Other income was higher by 42% to Rs 29.49 crore, which helped the total income to Rs 952.78 crore, flat on YoY. Operating Expense was up by 5% to Rs 145.27 crore which lead OP to be lower by 1% to Rs 807.51 crore.

There was a provision of Rs 48.45 crore as compared to a provision of Rs 45.27 crore for Dec 16 quarter. After providing deprecation of Rs 2.46 crore, PBT was down by 1% to Rs 756.60 crore. After providing total tax of Rs 265.51 crore, PAT for the Dec 17 quarter stood at Rs 491.09 crore, down by 2% YoY.

Speaking on the Q3 FY18 performance, MD & CEO, LIC Housing Finance, Mr. Vinay Sah said, "Business growth has been robust across all categories, especially in the home loan segment. We expect the momentum to continue in the Q4 to conclude the financial year."

Other updates

During the quarter, disbursements in the individual loan category recorded a growth of 32% from Rs 8555 crore to Rs 11324 crore. Out of that, disbursements in the individual home loan segment clocked a 38% growth from Rs 6670 crore to Rs 9177 crore. The total disbursements including developer loan disbursements was Rs 12301 crore as against Rs 9684 crore for Q3 FY17, a growth of 27%.

Net interest margins for the Q3 FY18 stood at 2.33% as against 2.75% for Q3 FY17.

Net NPAs stood at 0.49% as on December 31, 2017 as against 0.27 % as on December 31, 2016.

Total provision including general provision on standard loans is Rs 1227 crore as on December 31, 2017 against Gross NPAs of Rs 1360 crore on the same date.

The Individual loan portfolio stood at Rs 149986 crore as against Rs 130878 crore, a growth of 15%. Developer loan portfolio stood at Rs 6189 crore as on December 31, 2017 as against Rs 4488 crore as on December 31, 2016, a growth of 38%.

Performance for 9 months ended Dec 17

LIC Housing Finance reported 4% YoY growth in net interest income (NII) to Rs 2777.11 crore for 9 months ended Dec 17.

Net interest margins (NIM) for nine months ended December 31, 2017 stood at 2.39% as against 2.67 % for the corresponding period ended December 31, 2016.

Other income was higher by 8% to Rs 80.08 crore, thus helping the total income to Rs 2857.19 crore, up by 4% YoY. Operating Expense was up by 2% to Rs 416 crore. The growth in OP thus was at 4% to Rs 2441.19 crore.

There was a provision of Rs 210.74 crore as compared to a provision of Rs 192.03 crore for 9 months ended Dec 16. After providing deprecation of Rs 7.33 crore, PBT was up by 3% to Rs 2223.12 crore. After providing total tax of Rs 772.87 crore, PAT for the 9 months ended Dec 17 stood at Rs 1450.25 crore, up by 3% YoY.