LIC Housing profit up 35.5%

LIC Housing Finance (LICHF) has reported 35.51 per cent growth in net profit at Rs 231.51 crore for the quarter ended March 31, compared with Rs 157.56 crore a year ago. Interest income from housing loans grew 22 per cent to Rs 919 crore, compared with Rs 754 core in the fourth quarter of 2008-09.

Net profit for the year ended March stood at Rs 662.17 crore, compared with Rs 531.62 crore last year.

It disbursed loans of Rs 5,062 crore in the fourth quarter, registering a growth of 61 per cent over the corresponding quarter last year, when it disbursed loans worth Rs 3,143 crore. The lender’s total loan book stands at Rs 38,081 crore as on March 31.