LIC Housing Finance:
Net profit up 29% to Rs 1317.19 crores
FY 2014 Q4 Net Profit
up by 17% to Rs. 370.02 crores
Q4 Total Income up
19%; Q4 Net Interest Income up by 16%
FY 2014 Individual
Loan portfolio grows 18% to Rs. 88559 crores
Board proposes 225 %
dividend
For the year ended
March 2014, the company's total income was Rs.9335 crores as against Rs. 7659
crores during the same period previous year, a growth of 22%. Revenue from
operations grew 22% from Rs. 7459 crores to Rs.9073 crores. Profit before Tax
for the year stood at Rs 1825.50 cr registering a growth of 33% over the
previous year.
Net profit after Tax
during this period was Rs.1317.19 crores as compared to Rs.1023.21 crores in
the corresponding period of the previous year, a growth of 29%.
The outstanding mortgage
portfolio as on March 31, 2014 was Rs. 91341 crores as against Rs. 77813 crores
on March 31, 2013, thus registering a growth of 17%.Individual Loan Portfolio
stood at Rs 88559 cr as on March 31, 2014 a growth of 18%.
The Gross NPAs of the
company stood 0.67% on March 31, 2014 as against 0.61% as on March 31, 2013.
Net NPAs were Rs 0.39% as against 0.36% for the corresponding dates. Gross NPAs
in the individual loan segment stands at 0.27% as on March 31, 2014 as against
0.32% as on March 31, 2013. Net Interest Margins for the full year was 2.25% as
against 2.18 % for the FY 2013.
The Board of
Directors have recommended dividend of 225%, including Silver Jubilee dividend
of 25 %.
LIC Housing Finance,
Managing Director & CEO, Ms. Sunita Sharma, said “This was a year where the
macros have been very challenging. In spite of the difficult environment we
have delivered yet another year of strong performance in all the areas of
operations- portfolio growth, margin expansion and continue to maintain industry
best asset quality. We are stepping into our 25th year of operation and would
like to make it memorable by achieving greater heights”.
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
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