LIC Housing Finance Ltd’s net profit declines 40% to Rs 424 cr for Q4FY20

New Delhi: LIC Housing Finance Ltd’s consolidated net profit declined 40 percent to Rs 424 crore in the fourth quarter of the fiscal 2019-20 as compared to Rs 696.91 crore in the corresponding quarter of the previous fiscal.

The consolidated total income of the company increased about 5 percent to Rs 4,903.54 crore in the fourth quarter of the fiscal 2019-20 as compared to Rs 4,667 crore in the corresponding quarter of the previous fiscal.

For the entire fiscal 2019-20, the company’s consolidated net profit fell marginally to Rs 2,403.66 crore as compared to Rs 2,434.37 crore in the previous fiscal.

For the entire fiscal 2019-20, the company’s consolidated total income jumped 13 percent to Rs 19,706.88 crore as compared to Rs 17,398.46 crore in the previous fiscal.

The consolidated total expenses of the company jumped to Rs 4,070 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 3,676 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses for the whole fiscal 2019-20 jumped to Rs 16,424 crore as compared to Rs 14,006 crore in the previous fiscal. 

On standalone basis, the company’s net profit dropped 40 percent to Rs 421 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 693 crore in the corresponding quarter of the previous fiscal. The standalone net profit for the entire fiscal 2019-20 fell marginally to Rs 2,401 as compared to Rs 2,430 crore in the previous fiscal, the company said in a regulatory filing.   

The company recommended a dividend of Rs 8 per equity share, that is, 400%. 

 

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