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Press Releases Q2 FY 2016

Performance Highlights –H1FY16

(Figures in Rs. crores)

  Half year ended September 2015 Half year ended September 2014 Variation
Revenue from operations 5943 5079 17%
Total Income incl other income 6055 5202 16%
Net Interest Income 1376 1038 33%
Net Profit Before Tax 1223.26 1005.14 22%
Net profit after tax 793.87 663.66 20%

  1 crore =10 million

The company's total income for six months ended September 30, 2015 was Rs 6055 crore as against Rs 5202 crore during the same period previous year, a growth of 16%. Revenue from operations grew 17% to Rs 5943 crore from Rs 5079 crore.

NII for the six months ended September 30, 2015 up by 33% to Rs. 1376 crore from Rs. 1038 crore during the same period previous year. .

PBT for the six months ended September 30, 2015 was Rs 1223.26 crore as against Rs 1005.14 crore during the same period previous year, a growth of 22%.

Net interest margins for the H1FY16 stood at 2.47% as against 2.20% for H1FY15.

Commenting on the performance, Ms. Sunita Sharma, MD & CEO, LIC Housing Finance said ‘We have been able to improve margins and maintain good asset quality. Business growth has been healthy. Further improvement on all the operational areas is expected in coming quarters”.

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 principall.

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

Ms. Sunita Sharma
Managing Director & CEO
LIC Housing Finance Ltd
Tel: 022-2217 8602
Delna Irani/ Ujjawal Punmiya
Adfactors PR
Tel: 022-6757 4444

 

 
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