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One of the largest state-owned housing finance company, LIC Housing Finance registered an 18% surge in net standalone profit to Rs. 567.9 crores as compared to Rs. 479.6 crores profit posted in the same quarter of the previous fiscal year.
The total standalone revenue for the June-end quarter of the current year stood at Rs. 4050.95 crores, reporting an 11% increment as against Rs. 3648.24 crores. Net Interest Income (NII) witnessed a 6.6% year on year growth at Rs. 994 crores.
Profit Before Tax (PBT) for the quarter under review increased 20% to Rs. 788.4 crores as against Rs. 654.5 crores in the same period of the previous fiscal year. Net Interest Margin for the June-end quarter stood at 2.34%, posting a decline from 2.52% for the corresponding period of the previous year.
The total loan portfolio for the quarter under review stood at Rs. 1,68,652 crores posting a 15% jump in comparison to Rs. 1,47,051 crores recorded during the quarter ended on June 30, 2017. The total disbursement also rose by 10% to Rs. 9594 crores at the June-end quarter of 2018 as against Rs. 8699 crores for the same period last year.
