The company had achieved loans disbursal of Rs 34,000 crore last fiscal, LIC Housing Finance MD and CEO Sunita Sharma said.
There are likely to be two more senior appointments at the state-run insurer as one of its three managing directors, SB Mainak, retired in February, while it has sought government permission to have a fourth MD, a decision on which is awaited.
In an interview with CNBC-TV18, Sunita Sharma, MD and CEO of LIC Housing said that reduction in non-performing assets (NPAs) and strict control over asset quality are major drivers for growth in this quarter.
LIC Housing to further trim bank borrowings to 11-12%: CEO
Total income has increased to Rs 2,860.59 crore for the quarter under review, from Rs 2,477.94 crore a year ago. For 2014-15, the company's net profit crept up to Rs 1,386.18 crore, from Rs 1,317.18 crore in the previous fiscal.
The housing finance company improved margins from 2.19 percent in June to 2.23 percent in September and hopes to continue the trend.
Discussing the earnings, Sunita Sharma, Managing Director & CEO, LIC Housing Finance, said September saw a very healthy loan growth and the lender has been able to recover developer NPLs worth Rs 132 crore with interest.