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Press Releases June,2012

LIC Housing Finance Q1 Net Profit Rs 227.75 cr
Q1 Total Sanctions up by 44%, Disbursements up by 35%,
Q1 Individual Loan Sanctions up 33%, Individual loan Disbursements up 29%
Individual Loan Portfolio up by 28%, Interest Income grow 27%
Gross NPAs down from 0.84% to 0.71%

Mumbai, July 24, 2012: The Board of Directors of LIC Housing Finance announced its un-audited results for the first quarter ended on June 30, 2012 following its approval by the Board of Directors in a meeting held in Mumbai on July 24, 2012.

Performance Highlights – Q1 FY 2013

(Figures in Rs. crores)

  Quarter Ended June 2012 Quarter Ended June 2011 Variation
Individual Loan Sanctions 4900 3682 33%
Individual Loan Disbursements 4470 3468 29%
Developer Loan Sanctions 408 5 8216%
Developer Loan Disbursements 521.58 77 315%
Interest Income on Housing Loans 1718 1358 27%
Total Income 1767 1418 25%
Profit after Tax 227.75 256.50 (11%)
Outstanding Loan Portfolio 65644 52876 24%
Gross NPA 0.71% 0.84%  
Net NPA 0.38% 0.39%  

1 crore = 10 million

The Company has recorded a healthy growth in business during the first quarter ended June 2012.

In the Individual Loan category, the Company sanctioned Rs 4900 cr , a growth of 33 % over the corresponding period of the previous year, whereas the disbursements in that category was Rs 4470 cr, a growth of 29% over the corresponding period of the previous year. In the Developer Loan category, the Company sanctioned Rs 408 cr, as against Rs 5 cr in the corresponding period of the previous year, whereas the disbursements in that category was Rs 321 cr, against Rs 77 cr for the corresponding period of the previous year.

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