LIC Housing Finance
Tuesday, October 23, 2007 | | |
The Company has recorded a healthy growth in business during the second quarter ended September 2007. The Company sanctioned Rs. 2268 crores and disbursed Rs. 1599 crores of loans registering a growth of 69 % and
36 % respectively Net profit for the Q2 was Rs. 116.37 crores as compared to Rs.75.93 crores in the corresponding period last year, thus showing a growth of 53 %. The Company's total Income for the second quarter ended September 2007 was Rs. 527 crores as against Rs. 385 crores during the same period last year, a growth of 37 %.
For the six months ended September 2007 the Company sanctioned Rs. 3425 crores and disbursed Rs. 2821 crores, a growth of 48 % and 25 % respectively.
For the six months ended September 2007, the Company's total Income was Rs.990 crores as against Rs.725 crores during the same period last year. Net profit during this period was Rs 163.07 crores as compared to Rs. 113.39 crores in the corresponding period last year, a growth of 44 %.
The Outstanding Mortgage Portfolio as on September 30, 2007 was Rs. 19135 crores as against Rs. 15959 crores on September 2006, thus registering a growth of 20 %.
The Gross Non Performing Assets recorded a decline from 3.75 % as on September 2006 to 2.84 % as of September 2007. The Net NPAs of the Company stood at 1.65 % as of September 2007.
The Company recorded a Net Interest Margin of 3.20% for the second quarter of FY 2008 as against 2.68% for the same period in the previous year