Net interest margin (NIM) for the quarter was down 11 basis points (bps) at 2.19% from 2.30% in the same period last year. Sunita Sharma, MD & CEO, LIC Housing Finance said, LIC HFL has delivered a healthy all-round growth in the first quarter. With sentiments improving and incentives in the Budget, we are confident of a good year ahead.
The company recorded a total income of R2,544 crore and showed a growth of 17% y-o-y in Q1. Revenue from operations grew 17% y-o-y to R2,509 crore. The companys outstanding mortgage portfolio was R93,609 crore, showing a growth of 17% against R80,137 crore in the same period last year. The individual loan portfolio stood at R91,059 crore, a growth of 17% y-o-y.