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Press Releases September,2013

Performance Highlights –H1 FY 2014

(Figures in Rs. crores)

 

 

Half Year ended

 September 2013

Half Year ended

 September 2012
Variation
Income from operations 4395 3586 Up by 23%
Net Interest Income 908 704 Up by 29%
Profit before tax 847.67 636.75 Up by 33%
Profit after tax 620.58 470.81 Up by 32%

 

1 crore = 10 million

For the six months ended September 30, 2013, the company recorded a total income of Rs.4480 crore as against Rs.3629 crore during the same period last year, a growth of 23%. Income from operations was Rs. 4395 crore as against Rs.3586 crore, a growth of 23%.

Net profit for the six months ended September 30, 2013 was Rs.620.58 crore as compared to Rs.470.81 crore in the corresponding period last year a growth of 32%.

The company disbursed a total of Rs.11073 crore for the six months ended September 30, 2013 as against Rs.10629 crore for the same period last year. Disbursements in the developer loan segment were Rs 332 crore as against Rs. 443 crore for the same period last year.

The Net Interest Income for the six months ended September 30, 2013 was Rs. 908 crore as against Rs.704 crore for the same period last year, a growth of 29%. Net Interest Margins for the six months ended September 30, 2013 stood at 2.26% against 2.13% for the corresponding period ended September 30, 2012

“In a very challenging business environment, we have been able to maintain good asset quality and improved profitability. For the full year, we expect loan book growth at around 20% with some improvement in margins” said Mr. V. K. Sharma, Managing Director & CEO, LIC Housing Finance Ltd.

 
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