LIC Housing Finance Q3 web benefit drops 37% to Rs 480 crore, house mortgage portfolio up by way of 13%

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LIC Housing Finance Q3 effects: LIC Housing Finance Ltd (LICHFL) on Monday reported a 37 consistent with cent fall in web benefit at Rs 480.3 crore for the quarter that ended December 2022 because of upper bills.

The corporate’s Internet Hobby Source of revenue (NII) used to be at Rs 1,606 crore within the December quarter as towards Rs 1,455 crore within the year-ago duration, reported the corporate in its inventory trade submitting.

“Internet benefit after tax stood at Rs 480.30 crore when put next with Rs 767.33 crore all the way through the similar duration within the earlier 12 months,” LICHFL mentioned.

The corporate’s income from operations within the 3rd quarter of 2022-23 stood at Rs 5,871 crore, witnessing an build up of 16 consistent with cent in comparison to Rs 5,054 crore in the similar duration a 12 months in the past.

“After two years of pandemic-induced restrains, enthusiasm amongst house patrons remained upbeat. Emerging rates of interest and inflationary traits persevered to position upward force on house costs in lots of areas. Asset high quality remained strong with an bettering pattern and margins expanded q-o-q,” Y Viswanatha Gowd, MD & CEO of LIC Housing Finance, mentioned.

The corporate’s general disbursements for the quarter had been Rs 16,100 crore, which used to be in the past Rs 17,770 crore for the corresponding duration in 2021-22.

Out of the overall quantity, disbursement within the particular person house mortgage phase stood at Rs 13,580 crore as towards Rs 15,341 crore within the similar duration of the remaining fiscal. Challenge loans had been at Rs 427 crore when put next with Rs 293 crore for a similar quarter within the earlier 12 months.

LICHFL mentioned the person house mortgage portfolio stood at Rs 2,23,064 crore in the most recent December quarter as towards Rs 1,95,901 crore in the similar duration of the remaining fiscal.

The venture mortgage portfolio stood at Rs 10,857 crore as towards Rs 14,091 crore as on December 31, 2021.

Additional, the housing finance corporate mentioned its general exceptional portfolio grew 10 consistent with cent to Rs 2,68,444 crore within the 3 months ended December 2022 from Rs 2,43,412 crore within the year-ago duration.

All through the 9 months that ended December 2022, general disbursements stood at Rs 48,088 crore. It used to be up 13 consistent with cent in comparison to Rs 42,532 crore in the similar duration a 12 months in the past.



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