LIC HOUSING FINANCE = Q2 FY 2011 RESULTS = QTR ENDING SEPTEMBER, 2010 = EXCELLENT PERFORMANCE

LIC Housing Finance Limited

NSE Symbol LICHSGFIN

LIC HOUSING FINANCE has declared its results for Q2 FY 2011.

Net Sales/Income from Operations is Rs.1042.93Cr against Rs.971.55Cr in previous Qtr (+7.35%); and against Rs.784.68Cr in corresponding qtr of previous year ( a good increase of 32.91%).

Net Profit  is Rs.234.21 cr – against rs.212.02 Cr in previous Qtr (+10.47%) – and against Rs.171.25Cr in corresponding Qtr – a good increase of 36.77%.

Basic EPS for Q2 is Rs.24.67 – against Rs.22.33 in previous Qtr , an increase of 10.48% - and against Rs.19.96 in corresponding qtr, reflecting an increase of 23.6%. If this rate of progress continues in Q3 and Q4, the company could well clock an annual EPS of over Rs.100/- for current year.

Performance Highlights – Q2 FY2011

(Figures in Rs. crores)	Quarter  Ended  September 2010	Quarter  Ended  September 2009	Variation
Loans Sanctioned	7667	5365	Up by 43 %
Loans Disbursed	5101	3757	Up by 36 %
Total Income	1100	835	Up by 32%
Interest Income on Housing Loans	1043	785	Up by 33%
Net Interest Income	305	187	Up by  63%
Profit before tax	319.04	227.80	Up by 40 %
Profit after Tax	234.21	171.25	Up by  37%
Outstanding Loan Portfolio	43385	31890	Up by  36%

Net Interest Margins for the Q2 stood at 2.93% against 2.44% for the same period in the previous year.

The results are quite healthy and the company is recording good uptrend in each succeeding quarter.

RESULTS IN FIGURES:

LIC HSGF	30-Sep-10	30-Jun-10	Dif%1	30-Sep-09	Dif%2
Net Sales/Income from Operations	104292.58	97155.22	7.35	78467.97	32.91
Other Operating Income	5729.11	4090.2	40.07	5021.39	14.09
Employees Cost	1652.05	1488.87	10.96	1435.86	15.06
Depreciation	156.95	152.41	2.98	159.36	-1.51
Other Expenditure	3249.75	3194.58	1.73	-248.28	-1408.91
Total Expenditure	5058.75	4835.86	4.61	1346.94	275.57
Profit from Operations	104962.94	96409.56	8.87	82142.42	27.78
Other Income5	723.16	247.62	192.04	422.31	71.24
Profit B I & EI	105686.1	96657.18	9.34	82564.73	28
Interest	73782.6	67723.07	8.95	59785.01	23.41
Profit A I BB EI	31903.5	28934.11	10.26	22779.72	40.05
Profit before tax	31903.5	28934.11	10.26	22779.72	40.05
Tax expense	8482.61	7732.38	9.7	5655.08	50
Net Profit after tax	23420.89	21201.73	10.47	17124.64	36.77
Net Profit	23420.89	21201.73	10.47	17124.64	36.77
Dividend (%)	-	-		-
Face Value (In Rs	10	10	0	10	0
Paid Up Equity Share Capital	9493.26	9493.26	0	9493.26	0
Basic EPS	24.67	22.33	10.48	19.96	23.6
Diluted EPS	24.67	22.33	10.48	19.96	23.6
Public Shareholding (%)	63.46	63.46	0	63.46	0

ANNOUNCEMENTS

TO THE EXCHANGE

14-10-2010        LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 104292.58 lacs for quarter ending on 30-SEP-2010 against Rs. 78467.97 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 23420.89 lacs for the quarter ending on 30-SEP-2010 against Rs. 17124.64 lacs for the quarter ending on 30-SEP-2009.         -

06-09-2010        Lic Housing Finance Limited has informed the Exchange that "LIC Housing Finance Ltd. is applying for a license with the Pension Fund Regulatory Development Authority (PFRDA) to act as Aggregator under the National Pension System (NPS)-Lite".

15-07-2010        LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 97155.22 lacs for quarter ending on 30-JUN-2010 against Rs. 74504.62 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 21201.73 lacs for the quarter ending on 30-JUN-2010 against Rs. 12383.69 lacs for the quarter ending on 30-JUN-2009.   

28-04-2010        Lic Housing Finance Limited has informed the Exchange that the Board of Directors at their meeting held on April 28, 2010 has recommended a dividend of Rs.15/- per equity share of Rs.10 each (150%) subject to approval of the members of the Company at the forthcoming Annual General Meeting.

28-04-2010        LIC Housing Finance Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 328266.56 lacs for year ending on 31-MAR-2010 against Rs. 274764.68 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 68883.49 lacs for the year ending on 31-MAR-2010 against Rs. 53742.27 lacs for the year ending on 31-MAR-2009.   -

28-04-2010        LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 91932.85 lacs for quarter ending on 31-MAR-2010 against Rs. 75442.51 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 21351.39 lacs for the quarter ending on 31-MAR-2010 against Rs. 15755.8 lacs for the quarter ending on 31-MAR-2009.         -

28-04-2010        LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 328266.56 lacs for year ending on 31-MAR-2010 against Rs. 274764.68 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 66217.61 lacs for the year ending on 31-MAR-2010 against Rs. 53162.02 lacs for the year ending o n 31-MAR-2009.

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