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Q4 FY2021-22 Profit after tax at Rs 1118.64 crs, up by 180%

Net interest income for the quarter is Rs 1637.49 crs, up by 9%

FY22 Individual Home Loan Disbursements at Rs 53662 crs. up by 14%

Outstanding loan portfolio is Rs 251120 crs.

Individual Home Loan portfolio is Rs 204230 crs. up by 13%.

The Board proposes a dividend of 425 %

The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its audited results for the fourth quarter ended on March 31, 2022, following its approval by the Board of Directors in a meeting held in Mumbai on May 18^th, 2022.

The results are as per the Indian Accounting Standards i.e., IndAS notifications issued by the Ministry of Corporate Affairs and National Housing Bank in April 2018.

Performance highlights for the quarter ended March 31, 2022 Total disbursements were at Rs. 19315 crs in Q4 FY2022, as against Rs 22362 crs for the corresponding period in FY 2021. Out of this, disbursements in the Individual Home Loan segment at Rs. 16341 crs against Rs 19010 crs in Q4 FY2021, whereas Project loans were at Rs. 428 crs compared with Rs 1197 crs in Q4 FY2021.

The company's revenue from operations grew to Rs. 5300 crs as against Rs. 4,968 crs in Q4 FY2021, a growth of 7%.

Net Interest Income (NII) rose by 9% to Rs 1637 crs, as against Rs 1505 crs for the same period the previous year. Net Interest Margin for the quarter stood at 2.65% as against 2.66 % for Q4 FY 2021.

Profit Before Tax for the quarter was Rs.1314.41 crs as against Rs 352 crs in Q4 FY2021, a growth of 273%.

Net Profit After Tax stood at Rs. 1118.64 crs compared with Rs 398.92 crs during the same period in the previous year, a growth of 180%.

The Individual Home Loan portfolio stood at Rs. 204230 Cr, as against Rs. 180665 cr,as on 31st March, 2021, up by 13%. The Project loan portfolio stood at Rs. 12978 crs as on March 31, 2022, as against Rs 15956 crs as on March 31, 2021. The total outstanding portfolio grew at 8% to Rs. 251120 crs from Rs 232003 crs in the earlier year.

Under IndAS 16, asset classification and provisioning changes for future credit loss are reported on an Expected Credit Loss(ECL) basis.

As per the same methodology, the provisions for ECL stood at Rs. 5839.10 crs as on March 31, 2022, as against Rs 3971.42 crs as on March 31, 2021. The Stage 3 Exposure at Default as of March 31, 2022, stood at 4.64 % against 4.12 % as of March 31, 2021.

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