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May 22, 2015 4:04 PM ET

Thrifts and Mortgage Finance

Company Overview of LIC Housing Finance Ltd.

Company Overview

LIC Housing Finance Limited provides loans for purchase, construction, repairs, and renovation etc., of houses/flats to individuals, corporate bodies, builders, and co-operative housing societies in India. It also provides finance on existing property for business/personal needs; loans to professionals for the purchase and construction of clinics, nursing homes, diagnostic centers, and office space, as well as for the purchase of equipment; and finance to individuals engaged in the business of construction of houses or flats for residential purpose and to be sold by them, as well as public deposit schemes. In addition, the company is involved in setting up, running, and maintaining assisted ...

131 Maker Tower, F Premises

13th Floor

Cuffe Parade

Mumbai,  400005

India

Founded in 1989

1,190 Employees

Phone:

91 22 2217 8600

Fax:

91 22 2217 8777

Key Executives for LIC Housing Finance Ltd.

Chief Executive Officer, Managing Director, Whole Time Executive Director, Member of Executive Committee, Member of Stakeholders Relationship Committee and Member of Debenture Allotment Committee
Age: 54
Total Annual Compensation: $630.6K
Compensation as of Fiscal Year 2014.

LIC Housing Finance Ltd. Key Developments

LIC Housing Finance Ltd. Recommends Dividend for the Year 2015

LIC Housing Finance Limited has announced that the Board of company in its meeting held on April 18, 2015 recommended dividend for financial year 2015 at the rate of 250% (INR 5.00 per equity share of INR 2 each).

LIC Housing Finance Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year and Consolidated Earnings Results for the Full Year Ended March 31, 2015

LIC Housing Finance Ltd. reported audited standalone earnings results for the fourth quarter and full year and consolidated earnings results for the full year ended March 31, 2015. For the quarter, on standalone basis, the company’s total income from operation was INR 28,324.910 million against INR 24,433.054 million a year ago. Profit from operations before other income and exceptional items were INR 5,471.887 million against INR 4,869.437 million a year ago. Profit from ordinary activities before tax was INR 5,752.902 million against INR 5,215.809 million a year ago. Net profit was INR 3,781.832 million or INR 7.50 per basic and diluted share against INR 3,700.228 million or INR 7.33 per basic and diluted share a year ago. For the year, on standalone basis, the company’s total income from operation was INR 106,693.462 million against INR 91,813.822 million a year ago. Profit from operations before other income and exceptional items were INR 19,726.352 million against INR 16,722.225 million a year ago. Profit from ordinary activities before tax was INR 21,019.441 million against INR 18,255.048 million a year ago. Net profit was INR 13,861.887 million or INR 27.47 per basic and diluted share against INR 13,171.863 million or INR 26.10 per basic and diluted share a year ago. For the year, on consolidated basis, the company’s total income from operation was INR 106,946.652 million against INR 92,147.141 million a year ago. Profit from operations before other income and exceptional items were INR 19,850.871 million against INR 16,755.279 million a year ago. Profit from ordinary activities before tax was INR 21,193.066 million against INR 18,338.560 million a year ago. Net profit was INR 13,975.196 million or INR 27.65 per basic and diluted share against INR 13,214.132 million or INR 26.12 per basic and diluted share a year ago.

LIC Housing Finance Ltd., Q4 2015 Earnings Call, Apr 20, 2015

LIC Housing Finance Ltd., Q4 2015 Earnings Call, Apr 20, 2015

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