Other income was lower by 31% to Rs 18.99 crore, thus restricting the total income to Rs 1091.93 crore, up by 23% YoY. Operating Expense was up by 25% to Rs 194.06 crore. The growth in OP was thus restricted to 22% to Rs 897.87 crore.

There was a provision of Rs 89.29 crore as compared to a provision of Rs 37.63 crore for Mar'16 quarter. After providing deprecation of Rs 2.48 crore, PBT was up by 16% to Rs 806.10 crore. After providing total tax of Rs 276.91 crore, PAT for the Mar'17 quarter stood at Rs 529.19 crore, up by 18% YoY.

LIC Housing Finance, Managing Director & CEO, Mr. Vinay Sah said, "Our numbers showcase a healthy growth in Q4 FY 2017 and the financial year overall. We are glad to end the year on a positive note with yet another quarter of consistent performance across all parameters. Commitment and value to customers will remain the key element of our business model as we look to improved performances in FY 2018."

Other updates

For the year ended 31.3.2017, the Company recorded a disbursement of Rs. 41541 crore, a growth of 15% over the previous year. Individual loan disbursement was Rs. 38334 crore, registering a growth of 11%.

The outstanding mortgage portfolio as on March 31, 2017 was Rs. 144534 crore as against Rs. 125173 crore on March 31, 2016, thus registering a growth of 15%.

Individual Loan Portfolio stood at Rs 139024 crore as on March 31, 2017 as against Rs 121731 crore a year back, registering a growth of 14%. Developer Loan portfolio stood at Rs 5510 crore as against Rs 3442 crore for the corresponding period in the previous year.

The Gross NPAs of the company stood 0.43% on March 31, 2017 as against 0.45% as on March 31, 2016. Gross NPAs in the individual loan segment stands at 0.20% as on March 31, 2017 as against 0.20% as on March 31, 2016.

Net NPAs were 0.14% as against 0.22% for the corresponding dates.

Net Interest Margins for the full year was 2.70% as against 2.52% for FY 2016.

Performance for the 12 months ended Mar'17

LIC Housing Finance reported 22% YoY growth in net interest income (NII) to Rs 3755.45 crore for the 12 months ended Mar'17. Net interest margins (NIM) for the 12 months ended Mar'17 stood at 2.7% as against 2.52% for the corresponding period ended Mar'16.

Other income was higher by 5% to Rs 93.41 crore, thus resulting in a total income of Rs 3848.86 crore, up by 21% YoY. Operating Expense was up by 31% to Rs 602.33 crore. OP growth thus stood at Rs 3246.53 crore, up by 19%.

There was a provision of Rs 281.32 crore as compared to a provision of Rs 146.46 crore for the 12 months ended Mar'16. After providing deprecation of Rs 9.43 crore, PBT was up by 15% to Rs 2955.78 crore. After providing total tax of Rs 1024.73 crore, PAT for the 12 months ended Mar'17 stood at Rs 1931.05 crore, up by 16% YoY.

The board of directors have recommended a dividend of Rs 6.20 per equity share of face value of Rs 2 each for FY 2017.