LIC Housing Finance Q4 net up 17 pc at Rs 370 cr

Tags: Companies
LIC Housing Finance today reported 17 per cent rise in net profit at Rs 370.02 crore for the fourth quarter ended March 31.

The company had posted a net profit of Rs 316.16 crore in the January-March quarter of 2012-13.

Total income of the housing finance major rose by 19 per cent to Rs 2,478 crore from Rs 2,075 crore in the year-ago period, the company said in a statement.

The company proposed a dividend of 225 per cent, or Rs 4.50, per share of face value Rs 2 each for 2013-14. This includes silver jubilee dividend of 25 per cent.

For the financial year ended March, 2014, the company posted a 29 per cent increase in net profit to Rs 1,317.19 crore from Rs 1,023.21 crore in the previous year, it said.

Total income during the fiscal rose to Rs 9,335 crore from Rs 7,659 crore in the previous financial year, an increase of 22 per cent.

The Gross NPAs of the company increased marginally to 0.67 per cent on March 31, 2014 as against 0.61 per cent previous fiscal. Net NPAs were 0.39 per cent as against 0.36 per cent.

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