LIC Housing Finance Ltd has posted a net profit of Rs 3056.936 mn for the quarter ended December 31, 2011 as compared to Rs 2134.935 mn for the quarter ended December 31, 2010.
Total Income has increased from Rs 13544.20 mn for the quarter ended December 31, 2010 to Rs 15925.397 mn for the quarter ended December 31, 2011.
The Gross NPA for the total portfolio stood at 0.63% (or Rs. 368 cr) as on December 31, 2011 as against 0.67% (or Rs 313 cr) as on December 31, 2010. Total Provisions including provisions for Standard Assets stood at Rs. 646 cr as on December 31, 2011 as against Rs. 464 cr as on December 31, 2010.
Net interest margin of the Company for the nine months ended December 31, 2011 stood at 2.48%.
LIC Housing Finance, Director & Chief Executive, V K Sharma, said “Despite strong macro headwinds, the Company could maintain an overall healthy trend in key areas of operations.”