LIC Housing Finance Ltd (LIC HFL) announced its audited results for the year ended March 2013, following its approval by the Board of Directors in a meeting held in Mumbai on April 26, 2013.
Q 4 Net Interest Income up by
24 %
FY 2013 Individual Loan
Disbursements up by 22 %
FY 2013 Individual Loan
portfolio grows 25 % to 75147 crores
FY 2013 net profit up 12 % to
Rs 1023.21 crores
Board proposes 190 % dividend
|
|
Quarter
Ended
March 2013
|
Quarter
Ended
March 2012
|
Increase
|
|
Individual Loan Sanctions
|
7,842
|
5,638
|
39 %
|
|
Individual
Loan Disbursements
|
7,536
|
6,345
|
19
%
|
|
Revenue
from operations
|
2,028
|
1,628
|
25
%
|
|
Total
Income
|
2,075
|
1,689
|
23
%
|
|
Net
Interest Income
|
461
|
371
|
24
%
|
|
Profit
before tax
|
416.32
|
348.80
|
19
%
|
|
Net
Profit after Tax
|
316.16
|
253.60
|
25
%
|
During the Q4 FY13 in the individual loan category, the company
sanctioned and disbursed loans totaling Rs 7842 cr, & Rs 7536 cr,
registering a growth of 39% & 19% respectively over the fourth quarter of
the previous year. The total loan sanctions & disbursements were Rs. 8.070
cr & Rs 7,725 cr.
The Company's total income for the fourth quarter ended March
2013 was Rs. 2075 crores as against Rs.1,689 crores during the same period last
year, a growth of 23%. Revenue from operations grew 25 % from Rs. 1,628 crores to Rs. 2,028
Crores.
Net profit for the Q4 was Rs. 316.16 crores as compared to
Rs.253.60 crores in the corresponding period last year, thus showing a growth
of 25,%. Net Interest Margins for the Q4 FY13 stood at 2.45% as against 2.09 %
for Q3 FY13.
Performance Highlights –FY 2013
(Figures in Rs. crores)
|
Details
|
Year
ended March 2013
|
Year
ended
March
2012
|
Increase
|
|
Individual Loan Sanctions
|
24,843
|
20,752
|
20%
|
|
Individual Loan Disbursements
|
23,230
|
19,118
|
22%
|
|
Revenue
from operations
|
7,459
|
5,982
|
25%
|
|
Total
Income
|
7,659
|
6,215
|
23%
|
|
Net
Interest Income
|
1,534
|
1,392
|
10%
|
|
Profit
before tax
|
1,373.57
|
1,230.91
|
12%
|
|
Net
Profit after Tax
|
1,023.21
|
914.20
|
12%
|
|
Dividend
|
190
%
|
180
%
|
|
|
Gross
NPA%
|
0.61
%
|
0.42 %
|
|
|
Net
NPA%
|
0.36
%
|
0.14
%
|
|
|
Outstanding
Mortgage Portfolio
|
77,812
|
63,080
|
23 %
|
|
EPS
(Rs 2 paid-up)
|
20.28
|
19.20
|
|
1 crore =10 million
During the year ended March 2013, the company sanctioned and
disbursed loans totaling Rs. 26,477 crores & Rs. 24,358 cr, registering a
growth of 20 % & 22 % respectively over the previous year.
Out of the total, Individual loan sanctions & disbursements
were Rs. 24.843 cr & Rs. 23,230 cr, registering growth of 20 % & 22%.
For the year ended March 2013, the company's total income was
Rs.7,659 crores as against Rs. 6,215 crores during the same period last year, a
growth of 23 %. Revenue from operations grew 25 % from Rs. 5982 crores to
Rs.7459 Crores.
Net profit during this period was Rs.1,023.21 crores as
compared to Rs.914.20 crores in the corresponding period last year, a growth of
12 %.
 |
| V.K. Sharma, MD and CEO, LIC HFL. |
The outstanding mortgage portfolio as on March 31, 2013 was Rs.
77,812 crores as against Rs. 63,080 crores on March 31, 2012, thus registering
a growth of 23%.
The Gross NPAs of the company stood 0.61 % on March 31, 2013 as
against 0.42 % as on March 31, 2012. Net NPAs were Rs 0.36 % as against 0.14 %
for the corresponding dates.
The net interest margins for the whole year stood at 2.18 % as
against 2.44 % for the previous year.
The Board of Directors have recommended dividend of 190 %.
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.V.
K Sharma Annapoorni,
Managing
Director & CEO Adfactors
PR,
LIC
Housing Finance Ltd Tel:
044 28297497 -
Tel: 022 - 2217 8602
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