LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date | Stock Market News
LIC Housing Finance Q3 Update: LIC Housing Finance announced on Monday, January 20, that it will conduct its board meeting with the directors on Friday, January 31, 2025, at 2:30 pm to consider and declare its upcoming October-December quarter results for the current fiscal 2024-25 (Q3FY25).
India’s largest housing finance company (HFC) also announced that the trading window for dealing in its securities will remain closed for all designated company officials (including the Directors) and their family members/relatives from January 1 to February 2, 2025 (both days inclusive).
“We hereby give you notice of the meeting of the Board of Directors of the company to be held on Friday, January 31, 2025 at 2:30 P.M to consider, approve and take on record the un-audited financial results (standalone & consolidated) for the third quarter and nine months ended December 31, 2024,” said LIC Housing Finance in a regulatory filing to the stock exchanges.
“The trading window regarding dealing in the company’s equity shares will remain closed for all the Directors and designated (specified) employees from January 1, 2025 to February 2, 2025. The trading window regarding dealing in the shares shall reopen from February 3, 2025,” added LIC Housing Finance.
LIC Housing Finance Q2 Results
In the previous quarters, LIC Housing Finance reported an 11.25 per cent year-on-year (YoY) rise in its consolidated net profit to ₹1,327.71 crore for the July-September quarter of the current financial year 2024-25 (Q2FY25), compared to ₹1,193.48 crore in the same period last year.
The total revenue from operations for the September quarter stood at ₹6,937.72 crore, up 2.5 per cent from ₹6,765.44 crore in the corresponding quarter of the previous financial year. Healthy interest income logged by the leading HFC in the preceding quarter boosted the revenue print.
Interest income during the quarter stood at ₹6,859.96 crore against ₹6,712.63 crore in the same quarter last year. Net interest income (NII)—the difference between interest earned on loans and paid on deposits—dropped six per cent to ₹1,974 crore from ₹2,107 crore in the year-ago period.
Total expenses for the quarter declined slightly to ₹5,274.61 crore from ₹5,282.83 crore year-on-year. Pre-provision operating profit declined 8.3 per cent YoY to ₹1,742 crore from ₹1,899 crore in the year-ago period. On Monday, shares of LIC Housing Finance settled 1.28 per cent higher at ₹569.95 apiece on the BSE.
