LIC Housing Finance Q4 net up 17% on strong net interest income, revenue

NII rises 21% to Rs 1,201 cr in Q4FY19, revenue up 20% to Rs 4,655 cr; individual home loans up 18% to Rs 12,448 cr

Mortgage lender LIC Housing Finance has reported a 17 per cent growth in net profit during the last quarter of FY19. The housing finance company had a net profit of Rs 693.58 crore in Q4 of FY19 as compared to Rs 594.34 in the same quarter last fiscal. 

Net interest income of the company rose 21 per cent to Rs 1,201 crore in Q4 of FY19 from Rs 989 crore in Q4FY18. It also reported a 20 per cent growth in revenues to Rs 4,655 crore in Q4FY19, up Rs 3,888 crore in Q4FY18.

Loan disbursements of the company were