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LIC Housing Finance Q4 net up 25% at Rs 316.16 cr

LIC Housing Finance Friday reported 25 percent decline in net profit at Rs 316.16 crore for the fourth quarter ended March 31.



Mumbai: LIC Housing Finance Friday reported 25 percent decline in net profit at Rs 316.16 crore for the fourth quarter ended March 31.

The company had posted a net profit of Rs 253.60 crore in the January-March quarter of 2010-11.

Total income of the housing finance major rose by 23 percent to Rs 2,075 crore from Rs 1,689 crore in the year-ago period, the company said in a statement.

The company proposed a dividend of 190 percent, or Rs 3.80, per share of face value Rs 2 each for 2012-2013.

For the financial year ended March, 2013, the company posted a 12 percent increase in net profit to Rs 1,023.21 crore from Rs 914.20 crore in the previous year, it said.

Total income during the fiscal rose to Rs 7,659 crore from Rs 6,215 crore in the previous financial year, an increase of 23 percent.

PTI

From Zee News

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