LIC HOUSING FINANCE = Q3 FY 2011 RESULTS = Q/E DECEMBER,2010 = GROWTH AS EARLIER = BUSINESS AS EARLIER = FUTURE QUITE PROMISING

LIC HOUSING FINANCE LTD

RESULTS FOR Q/E DEC 2010 

	Quarter  Ended Dec ‘10	Quarter Ended Dec ‘09	Vari-ation
Individual Loan Sanctions	5302	2796	Up by 90%
Individual Loan Disbursals	4215	2995	Up by 41%
Income from operations	1213	878	Up by 38%
Profit from sale of investments	137	_
Total Income	1354	881	Up by 54%
Net Interest Income	352	228	Up by 55%
Profit before tax	256.27	216.48	Up by 18%
Profit after Tax	213.49	153.58	Up by 39%
Outstanding Loan Portfolio	46380	34166	Up by 36%

HIGHLIGHTS :

·        LIC Housing Finance Q3 net profit rises by 39% to Rs 213.49 cr

·        Q3 Net Interest Income rises 55%.

·        Q3 Individual Loan Sanctions up by 90%, Disbursements up by 41%.

·        Outstanding Loan Portfolio up by 36%.

·        During Q3 FY 2011, the company sanctioned loans worth Rs 5785 cr and disbursed loans worth Rs 4626 cr, registering a rise of 28% each when compared to its performance during Q3 of FY2010. Out of the above, Individual loan sanctions grew by 90 % to Rs 5302 cr and Individual loan disbursals grew 41% to Rs. 4215 cr.

·        The Net profit for Q3 was Rs 213.49 cr when compared to Rs 153.58 cr in the corresponding period of the previous year, registering a growth of 39%.

·         The total income for the quarter was Rs 1354 cr as against Rs 881 cr for the corresponding period of the previous year, recording a growth of 54%. The total income for the quarter includes profit on sale of investments of Rs 137 cr. Income from operations was Rs 1213 cr against Rs. 878 cr for the corresponding period of the previous year, a growth of 38%.

·        Net Interest Income for the quarter was Rs 352 cr as against Rs 228 cr for the corresponding quarter of the previous year, a growth of 55%.

RESULTS IN NUMBERS :

LIC HSG FIN	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	116147.88	104292.58	97155.22	91932.85	83361.12
Other Opertng Income	5164.12	5729.11	4090.2	4361.35	4460.81
Employees Cost	1977.2	1652.05	1488.87	1195.01	1228
Depreciation	149.95	156.95	152.41	164.2	169.46
Other Expenditure	26756.74	3249.75	3194.58	3512.71	4434.3
Total Expenditure	28883.89	5058.75	4835.86	4871.92	5831.76
Profit from Operations	92428.11	104962.94	96409.56	91422.28	81990.17
Other Income	14130	723.16	247.62	531.74	224.19
Interest	80930.88	73782.6	67723.07	62135.78	60565.97
Profit before tax	25627.23	31903.5	28934.11	29818.24	21648.39
Tax expense	4277.88	8482.61	7732.38	8466.85	6290.5
Net Profit	21349.35	23420.89	21201.73	21351.39	15357.89
Dividend (%)	-	-	-	150	-
Face Value.Rs	0	10	10	10	10
Paid Up Equity	9493.26	9493.26	9493.26	9493.26	9493.26
Basic EPS	22.49	24.67	22.33	22.49	16.18
PUBLIC HOLDING%	63.46	63.46	63.46	63.46	63.46

Pursuant to Shareholders' approval obtained through postal ballot, the nominal face value of equity shares of the Company was sub-divided from Rs.10/- each to  Rs.2/- each with effect from January 1, 2011. Accordingly, EPS as at December 31, 2010 is calculated on the basis of face value of  Rs.10/- per equity share.

Overall – the performance of LIC Housing Finance in Q3 FY11, compared to the corresponding quarter of Q3 FY10 is quite good.

At LIC Hsg Finance – Growth is as Usual and Business is as Usual. Coming quarters may reflect even better performance.

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