LIC Housing Finance studies slight dip in Q1 internet to ₹1,300 crore

LIC Housing Finance’s (LICHFL) first-quarter internet dipped barely to ₹1,300 crore, weighed down by a dip in internet curiosity earnings whilst mortgage disbursements had been strong.

India’s largest standalone housing finance firm reported a internet revenue of ₹1,324 crore within the year-ago quarter.

Internet curiosity earnings (distinction between curiosity earned and curiosity expended) was down 10 per cent y-o-y at ₹1,989 crore (₹2,209 crore).

Internet Curiosity Margin declined to 2.76 per cent for Q1 FY25 as in opposition to 3.21 per cent for Q1 FY24.

Q1FY25 mortgage disbursements rose 19 per cent y-o-y at ₹12,915 crore in opposition to ₹10,856 crore within the 12 months in the past quarter. Inside this, particular person residence mortgage disbursements had been up 16 per cent at ₹10,932 crore as in opposition to ₹9,419 crore.

The excellent mortgage portfolio elevated by 4 per cent to ₹2,88,665 crore. Inside this, the person residence mortgage portfolio elevated 7 per cent to ₹2,46,275 crore.