Kolkata: Mortgage lender LIC Housing Finance reported a 25% year-on-year rise in fourth quarter net profit at Rs 1368 crore as compared with Rs 1091 crore in the year-ago period, backed by lower provisions.
Provisions to cover bad loans stood at 109 crore against Rs 428 crore.
The lender’s net interest margin (NIM) for the quarter stood lower at 2.86% as against 3.15% for the fourth quarter in the preceding fiscal. The NIM was however higher when compared with the third quarter of FY25.
Net interest income (NII) stood at Rs 2166 crore as against Rs 2238 crore.
Total loan disbursement during the quarter was at Rs 19,156 crore, up 5% over Rs Rs 18,232 crore in the corresponding period in FY24. Out of this, disbursements in the individual home loan segment were at Rs 15,383 crore against Rs 14,300 crore while project loans were at Rs 875 crore compared with Rs 1501 crore.
