Other income was up by 5% to Rs 34.51 crore, which resulted in total income of Rs 1257.03 crore, up by 21% on YoY. Operating Expense was up by 21% to Rs 267.61 crore which lead OP growth of 21% to Rs 989.42 crore. After providing deprecation of Rs 3.18 crore, PBT was up by 21% to Rs 986.24 crore. After providing total tax of Rs 292.66 crore, PAT for the Mar 19 quarter stood at Rs 693.58 crore, up by 17% YoY.

Performance for 12 months ended Mar 19

LIC Housing Finance reported 22% YoY growth in net interest income (NII) to Rs 4364.57 crore for 12 months ended Mar 19.

Other income was lower by 5% to Rs 105.6 crore, thus leading the total income to Rs 4470.17 crore, up by 21% YoY. Operating Expense was up by 17% to Rs 1078.89 crore. The growth in OP thus was at 22% to Rs 3391.28 crore. After providing deprecation of Rs 11.73 crore, PBT was up by 22% to Rs 3379.55 crore. After providing total tax of Rs 948.58 crore, PAT for the 12 months ended Mar 19 stood at Rs 2430.97 crore, up by 21% YoY.

LIC Housing Finance, Managing Director & CEO, Mr. Vinay Sah said, "The Company has maintained its growth trajectory in the FY2019 despite severe challenges in the financial sector. All financial parameters continued to show improvement. The Company has witnessed growth coming in from different sectors across the country. We are confident of further improvement on all operational areas in FY2020. During the year, the company has done exceptionally well in the area of Affordable Housing wherein more than 45000 accounts were disbursed. This year we are opening 9 new marketing centres with a specific focus on Affordable Housing."

Other updates

During the quarter ended March 31, 2019, total disbursements recorded a growth of 7 % from Rs 17402 crore to Rs 18649 crore. Out of that, disbursements in the individual home loan segment registered a 18 % growth from Rs 10541 crore to Rs 12448 crore, whereas total disbursements in project loans was Rs 2031 crore as against Rs 2266 crore for Q4 FY18.

During the year ended March 31, 2019, the total disbursements for the company stood at Rs 55315 crore as against Rs 49379 crore for the same period of the previous year, registering a growth of 12%. During the period, disbursements in the individual home loan category were Rs 37618 crore against Rs 34318 crore, a growth of 10%.

Net Interest Margins for Q4 FY19 stood at 2.54% as against 2.44 % for Q4 FY18.

Net Interest Margins for the year ended March 2019 was 2.36% as against 2.25% for FY 2018.

The Total Outstanding Portfolio stood at Rs. 194646 Crore, a growth of 16 % over corresponding period of last year. The Individual loan portfolio stood at Rs 181569 crore as against Rs 159350 crore, a growth of 14%. Developer loan portfolio stood at Rs. 13077 crore as on March 31, 2019 as against Rs 8116 crore as on March 31, 2018.

Total Gross NPAs for the company including NPAs on developer loans was 1.53% as on March 31, 2019 as against 0.78% as on March 31, 2018. Gross NPAs in individual segment was 1.14% as on March 31, 2019.Net NPAs stood at 1.07% as on March 31, 2019 as against 0.43 % as on March 31, 2018.

The board of directors have recommended a dividend of Rs 7.6 per equity share of face value of Rs 2 each.