LIC Housing Finance reports 17% rise in Q4 net profit

LIC Housing Finance has reported results for fourth quarter and year ended March 31, 2014. The company has reported a rise on 17.04% in its net profit at Rs 370.02 crore for the quarter ended March 31, 2014 as compared to Rs 316.16 crore for the same quarter in the previous year. Total income from operations of the company has increased by 18.91% at Rs 2443.30 crore for quarter under review as compared to Rs 2054.74 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the company has reported a rise on 28.73% in its net profit at Rs 1317.19 crore as compared to Rs 1023.21 crore for FY13. Total income from operations has increased by 21.19% at Rs 9181.38 crore for year under review as compared to Rs 7575.92 crore for the year ended March 31, 2013.