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Press Releases Q4 FY 2015

Performance Highlights –FY 2015

(Figures in Rs. crores)

  Year ended March 2015 Year ended March 2014 Variation
Income from operations 10669 9181 16%
Total Income 10799 9335 16%
Net Interest Income 2236 1899 18%
Profit before tax 2102 1826 15%
Net profit after tax before adjustment of Deferred Tax Liability on Special Reserve 1517.05 1317.19 15%
Dividend 250% 225%  
EPS (Rs 2 paid-up) 27.47 26.10  

  1 crore =10 million

For the year ended 31.3.2015, the Company recorded a disbursement of Rs.30327 Crores, a growth of 20% over the previous year. Individual loan disbursement was Rs.29256 Cr, registering a growth of 20%.

For the year ended March 2015, the company's total income was Rs. 10799 crores as against Rs. 9335 crores during the previous year, a growth of 16%. Income from operations grew 16% from Rs. 9181 crores to Rs.10669 crores. Profit before Tax for the year stood at Rs 2102 cr registering a growth of 15% over the previous year.

Net profit after tax before adjustment of Deferred Tax Liability on Special Reserves stood at Rs.1517.05 Cr showing a growth of 10% when compared to the last year.

During the year under review, the Company has made provisions of Rs.130.86 crores as Deferred Tax Liability on Special Reserves in accordance with the National Housing Bank circular Ref. NHB(ND)/DRS/Pol.Circular No 62/2014 dated 27.5.2014.

Net profit for the year ended March 31, 2015 after providing for Rs 130.86 cr as Deferred Tax Liability on Special Reserve was Rs. 1386.19 crore as compared to Rs. 1317.19   crore last year a growth of  5%.

The outstanding mortgage portfolio as on March 31, 2015 was Rs.108361 crores as against Rs. 91341 crores on March 31, 2014, thus registering a growth of 19%. Individual Loan Portfolio stood at Rs 105630 cr as on March 31, 2015 a growth of 19%.

The Gross NPAs of the company stood 0.46% on March 31, 2015 as against 0.67% as on March 31, 2014. Net NPAs were Rs 0.22% as against 0.39% for the corresponding dates. Gross NPAs in the individual loan segment stands at 0.24% as on March 31, 2015 as against 0.27% as on March 31, 2014. Net Interest Margins for the full year was 2.24%.

The Board of Directors have recommended dividend of 250%.

LIC Housing Finance, Managing Director & CEO, Ms. Sunita Sharma said “We are encouraged by the strong growth in disbursements, which was consistent throughout the year and improving in the fourth quarter. Significant improvement in Asset quality is another area of success during the year. The fourth quarter also witnessed margin improvement. We are confident of a very good FY 2016”

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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