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LIC Housing Net Profit up 33%

LIC HF powers to a gainful Q4...

One of the largest housing finance companies in India, LIC Housing Finance Ltd (LIC HF) has announced its fourth quarter and yearly results.

Promoted by the country's largest insurer LIC of India, LIC HF went public in 1994. The company's unaudited results for the quarter ended March 31, 2009, has shown excellent growth posting an increase in net profit after tax of 33 per cent.

This has climbed to Rs 157.5580 crore for the quarter latest quarter as compared to Rs 118.0954 crore for the quarter ended March 31, 2008.

Total income too is up, by as much as 28 per cent when seen against the 2008 figures. It has increased from Rs 629.6774 crore for the quarter ended March 31, 2008 to Rs 806.0820 crore for the currently-ended quarter.

For the year ended March 31, 2009, the company has posted a net profit after tax of Rs 531.6202 crore. The figure was Rs 387.1872 crore for the year ended March 31, 2008. On an annual basis net profit has increased by 37 per cent.

Total income for the entire year too has increased to Rs 2903.3423 crore from Rs 2173.3351 crore for the year ended March 31, 2008. This is up by 33.6 per cent.