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Stock Report
LIC Housing Q4 net profit at Rs.89.14 crores, recommends 30% final dividend
Posted On : 2007-05-14 01:38:53( TIMEZONE : IST )
LIC Housing Finance Ltd has announced the Audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 891.40 million for the quarter ended March 31, 2007 as compared to Rs 413.80 million for the quarter ended March 31, 2006. Total Income has increased from Rs 3542.00 million for the quarter ended March 31, 2006 to Rs 4536.90 million for the quarter ended March 31, 2007.
The results for the Year ended March 31, 2007 are as follows: The Company has posted a profit after tax of Rs 2791.40 million for the year ended March 31, 2007 as compared to Rs 2085.70 million for the year ended March 31, 2006. Total Income has increased from Rs 12688.30 million for the year ended March 31, 2006 to Rs 15832.50 million for the year ended March 31, 2007.
The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a profit after tax of Rs 2816.00 million for the year ended March 31, 2007 as compared to Rs 2090.00 million for the year ended March 31, 2006. Total Income has increased from Rs 12683.50 million for the year ended March 31, 2006 to Rs 15828.80 million for the year ended March 31, 2007.
The Board of Directors of the Company at its meeting held on May 14, 2007, inter alia, has recommended a final dividend of 30% on equity shares in addition to interim dividend of 50% already paid subject to approval of the members of the Company at the forthcoming Annual General Meeting.
