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Press Releases March,2014

LIC Housing Finance FY 2014 net profit up 29% to Rs 1317.19 crores
Q4 Net Profit up by 17% to Rs. 370.02 crores
Q4 Total Income up 19%; Q4 Net Interest Income up by 16%
FY 2014 Individual Loan portfolio grows 18% to 88559 crores
Board proposes 225 % dividend

Mumbai, April 21, 2014: LIC Housing Finance announced its audited results for the year ended March 2014, following its approval by the Board of Directors in a meeting held in Mumbai on April 21, 2014.

Performance Highlights – Q4 FY 2014

(Figures in Rs. crores)

  Quarter Ended March 2014 Quarter Ended March 2013 Variation
Revenue from operations 2407 2028 19%
Total Income 2478 2075 19%
Net Interest Income 533 461 16%
Profit before tax 521.58 416.32 25%
Net Profit after Tax 370.02 316.16 17%

1 crore = 10 million

The company's recorded total income for Q4 FY14 was Rs. 2478 crores as against Rs.2075 crores during the same period previous year, a growth of 19%. Revenue from operations grew 19% from Rs. 2028 crores to Rs. 2407 crores. Net Interest Income was Rs 533 cr, registering a growth of 16% over the same period last year. Profit before Tax for the quarter was Rs.521.58 cr a growth of 25% over the same period in the previous year year.

Net profit after Tax for the Q4 FY14 was Rs. 370.02 crores as compared to Rs.316.16 crores in the corresponding period previous year, thus showing a growth of 17%. Net Interest Margins for the Q4 FY14 stood at 2.40% as against 2.16% for Q3FY14.

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