Any current/future new fundraising through debt or equity?

In FY '25-'26, LIC Housing Finance raised fresh loans amounting to over INR 45,000 crores from banks and financial institutions and more than INR 10,000 crores for NHB at competitive rates. As of March 31, 2026, about 82% of incremental borrowings were at floating rates, with floating rate borrowings constituting 52% of outstanding borrowings. The company focuses on maintaining low borrowing costs, benefiting from its AAA rating which ensures lower rates compared to peers. There is no explicit mention of new fundraising planned in the immediate future through equity or debt. Management indicat

Future growth expectations in sales/revenue/volumes?

LIC Housing Finance targets 10% to 12% loan book growth for the current financial year. Retail disbursements expected to grow around 15%, targeting approximately INR 73,000 crores (up from INR 66,000 crores last year). Project finance disbursement budget reduced from INR 10,000 crores to INR 4,500 crores, but actual disbursements expected between INR 6,000 crores to INR 7,000 crores due to new credit rating models. LRD and LAP segments witnessed 25% growth last year; further acceleration expected. Focus on affordable housing vertical with no specific volume targets yet but anticipated signific

Future growth expectations in earnings/operating earnings/profits/EPS?

LIC Housing Finance Limited targets a loan book growth of 10% to 12% for the current financial year, with retail segment growth budgeted at around 15%. Disbursement growth showed a strong start with 21% growth in April and 10% growth in Q4 of the previous year, indicating momentum pick-up. The company aims to sustain double-digit growth driven by new initiatives like co-lending, engaging business aggregators, and setting up a new affordable housing vertical. Margin protection remains a priority; current spreads are at 1.94%, slightly lower than previous year’s 2.06% due to competitive pressure

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LIC Housing Finance LtdQ1 FY26Finance

LIC Housing Finance Ltd Q1 FY26 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹550P/E: 5.6Market Cap: ₹30.5K CrSector: Finance

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

→LIC Housing Finance targets 10% to 12% loan book growth for the current financial year.
→Retail disbursements expected to grow around 15%, targeting approximately INR 73,000 crores (up from INR 66,000 crores last year).
→Project finance disbursement budget reduced from INR 10,000 crores to INR 4,500 crores, but actual disbursements expected between INR 6,000 crores to INR 7,000 crores due to new credit rating models.
→LRD and LAP segments witnessed 25% growth last year; further acceleration expected.
→Focus on affordable housing vertical with no specific volume targets yet but anticipated significant future contribution.
→Initiatives include co-lending, new business aggregators, and increasing marketing staff by 200 hires to boost disbursements.
→Efforts to reduce business transfer (BT) outflows to improve loan book growth.
→Optimism that the current year will see better margins and overall business growth despite geopolitical and economic uncertainties.

Margin guidance

Category 3

→LIC Housing Finance Limited targets a loan book growth of 10% to 12% for the current financial year, with retail segment growth budgeted at around 15%.
→Disbursement growth showed a strong start with 21% growth in April and 10% growth in Q4 of the previous year, indicating momentum pick-up.
→The company aims to sustain double-digit growth driven by new initiatives like co-lending, engaging business aggregators, and setting up a new affordable housing vertical.
→Margin protection remains a priority; current spreads are at 1.94%, slightly lower than previous year’s 2.06% due to competitive pressures.
→Net Interest Margin (NIM) guidance for the year is between 2.5% and 2.7%, reflecting cautious optimism amid rising cost of funds.
→Profitability is expected to improve with asset quality enhancements and lower provisions, supported by strong disbursements and controlled business transfer outflows.
→Management is cautiously positive that the current year earnings and profits will be better than the previous year, assuming geopolitical and economic stability.

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Fundraise plans

→In FY '25-'26, LIC Housing Finance raised fresh loans amounting to over INR 45,000 crores from banks and financial institutions and more than INR 10,000 crores for NHB at competitive rates.
→As of March 31, 2026, about 82% of incremental borrowings were at floating rates, with floating rate borrowings constituting 52% of outstanding borrowings.
→The company focuses on maintaining low borrowing costs, benefiting from its AAA rating which ensures lower rates compared to peers.
→There is no explicit mention of new fundraising planned in the immediate future through equity or debt.
→Management indicates monitoring borrowing costs actively and may take actions such as repricing or reviewing costs in Q1 2026-27, but no direct statement on fresh debt/equity issuance.
→Emphasis is on managing borrowings efficiently rather than immediate new fundraising drives.

Order book

The provided transcript from LIC Housing Finance Limited's May 14, 2026 earnings call does not explicitly mention current or expected orderbook or pending orders details. The discussion primarily focuses on: - Loan disbursements and growth strategies. - Asset quality and NPA resolutions. - Borrowing costs and spreads. - Business retention and customer behavior. - Impact of geopolitical and economic uncertainties. No specific figures or commentary on orderbook or pending orders appear in the text available from pages 5, 6, 7, 8, 9, 10, 11, 16, and 19. Therefore, based on the provided transcript, no data on orderbook or pending orders is disclosed.

Capex plans

Yes

- LIC Housing Finance Limited is setting up a separate affordable housing vertical, modeled similarly to PNB's "Roshni" vertical. This will involve hiring new personnel experienced in affordable housing for sourcing, credit appraisal, recovery, and collection. - The company plans to onboard about 200 new people in the marketing vertical by the end of Q1, which will be around 7-8% of total staff, to enhance business sourcing and growth. - A new co-lending and direct assignment policy has been formulated to pursue growth through partnerships especially in retail and selectively in project finance segments. - Technology investment: Launched a straight-through process in February 2026 for machine-enabled credit appraisal to reduce manual intervention and improve customer experience. No explicit future capital expenditure figures were mentioned, but these initiatives indicate strategic investments in human resources, technology, and business verticals to drive growth.

How does LIC Housing Finance Ltd rank vs peers in Finance?

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