LICHSGFIN Q4 FY26 Guidance vs Delivery (LICHSGFIN Management Mirror)

Disbursements & Growth Outlook

Management provided fresh full-year targets of Rs. 78,000 crores in total disbursements (Rs. 73,000 crores retail, Rs. 4,500 crores project finance), while expecting project finance to actually reach Rs. 6,000 to Rs. 7,000 crores, aided by a new credit rating model (Mar'26 Qtr). For the Jun'26 Qtr, the company targets 15% year-over-year disbursement growth, aiming for 11.50% loan book growth for the full year. This follows the Dec'25 Qtr where Q4 disbursement minimums of Rs. 20,000 to Rs. 22,000 crores were targeted, and the Sep'25 Qtr which reaffirmed double-digit growth expectations. Furthermore, the company anticipates LAP and LRD segments to continue or accelerate their 25% growth rate, targeting a 25% overall business mix within two years, while aiming for Rs. 4,000 to Rs. 5,000 crores from new aggregators (Mar'26 Qtr). [Status: Initiated]