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LIC Housing Finance Ltd.

BSE: 500253 Sector: Financials
NSE: LICHSGFIN ISIN Code: INE115A01026
BSE LIVE 15:42 | 22 Aug 636.95 -11.70
(-1.80%)
OPEN

653.00

HIGH

653.00

LOW

635.00

NSE 15:57 | 22 Aug 636.10 -12.30
(-1.90%)
OPEN

653.70

HIGH

653.70

LOW

634.40

OPEN 653.00
PREVIOUS CLOSE 648.65
VOLUME 95571
52-Week high 794.10
52-Week low 470.00
P/E 16.13
Mkt Cap.(Rs cr) 32,144
Buy Price 636.95
Buy Qty 6.00
Sell Price 0.00
Sell Qty 0.00
OPEN 653.00
CLOSE 648.65
VOLUME 95571
52-Week high 794.10
52-Week low 470.00
P/E 16.13
Mkt Cap.(Rs cr) 32,144
Buy Price 636.95
Buy Qty 6.00
Sell Price 0.00
Sell Qty 0.00

LIC Housing Finance Ltd. (LICHSGFIN) - Chairman Speech

Company chairman speech

Dear Shareholders

We started FY2016 on the backdrop of optimism and anticipation in the real estatesector triggered further by positive macro developments. Several key initiatives werelaunched by the Government during the year. The 100 Smart Cities Mission is an importantcall and so is "Housing for All" Mission by 2022 under the Pradhan Mantri AwasYojana (PMAY) programme. The passing of the Real Estate Regulatory Authority (RERA)

Bill in December 2015 can be seen as a major milestone and positive development withfar reaching benefits for the sector. The 7th Pay panel recommendation for hike in pay andallowances of government employees will also act as a driver for home buying. Along withtax incentives introduced in recent budgets for both owners and developers of homes theseinitiatives augur well for the industry at large but more importantly for a greaterincrease in affordable home ownership and improved financial access to it. The declininginterest rate regime further induces affordability to the end-users by driving down thecost of owning their dream home.

LIC Housing Finance Limited (LICHFL) has always had a profound sense of responsibilityand optimism towards enabling home ownership and a better lifestyle to the citizens ofthis country. As your Company journeys through the third decade of its operations itspurpose is further fortified with the immense trust and conviction of its stakeholders andcustodians. The Company is well entrenched in the middle-income end user segment whichstands to benefit tremendously from the demographic dividend we have been talking aboutfor quite some time which mirrors the aspirations consumption style and purchasing powerof India.

The greatest facet of India's economic growth story continues to be nested within thisrapidly expanding and dynamic middle income segment. With a keen understanding of thisconsumer segment and its purchasing power LICHFL has chalked a robust roadmap ahead. Inparticular your Company is taking the commendable "Housing for All" initiativeto heart and hopes to keep increasing its role in this area.

Today LICHFL has mastered the art of knowing how to measure manage and allocate riskin the home loans business which is a key element of this business. This along with astrong technology driven platform a wide range of products and a pan India reachdifferentiates LICHFL superbly for value creation.

LICHFL is a very people-focussed and a proficient enterprise operating in amulti-cultural environment. To achieve competitive superiority and scalable growth yourCompany has aligned competencies of its human capital in line with its businessstrategies empowered them with relevant trainings and behavioural improvements. YourCompany's focused aim behind this is to improve its organisational capability andvitality. Your Company is also making significant investment into its IT infrastructure toadvance to the next-generation scalable and flexible technology landscape. This will helpus to improve productivity customer convenience and sustain growth.

LICHFL is indeed well poised to maintain its steady growth trajectory going forward -by customer category region and an expanding product portfolio. Your Company willcontinue to drive innovation in India's housing finance space to keep it standing firm asa respected peer in the business. I look forward to the continued support of all ourstakeholders in taking your Company forward on this journey of sustainable and profitablegrowth.

With best wishes

S. K. Roy

Chairman