LIC Housing Finance holds 37th AGM, discusses FY26 performance & future growth
LIC Housing Finance held its 37th AGM on August 28, 2026. FY26 saw a loan book of ₹320,707 Cr and PAT of ₹5,595 Cr. Gross NPAs improved to 2.15%. The company proposed a 500% dividend. Management targets double-digit growth and improved ROE (15-16%) in the next 2-3 years, while actively managing competition and NPAs.
The announcement details the company's annual performance and future strategy. While the financial results are positive, the discussion on NPAs and competition indicates potential challenges. The medium impact reflects the ongoing efforts to manage these aspects and the outlook for sustained, albeit not explosive, growth.
The company reported strong financial performance for FY25-26, including growth in loan book, revenue, and profit. The improvement in NPAs and a proposed dividend further contribute to a positive sentiment. Management's outlook for future growth and profitability also adds to the positive tone.
LIC Housing Finance Limited (LIC HFL) conducted its 37th Annual General Meeting (AGM) on Friday, August 28, 2026, at 03:30 PM IST, held virtually via Video Conference (VC) / Other Audio Visual Means (OAVM). The meeting, convened to discuss the company's performance and future outlook, included a detailed review of the financial year 2025-26.
During the AGM, the management highlighted the company's strong performance in FY25-26, with a loan book of ₹320,707 crore, an increase from ₹307,732 crore in the previous year. Total disbursements rose to ₹66,544 crore from ₹64,022 crore, and Revenue from Operations stood at ₹28,765 crore. Profit After Tax (PAT) was reported at ₹5,595 crore, slightly up from ₹5,429 crore in the prior year. The Net Interest Margin (NIM) was 2.68%, and the Average Cost of Funds declined to 7.27%. Gross Non-Performing Assets (NPAs) improved to 2.15% from 2.47%.
The company proposed a dividend of 500%, or ₹10 per share on a face value of ₹2 per share. Shareholders raised questions regarding NPA levels, future growth prospects, R&D expenditure, ROE, dividend payout, and competition. Management addressed these concerns, emphasizing efforts to reduce NPAs, targeting double-digit growth in disbursements and loan books for the next two to three years, and aiming to improve ROE to upwards of 15-16%. The company also discussed its strategy to manage intense competition from banks and other HFCs through product diversification and maintaining competitive lending rates. Management assured shareholders that they would consider suggestions for improving dividend payouts and CSR activities.
A plain-language summary of a public exchange filing by LIC Housing Finance Limited. Read the original for the full detail.