Home / Companies / Results / LIC Housing Finance Q4 profit up 180% to Rs 1,118 cr, credit costs drop

LIC Housing Finance Q4 profit up 180% to Rs 1,118 cr, credit costs drop

The company's board recommends a dividend of Rs 8.5 per share of Rs 2 each.

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It had posted a net profit of Rs 398.92 crore in Q4 FY21.

2 min read Last Updated : May 18 2022 | 8:21 PM IST

LIC Housing Finance’s net profit rose by 180 per cent to Rs 1,118.6 crore for the fourth quarter ended March 2022 (Q4 FY22), gaining from an increase in net interest income and sharp dip in credit costs.

It had posted a net profit of Rs 398.92 crore in Q4 FY21.

However, its net profit for FY22 fell to Rs 2,287.28 crore from Rs 2,734.34 crore in FY21. The company’s board recommended a dividend of Rs 8.5 per share of Rs 2 each (425 per cent) for 2021-22, the mortgage major informed BSE. LIC HFC stock closed 0.84 per cent higher at Rs

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