LIC Housing Finance Reports 9.4% Profit Increase in Q4 FY26
LIC Housing Finance Q4 profit rises 9.4% to Rs 1,497 crore on lower provisions
The Economic Times
Image: The Economic Times
LIC Housing Finance, based in Kolkata, India, reported a 9.4% increase in net profit for the fourth quarter of FY26, reaching ₹1,497 crore. This growth was attributed to lower provisions for bad loans, despite a slight dip in total income. The company also announced a 500% dividend for shareholders.
- 01LIC Housing Finance's Q4 net profit rose to ₹1,497 crore, a 9.4% increase from the previous year.
- 02Total income decreased to ₹7,195 crore from ₹7,281 crore.
- 03Provisions for bad loans were reduced to ₹74 crore, down from ₹104 crore.
- 04Annual net profit for FY26 reached ₹5,595 crore, up from ₹5,429 crore in FY25.
- 05The company declared a dividend of ₹10 per equity share for FY26.
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LIC Housing Finance, headquartered in Kolkata, India, reported a 9.4% increase in its net profit for the fourth quarter of FY26, amounting to ₹1,497 crore, compared to ₹1,368 crore in the same period last year. This profit growth was primarily driven by a reduction in provisions for bad loans, which decreased to ₹74 crore from ₹104 crore. However, the company's total income fell to ₹7,195 crore, down from ₹7,281 crore. For the entire fiscal year, LIC Housing Finance recorded an annual net profit of ₹5,595 crore, showing an increase from ₹5,429 crore in FY25. The board has recommended a dividend of ₹10 per equity share, representing a 500% dividend for shareholders, reflecting the company's strong performance despite the challenges faced in income generation.
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The increase in net profit and the declared dividend could lead to enhanced shareholder confidence and potentially increase investment in the company.
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