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LIC HFL Q4 FY18

LIC Housing Finance Q4 Net Profit Rs 539.33 crores
FY18 Disbursements up by 19%
FY 2018 Loan portfolio grows 15% to Rs 166363 crores
Individual Loan Gross NPAs at 0.42%
Board proposes 340% dividend

Mumbai, April 23, 2018: LIC Housing Finance announced its audited financial results for the year ended March 31, 2018, following its approval by the Board of Directors in a meeting held in Mumbai today.

Performance Highlights – Q4 FY 2018

(Figures in Rs. crores)

  Quarter Ended March 31, 2018 Quarter Ended March 31, 2017 Variation
Revenue from operations 3901 3643 7%
Total Income incl other income 3934 3662 7%
Profit before tax 838.74 806.10 4%
Net Profit after tax 539.33 529.19 2%
Outstanding Loan Portfolio 166363 144534 15%
Gross NPA % 0.78% 0.43%  

(1 crore =10 million)

During the quarter March 31, 2018, total disbursements recorded a growth of 15% from Rs 15192 crores to Rs 17402 crores. Out of that, disbursements in the individual home loan segment registered a 17% growth from Rs 9253 crores to Rs 10838 crores, whereas total disbursements in project loans was Rs 2266 crores as against Rs 1232 crores for Q4 FY17.

The company's total income for Q4 FY18 was Rs. 3934 crores as against Rs. 3662 crores during the same period previous year, a growth of 7%. Revenue from operations grew 7% from Rs. 3643 crores to Rs. 3901 crores. Net Interest Income was Rs 1004 crores, as against Rs 1040 cr for the same period in the previous year.

Profit before Tax for the quarter was Rs. 838.74 crores as against Rs.806.10 crores for the same period in the previous year, marking a growth of 4%. Net profit after tax stood at Rs. 539.33 crores as compared to Rs. 529.19 crores during the same period previous year.

The Individual loan portfolio stood at Rs 158270 crores as against Rs 139024 crores, a growth of 14%. Developer loan portfolio stood at Rs 8093 crores as on March 31, 2018 as against Rs 5510 crores as on March 31, 2017.

Total provision including general provision on standard loans is Rs. 1249 crores as on March 31, 2018.

Total Gross NPAs for the company including NPAs on developer loans was 0.78% as on March 31, 2018 as against 0.43% as on March 31, 2017. Gross NPAs in individual segment was 0.42% as on March 31, 2018.

Net NPAs stood at 0.43% as on March 31, 2018 as against 0.14 % as on March 31, 2017.

Net Interest margins for Q4 FY18 stood at 2.49% as against 2.33% for Q3FY18 and 2.97% for Q4 FY17.

Performance Highlights – FY 2018

(Figures in Rs. crores)

  Nine months Ended March 31, 2018 Nine months Ended March 31, 2017 Variation
Revenue from operations 14960 13987 7%
Total Income 15073 14080 7%
Net Profit before tax 3062 2956 4%
Net Profit after tax 1989.59 1931.05 3%
EPS (Rs 2/- paid-up) 39.42 38.26  

(1 crore =10 million)

During the year ended March 31, 2018, the total disbursements for the company stood at Rs 49378 crores as against Rs 41541 crores for the same period of the previous year, registering a growth of 19%. During the period, disbursements in the individual home loan category was Rs 35344 crores against Rs 29337 crores, a growth of 20%.

For the year ended March 31, 2018, the company's total income was Rs. 15073 crores as against Rs. 14080 crores during the previous year, a growth of 7%. Revenue from operations grew 7% from Rs. 13987 crores to Rs. 14960 crores.

Net Interest Income (NII) for the year ended March 31, 2018 was Rs 3701 crores against Rs 3645 crores during the previous year.

Net profit before Tax (PBT) for the year ended March 31, 2018 stood at Rs 3062 crores as against Rs 2956 crores during the same period previous year, registering a growth of 4%.

Net profit after tax stood at Rs 1989.59 crores as against Rs.1931.05 crores during the same period last year, marking a growth of 3%.

Net Interest Margins for the year ended March 2018 was 2.38% as against 2.70% for FY 2017.

The Board of Directors have recommended dividend of 340%.

LIC Housing Finance, Managing Director & CEO, Mr. Vinay Sah said, “The fourth quarter saw continuation of the growth trend that was witnessed during the previous quarters. The Company registered improvements on both margins and asset quality. We are confident of further improvements on all operational areas in FY19”.

About LIC Housing Finance Ltd

LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LICHFL Financial Services Ltd. LIC Housing Finance Ltd was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. It launched its maiden GDR offering in 2004. The company enjoys the highest rating from CRISIL & CARE indicating highest safety with regard to the ability to service interest and repay principal.

For further information please visit the website www.lichousing.com or contact:

Mr. Vinay Sah

Managing Director & CEO

LIC Housing Finance Ltd.

Tel: 022-2217 8602

Delna Irani

Adfactors PR

Tel: 022-6757 4444

 

 

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