LIC Housing Finance Limited
NSE Symbol LICHSGFIN
LIC HOUSING FINANCE has declared the first quarter results for q/e June 2011.
Net Sales at Rs.1358.07 cr in Q1 FY 2012 is higher by 4.98% from Q4 FY 11(Preceding qtr) and higher by 39.78% from Q1 FY 11(corresponding Qtr.
Total Expenditure is Rs.75.65 cr – down by 15.07% from Q4 Fy 11; but up by 56.43% from Q1 FY 11.
Profit from Operations is good at Rs.1337.89 cr – up by 5.74% from Q4 FY 11 and up by 38.77% from Q1 FY 11.
Interest cost has risen to Rs.997.11 Cr – up by 14.17% from Q4 FY 11 and a Huge 47.23% from Q1 FY 11.
Profit before tax is Rs.345.42 cr – down by 19.58% from Q4 FY 11; but up by 19.38% from Q1 FY11.
Net Profit is Rs.256.50 cr –down by 18.51% from Q4 FY 11; and up by 20.98% from Q1 FY 11
Basic EPS before Extraordinary items is Rs.5.4 on a Face Value of Rs.2 – while the same was rs.6.63 in Q4 FY 11 – and Rs.4.46 (Rs.22.33 / 5 = 4.46) in Q1 FY11. Last year, the shares were split into Rs.2 Face value from Rs.10 FV.
Thus, YoY, the company is scoring well in respect of sales and Profits.
PERFORMANCE HIGHLIGHTS
Ø The company recorded a growth of 15% in Individual loan disbursements during the first quarter ended June 2011. Individual loan disbursements stood at Rs 3468 cr for the period as against Rs. 3018 cr for the same period of the previous year. Total disbursements including loans to developers stood at Rs. 3545 cr for the Q1 of FY12 as against Rs 3392 cr for the same period in the previous year.
Ø Outstanding Mortgage Portfolio as on June 30, 2011 was Rs. 52876 crores as against Rs. 40030 crores as on June 30, 2010, thus showing a growth of 32%.
Ø The Company's total Income for the quarter ended June 2011 was Rs. 1418 crores as against Rs.1015 crores in the corresponding quarter last year, registering growth of 40%.
Ø Net Profit of the Company for quarter ended June 2011 was Rs. 256.50 crores as against Rs. 212.02 crores in the quarter ended June 2010, showing a rise of 21%.
Ø The Net Interest margins of the Company for the quarter ended June 2011 stood at 2.78% as against 3.01% for the quarter ended June 2010.
Ø The Gross NPAs & the Net NPAs of the Company as on June 30, 2011 stood at 0.84% & 0.35% as against 0.92 % & 0.35 % as on June 30, 2010.
Mr. V. K. Sharma, Director and Chief Executive, LIC Housing Finance Limited said:
“There have been some sluggishness in real estate transactions in certain parts of the country on account of customers going into wait and watch mode. However, off-take in our business in June was quite healthy. Also, our new product ‘Freedom’, launched in May 2011 has received good response from the customers. During the quarter, we have transitioned to a new technology platform which will increase our service standards and will reduce turn-around-time significantly”.
ANNOUNCEMENTS TO NSE
20-07-2011 LIC Housing Finance standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 135807.25 lacs for quarter ending on 30-JUN-2011 against Rs. 97155.22 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 25650.33 lacs for the quarter ending on 30-JUN-2011 against Rs. 21201.73 lacs for the quarter ending on 30-JUN-2010.
28-04-2011 Lic Housing Finance has recommended a Dividend for Financial year 2010-2011 @ 175% i.e. Rs.3.50/- per equity share of Rs. 2 each.
28-04-2011 LIC Housing Finance standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 446965.56 lacs for year ending on 31-MAR-2011 against Rs. 328266.56 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 97448.62 lacs for the year ending on 31-MAR-2011 against Rs. 66217.61 lacs for the year ending on 31-MAR-2010.
28-04-2011 LIC Housing Finance standalone Results for the quarter ended on 31-MAR-2011 as follows: Net Sales of Rs. 129369.88 lacs for quarter ending on 31-MAR-2011 against Rs. 91932.85 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 31476.65 lacs for the quarter ending on 31-MAR-2011 against Rs. 21351.39 lacs for the quarter ending on 31-MAR-2010.
RESULTS TABLE
| lic hsg fin | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 |
| Net Sales | 135807.25 | 129369.88 | 97155.22 |
| Other Operating Income | 5546.6 | 6059.59 | 4090.2 |
| Employees Cost | 1602.76 | 1690.64 | 1488.87 |
| Depreciation | 169.94 | 165 | 152.41 |
| Other Expenditure | 5792.12 | 7051.24 | 3194.58 |
| Total Expenditure | 7564.82 | 8906.88 | 4835.86 |
| Profit from Operations | 133789.03 | 126522.59 | 96409.56 |
| Other Income | 464.42 | 3762.77 | 247.62 |
| Interest | 99711.4 | 87334.46 | 67723.07 |
| Profit before tax | 34542.05 | 42950.9 | 28934.11 |
| Tax expense | 8891.72 | 11474.25 | 7732.38 |
| Net Profit | 25650.33 | 31476.65 | 21201.73 |
| Face Value (In Rs | 2 | 2 | 10 |
| Paid Up | 9493.26 | 9493.26 | 9493.26 |
| Basic EPS before Extraordinary items | 5.4 | 6.63 | 22.33 |
| Public Shareholding (%) | 63.46 | 63.46 | 63.46 |
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