LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit taking housing finance company, and it is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. The company was incorporated on 19 June 1989, under the Companies Act, 1956.
As a subsidiary of the Life Insurance Corporation of India (LIC), the company has established itself as a dominant player in the housing finance sector. The company is the largest housing finance company in India with a total loan portfolio of Rs. ~2,87,000 Cr in FY24 vs Rs. ~2,10,000 Cr in FY20. Market Cap ₹ 33,598 Cr. as of the latest available data.
LIC Housing Finance operates across multiple segments in the housing finance ecosystem. The company is mainly engaged in financing purchase / construction of residential flats / houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD)for commercial properties as well as purchase of commercial shops/showrooms.
The company's comprehensive product portfolio encompasses various financing solutions. LICHFL's product portfolio includes home loans, plot loans, home improvement loans, home construction loans, home extension loans, refinance home loans, and loans against property, among others. Beyond individual financing, it also finances the repair and renovation of existing residences and gives loans to businesses to purchase or construct clinics, nursing homes, diagnostic centres, office space or equipment.
LIC Housing Finance maintains an extensive distribution network across India and internationally. The Company possesses one of the industry's most extensive marketing network in India: Registered and Corporate Office at Mumbai, 9 Regional Offices, 16 Back Offices and 282 marketing units across India. In addition the company has appointed over 12000 Intermediaries to extend its marketing reach.
The company has also expanded its reach to serve non-resident Indians. It also has 2 foreign offices in Kuwait and Dubai to cater to the Non-Resident Indians in the Persian Gulf countries covering the residents of Bahrain, Dubai, Kuwait, Qatar, and Saudi Arabia. This international presence demonstrates the company's commitment to serving the broader Indian diaspora's housing finance needs.
The company delivered strong financial results in the most recent quarter. LIC Housing Finance reports a 25% YoY jump in Q4 FY25 net profit to ₹1,367.96 crore, driven by lower provisions. Operations revenue increased modestly, increasing 5% year-on-year to ₹7,283.33 crore in Q4 FY25 from ₹6,936.41 crore in Q4 FY24.
- **Net Profit Q4 FY25**: ₹1,367.96 crore (25% YoY growth)
- **Revenue Q4 FY25**: ₹7,283.33 crore (5% YoY growth)
- **Net Interest Income Q4 FY25**: ₹2,166.44 crore (declined 3% YoY)
- **Net Interest Margin Q4 FY25**: 2.86% (vs 3.15% in Q4 FY24)
LIC Housing Finance Ltd's net profit jumped 22.75% since last year same period to ₹1,434.84Cr in the Q3 2024-2025. LIC Housing Finance Ltd's revenue jumped 3.91% since last year same period to ₹7,070.51Cr in the Q3 2024-2025.
The company has demonstrated improving asset quality metrics. Asset quality of the company seems to have increased, as the Stage 3 exposure at default has stood at 2.47% as of March 31, 2025. That is a decline from 3.31% as at March 31, 2024, as well as a drop from 2.75% as at December 31, 2024.
This improvement in asset quality has been supported by lower provision requirements. Provisions were at ₹109 crore in Q4 FY25, much lower than ₹428 crore in the corresponding period last year.
Promoter Holding: 45.2% with LIC being the primary promoter. The equity shares of LIC HFL are listed on the Bombay Stock Exchange and the National Stock Exchange of India. Its Global depository receipts are listed on the Luxembourg Stock Exchange.
LIC Housing Finance operates through multiple subsidiaries to diversify its service offerings. LICHFL Financial Services Limited · LICHFL Asset Management Company Limited · LICHFL Care Homes Limited · LICHFL Trustee Company Private Limited are the key subsidiaries that extend the company's reach into various financial services segments.
The company has been active in capital market activities. LIC Housing Finance has accepted bids totaling ₹11 billion ($128.88 million) for the reissue of 7.07% bonds maturing in April 2030, offering a yield of 6.89%. LIC Housing Finance announced a 500% dividend and reported a 25.4% increase in Q4 net profit to ₹1,368 crore, reflecting strong financial performance.
The company is focused on expanding its presence in smaller cities and leveraging technology for growth. With a passion to help millions of people in owning a home, we are widening our pervasive presence, reskilled distribution and setting up an extensive pan-India network to be proximate to our customers and to make our presence felt in every city and town. Going forward, we are expanding our business operations in Tier 3&4 cities.
LIC Housing Finance continues to benefit from India's growing housing demand and government initiatives supporting affordable housing. The company's strong brand recognition, extensive distribution network, and backing by LIC position it well to capitalize on the country's housing finance growth opportunities while maintaining its leadership position in the sector.
