LIC Housing Finance Ltd :
LIC Housing Finance Ltd., joined in the year 1989, is a Large Cap organization (having a market top of Rs 22601.33 Crore) working in Finance division.
LIC Housing Finance Ltd. key Products/Revenue Segments incorporate Interest which contributed Rs 14825.96 Crore to Sales Value (99.10 % of Total Sales) and Processing Fees and Service Charges which contributed Rs 133.70 Crore to Sales Value (0.89 % of Total Sales)for the year finishing 31-Mar-2018.
For the quarter finished 31-12-2018, the organization has revealed a Standalone offers of Rs 4438.78 Crore, up 5.73 % from last quarter Sales of Rs 4198.22 Crore and up 18.74 % from a year ago same quarter Sales of Rs 3738.10 Crore Company has detailed net benefit after duty of Rs 596.31 Crore in most recent quarter.
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The organization’s best administration incorporates Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Hemant Bhargava, Mr.Jagdish Capoor, Mr.P Koteswara Rao, Mr.V K Kukreja, Mr.Vinay Sah, Ms.Savita Singh. Organization has Shah Gupta and Co. as its auditoRs As on 31-12-2018, the organization has a sum of 504,663,000 offers exceptional.
LIC HOUSING FINANCE CHART :
LIC HOUSING FINANCE Financial Results For The Third Quarter Ended 31St December, 2018 :
News Flash LIC HOUSING FINANCE :
Hold LIC Housing Finance target of Rs 475: ICICI Direct
- ICICI Direct recommended hold rating on LIC Housing Finance with a target price of Rs 475 in its research report dated February 01, 2019.
- *****LIC Housing Finance reports 26% rise in Q3 net profit****
Jan-21-2019Board Meeting Intimation for Notice Of Board Meeting To Consider Un-Audited Financial Results For The Third Quarter Ended 31St December, 2018.
Jan-21-2019Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Nov-13-2018Announcement under Regulation 30 (LODR)-Resignation of Director
Oct-30-2018LIC Housing Finance reports 12% rise in Q2 net profit
Jun-14-2018LIC Housing Finance informs about outcome of Investor meetings
Mar-20-2018LIC Housing Finance informs about outcome of investor meeting
Ref. LlCHFL/CS/Finres1218 January 30, 2019
Corporate Relationship Department
Bombay Stock Exchange Limited
15‘ Floor, P J Towers, Dalal Street,
Fort, Mumbai 400 001.
Re: Outcome of Meetinq of Board of Directors for the Third Quarter ended 31“
Please referto our letter Ref.:LlCHFL/CS/noticebm dated January 18, 2019 regarding
publishing of Unaudited Financial Results for the Third Quarter ended 3151 December,
In this connection we are fonivarding herewith the Unaudited Financial Results for the Third
Quarter ended 315‘ December, 2018 in the prescribed format alongwith Limited Review.
The Unaudited Financial Results and Auditors’ Report on Limited Review of Unaudited
Financial Results were considered and approved by the Board of Directors in their meeting
held on 30m January, 2019 as considered and recommended by the Audit Committee
This is for your information and records.
For LIC Housing Finance Ltd.
General Man ger (Taxation) &
Encl. : a/a.
(1) National Stock Exchange of India Ltd., Exchange Plaza, 5‘h Floor, Plot No. C/1, G
Block, Bandra—Kurla Complex, Bandra (E), Mumbai —
(2) The Luxembourg Stock Exchange, Address: 35 Boulevard Joseph II, 1840 Luxembourg
Phonez+352 47 79 36 1
CIN No. : L65922MH1989PLC052257
Corporate office : LIC Housing Finance Ltd., 131 Maker Tower “F” Premises. 13th Floor, Cuffe Parade, Mumbai 400 005
Tel :+ 91 22 2217 8600 Fax:+91 22 2217 8777 Email :lichousing®lichousing.com
Registered Office: LlC Housing Finance Ltd. Bombay Life Bldg, 2nd flr., 45/47, Veer Nariman Rd, Fort, Mumbai –
Tel: +91 22 2204 9682 /9799 /0006 Fax: +91 22 2204 9682. E—mail: lichousing@|ichousing.com
was“ i \1 l,”I_;
LIC HOUSING FINANCE LTD
LIC HOUSING FINANCE LIMITED
LIC HOUSING FINANCE LTD
These financial results have been drawn up on the basis of Ind AS that are applicable to the Company based on MCA Notification G.S.R.111(E) and G.S,R.365 (E) dated Febmary 16, 2015 and March 30. 2016 respectively. Any guidance / clarifications / directions issued by NHB or other regulators are adopted /
implemented as and when they are issued / applicable. In the event of any changes in the financial reporting requirements arising from
new standards, modifications to the existing standards. guidelines issued by the Ministry of Corporate Affairs and NHB, the financial results for the
current and previous period may require certain adjustments.
2 Interest Income includes Net Loss on account of Modification of Loans amounting to Rs. 14.93 crores for nine months ended December 31,2018 and Rs. 159.78 crores for nine months ended December 31, 2017.
3 As required by paragraph 32 of Ind AS 101. net profit reconciliation between the figures reported. net of tax, under Previous GAAP and Ind AS is given below:
(i In Crores)
(Unaudited) (Unaudited) Net profit after tax as per Previous GAAP 491.07 1,450.26 Adjustment on account of effective interest rate for financial assets and liabilities recognised at amortised
cost] net interest on credit 48 06 85 74 impaired loans ‘ ‘
Adjustment on account of expected credit loss 58.02 (211.99) Reclassification of Actuarial gains and losses on employee benefit plans to Other Comprehensive Income (2.74) (2.03)
Reversal of Deferred tax liability on amount transferred u/s Section 36 (1) (viii) for the quarter 54.09 158.93
Adjustment on account of Modification Gain/ Loss on Financial Instruments (159.72) (159.78)
Adjustment on account of Derecognition of Financial Instruments 1829 18.29
Other Adjustments (31.98) 68.74 Net profit after tax as per Ind AS 475.10 1,408.15
Other Comprehensive Income (net of tax) 0.86 1.32
Total Comprehensive Income (net of tax) as per Ind AS 475.96 1,409.48
4 The Company has availed the exemption provided by Securities and Exchange Board of India (SEBI) vide Circular No. CIR/CFD/FAU62/2016 dated
July 5, 2016 in respect of dislosure requirements pertaining to financial results for the year ended March 31, 2018. Accordingly, the financial results for
the year ended March 31. 2018 is not disclosed.
5 The main business of the Company is to provide loans for purchase or construction of residential houses. All other activities of the Company revolve
around the main business and accordingly there are no separate reportable segments, as per the Ind AS 108 –
6 The figures for the previous periods have been regrouped / reclassified / restated wherever necessary in order to make them comparable with figures for the current period ended December 31, 2018.
7 The Statutory Auditors of the Company have carried out a Limited Review of the standalone financial results for the quarter and nine months ended
December 31, 2018 in compliance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
8 In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 the above results for the quarter and nine months ended December 31, 2018 have been reviewed and recommended by the Audit Committee and subsequently approved by the
Board of Directors at their meeting held on January 302019.
For and behalf of the Board
Managing Director 8. CEO
Place : Mumbai
Date : January 30, 2019
CIN No. : L65922MH1989PLC052257
Corporate Office : LIC Housing Finance Ltd., 131 Maker Tower “F” Premises, 13th Floor, Cuffe Parade, Mumbai 400 005
Tel :+ 91 22 2217 8600 Fax:+91 22 2217 8777 Email :Iichousing@lichousing.com
Registered Office: LIC Housing Finance Ltd. Bombay Life Bldg, 2nd fir., 45/47, Veer Nariman Rd, Fort, Mumbai –
Tel: +91 22 2204 9682 /9799 /0006 Fax: +91 22 2204 9682. E-mail: Iichousing®lichousing.corn
Shah Gupta & Co. Chokshi & Chokshi LLP
Chartered Accountants Chartered Accountants
7, Raheja Centre, 15/17, Raghavji ‘5’ Building,
214, Free Press Journal Marg, Gawalia Tank, Mumbai –
Nariman Paint, Mumbai –
400021 Tel: +91 (22) 23336900
Tel: +91(22) 4085 1000 Fax: +91(22) 23836901
Fax: +91(22) 4085 1015 LLP Registration No.AAC-8909
INDEPENDENT AUDITORS’ REPORT
The Board of Directors
LIC Housing Finance Limited
1. We have reviewed the accompanying Statement of Unaudited Standalone Ind AS Financial Results of LIC
Housing Finance Limited (‘the Company’) for the quarter and nine months ended December 31, 2018 (‘the
Statement’), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations’) read with SEBI Circular No.
CIR/CFD/FAC/62/2016 dated July 05, 2016.
2. This Statement being the responsibility of the Company’s management, has been approved by the Board of
Directors of the Company and prepared in accordance with the Indian Accounting Standards (‘Ind AS’) specified
under Section 133 of the Companies Act, 2013 (‘the Act’). Our responsibility is to issue a report on the Statement
based on our review.
3. We conducted our review in accordance with the Standard on Review Engagements (‘SRE’) 2410, ‘Review of Interim
Financial Information performed by the Independent Auditor of the Entity’ specified under sub—section 10 of Section
143 of the Act. This Standard requires that we plan and perform the review to obtain moderate assurance as to
whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company
personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We
have not performed an audit and accordingly, we do not express an audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in
the applicable Ind AS specified under Section 133 of the Act read with relevant rules issued thereunder and other
recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of
Regulation 33 of the Listing Regulations read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016,
including the manner in which it is to be disclosed, or that it contains any material misstatement.
For SHAH GUPTA & CO. For CHOKSHI & CHOKSHI LLP
Chartered Accountants Chartered Accountants
109574W FRN —
Heneel K Patel
Dated: January 30, 2019
LIC Housing Finance Ltd COMPANY INFORMATION:
Managing Director – Vinay Sah
Company Secretary – Nitin K Jage
Non Executive Director – Savita Singh
Additional Director – Hemant Bhargava
Independent Non-Executive Director – Jagdish Capoor
V K Kukreja
Ameet N Patel
P Koteswara Rao