Lic Housing Finance Ltd · NSE:LICHSGFIN
Lic Housing Finance — Q3 FY2025 Earnings Presentation
22 slides from Lic Housing Finance's earnings presentation, Jan 31, 2025
Slide 1: Investor Update Q3 FY 2025
Investor Update Q3 FY 2025
Slide 2: LICHFL: A Journey of 35 Years
LICHFL: A Journey of 35 Years…… 2024 Crossed Rs. 4000 Cr in Profit 2019 Crossed ₹ 2,00,000 Cr in Assets & ₹ 2000 Cr Profit 2015 2022 Crosses ₹ 1 lakh cr Crossed ₹ 2,50,000 Cr in Assets in portfolio 2017 2011 Crossed ₹ 150,000 cr in Crossed ₹ assets 2013 50,000 Cr loan portfolio Crossed ₹ 1000 cr pro
Slide 3: Awards & Achievements
Awards & Achievements 2024 “Best CSR Team of the Year and Best Use of CSR Practices in Various Sectors” in UBS Forums’ 2023 2024 10th Edition CSR -“Winner of Summit and Indian Chamber “Winner of the Awards 2024 of Commerce Corporate Social Impact Bond Private Awards 2023 Placement- under Private Iss
Slide 4: Shareholding Pattern
Shareholding Pattern December 2024 Top 10 Shareholders MFs & Shareholder % others 23.27% Life Insurance Corporation of India 45.24% Kotak Mahindra Asset Management Company 4.05% Limited Mirae Asset Global Investments (India) Pvt. Ltd. 2.92% LIC 45.24% Norges Bank Investment Management (NBIM) 2.51% P
Slide 5: Executive Summary – Q3 FY 2025
Executive Summary – Q3 FY 2025 Q3 FY25 PAT at Rs.1431.96 cr as against Rs 1162.88 cr, up by 23% Q3 FY25 Total Revenue from operations Rs.7057 cr as against Rs.6792cr,up by 4%. Outstanding Loan portfolio up by 6% to Rs.299144 cr Individual Home Loan Portfolio up by 7% to Rs. 254652 Cr Q3FY
Slide 6: Update – last 5 years
Update- Last 5 YearsUpdate – last 5 years Disbursement (Rs. Cr) CAGR 6% Loan Portfolio (Rs.cr) CAGR 8% 61848 64115 55223 300000 251120 275047 286844 60000 58937 232003 46936 250000 210578 50000 40000 200000 30000 150000 20000 100000 10000 50000 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 I
Slide 7: Update – last 5 years
Update- Last 5 Years Update – last 5 years Stage 3- EAD% Total Provisions* (Rs cr) 5% 4.64% 7230 4.37% 7500 4.12% 5839 6270 6000 4% 3.31% 4500 3971 2.86% 2612 3% 3000 1500 2% 0 1% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Operating Expense to Total Income Profit per employee (Rs. lacs) 198.4
Slide 8: Update – last 5 years
Update- Last 5 Years Update – last 5 years EPS (Rs) (Rs 2/- pd up) Book Value (Rs)(Rs 2/- pd up) 100 86.63 600 570.40 492.38 360.47 402.35 414.88 75 54.18 400 47.59 52.56 43.14 50 200 25 0 0 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Return on Avg Equity Return on Avg Loan Assets 20% 2% 1.70%
Slide 9: Large geographic presence
Large geographic presence Large geographic presence • 9 Regional Offices Corporate office • 23 Back Offices Regional offices Amritsar Jalandhar Back offices Operating offices • 44 Cluster Offices Shimla • 307 Area Offices Ludhiana Ambala Chandigarh Bhatinda Patiala Dehradun Hisar Noida Karnal • Rep
Slide 10: Distribution Network
Distribution Network Distribution Network HOME LOAN AGENTS (HLAs) (Agents of LIC) DIRECT SALES AGENTS (DSAs) (Small Firms/Companies etc) CUSTOMER RELATIONS 307 ASSOCIATES (CRAs) (Individual Agents of the Company) Marketing Offices 46 branches of LICHFL Financial Services (100% subsidiary of LICHFL)
Slide 11: Origination Pattern & Average Ticket Size
Origination Pattern & Average Ticket Size Origination Pattern & Average Ticket Size Customer Type (No.) Originations by source 13% 13% 5% 3% 3% 55% 87% 21% Salaried Self Employed HLA DSA CRA DIRECT DME Corporate Agent Incremental Ticket Size Top 8 cities & Others (Rs lacs) ₹ 31.0 ₹ 30.0 43% ₹ 29.0 5
Slide 12: Loan Book Composition
Loan Book Composition Loan Book Composition NHC-Project NHC-Others NHC-Project Loans 2.3% Loans NHC-Others 3.0% 2.9% 1.7% Non-Housing Individual 9.8% Non-Housing Individual 10.3% Individual Home Individual Loans Home Loans 84.9% 85.1% 31.12.2023 31.12.2024 O/s Portfolio Rs. 281206 cr O/s Portfolio R
Slide 13: Individual Loans – Portfolio Stats
Individual Loans – Portfolio Stats Individual Loans – Portfolio Stats Pure Floating Rate Loans Loan To Value Ratio To Outstanding Portfolio On Incremental Sanctions As of FY23 97% For FY23 47% As of FY24 99% For FY24 52% As of 9MFY25 99% For 9MFY25 51% Prepayment Installment to Net Income Ratio Lump
Slide 14: Financial Highlights Q3FY2025
Financial Highlights Financial Highlights Q3FY2025 Q3FY2024 Return on Average Equity (%) 17% 16% Return on Average Assets (%) 1.93% 1.66% Earnings per share (on Rs 2 pd up) 26.03 21.14 Capital Adequacy Ratio Sept 2024 Sept 2023 Tier I 20.00 18.11 Tier II 1.49 1.66 Total 21.49 19.77 14
Slide 15: Executive Summary – Q3/FY2025
Executive Summary – Q3/FY2025 Executive Summary-Q4/FY23 Rs. cr Particulars Var Q3 Q3 Var 9M 9M FY25 FY24 FY25 FY24 Revenue from Operations 4% 7057.33 6792.47 2% 20766.81 20291.81 Finance cost 7% 4951.48 4646.50 6% 14581.11 13740.75 Net Interest Income -5% 2000.13 2097.23 -7% 5963.07 6413.29 Impairme
Slide 16: Executive Summary – Q3/FY2025
Executive Summary – Q3/FY2025 Executive Summary – Q4/FY23 Rs. cr Q3 Q3 Particulars Var Var 9MFY25 9MFY24 FY25 FY24 Disbursements Individual Housing Loan (IHL) -5% 12248 12868 4% 36231 34803 Non-Housing Individual (NHI) 21% 2094 1726 21% 5384 4461 Non-Housing Commercial (NHC) -30% 150 215 -8% 350 382
Slide 17: Liability Profile
Liability Profile Liability Profile as on 31.12.2024 Source Wtd Outstanding Borrowings – Rs. 262566 cr Avg CP Deposits Tier II 4% 3% Cost 1% NHB (%) 5% Bank (including NHB) 7.90% Bank 33% Non Convertible Debenture 7.70% Tier II 7.30% Commercial Paper 7.80% Deposits 7.62% Total 7.78% NCD 54% During Q
Slide 18: Change in Liability Mix – last 4 yrs
Change in Liability Mix- last 4Change yrs in Liability Mix- last 4 yrs 100% Bank funding has 90% reduced from 80% 32% in FY12 to 25% in FY14. 70% Retail Deposits 60% increased to 2.2% 50% 40% Others 30% Deposit 20% NHB 10% Bank 0% NCD FY23 FY24 Q1FY25 Q2FY25 Q3FY25 7.63% 7.76% 7.76% 7.73% 7.78% Wtd.
Slide 19: Yield & Cost of Funds on portfolio
Yield & Cost of Funds on portfolio Yield & Cost of Funds on portfolio 12.00% 9.97% 10.00% 9.73% 8.00% 7.70% 7.78% 6.00% 4.00% 2.00% 0.00% 9MFY24 9MFY25 Yield on Advances on 9.97% 9.73% Portfolio Wtd Avg cost of funds on 7.70% 7.78% Total Borrowed Funds 19
Slide 20: NIMs
NIM’s NIMs 4.00% 3.50% 3.15% 3.00% 2.76% 2.71% 2.70% 2.50% 2.00% 1.50% 1.00% Q4FY 24 Q2FY25 Q3FY25 Q1 FY 25 20
Slide 21: Classification of Assets
Classification of Assets Classification of Assets Exposure At Default Dec-24 Dec-23 % Stage 1 93.25% 91.20% Stage 2 4.00% 4.54% Stage 3 2.75% 4.26% Total 100 % 100% ECL Provision Dec-24 Dec-23 Stage 1 Rs. 509 cr Rs. 513 cr Stage 2 Rs. 560 cr Rs. 558 cr Stage 3 Rs. 3905 cr Rs. 5819 cr Stage 3-PCR 48
Slide 22: Thank you
Thank you DISCLAIMER This presentation is made purely for information. We have attempted to provide relevant information which we believe will help in knowing the Company. The users may use their own judgment and are advised to make their own calculations before deciding on any matter based on the i
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