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Press Releases December,2012

LIC Housing Finance Q3 net profit Rs 236.25 crore
Q3 Loan Disbursements up by 27%,
Outstanding Loan Portfolio up by 24%
Q3 Revenue from operations rises 24%

Mumbai, February 14, 2013: :The Board of Directors of LIC Housing Finance (LIC HFL) announced its unaudited results for the third quarter ended December 31, 2012. The Board meeting was held in Mumbai on February 14, 2013.

Performance Highlights-Q3 FY2013

(Figures in Rs. crores)

  Quarte Ended December 31,2012 Quarter Ended December 31,2011 Variation
Individual Loan Disbursals 5508 4568 21%
Total Loan Disbursals 6005 4729 27%
Revenue from operations 1905 1539 24%
Total Income 1955 1593 23%
Net Interest Income 370 326 13%
Profit after Tax 236.25 305.69 (23%)
Outstanding Loan Portfolio 72704 58707 24%

1 crore = 10 million

During third quarter ended December 31, 2012, the company disbursed loans worth Rs 6005 crores, registering a growth of 27% when compared to its performance during third quarter of the previous year. Out of the above, Individual loan disbursals grew 21% to Rs. 5508 crore.

The total income for the quarter was Rs 1955 crore as against Rs 1593 crore for the corresponding period of the previous year, recording a growth of 23%. Revenue from operations was Rs 1905 crore against Rs. 1539 crore for the corresponding period of the previous year, a growth of 24%.

Net Interest Income for the quarter was Rs 370 crore as against Rs 326 crore for the corresponding quarter of the previous year, a growth of 13%.

The Net profit for Q3 was Rs 236.25 crores when compared to Rs 305.69 crores in the corresponding period of the previous year.

Net interest margin of the Company for Q3 ended December 31, 2012 stood at 2.09% as against 2.10% for the Q2 ended September 30, 2012.

 
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