LTFH's total income rose 27.34% to R983.25 crore. Its advances book expanded 31% to R31230.50 crore as on 31 December 2012. The gross non-performing assets (NPA) ratio of LTFH stood at 2.39%, higher than 1.81% in the previous quarter. The net NPA ratio stood at 1.56%, higher than 1.24% in the previous quarter. The increase in NPAs was primarily contributed by infrastructure loans, corporate loans and construction equipment loans, as a result of stress in the economic environment.
During the quarter, the company made additional provisions of R14.4 crore and wrote off R29 crore against loan assets in its micro-finance portfolio in Andhra Pradesh. The cumulative provisions as at the end of the December 2012, stood at R177.8 crore. During the quarter, LTFH completed the acquisition of Indo Pacific Housing Finance (IPHF), Fidelity's Indian mutual fund business and FamilyCredit (FCL). The consolidated results also include the results of these businesses.