LIC Housing Finance has reported a 22 per cent increase in net profit for the third quarter ended December 31, 2015 at Rs 418.90 crore compared with  Rs 344.35 crore in the same period last year.

The net interest income for the company grew 36 per cent to Rs 747 crore compared with Rs 549 crore in Q3 of FY15, the company said.

During the quarter, in the individual loan segment the company disbursed loans of Rs 8067 crore as against Rs 7184 crore for Q3 of FY15, registering a growth of 12 per cent. Disbursements in the developer loan segment were Rs 354 crore and Rs 448 crore respectively during the corresponding quarters. The outstanding mortgage portfolio as on December 31, 2015 was Rs 1,17,396 crore as against Rs 1,01,944 crore on December 31, 2014, thus registering a growth of 15 per cent, LIC HFL said.

The individual loan portfolio stood at Rs 1,14,305 crore as against Rs 99362 crore, a growth of 15 per cent. Developer loan portfolio stood at Rs 3,091 crore as on December 31, 2015 as against Rs 2,582 crore as on December 31, 2014, a growth of 20 per cent, LIC HFL said. Total Gross NPAs for the company including NPAs on developer loans was 0.58 per cent as on December 31, 2015 as against 0.57 per cent as on December 31, 2014. Gross NPAs in individual segment was 0.32 per cent as on December 31, 2015 as against 0.33 per cent as on December 31, 2014. Net NPAs stood at 0.32 per cent as on December 31, 2015 as against 0.31 per cent as on December 31, 2014, LIC HFL said.

Total provision, including general provision, on standard loans was Rs 788 crore as on December 31, 2015, against gross NPAs of Rs 682 crore on the same date. Net interest margins for the Q3 of FY16 stood at 2.58 per cent as against 2.2 per cent for Q3 of FY15, LIC HFL added.