News
LIC Housing Finance reports 20 per cent increase in net


LIC Housing Finance on Monday reported a rise of 19.5 per cent in its consolidated net profit at Rs 1,667.70 crore for the quarter ended March 31.
According to a PTI report, the company had posted a net profit of Rs 1,395.61 crore in the corresponding quarter previous fiscal, it said in a regulatory filing.
The total income of the group increased to Rs 12,502.58 crore for the year ended March 31, from Rs 10,828.88 crore a year ago. On a standalone basis, the company posted a net profit of Rs 448.02 crore for the quarter compared with Rs 378.18 crore.
The report said standalone total income increased to Rs 3,273.94 crore during the quarter under review from Rs 2,860.59 crore. LIC Housing Finance further said the Board of Directors of the company has approved a dividend of Rs 5.50 per equity share for 2015-16.
The dividend on equity shares, will be paid on or after August 20, 2016, it said.
Total income of the group increased to Rs 12,502.58 crore for the year ended March 31, from Rs 10,828.88 crore a year ago. On a standalone basis, the company posted a net profit of Rs 448.02 crore for the quarter compared with Rs 378.18 crore.
-
New Launches4 weeks ago
BST Developers launches “BST-Green Bhoomi”
-
New Launches4 weeks ago
BPTP launches residential project, District 4 in Sector 84, Faridabad
-
News4 weeks ago
Tribeca appoints new Head of Business Development, Somendra Sarwal
-
New Launches4 weeks ago
SAYA launches SAYA STATUS, India’s Tallest Mall
-
New Launches3 weeks ago
Naiknavare Developers launches Premium residential project, ‘Shivatman’, in Pune’s Shivajinagar
-
News4 weeks ago
Kids Fiesta with workshops, games and characters’ meet at Urban Square Mall, Udaipur
-
Guest Column3 weeks ago
Boom in organised retail spaces in Chandni Chowk
-
Guest Column4 weeks ago
Rising disposable income to push premium housing, commercial segments