Other income was higher by 75% to Rs 33.16 crore, which helped the total income to Rs 1091.06 crore, flat on YoY. Operating Expense was up by 14% to Rs 221.53 crore which lead OP to be lower by 3% to Rs 869.53 crore.

There was a provision of Rs 28.13 crore as compared to a provision of Rs 89.29 crore for Mar 17 quarter. After providing deprecation of Rs 2.65 crore, PBT was up by 4% to Rs 838.75 crore. After providing total tax of Rs 299.41 crore, PAT for the Mar 18 quarter stood at Rs 539.34 crore, up by 2% YoY.

LIC Housing Finance, Managing Director & CEO, Mr. Vinay Sah said, "The fourth quarter saw continuation of the growth trend that was witnessed during the previous quarters. The Company registered improvements on both margins and asset quality. We are confident of further improvements on all operational areas in FY19".

Other updates

During the quarter March 31, 2018, total disbursements recorded a growth of 15% from Rs 15192 crore to Rs 17402 crore. Out of that, disbursements in the individual home loan segment registered a 17% growth from Rs 9253 crore to Rs 10838 crore, whereas total disbursements in project loans was Rs 2266 crore as against Rs 1232 crore for Q4 FY17.

Net Interest margins for Q4 FY18 stood at 2.49% as against 2.33% for Q3FY18 and 2.97% for Q4 FY17.

Net NPAs stood at 0.43% as on March 31, 2018 as against 0.14 % as on March 31, 2017.

Total provision including general provision on standard loans is Rs. 1249 crore as on March 31, 2018.

The Individual loan portfolio stood at Rs 158270 crore as against Rs 139024 crore, a growth of 14%. Developer loan portfolio stood at Rs 8093 crore as on March 31, 2018 as against Rs 5510 crore as on March 31, 2017.

Performance for 12 months ended Mar 18

LIC Housing Finance reported 2% YoY growth in net interest income (NII) to Rs 3835.01 crore for 12 months ended Mar 18.

Net interest margins (NIM) for 12 months ended Mar 18 stood at 2.38% as against 2.7 % for the corresponding period

Other income was higher by 21% to Rs 113.25 crore, thus helping the total income to Rs 3948.26 crore, up by 3% YoY. Operating Expense was up by 6% to Rs 637.53 crore. The growth in OP thus was at 2% to Rs 3310.73 crore.

There was a provision of Rs 238.87 crore as compared to a provision of Rs 281.32 crore for 12 months ended Mar 17. After providing deprecation of Rs 9.98 crore, PBT was up by 4% to Rs 3061.88 crore. After providing total tax of Rs 1072.28 crore, PAT for the 12 months ended Mar 18 stood at Rs 1989.60 crore, up by 3% YoY.

Other updates

During the year ended March 31, 2018, the total disbursements for the company stood at Rs 49378 crore as against Rs 41541 crore for the same period of the previous year, registering a growth of 19%. During the period, disbursements in the individual home loan category was Rs 35344 crore against Rs 29337 crore, a growth of 20%.

Net Interest Margins for the year ended March 2018 was 2.38% as against 2.70% for FY 2017. 

The board of directors have recommended a dividend of Rs 6.8 per equity share of face value of Rs 2 each