LIC Housing Finance
Limited
NSE Symbol LICHSGFIN
LIC
Housing Finance Q3 net profit rises by 43% to Rs 305.69 crore
Income from operations rises 32%,
Outstanding Loan Portfolio up by 27%
Performance Highlights – Q3 FY 2012
(Figures in Rs. crore)
Quarter
Ended
December
31, 2011
|
Quarter
Ended
December
31, 2010
|
Variation
|
|
Outstanding
Loan Portfolio
|
58707
|
46380
|
Up by 27%
|
Income
from operations
|
1539
|
1161
|
Up by 32%
|
Total
income
|
1593
|
1354
|
Up by 18%
|
Profit
before tax
|
405.97
|
256.27
|
Up by 58%
|
Profit
after Tax
|
305.69
|
213.49
|
Up by 43%
|
Individual
Loan Disbursals
|
4568
|
4215
|
Up by 8%
|
Gross
NPA
|
0.63%
|
0.67%
|
-
|
During 3rd quarter ended December 31,
2011, LIC HF sanctioned & disbursed
loans worth Rs. 6009 crore & Rs 4568 crore in the individual loan segment
as compared to Rs 5302 crore & Rs. 4215 respectively for the corresponding
period of the previous year. Disbursements in the developer loan segment were
Rs. 154 crore as against Rs. 411 crore for the corresponding period in the previous
year.
The Net profit for Q3 was Rs 305.69 cr
when compared to Rs 213.49 cr in the corresponding period of the previous year,
registering a growth of 43%.
Income from operations was Rs 1539 cr
against Rs. 1161 cr for the corresponding period of the previous year, a growth
of 32%.
The total income for the quarter was Rs
1593 cr as against Rs 1354 cr for the corresponding period of the previous
year, recording a growth of 18%. The total income for the third quarter of the
previous year, i.e., quarter ended December 31, 2010 included profit on sale of
investments of Rs 137 cr.
Hitherto, the Company was making
provision on Standard Assets / NPA in excess over National Housing Bank (NHB)
norms. Pursuant to the revised NHB prudential norms, which require the
provision on Standard Assets also, the Company has aligned its provisioning
policy on Standard Assets / NPA to match with revised NHB norms. Due to this
change in the provisioning policy, the Company has reversed the excess
provision of Rs 78.89 cr (Net of Provisioning required to be made in current
quarter).
Net Interest margins for the quarter
stood at 2.27%.
Performance Highlights – 9 months FY
2012
(Figures in Rs. crore)
9 months ended
December 31, 2011
|
9 months ended
December 31, 2010
|
Variation
|
|
Income
from operations
|
4355
|
3176
|
Up by 37%
|
Total
Income
|
4526
|
3477
|
Up by 30%
|
Profit
before tax
|
882
|
865
|
Up
by 2%
|
Profit
after Tax
|
660.59
|
659.72
|
-
|
Individual
Loan Disbursals
|
12772
|
11051
|
Up
by 16%
|
For the nine months ended December 31,
2011, LIC HFL disbursed loans worth Rs 12772 cr in the individual loan segment
registering a growth of 16%. Disbursements in the developer loan segment were
Rs. 643 cr as against Rs. 2067 cr for the corresponding period in the previous
year.
The Net profit for the nine months
ended December 31, 2011 was Rs 660.59 cr when compared to Rs 659.72 cr in the
corresponding period of the previous year.
Income from operations was Rs 4355 cr
against Rs. 3176 cr for the corresponding period of the previous year, a growth
of 37%.
The total income for the nine
months ended December 31, 2011 was Rs 4526 cr as against Rs 3477 cr for the
corresponding period of the previous year, recording a growth of 30%. The total
income for the nine months in the previous year, i.e., 9 months ended December
31, 2010 included profit on sale of investments of Rs 137 cr.
The total outstanding loan portfolio of
LIC HFL as on December 31, 2011 was Rs 58707 cr as against Rs 46380 cr as on
December 31, 2010; registering a growth
of 27%.
The Gross NPA for the total portfolio
stood at 0.63% (or Rs. 368 cr) as on December 31, 2011 as against 0.67% (or Rs
313 cr) as on December 31, 2010. Total Provisions including provisions for
Standard Assets stood at Rs. 646 cr as on December 31, 2011 as against Rs. 464
cr as on December 31, 2010.
Net interest margin of the Company for
the nine months ended December 31, 2011 stood at 2.48%.
LIC Housing Finance, Director &
Chief Executive, Mr. V. K. Sharma,
said “Despite strong macro headwinds, the Company could maintain an overall
healthy trend in key areas of operations.”
Business Initiatives
· LICHFL Asset Management Company
Limited, a subsidiary of LIC Housing Finance recently announced launch of its
first fund called ‘LICHFL Urban
Development Fund’. The fund aims to raise up to Rs. 500 crore from
Corporates, Institutions & HNIs.
RESULTS TABLE
Net Sales at Rs.1538.66 Cr –
up by 5.54% from Q2 FY 12; up by 13.3%
from Q1 FY 12; and up by 32.47% from Q3
FY 11.
Total
Expenditure stands
at Rs( -)26.32
cr compared to Rs.260.82 Cr in Q2 FY
12;Rs.75.65 cr in Q1 FY 12; and Rs.288.84 Cr in Q3 FY 11.
Profit
from Operations
stands at Rs.1614.84 Cr – up by 29.12%
from Q2 FY 12; up by 20.7% from Q1 FY
12; and up by 74.71% from Q3 FY 11.
Interest, which is the major expenditure,
stands at Rs.1212.90 Cr – up by 7.93% from Q2 FY 12; up by 21.64% from Q1 FY
12; and up by 49.87% from Q3 FY 11.
Profit
before tax stands
at Rs.405.96 Cr – up by 210.53% from Q2FY12; up by 17.53% from Q1 FY 12; and up
by 58.41% from Q3 FY 11.
Tax
expense stands at
Rs.100.27 Cr – up by 210.07% from Q2 FY 12; up by 12.77% from Q1 FY 12; and up
by 134.39% from Q1 FY 11.
Net
Profit stands at
Rs.305.69 Cr – up by 210.68% from Q2 FY
12; up by 19.18% from Q1 FY 12; and up by 43.19% from Q3 FY 11
Basic
EPS before EI
stands at Rs.6.44 in Q3 FY 12; Rs.2.08
in Q1 FY 12; and Rs.5.4 in Q1 FY 12.
RESULTS TABLE
LIC
HSG FIN
|
31-Dec-11
|
30-Sep-11
|
%Dif1
|
30-Jun-11
|
%Dif2
|
31-Dec-10
|
%Dif3
|
Net Sales
|
153866.43
|
145793.49
|
5.54
|
135807.25
|
13.3
|
116147.88
|
32.47
|
Other Oprtng Income
|
4985.62
|
5354
|
-6.88
|
5546.6
|
-10.11
|
5164.12
|
-3.46
|
Employees Cost
|
1798.93
|
1754.83
|
2.51
|
1602.76
|
12.24
|
1977.2
|
-9.02
|
Depreciation
|
191.33
|
183.51
|
4.26
|
169.94
|
12.59
|
149.95
|
27.6
|
Other Expenditure
|
-4622.3
|
24144.35
|
-119.1
|
5792.12
|
-179.8
|
26756.74
|
-117.28
|
Total Expenditure
|
-2632.04
|
26082.69
|
-110.1
|
7564.82
|
-134.8
|
28883.89
|
-109.11
|
Profit from Operations
|
161484.09
|
125064.8
|
29.12
|
133789.03
|
20.7
|
92428.11
|
74.71
|
Other Income
|
401.92
|
389.36
|
3.23
|
464.42
|
-13.46
|
14130
|
-97.16
|
Interest
|
121289.53
|
112380.84
|
7.93
|
99711.4
|
21.64
|
80930.88
|
49.87
|
Profit before tax
|
40596.48
|
13073.32
|
210.53
|
34542.05
|
17.53
|
25627.23
|
58.41
|
Tax expense
|
10027.12
|
3233.87
|
210.07
|
8891.72
|
12.77
|
4277.88
|
134.39
|
Net Profit
|
30569.36
|
9839.45
|
210.68
|
25650.33
|
19.18
|
21349.35
|
43.19
|
Face Value (In Rs
|
2
|
2
|
0
|
2
|
0
|
0
|
|
Paid Up Equity
|
9493.26
|
9493.26
|
0
|
9493.26
|
0
|
-
|
|
Basic EPS After EI
|
6.44
|
-
|
-
|
-
|
|||
Diluted EPS after EI
|
6.44
|
-
|
-
|
-
|
|||
Basic EPS before EI
|
6.44
|
2.08
|
209.62
|
5.4
|
19.26
|
-
|
|
Diluted EPS before EI
|
6.44
|
2.08
|
209.62
|
5.4
|
19.26
|
-
|
|
Public holding (%)
|
63.46
|
63.46
|
0
|
63.46
|
0
|
63.46
|
0
|
ANNOUNCEMENT BY
LICHF DT 30-01-2012 l standalone
Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs.
153866.43 lacs for quarter ending on 31-DEC-2011 against Rs. 116147.88 lacs for
the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 30569.36 lacs for
the quarter ending on 31-DEC-2011 against Rs. 21349.35 lacs for the quarter
ending on 31-DEC-2010.
*
* * E
N D *
* *
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