LIC Housing Finance Q4 net up 66 pc, dividend at 60 pc

Mumbai, June 7 (UNI) LIC Housing Finance Ltd has posted a net profit of Rs 41.38 crore for the quarter ended March 31 this year as compared to Rs 14.17 crore for the corresponding period last year, an increase of 65.75 per cent.

Announcing the results, the company said its total income rose from Rs 275.91 crore in Q4 FY 04-05 to Rs 354.40 crore for Q4 FY 05-06.

It has posted a net profit of Rs 208.57 crore for the year ended March 31 (FY 05-06) as compared to Rs 143.72 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 1049.61 crore in FY 04-05 to Rs 1268.83 crore for FY 05-06.

As per the consolidated results, the group has posted a net profit after tax of Rs 209 crore for the year ended March 31 (FY 05-06) as compared to Rs 146.22 crore for the year ended March 31 (FY 04-05). Total Income has increased from Rs 1,048.65 crore in FY 04-05 to Rs 1,268.35 crore for FY 05-06.

The Board has recommended a dividend of 60 per cent on equity shares subject to approval at the forthcoming Annual General Meeting.

UNI SN KU AG1743