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Press Releases March,2013

LIC Housing Finance Q4 Net Profit up by 25% to Rs. 316.16 crores
Q4 Net Interest Income up by 24%
FY 2013 Individual Loan Disbursements up by 22%,
FY 2013 Individual Loan portfolio grows 25% to 75147 crores
FY 2013 net profit up 12% to Rs 1023.21 crores
Board proposes 190 % dividend

Mumbai, April 26, 2013:LIC Housing Finance announced its audited results for the year ended March 2013, following its approval by the Board of Directors in a meeting held in Mumbai on April 26, 2013.

Performance Highlights-Q4 FY 2013

(Figures in Rs. crores)

  Quarter Ended March 2013 Quarter Ended March 2012 Variation
Individual Loan Sanctions 7842 5638 39%
Individual Loan Disbursements 7536 6345 19%
Revenue from operations 2028 1628 25%
Total Income 2075 1689 23%
Net Interest Income 461 371 24%
Profit before tax 416.32 348.80 19%
Net Profit after Tax 316.16 253.60 25%

1 crore = 10 million

During the Q4 FY13 in the individual loan category, the company sanctioned and disbursed loans totaling Rs 7842 cr, & Rs 7536 cr, registering a growth of 39% & 19% respectively over the fourth quarter of the previous year. The total loan sanctions & disbursements were Rs 8070 cr & Rs 7725 cr.

The Company's total income for the fourth quarter ended March 2013 was Rs. 2075 crores as against Rs.1689 crores during the same period last year, a growth of 23%. Revenue from operations grew 25% from Rs. 1628 crores to Rs. 2028 Crores.

Net profit for the Q4 was Rs. 316.16 crores as compared to Rs.253.60 crores in the corresponding period last year, thus showing a growth of 25%. Net Interest Margins for the Q4 FY13 stood at 2.45% as against 2.09% for Q3FY13.

 
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