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LIC Housing Finance Ltd. (LIC HFL) has set a target of ₹4,250 crore in home loan business for the 2025–26 financial year in Andhra Pradesh and has so far achieved ₹1,628 crore during the first half of the year (up to the second quarter). In Visakhapatnam alone, ₹658 crore has been achieved against the target of ₹1,770 crore during this period, according to the company’s Managing Director and CEO Tribhuwan Adhikari. Speaking to select media persons at a hotel here on Monday, Mr. Adhikari said the company had initiated a special focus on Andhra Pradesh from the current financial year. For the first time, a dedicated marketing head has been appointed for the State, based in Vijayawada. Mr. Adhikari, who made his maiden visit to the city to chair the company’s two-day regional meeting for Andhra Pradesh and Telangana staff, said LIC HFL has a network of 303 marketing offices across the country. In Andhra Pradesh, it operates through an extensive network of 20 area offices and three cluster offices, supported by a Deputy Regional Manager’s Office in Vijayawada. LIC HFL’s share of the individual home loan market in Andhra Pradesh and Telangana stands at around 19.46%. During FY 2025–26, the company disbursed ₹5,634.71 crore in this region, and its outstanding loan book stood at ₹63,000 crore as of September 2025. On the company’s pan-India performance, Mr. Adhikari said LIC HFL reported a steady performance in Q2 FY 2025–26, with a net profit after tax of ₹1,353.87 crore, registering a 2% year-on-year growth. Total disbursements during the quarter stood at ₹16,313 crore. Revenue from operations grew 3% to ₹7,163 crore, while Net Interest Income (NII) increased by 3% to ₹2,038 crore. The Net Interest Margin (NIM) for the quarter was 2.62%, and Profit Before Tax (PBT) rose 2% year-on-year to ₹1,704.71 crore. The company’s loan portfolio increased 6% to ₹3,11,816 crore, driven by a 5% growth in the individual home loan segment to ₹2,64,096 crore. Asset quality improved, with Stage 3 exposure reducing to 2.51% from 3.06% a year ago. ECL provisions stood at ₹5,074 crore, with 53% coverage. For the half year ended September 2025, LIC HFL reported a 3% growth in net profit to ₹2,713.79 crore and a 5% rise in total income to ₹14,403 crore, reflecting consistent momentum in disbursements and earnings. Commenting on the results, Mr. Adhikari said LIC HFL remains focused on the affordable and mid-segment housing markets, leveraging partnerships and AI-enabled processes to deliver a seamless digital experience for new-age homebuyers.
