housing Finance Limited (LIC HFL) has reported its financial performance for the second quarter of the fiscal year 2024-25, showcasing a solid year-on-year (YoY) growth in net profit and stable revenue from operations.

Key Financial Highlights:

  1. Revenue from Operations: LIC HFL’s revenue from operations stood at ₹6,937.72 crore for Q2 FY25, marking a steady increase from ₹6,765.44 crore in the same quarter last year. The growth was largely driven by stable interest income, which reached ₹6,859.96 crore, compared to ₹6,712.63 crore in Q2 FY24.
  2. Net Profit: The company’s net profit rose by 11.2% YoY, climbing to ₹1,327.79 crore from ₹1,193.57 crore in Q2 FY24. This growth in profit reflects effective cost management and strategic initiatives that supported profit margins amid a competitive market environment.
  3. Total Income: The total income, including gains from fair value changes and fees, reached ₹6,796.85 crore, up from ₹6,765.44 crore YoY. This stability in total income underlines LIC HFL’s diversified revenue streams.
  4. Other Revenue Streams: LIC HFL reported ₹54.39 crore from other income, compared to ₹6.07 crore in Q2 FY24, reflecting a significant improvement.

Half-Year Performance

For the half-year ended September 30, 2024, LIC HFL posted:

  • Total Revenue of ₹13,734.57 crore, compared to ₹13,524.57 crore for the corresponding half-year period last year.
  • Net Profit for the half-year period was ₹2,512.67 crore, a 5.8% increase from ₹2,376.67 crore in the previous year.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice.

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