LIC Housing Finance Q1 FY 20 Update

LIC Housing Finance Q1 FY 20 Update

LIC Housing Finance Q1 FY 20 Update

Year-on-year, LIC Housing Finance recorded 8 percent growth in standalone net profit against 568 crores in Q1FY20 in the first quarter of the year, ₹ 611 crores (Q1FY20 in the first quarter).

Quarter to quarter, 12 percent decline was observed (Q4 FY 20 693.58) vs (Q1 FY 20 611).

LIC Housing Finance Q1 Result

Net interest income grew 18 percent year-on-year (yearly) to Rs 7,807 crore.

Net interest margin decreased to 2.32 per cent for the quarter ended 30 June 2019 from 2.35 per cent during the same period last year.

With a growth of 7% in the quarter ended June 30, 2019, the total disbursement register was 10,261 crores against 9,594 crores.

Out of this, the disbursement of disbursement of personal housing loan section was 7,871 crores (7,260 crores), while the total disbursement in project loan was 829 crores (889 crores).
Total loan portfolio increased by 16 percent y-o-y to 76 1,97,768 crore.

Personal loan portfolio increased from 14 percent y-o-y to 15,84,154 crores.
Developer loan portfolio increased by 62 percent y-o-y to Rs 14 13,614 crore as on June 30, 2019.

CEO Siddharth Mohanty said, “The business environment has been very challenging. However, despite this, the company's outstanding loan book continued to grow, particularly on the home loan segment.

"The company has performed very well in the economical segment. The company is focusing on the asset quality and recovery aspect and we are confident to overcome the situation in the current year."

Price 03/08/2019 NSE  501.15

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