LIC Housing Finance Q4 Result: PAT Up 5% To Rs 1,180 Cr, Dividend Declared
LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year
BS Web Team New DelhiListen to This Article
LIC Housing Finance announced its Q4 results on Tuesday and the Non-Bank Financial Company's (NBFC) board suggested a dividend of Rs 8.50 per equity share of Rs 2 each for FY23, the company said in a statement.
The board also announced that the dividend on equity shares will be given on or after the company's annual general meeting (AGM).
LIC Housing Finance reported a jump of 5.5 per cent in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of previous year.
Its net interest income (NII) grew 22.1 per cent and was Rs 1,990.3 crore for the March quarter, as against Rs 1,630 crore in the year-ago period.
The revenue for LIC Housing Finance also witnessed a jump of 21.04 per cent and came in at Rs 6,415.11 crore as compared to Rs 5,299.66 crore in the corresponding quarter of last year.
For the quarter ended March, the total income of the company stood at Rs 6,415.17 crore, as against Rs 5,308.9 crore in the same quarter last year, reporting a rise of 20.83 per cent year-on-year (YoY) basis.
Till March 31, 2023, LIC Housing Finance's net worth was Rs 24,674.98 crore. Its debt-equity ratio was 10.08 and total debts to total assets were 0.90 per cent.
The operating margin was 15.70 per cent, the net profit margin at 12.75 per cent, gross non-performing assets (NPAs) were 4.41 per cent while net NPAs stood at 2.50 per cent, according to a regulatory filing.
First Published: May 16 2023 | 11:18 PM IST
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more