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LIC Housing Q4 net jumps 17% to Rs 370 cr

New Delhi: State-run LIC Housing Finance has reported a 17 per cent growth in its fourth quarter net profit at Rs 370 crore on the back of higher revenue from its lending activities.During the period

India TV News Desk [ Updated: April 21, 2014 16:20 IST ]
lic housing q4 net jumps 17 to rs 370 cr
lic housing q4 net jumps 17 to rs 370 cr

New Delhi: State-run LIC Housing Finance has reported a 17 per cent growth in its fourth quarter net profit at Rs 370 crore on the back of higher revenue from its lending activities.


During the period under review, total income increased 18.91 per cent to Rs 2,443.31 crore from Rs 2,054.74 crore in the year-ago period.

The board has recommended a dividend of Rs 4.50 per share on face value of Rs 2 per share.

LIC Housing's gross non-performing assets (NPAs) jumped marginally to 0.67 per cent of total loans from 0.61 per cent in the year-ago period, while net NPAs rose to 0.39 per cent from 0.36 per cent.

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