LIC Housing Q4 PAT up two-fold at Rs 89 cr

MUMBAI: LIC Housing Finance on Monday posted over two-fold increase in profit after tax at Rs 89.14 crore for the quarter ended March 31, as compared to Rs 41.38 crore for the same quarter last year.

Total income grew by 28 per cent to Rs 453.69 crore for the quarter ended March 31, from Rs 354.20 crore for the yea-ago period, LIC Housing informed the Bombay Stock Exchange.

The board of directors at its meeting on Monday declared a final dividend of 30 per cent on equity shares in addition to interim dividend of 50 per cent already paid.

The payment of dividend would be subject to the approval of shareholders at the forthcoming annual general meeting.

For the year ended March 31, the company recorded a profit after tax of Rs 279.14 crore as compared to Rs 208.57 crore for the period under consideration previous year.

The total income of the company increased to Rs 1,583.25 crore for the year ended March 31, from Rs 1,268.83 crore a year ago. The shares of LIC Housing were trading at Rs 160.50, up 4.46 per cent on the BSE, in afternoon trade.