LIC housing Finance Q4FY17 Results
DSIJ Intelligence / 25 Apr 2017
LICHF's net profit increased by 6% qoq to Rs 529.2 crore, while its provisions increased by 97% QoQ to Rs 89.2 crore
The company's NII for the quarter grew by 15.4% QoQ to Rs 1073 crore.
LICHF's net profit increased by 6% qoq to Rs 529.2 crore, while its provisions increased by 97% QoQ to Rs 89.2 crore
The board has recommended a dividend of Rs 6.2 per equity share of Rs 2 each
LICHF's NII grew 21.6% to Rs. 3755 crore in FY17 and net profit increased by 16.3% in FY17 to Rs 1931 crore
LIC hHousing Finance Ltd is India-based housing finance company. The main objective of the company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The company also provides finance on existing property for business / personal needs and gives loans to professionals for purchase / construction of clinics / nursing homes / diagnostic centers / office space and also for purchase of equipments.
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