With a 11% increase in other income to Rs 53.52 crore, total income stood at Rs 878.04 crore, up by 24% YoY. Operating Expense was up by 67% to Rs 135.93 crore largely due to employee costs which increased from Rs 31.35 crore to around Rs 68 crore for June'16 quarter. OP growth was thus restricted to 19% to Rs 742.11 crore.

There was a provision of Rs 116.46 crore as compared to a provision of Rs 44.35 crore for June'15 quarter. During the quarter, the Company made a provision of Rs 92 crore on account of aging of old project loan NPAs which had already been classified as NPAs as per norms.

After providing deprecation of Rs 2.23 crore, PBT was up by 8% to Rs 623.42 crore. After providing total tax of Rs 215.59 crore, PAT for the June'16 quarter stood at Rs 407.83 crore, up by 7% YoY.

Commenting on the performance, Ms. Sunita Sharma, MD & CEO, LIC Housing Finance said, "LIC Housing Finance Ltd. has started the financial year on a strong note. We have registered a healthy disbursement growth rate, robust NII growth delivering higher Net Interest Margins and maintained a very good asset quality. We are confident of building on this and continue to remain positive on our future performance."

The outstanding mortgage portfolio as on June 30, 2016 was Rs. 127437 crore as against Rs. 110411 crore on June 30, 2015, thus registering a growth of 15%.

The Individual loan portfolio stood at Rs 123681 crore as against Rs 107704 crore, a growth of 15%. Developer loan portfolio stood at Rs. 3756 crore as on June 30, 2016 as against Rs. 2708 crore, a growth of 39% as on June 30, 2015.

Total provision including general provision on standard loans is Rs. 935 crore as on June 30, 2016 against Gross NPAs of Rs 757 crore on the same date.

Total Gross NPAs for the company including NPAs on project loans was 0.59% as on June 30, 2016 as against 0.60% as on June 30, 2015.

Net NPAs stood at 0.28% as on June 30, 2016 as against 0.33% as on June 30, 2015.

Performance for the full year ended Mar'16

Net interest income for the 12 months ended Mar'16 stood at Rs 2944.09 crore, up by 32% YoY. Net interest margins for the 12 months ended Mar'16 stood at 2.52% as against 2.24% for the corresponding period ended Mar'15.

Other income was down by 7% to Rs 234.60 crore, thus total income stood at Rs 3178.69 crore, up by 28% YoY. Operating expense was up by 24% to Rs 458.97 crore. Provisions stood at Rs 146.46 crore as against Provisions of Rs 7.25 crore for the 12 months ended Mar'15. Depreciation was up by 4% to Rs 9.72 crore. PBT thus was up by 22% to Rs 2563.54 crore. After providing total tax of Rs 902.76 crore, up by 26% YoY, PAT for 12 months ended Mar'16 stood at Rs 1660.78 crore, up by 20% YoY.

The outstanding mortgage portfolio as on March 31, 2016 was Rs.125173 crore as against Rs. 108361 crore on March 31, 2015, thus registering a growth of 16%. Individual Loan Portfolio stood at Rs 121731 crore as on March 31, 2016 as against Rs 105630 crore a year back registering a growth of 15%. Developer Loan portfolio stood at Rs 3442 crore as against Rs 2731 crore for the corresponding period in the previous year showing a growth of 26%.

The Gross NPAs of the company stood 0.45% on March 31, 2016 as against 0.46% as on March 31, 2015. Net NPAs were 0.22% as against 0.22% for the corresponding dates. Gross NPAs in the individual loan segment stands at 0.20% as on March 31, 2016 as against 0.24% as on March 31, 2015. Net Interest Margins for the full year was 2.52%.

As on Mar'16, the BV of the company stands at Rs 181.10 and Adjusted BV stands at Rs 175.78.