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LIC Housing Finance Q2 FY27 results: net profit up 11.7% to ₹1,507 crore, revenue up 0.2%
LIC Housing Finance Limited reported consolidated revenue of ₹7,194 crore and a net profit of ₹1,507 crore for Q2 FY27. Revenue rose 0.2% from Q2 FY26, while profit after tax rose 11.7% and basic EPS increased 11.7% to ₹27.39.
Key points
- Consolidated revenue was ₹7,194 crore in Q2 FY27, up 0.2% from ₹7,179 crore in Q2 FY26 and 1.6% from ₹7,083 crore in Q1 FY27.
- Net profit was ₹1,507 crore, up 11.7% from ₹1,349 crore in Q2 FY26 and 0.5% from ₹1,499 crore in Q1 FY27.
- Basic EPS was ₹27.39, compared with ₹24.53 in Q2 FY26 and ₹27.25 in Q1 FY27.
- The profit after tax margin was 20.9%, compared with 18.8% in Q2 FY26 and 21.2% in Q1 FY27.
- In H1 FY27, revenue was ₹14,275 crore, down 1.1%, while net profit rose 10.8% to ₹3,006 crore.
How did LIC Housing Finance perform in Q2 FY27?
LIC Housing Finance reported consolidated revenue of ₹7,194 crore for Q2 FY27, against ₹7,179 crore in Q2 FY26 and ₹7,083 crore in Q1 FY27. Net profit was ₹1,507 crore, compared with ₹1,349 crore and ₹1,499 crore, respectively, while basic EPS was ₹27.39 against ₹24.53 and ₹27.25.
Profit before tax was ₹1,919 crore in Q2 FY27, up 12.7% from ₹1,703 crore in Q2 FY26 and 1.1% from ₹1,899 crore in Q1 FY27. The profit after tax margin was 20.9%, compared with 18.8% and 21.2%. EBITDA and EBITDA margin were not reported.
On the standalone basis, Q2 FY27 revenue was ₹7,175.08 crore and profit after tax was ₹1,508.78 crore, against ₹1,353.87 crore in Q2 FY26. Basic EPS was ₹27.43, compared with ₹24.61 in the year-ago quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7,194 | 7,083 | 7,179 | +0.2% | +1.6% |
| Other income | 0.21 | 2.99 | 0.52 | −59.6% | −93.0% |
| Total expenses | 5,275 | 5,187 | 5,477 | −3.7% | +1.7% |
| Profit before tax | 1,919 | 1,899 | 1,703 | +12.7% | +1.1% |
| Tax | 413.40 | 402.15 | 353.63 | +16.9% | +2.8% |
| Net profit | 1,507 | 1,499 | 1,349 | +11.7% | +0.5% |
| EPS (₹) | 27.39 | 27.25 | 24.53 | +11.7% | +0.5% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in LIC Housing Finance's costs and profit?
Total expenses fell 3.7% to ₹5,275 crore from ₹5,477 crore in Q2 FY26. Employee cost fell 3.1% by ₹5.03 crore to ₹155.69 crore, depreciation fell 8.8% by ₹2.86 crore to ₹29.47 crore, while finance costs rose 0.6% by ₹28.68 crore to ₹5,023 crore.
Other expenses increased 25.3% by ₹23.37 crore to ₹115.64 crore, while other income fell 59.6% by ₹0.31 crore to ₹0.21 crore. Tax expense rose 16.9% by ₹59.77 crore to ₹413.40 crore. There was no exceptional item.
Management said the combined impairment on financial instruments and net loss on de-recognition was negative ₹92.57 crore in Q2 FY27, against positive ₹71.99 crore in Q2 FY26, and reported a -229% variation. Management also said net interest margin declined to 2.58% from 2.62% as the spread narrowed to 1.75% from 1.98%.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Employee cost | 155.69 | 160.72 | −5.03 | −3.1% |
| Finance costs | 5,023 | 4,994 | +28.68 | +0.6% |
| Depreciation | 29.47 | 32.33 | −2.86 | −8.8% |
| Other expenses | 115.64 | 92.27 | +23.37 | +25.3% |
| Total expenses | 5,275 | 5,477 | −201.55 | −3.7% |
| Other income | 0.21 | 0.52 | −0.31 | −59.6% |
| Tax | 413.40 | 353.63 | +59.77 | +16.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, consolidated revenue was ₹14,275 crore, down 1.1% from ₹14,429 crore in H1 FY26, while total income was ₹14,278 crore, down 1.1% from ₹14,429 crore. Profit before tax rose 12.1% by ₹410.93 crore to ₹3,818 crore.
Net profit for H1 FY27 rose 10.8% by ₹292.25 crore to ₹3,006 crore, from ₹2,713 crore in H1 FY26. Basic EPS increased 10.8% by ₹5.31 to ₹54.64, compared with ₹49.33 in the year-ago period.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 14,275 | 14,429 | −1.1% |
| Profit before tax | 3,818 | 3,407 | +12.1% |
| Net profit | 3,006 | 2,713 | +10.8% |
| EPS (₹) | 54.64 | 49.33 | +10.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Consolidated total assets rose to ₹330,176.28 crore on 30 September 2026 from ₹325,212.96 crore on 31 March 2026. Total equity increased to ₹43,883.53 crore from ₹41,433.04 crore, while cash and cash equivalents fell to ₹239.68 crore from ₹709.56 crore. A consolidated borrowing figure was not provided.
For H1 FY27, operating cash flow was negative ₹1,576.88 crore, compared with negative ₹4,275.05 crore in H1 FY26. Investing cash flow was positive ₹216.51 crore against ₹1,728.44 crore, while financing cash flow was positive ₹890.49 crore against ₹1,609.85 crore. Capital expenditure was ₹7.63 crore, compared with ₹29.77 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 3,30,176 | 3,25,213 |
| Total equity | 43,884 | 41,433 |
| Cash and equivalents | 239.68 | 709.56 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1,577 | −4,275 |
| Cash from investing | 216.51 | 1,728 |
| Cash from financing | 890.49 | 1,610 |
| Capital expenditure | 7.63 | 29.77 |
Source: Company's results filing (XBRL).
How has LIC Housing Finance done over the last 8 quarters?
Revenue reached its highest level in the reported period at ₹7,305.52 crore in Q4 FY25 and its lowest at ₹7,069.99 crore in Q3 FY25. It was ₹7,194.22 crore in Q2 FY27, up from ₹7,082.59 crore in Q1 FY27 but still below the earlier peak.
Net profit reached its highest level at ₹1,506.59 crore in Q2 FY27 and its lowest at ₹1,349.37 crore in Q2 FY26. The company’s profit rose year on year in each of the last three quarters. EBITDA margin was not reported for the quarters, so the trend in that measure cannot be stated.
Which businesses drove the quarter?
The Loans segment reported revenue of ₹7,182.53 crore in Q2 FY27, up 0.2% from ₹7,169.74 crore in Q2 FY26. Segment EBIT rose to ₹1,918.55 crore from ₹1,704.71 crore, and the reported EBIT margin was 26.7%.
Other Segments reported revenue of ₹39.56 crore, up 17.5% from ₹33.67 crore in Q2 FY26. EBIT increased to ₹13.48 crore from ₹9.69 crore, with a reported EBIT margin of 34.1%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Loans | 7,183 | +0.2% | 1,919 | 26.7% |
| Other Segments | 39.56 | +17.5% | 13.48 | 34.1% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 30 October 2026, following review by the Audit Committee. It also filed regulatory disclosures covering financial ratios, security cover, use of issue proceeds, related-party transactions and commercial-paper proceeds. No dividend or fund-raising decision was disclosed.
What did LIC Housing Finance's management say?
Management said the outstanding loan portfolio grew 5% to ₹326,173 crore, led by project finance while retail remained dominant. It said Q2 disbursements rose 11% to ₹18,127 crore, including 49% growth in project-finance disbursements to ₹564 crore. Management also cited a broad multi-channel distribution footprint and strong total capital adequacy.
How did LIC Housing Finance shares react?
The result was filed after market hours. From the price when the filing appeared, the stock was up 1.2% after 5 minutes, 1.4% after 15 minutes and 1.2% after 30 minutes. On the reaction day, it closed 0.3% above the previous close, against a 1.3% rise for the Housing Finance Company industry median.
By the next day’s close, the stock was 2.0% above its pre-results close, compared with a 1.4% industry-median rise, an excess return of 0.7 percentage points. Earlier reaction-day moves were negative on six of the eight listed dates, including -3.5% on 30 July 2026 and -4.2% on 13 May 2026.
| After the filing | Stock | Housing Finance Company median |
|---|---|---|
| 5 minutes | +1.2% | |
| 15 minutes | +1.4% | |
| 30 minutes | +1.2% | |
| Reaction day | +0.3% | +1.3% |
| Next day | +2.0% | +1.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 30 July 2026 | −3.5% |
| 13 May 2026 | −4.2% |
| 30 January 2026 | −5.6% |
| 29 October 2025 | −3.7% |
| 1 August 2025 | +3.5% |
| 15 May 2025 | −0.7% |
| 31 January 2025 | −7.0% |
| 28 October 2024 | +3.1% |
Source: MarketPing price-reaction measurement.
How did other Housing Finance Company companies do?
Seven other Housing Finance Company companies had filed for the quarter by 4 November 2026. Their median revenue growth was 14.6%, compared with 0.2% for LIC Housing Finance, and all seven grew faster than LIC Housing Finance; none grew slower.
All seven peers reported higher profit, out of seven companies whose profit was compared with LIC Housing Finance. LIC Housing Finance’s own consolidated revenue growth was 0.2% and net profit rose 11.7% from Q2 FY26.
| LIC Housing Finance revenue growth (YoY) | +0.2% |
|---|---|
| Median of 7 other Housing Finance Company companies | +14.6% |
| Companies with slower revenue growth than LIC Housing Finance | 0 of 7 |
| Companies with faster revenue growth than LIC Housing Finance | 7 of 7 |
| Companies whose net profit rose | 7 of 7 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was LIC Housing Finance's revenue in Q2 FY27?
Revenue from operations was ₹7,194 crore, up 0.2% from ₹7,179 crore in Q2 FY26 (consolidated).
Did LIC Housing Finance make a profit in Q2 FY27?
Yes. Net profit was ₹1,507 crore, against a net profit of ₹1,349 crore in Q2 FY26.
What was LIC Housing Finance's EPS in Q2 FY27?
Basic earnings per share were ₹27.39, against ₹24.53 in Q2 FY26.
How did LIC Housing Finance shares react to the Q2 FY27 results?
On the reaction day the stock moved +0.3% from the previous close; the median Housing Finance Company stock moved +1.3%.
When did LIC Housing Finance announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approve The Un-Audited Financial Results For The Second Quarter And Half Year Ended 30Th September, 2026 (BSE, 21 October 2026) · PDF
- Unaudited Standalone And Consolidated Financial Results For The Second Quarter And Half Year Ended On September 30, 2026 (BSE, 30 October 2026) · PDF
- Board Meeting Outcome for Unaudited Financial Results For The Second Quarter And Half Year Ended On September 30, 2026 (BSE, 30 October 2026) · PDF
- The investor presentation (30 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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