LIC Housing Fin Q4 net dips 19% to Rs 253 cr

FY12 net profit also declines 3.3% to Rs 919 cr

LIC Housing Finance posted a 19.4% dip in net profit for the quarter ended March 2012 at Rs 253.6 crore as against Rs 314.7 crore in March 2011.

However, total income jumped 21.3% to Rs 1,689 crore from Rs 1,392 crore in March 2011.

The consolidated net profit for the financial year ended March 2012 declined 3.3% to Rs 919.8 crore from Rs 951.8 crore in March 2011.

However, a 28.1% increase was seen in total income at Rs 6,244.5 crore as against Rs 4,874.6 crore in the previous financial year ended MArch 2011.

The company's scrip was trading 0.8% down at Rs 256 on BSE at 1420 hours.