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Press Releases Q3 FY 2016

Performance Highlights –9 months FY16

(Figures in Rs. crores)

  Nine months ended December 2015 Nine months ended December 2014 Variation
Revenue from operations 9045 7746 17%
Total Income incl other income 9212 7938 16%
Net Interest Income 2123 1587 34%
Net Profit before Tax 1869.28 1526.65 22%
Net profit after tax 1212.77 1008.01 20%

  1 crore =10 million

The company's total income for nine months ended December 31, 2015 was Rs 9212 crore as against Rs 7938 crore during the same period previous year, a growth of 16%. Revenue from operations grew 17% to Rs 9045 crore from Rs 7746 crore.

NII for the nine months ended December 31, 2015 up by 34% to Rs. 2123 crore from Rs. 1587 crore during the same period previous year.

PBT for the nine months ended December 31, 2015 was Rs 1869.28 crore as against Rs 1526.65 crore during the same period previous year, a growth of 22%. Net profit after tax for the period was Rs. 1212.77 crores as compared to Rs.1008.01crores in the corresponding period previous year, thus showing a growth of 20%.

Net interest margins for the nine months ended December 31, 2015 stood at 2.51% as against 2.19% for the corresponding period ended December 31, 2014.

Commenting on the performance, Ms. Sunita Sharma, MD & CEO, LIC Housing Finance said “Our continued focus on growth with profitability has resulted in improvement in margins. We have grown our loan book at a decent pace and improved on asset quality as well”

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:

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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