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Press Releases Q3 FY 15
LIC Housing Finance Ltd Q3FY15 Profit Before TaxRs521.51croresup by 14%
Q3 FY15 Loan Disbursements up 25%
Individual Loan Portfolio up 19% at Rs 99362 cr
Total Loan portfolio at Rs 101944cr
Gross NPAs down to 0.57%


Mumbai, January 14, 2015:The Board of Directors of LIC Housing Finance announced its un-audited results for the second quarter ended on December 31, 2014, following its approval by the Board of Directors in a meeting held in Mumbai today.

Performance Highlights – Q3FY15

(Figures in Rs. crores)

  Quarter Ended December 2014 Quarter Ended December 2013 Variation
Income from operations 2700 2343 15%
Total Income incl other income 2736 2376 15%
Net Interest Income 549 458 20%
Profit before tax 521.51 456.25 14%
Net profit after tax before adjustment of Deferred Tax Liability on Special Reserve 378.35 326.59 16%
Individual Loan Portfolio 101944 86422 18%
Gross NPA % 0.57% 0.81%  

(1 crore =10 million)

During the Q3FY2015, the company disbursed loans of Rs. 7632crore against Rs 6130 cr a growth of 25% over the corresponding quarter of the previous year. Individual Loan disbursementswas Rs 7184 cr, a growth of 23%, while disbursements in the developer loan segment was Rs 448 cr, a growth of 51%.

The company's total income for Q3FY15was Rs2736crore as against Rs 2376 crore during the same period previous year, a growth of 15%.Income from operations grew 15% toRs2700crorefromRs2343crore.

NII for the quarter endedDecember 31, 2014 wasup by 20% toRs549crore from Rs458croreduring the same period previous year.

PBT for the quarter was Rs521.51croreas against Rs456.25croreduring the same period previous year, a growth of 14%.

During the quarter, the company has provided Rs 34crore as Deferred Tax Liability on Special Reserves in accordance with the National Housing Bank circular Ref. NHB(ND)/DRS/Pol.Circular No 62/2014 dated 27.5.2014. After providing for the abovementioned Deferred Tax Liability of Rs34 crore, the Net Profit for the quarter stood at Rs344.35crore as against Rs326.59 crore for the corresponding period last year, a growth of 5%.

NIM for the Q3FY15stood at 2.20% as against 2.16% for Q3FY14.

The outstanding mortgage portfolio as on December 31,2014 wasRs101944crore as against Rs86422croreas on December 31,2013, thus registering a growth of 18%. The Individual loan portfolio stood at Rs99362crore as against Rs83839croreon the corresponding dates, a growth of 19%. Developer loan portfolio stood at Rs2582crore as against the same figureon the corresponding date in the previous year.

 
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