LIC Housing Finance board approves borrowing budget for FY26; check key details

“The Board has approved the borrowing budget aggregate to ₹122500 crore for the financial year 2025-2026 through loans and/or the issue of redeemable non-convertible debentures/zero couponed bonds/subordinate debt/upper tier II bonds/commercial paper/external commercial borrowing/bonds/foreign currency bonds/securitisation by private placement/public issue, refinance from NHB in one or more tranches, deposits from public, corporate, trusts and any other mode of borrowing,” the company said in an exchange filing.

Shares of LIC Housing Finance surged 3.64% on Wednesday to settle at ₹521.50 per share on the National Stock Exchange. The scrip had touched its 52-week low of ₹483.70 on March 3, 2025. Its market capitalisation stood at ₹28,685.79 crore.

LIC Housing Finance had reported a robust performance for Q3FY25. The company's net profit stood at ₹1,432 crore, a 23.1% increase from ₹1,163 crore in the corresponding quarter last fiscal year.

Its net interest income (NII) stood at ₹1,997.1 crore, declining by 4.8% from ₹2,097 crore in Q3 FY24. The company reported a write-back of ₹43.98 crore, compared to an impairment expense of ₹435.83 crore in the year-ago period.

Its net interest margin slipped slightly to 2.70% from 2.71% in the previous quarter against 3% a year earlier.

LIC Housing's loan disbursements grew a muted 2% to ₹15,475 crore in the third quarter as the housing finance sector continues to see intense competition between home financiers and banks, especially in the premium segment.