Other income was lower by 3% to Rs 61.60 crore, thus restricting the total income to Rs 927.31 crore, up by 19% YoY. Operating Expense was up by 29% to Rs 134.05 crore. The growth in OP growth was thus restricted to 17% to Rs 793.26 crore.

There was a provision of Rs 30.31 crore as compared to a provision of Rs 30.05 crore for Sep'15 quarter. After providing deprecation of Rs 2.31 crore, PBT was up by 18% to Rs 760.64 crore. After providing total tax of Rs 265.88 crore, PAT for the Sep'16 quarter stood at Rs 494.76 crore, up by 20% YoY.

Speaking on the performance, MD & CEO- LIC Housing Finance, Ms. Sunita Sharma, said,

"The quarter has looked positive for LIC Housing Finance Ltd. with robust loan growth and consistently strong asset quality and improvement in margins. We continue to remain optimistic on our future performance during the balance half of the current financial year. "

Other updates

During the quarter, the company disbursed loans of Rs. 9123 crore as against Rs. 8390 crore for Q2 FY16. Disbursements in the individual loan category recorded a growth of 10% from Rs 7944 crore to Rs 8755 crore. Out of this Disbursements in the home loan segment registered a growth of 13% over the same period in the previous year.

The outstanding mortgage portfolio as on September 30, 2016 was Rs.131096 crore as against Rs.114069 crore on September 30, 2015, thus registering a growth of 15%.

The Individual loan portfolio stood at Rs. 127434 crore as against Rs. 111076 crore, a growth of 15%. Developer loan portfolio stood at Rs.3662 crore as on September 30, 2016 as against Rs.2993 crore as on September30, 2015, a growth of 22%.

Total Gross NPAs for the company including NPAs on developer loans was Rs. 750 crore or0.57% as on September 30, 2016 as against Rs. 683 crore or0.60 % as on September 30, 2015. Gross NPAs in individual segment was 0.32% as on September 30, 2016 as against 0.33 % as on September30, 2015.

Net NPAs stood at 0.28% as on September 30, 2016 as against 0.32 % as on September 30, 2015.

Total provision including general provision on standard loans is Rs.931 crore as on September30, 2016 against Gross NPAs of Rs. 750 crore on the same date.

Net interest margins (NIM) for the H1 FY17 stood at 2.64% as against 2.47 % for H1 FY16

Performance for half year ended Sep'16

LIC Housing Finance reported 23% YoY growth in net interest income (NII) to Rs 1690.23 crore for the half year ended Sep'16. Net interest margins for the Q2 FY17 stood at 2.68% as against 2.56 % for Q2 FY16.

Other income was higher by 3% to Rs 115.13 crore, thus restricting the total income to Rs 1805.36 crore, up by 21% YoY. Operating Expense was up by 46% to Rs 270 crore. The growth in OP growth was thus restricted to 18% to Rs 1536.36 crore.

There was a provision of Rs 146.76 crore as compared to a provision of Rs 74.04 crore for the half year ended Sep'15. After providing deprecation of Rs 4.53 crore, PBT was up by 13% to Rs 1384.07 crore. After providing total tax of Rs 481.47 crore, PAT for the half year ended Sep'16 stood at Rs 902.60 crore, up by 14% YoY.